How to Sell Pi Coin on Bybit in 2025

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By Hugo Greene Published on: February 21, 2025 Last updated on: February 27, 2025

Pi Coin, the mobile-mined cryptocurrency from Pi Network, has gained massive popularity since its inception in 2018. With the mainnet launch officially announced for February 20, 2025, Pioneers worldwide are eager to trade their mined Pi Coins. Bybit, a leading crypto exchange, is one platform where you can potentially sell Pi Coin for USDT or other currencies. This guide walks you through the process of selling Pi Coin on Bybit, assuming it’s listed post-mainnet, as of February 21, 2025.

Current Status of Pi Coin Trading

As of today, February 21, 2025, Pi Network has just transitioned to its open mainnet phase. Prior to this, Pi Coins were not directly tradable on major exchanges like Bybit; only IOUs (I Owe You) were available, representing future Pi value. Now, with the mainnet live, exchanges like Bybit may list Pi Coin for spot trading. Always check Bybit’s official announcements to confirm Pi’s availability.

Step-by-Step Guide to Sell Pi Coin on Bybit

Step 1: Set Up a Bybit Account

If you don’t already have a Bybit account, visit www.bybit.com and sign up. Complete the registration by providing your email and setting a secure password. For trading, you’ll need to pass KYC (Know Your Customer) verification—upload a government-issued ID and follow the prompts. This ensures your account is secure and compliant.

Step 2: Transfer Pi Coins to Bybit

Open your Pi Network wallet via the Pi Browser app. Unlock it with your passphrase. On Bybit, navigate to the “Assets” section, select “Deposit,” and search for Pi Coin (PI). Copy the unique deposit address provided. Back in your Pi wallet, paste this address, specify the amount of Pi to transfer, and confirm the transaction. Transfers typically take a few minutes, depending on network congestion.

Step 3: Trade Pi Coin for USDT

Once your Pi Coins appear in your Bybit spot wallet, go to the “Trade” section and select “Spot Trading.” Search for the PI/USDT trading pair. You can place a Market Order to sell instantly at the current price or a Limit Order to set a specific price. Enter the amount of Pi you want to sell, review the order, and confirm. Your wallet will then reflect the USDT received.

Step 4: Withdraw Your Earnings

To cash out, go back to “Assets,” select “Withdraw,” and choose USDT. Provide your external wallet address (e.g., Trust Wallet or MetaMask) or use Bybit’s P2P trading to convert USDT to fiat currency like USD. For P2P, select a trusted buyer, agree on payment terms (e.g., bank transfer), and release the USDT once payment is confirmed. Be mindful of withdrawal fees.

Tips for Selling Pi Coin Safely

– Check Market Trends: Pi’s price may be volatile post-mainnet. Monitor its value on Bybit to sell at a favorable rate.
– Avoid Scams: Only use official Bybit channels—beware of fake sites or vendors asking for your Pi passphrase.
– Tax Compliance: Selling Pi may be taxable in your country. Keep records of your transactions for reporting.
– Start Small: Test the process with a small amount of Pi to ensure everything works smoothly.

Conclusion

Selling Pi Coin on Bybit in 2025 is now a possibility with the mainnet launch on February 20, 2025. By setting up a Bybit account, transferring your Pi, trading it for USDT, and withdrawing your funds, you can turn your mined coins into tangible earnings. Stay updated with Bybit’s listings and Pi Network’s developments to maximize your trading experience. Happy trading!

Hugo Greene

Disclaimer: The information presented here may express the authors personal views and is based on prevailing market conditions. Please perform your own due diligence before investing in cryptocurrencies. Neither the author nor the publication holds responsibility for any financial losses sustained.