How to exchange PI coin for money? 2025 Latest Withdrawal Guide and Operation Steps

With the Pi Network Mainnet launching in February 2025, many users are beginning to explore how to convert the PI coin they have "mined" on their phones into real cash. As of August 28, 2025, according to Gate data, the price of Pi coin (PI) is hovering around $0.36.

Despite falling about 88% from its all-time high (ATH) of $3.00, PI coin still holds great potential as the ecosystem continues to improve.

Necessary Preparations Before Withdrawal

Before starting the exchange, you need to complete the following key steps to ensure that your PI coin can be smoothly converted to cash:

• Complete KYC verification: Pi Network requires all users to complete KYC (identity verification) in order to migrate to the Mainnet and make withdrawals. You need to open the Pi Network App, go to the "Pi Browser", find the Pi KYC application, and submit identity verification materials (such as ID card, passport, etc.) for review.

• Ensure that PI coin has been migrated to Mainnet: Your Pi coin must complete the migration to Mainnet. Check the Mainnet wallet (Pi Mainnet) on the Pi Network App homepage for a balance. If it has not been migrated, you will need to wait for the official migration batch to open or confirm that KYC has been completed.

• Create and back up your Mainnet wallet: Enter the "Wallet" (Pi Wallet) in the Pi Network App, create your Mainnet wallet, and securely save your mnemonic phrase. Ensure that your PI coin is deposited into the Mainnet wallet; otherwise, you will not be able to perform any withdrawal operations.

The Path and Methods for Exchanging PI Coin for Cash

Currently, users mainly exchange PI tokens for cash through compliant exchanges or P2P transactions. Here are several mainstream exchange methods:

exchange through a compliant exchange (recommended)

This is currently the most common and relatively safe exchange method. PI coin has already been launched on multiple trading platforms including OKX, BitGet, Gate, MEXC, and Huobi (HTX).

Operation process using Gate as an example:

1. Registration and Verification: Register an account on Gate and complete the advanced KYC verification (usually requires submitting identification documents such as ID cards, passports, etc., which takes about 10 minutes to complete).
2. Recharge PI coin: Search for "Pi" on Gate's "Assets" page, click on "Recharge" to get your exclusive wallet address. Then open your Pi Network Mainnet wallet, select the "Payment" function, paste Gate's recharge address, enter the transfer amount, and confirm the transaction (usually takes about 5 - 15 minutes to arrive).
3. Selling Trades: In the Gate spot trading area, select the PI/USDT trading pair. Place limit sell orders for your PI coin according to the real-time market conditions (it is recommended to place orders in batches to avoid a significant single large sell order from depressing the price). After a successful sale, you will receive USDT.
4. Fiat Withdrawal: Sell USDT through Gate's "Fiat Trading" (P2P) area. Choose reputable certified merchants to exchange USDT for RMB or other fiat currencies, and withdraw to your bank card or Alipay account.

P2P trading

Some platforms support direct peer-to-peer trading, where buyers and sellers can match orders directly and negotiate prices and payment methods (such as bank transfers, Alipay, etc.). This method may be more flexible, but it is essential to pay special attention to the reputation of the trading counterpart and the security measures of the platform to guard against fraud.

can be consumed directly within the ecosystem.

The Pi Network ecosystem is also continuously evolving, and in the future, there may be more merchants and services supporting direct payments using PI coin. Currently, you can look for merchants or platforms that support Pi payments in the official DApp within the Pi App, where you can directly use your Pi wallet to purchase goods or services.

Key Considerations During the Exchange Process

During the process of exchanging PI coin, please be sure to pay attention to the following risks and recommendations:

• Compliance and Regional Restrictions: Some exchanges may have restrictions on users from mainland China participating in PI coin trading. Users should operate through compliant channels such as licensed exchanges in Hong Kong. At the same time, it is important to understand and comply with local tax regulations, for example, users in Japan and the EU may need to declare cryptocurrency earnings.
• Security Risks:
  • Wallet Security: Be sure to keep your Mainnet wallet mnemonic phrase and private key safe, and do not disclose them to anyone. Enable two-factor authentication (2FA) for added security.
  • Withdrawal Delay: During the early stages of the Mainnet, the block generation time for nodes may be unstable, leading to delays in deposits or withdrawals. The technical team has initiated an expansion plan, but users should still allow sufficient time when performing operations.
  • Prevent fraud: Be wary of over-the-counter transactions and unofficial channels; the period before and after the Mainnet launch is a peak time for scams. Only operate through officially recognized or reputable platforms.
• Market and price risk:
  • Price volatility: The cryptocurrency market is highly volatile, and the price of PI coin may change at any time. As of August 28, 2025, the price of PI is approximately $0.36, with a short-term key support around $0.36 and a stronger support at the psychological level of $0.30.
  • Liquidity Risk: During the early stages of the Mainnet, liquidity may be relatively low, and large sell-offs could significantly impact the price. Therefore, it is recommended to sell in batches rather than all at once.

Investment Recommendations and Future Outlook

Whether PI coin can break through 1 dollar in 2025 depends not only on the breakthrough of key resistance levels on the technical side but also on whether its ecological development can bring substantial application demand. The next 3 months are especially crucial, as the results of the hackathon, the progress of the Mainnet migration, and potential new listings on exchanges will all become important catalysts for price trends.

For investors, closely tracking the actual progress of a project rather than solely relying on price predictions is a wiser strategy. Holding PI for the long term may be more valuable, as liquidity in the early stages of the Mainnet is low, and selling too early may lead to missing out on future value growth.

Conclusion

Exchanging PI coin for cash is a process that requires careful operation. The core process can be summarized as follows: complete KYC verification → migrate Pi coin to a Mainnet wallet → trade on licensed exchanges like Gate → withdraw to a bank card after exchanging for USDT through C2C.

Please remember to always operate through official channels and reputable platforms to protect your asset security and have a clear understanding of market risks. As the Pi Network ecosystem continues to develop and improve, the utility and value of PI coin are expected to be further enhanced.