The Pi Network aims to make cryptocurrency mining accessible to everyone. While Pi Coin isn’t yet tradable on major exchanges, there are ways to convert it into USDT (Tether) using platforms like Pitether.
What Is Pi Coin?
Pi Coin is the native cryptocurrency of the Pi Network, which allows users to mine Pi via a mobile app with minimal energy consumption. Currently, Pi is in its enclosed mainnet phase, meaning it can’t be traded on exchanges like Binance or Coinbase yet.
Why You Can’t Withdraw Pi Coin Directly
Pi Coins cannot be freely traded until the Pi Network reaches its open mainnet. In the meantime, platforms like Pitether allow users to convert Pi into USDT, a stablecoin widely accepted on exchanges.
Step-by-Step Guide to Converting Pi Coin with Pitether
- Create a Pi Network Account
Download the Pi Network app and start mining Pi Coins by tapping the “Mine” button daily. - Use Pitether for Pi Conversion
Visit the Pitether website, log in, and connect your Pi Network wallet. - Convert Pi to USDT
Select the “Pi to USDT” option, enter the amount of Pi, and confirm the transaction. - Complete the Transaction
Review the transaction fees and confirm. Your USDT will appear in your Pitether wallet within minutes. - Transfer USDT to an Exchange
Log into your Binance or Coinbase account, copy your USDT wallet address, and transfer USDT from Pitether.
Benefits of Using Pitether
- Easy Conversion: Pitether simplifies the process of converting Pi to USDT.
- Seamless Transfers: Easily move your USDT to major exchanges like Binance.
- Maximizing Pi Value: Converting Pi to USDT allows you to use a stablecoin accepted across many platforms.
Things to Consider
- Transaction Fees: Always check the fees before confirming.
- Market Value: Pi’s value may fluctuate, so monitor its performance.
- Security: Only use trusted platforms like Pitether to avoid scams.
Conclusion
While Pi Network users can’t yet trade Pi on major exchanges, Pitether provides a reliable way to convert Pi to USDT and transfer it to exchanges like Binance. Following this guide will help you maximize the value of your Pi Coins and prepare for when Pi becomes more widely available.
