Mining cryptocurrency traditionally requires expensive hardware and significant energy consumption. However, Pi Network allows users to mine directly from their smartphones without the need for specialized equipment or high electricity costs.
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Pi Network was founded by a PhD from Stanford University in 2019 and has grown into a global community with over 60 million members. Its goal is to establish the most inclusive peer-to-peer ecosystem in Web3.
June 28 is Pi2Day, an important milestone for the Pi Network community. In addition to celebrations, the Pi core team will release significant updates about the network on this day, including wallet upgrades, KYC fixes, AI integration hints, and new exchange listings.
Now that Open Mainnet is live, you can finally trade and sell your PI tokens on major exchanges.
This guide explains what you need to know about Pi Network, how to buy, trade, and withdraw your PI tokens, and the significance of Pi2Day 2025.
How to buy Pi coins? 2025 trading guide for beginners.
What is Pi Network (PI)?
Pi Network is a mobile-centric cryptocurrency project aimed at making mining easier. Users can earn Pi tokens simply by opening the app daily and tapping a button once, without the need for high-end hardware or technical knowledge.
The project was launched on March 14, 2019 (Pi Day), founded by Stanford PhDs Nicolas Kokkalis and Chengdiao Fan, with the goal of creating an energy-efficient and easily accessible digital currency.
Unlike traditional cryptocurrencies like Bitcoin or Dogecoin that rely on proof of work, Pi Network uses a lightweight consensus mechanism based on the Stellar Consensus Protocol (SCP). This approach is designed to optimize mobile use, requiring minimal energy and data.
To ensure the integrity of the network and prevent fraudulent activities, Pi Network has conducted a large-scale KYC (Know Your Customer) process. Users who complete verification can migrate their mined tokens to the Open Mainnet and gain full access to platform features.
Within the network, you can play four roles:
- Pioneer: Tap to mine daily.
- Contributor: Add others to your security circle to boost your mining speed.
- Ambassador: Invite friends to earn referral bonuses.
- Node: Run Pi's node software to validate transactions and support the blockchain.
Pi Network is building a brand new crypto economy where identity, accessibility, and everyday use cases are at the core.
What is the use of Pi Coin?
Pi Coin (PI) is the native token of Pi Network, a mobile-centric blockchain project designed to make cryptocurrency mining accessible and easy for everyone. The primary use of PI is as a medium of exchange within the Pi ecosystem, for peer-to-peer transactions, in-app purchases, and payments in applications based on Pi Network.
As Open Mainnet expands, PI is also expected to be used for staking, governance, and potentially for payments in decentralized application (dApp) markets. Its broader use will depend on the growth of the ecosystem and developer adoption.
Pi2Day is coming: June 28: What is it and why is it important?
Pi2Day, held on June 28 (inspired by 2π = 6.28), is an important community event for Pi Network. It follows Pi Day (March 14) and celebrates the network's progress and future plans. Over the years, Pi2Day has marked key milestones, from ecosystem tools and developer features to preparations for Open Mainnet.
In 2025, Pi2Day will focus on several high-impact updates, including a large-scale KYC synchronized launch, the final round of .pi domain auctions, new dApps and developer tools, and potential signs of AI integration. Now, with the launch of Open Mainnet, expectations for listings on major exchanges are also growing. If successful, these developments will accelerate the growth of the Pi ecosystem and unlock more real-world applications.
The potential impact of Pi2Day on PI Coin price trends
Before Pi2Day, the price of the PI token rose by 12% to 19%, with daily trading volumes on certain exchanges exceeding $150 million. Although optimism surrounding KYC expansion, artificial intelligence (AI), and exchange rumors has driven a bullish market, risks remain. The token unlock in early July may increase selling pressure, and ongoing KYC delays or significant market corrections may affect price stability. As Pi enters the price discovery phase on Open Mainnet, each update shapes market direction.
How to buy, trade, and withdraw PI coins
With the launch of Pi Network's Open Mainnet, Pi Coin (PI) can finally be traded as a real asset on major centralized exchanges. This means no more IOUs or speculative tokens, but real PI that you can send, receive, trade, or withdraw like other top cryptocurrencies. You can access PI through KYB-certified exchanges that have been officially approved by Pi Network to support real PI tokens on Open Mainnet.
What is Pi Network's KYB verification?
Before choosing a trading platform, confirm whether the exchange is KYB-certified by Pi Network. KYB (Know Your Business) ensures that the platform has passed Pi's official compliance and identity checks. KYB-certified exchanges are authorized to support real PI tokens on Open Mainnet. Using KYB-listed exchanges helps protect you from fraud, ensures transaction security, and guarantees that you are trading actual PI, not speculative IOUs.
How to buy PI coins
Want to start buying Pi Coin? Here’s how to do it:
- Create an account on a KYB-certified exchange: Choose a platform that lists PI coins for trading. Register and complete the required KYC (identity verification) process.
- Fund your exchange wallet: Deposit USDT or other supported currencies into your spot wallet using fiat or cryptocurrency transfers. You can also purchase USDT through BingX to fund your account.
- Buy PI: Go to the trading page and search for the PI/USDT trading pair. Place a market order to buy at the current price, or set a limit order to establish your entry price. Confirm the purchase and check your latest balance in your wallet.
How to withdraw your PI coins?
Ready to convert your PI to USDT or fiat? Follow these steps:
Before withdrawing your PI coins and cashing out, ensure you have completed KYC verification with Pi Network. Once approved, your mined PI coins will migrate to your Open Mainnet wallet.
Step 2: Choose an exchange and deposit PI
Select a KYB-verified exchange listed on the official Pi Network website. Create an account, verify your identity, and copy your Pi deposit address. Use your Pi wallet to transfer PI to your exchange wallet.
Step 3: Place a sell order
Enter the trading area, select the PI/USDT or other available trading pairs. Choose a market order for an instant sale, or select a limit order to set your selling price. Enter the amount of PI you want to sell and confirm.
Step 4: Withdraw funds
Once the sale is complete, withdraw USDT or fiat to your bank account or cryptocurrency wallet. Many exchanges support direct transfers to external wallets or linked accounts.
Before trading, always double-check that the exchange is on Pi Network's official KYB list. This is the best way to avoid fraud and ensure you are using the real Pi ecosystem.
Key considerations when trading PI coins: security and fees
When trading PI, always double-check the deposit address to ensure you are using real PI tokens, not IOUs or wrapped tokens. Choose exchanges that support Pi Network's KYB (Know Your Business) program certification to enhance security. Be aware of the costs involved. Most platforms charge trading fees between 0.1% and 0.5%, and withdrawal fees may apply based on the network you use (e.g., fees for USDT on Ethereum).
You should also consider the spread and slippage, which can affect how closely your trade matches your expected price. To avoid surprises, check the platform's liquidity depth and trading volume before placing an order. As PI trading opens up on more exchanges, staying informed and cautious will help you make safer and more informed trading decisions.
Getting started with PI cryptocurrency
New to Pi Coin? Here are some key tips to help you get started safely.
- Do your own research (DYOR): Read official updates, follow certified channels of Pi Network, and avoid rumors. Don’t rely solely on hype.
- Only invest what you can afford to lose: Like all crypto projects, Pi carries risks. Don’t over-invest. Think long-term.
- Stay updated on recent events: Events like Pi2Day, exchange listings, or KYC launches may affect price and access. Keep an eye on announcements.
- Use secure and verified wallets: Store your PI tokens in verified wallets. Enable two-factor authentication (2FA) on your exchange account.
- HODL or trade PI coins?: Decide on your strategy early. Some holders prefer to wait for long-term adoption, while others trade during event-driven price fluctuations. Choose the approach that suits your risk tolerance.
Getting involved early has its advantages, provided you stay informed and protect your assets.
Frequently Asked Questions about Pi Network - What is Pi2Day?
Pi2Day is celebrated every year on June 28 (6.28) and marks an important milestone in the Pi Network ecosystem. It represents 2π (two times pi) and follows Pi Day (March 14). On this day, the core team typically announces important updates—such as KYC launches, new features, dApp, or roadmap progress. For the community, it’s an opportunity to reflect on progress and prepare for the future. - When and how can I transfer or sell PI?
Once you complete KYC and migrate your balance to Open Mainnet, you can transfer or sell PI. After that, send your PI to supported exchanges like OKX, Bitget, Gate.io, or MEXC. There, you can trade it for USDT or other tokens using market or limit orders. Before transferring, always double-check the wallet address and the legitimacy of the platform. - Will Pi reach $1 after Pi2Day?
Pi Coin has shown strong momentum around Pi2Day, but the price remains volatile. Some analysts believe that if major exchange listings or AI partnerships are announced, Pi could break $1. However, there are also warnings that the release of 268 million PI in July may increase supply and put downward pressure on the price. There are no guarantees; always manage your expectations and risks. - Is Pi Network safe?
Pi Network is generally considered safe for mobile users, with no major security breaches reported. It uses KYC, a lightweight consensus mechanism, and application-level security. However, the lack of third-party audits and ongoing concerns about decentralization make some users cautious. Never share your private keys or passwords, and stick to official apps and platforms. - What is the difference between IOU and real PI?
Real PI refers to the actual tokens on Pi Network's Open Mainnet that you can hold, transfer, and trade. IOU PI are placeholder tokens offered by some exchanges before the mainnet launch, based on speculation. IOUs do not guarantee redemption and cannot be used in the official Pi ecosystem. Always confirm that you are using real PI on the mainnet before trading or selling.
Conclusion
Pi Network is building a mobile-centric Web3 ecosystem aimed at making cryptocurrency more accessible to everyday users. With over 60 million members, it focuses on identity, community, and utility, setting it apart from traditional, hardware-intensive cryptocurrency models. Pi2Day 2025 highlights the network's progress, with expected updates on KYC expansion, tool ecosystems, dApp development, and potential exchange listings.
With the launch of Open Mainnet, users can now trade or hold PI coins on supported platforms. However, like all crypto projects, Pi Network carries risks. Market volatility, regulatory uncertainty, and delays in technical implementation may affect the token's future. Always do your own research (DYOR), be wary of unofficial platforms or IOU listings, and never invest more than you can afford to lose.