What is Pi network?

If you've been mining Pi Network (PI) tokens through their mobile app, you might be wondering how to convert these tokens into euros.

Recently, Pi Network has launched its mainnet, enabling users to trade, transfer, and utilize their PI tokens more effectively. Here's a guide on how to navigate this new development and exchange your PI tokens for euros.

Understanding Pi Network's Evolution

Pi Network was designed to democratize cryptocurrency mining, allowing users to mine PI tokens directly from their mobile devices by simply tapping a button daily. This approach attracted millions of users worldwide. However, until the recent mainnet launch, there was no avenue to trade or transfer these tokens. With the mainnet now active, PI tokens have become tradable assets on various cryptocurrency exchanges.

Trading PI Tokens on Exchanges

Several cryptocurrency exchanges have listed PI tokens, facilitating their trade against various fiat currencies, including euros. For instance, platforms like OKX and CoinCodex provide real-time exchange rates and trading services for PI tokens. As of February 26, 2025, the exchange rate on OKX is approximately 1 PI to €2.4055, while CoinCodex lists it at around 1 PI to €1.79. These rates are subject to market fluctuations, so it's advisable to check the current rates before proceeding.

Steps to Convert PI Tokens to Euros

Choose a Reputable Exchange: Select a cryptocurrency exchange that supports PI token trading and operates within your jurisdiction. Ensure the platform has a good reputation and offers euro withdrawals.
Create an Account: Sign up on the chosen platform by providing the necessary information and completing any required identity verification processes.
Deposit PI Tokens: Transfer your PI tokens from your Pi Network wallet to your exchange wallet. This typically involves generating a deposit address on the exchange and initiating a transfer from your Pi Network app.
Sell PI Tokens: Once the tokens are in your exchange wallet, navigate to the trading section, select the PI/EUR trading pair, and place a sell order for the desired amount.
Withdraw Euros: After the sale is complete, withdraw the euros to your bank account or preferred withdrawal method as supported by the exchange.

Important Considerations

Market Volatility: Cryptocurrency prices can be highly volatile. Monitor the market and choose an optimal time for trading to maximize returns.
Fees: Be aware of any fees associated with trading and withdrawing funds, as these can affect your net proceeds.
Security: Use strong passwords, enable two-factor authentication, and ensure you're using official platforms to protect your assets.

By following these steps and staying informed about the latest developments, you can effectively convert your PI tokens into euros and make the most of your cryptocurrency holdings.

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