What is Pi coin?
What is Pi Coins? A Beginner’s guide to and mining for free in India! Nicolas Kokkalis and Chengdiao Fan, two Stanford University researchers, founded Pi Network. They began developing it in 2018 to make a digital currency for everyday people. Unlike Bitcoin, Pi Coin doesn’t require energy-intensive mining—it can be mined with a single tap on your phone. However many people are curious about what is the value of Pi coin in today’s market. Here are some Value of Pi coin
USD: 1 PI =$1.944866
INR: 1 PI = ₹0.18
CAD: 1 PI = CA$2.55
GBP: 1 PI = £1.38
JPY: 1 PI = ¥265.43
BRL: 1 PI = R$10.85
EUR: 1 PI = €1.67
*(Values can be changed)
How to Mine Pi coins?
Here are the steps to be follow;
Step 1: Download the Pi Network app from playstore
Step 2: Sign Up with the required informations
Step 3: There you will see mine button click on it and start mining.
Step 4: By referral to your friends and family you can earn more
Before Selling Pi Coins: Key Requirements You Must Meet!
Before selling Pi coins you must complete all the essential Requirements given by Pi network.
Requirement 1: Verify your identity through the Pi Network’s KYC process
Requirement 2: Migrate your Pi coins to the Mainnet
Requirement 3: Set up and secure your Pi wallet
Requirement 4: Ensure they have access to your wallet’s private keys
After completing following Requirements now you can Sell your coins
Step-by-Step Guide to Selling Pi Coins Safely
Step 1: Choose the platform where Pi coin is listed. Compare all the Factors such as Security, Fees etc.
Step 2: Create and Verify your Exchange from the platform you choose. Documents may required ( Your personal information, Government issue IDs, Address proof etc).
Step 3: Transfer your coins to the Exchange by login into your Pi wallet then copy your Exchange Deposit Address then initiate the transfer.
Step 4: Place Your Sell order by Navigating to the Pi trading pair then Enter the amount of coins you want to sell and then confirm your transaction.
Pros and Cons of Pi coins
Pros
1. Pi coins are free to mine. You don’t have to buy any expensive equipment or spend any money. Just install Pi network App and start mining.
2 .Pi coins are easy to use you just a mobile phone unlike Bitcoin that need powerful computers
3. Large community of people Showing interest and using Pi network to Mine Pi coins.
Cons
1. Pi coins have Uncertain future, since its in developing stage so future value is unpredictable.
2. Privacy concern as Pi app collect users information So some people are worried how that information is used.
Pi coin vs Bitcoin: What’s the difference
1. Mining process: Bitcoin required powerful and complex computers that solve complex math problem for verification and Pi coins does not required any computer and electricity just One tap and you start mining.
2. Accessibility: Bitcoin are hard to mine because it requires technical knowledge and expensive computers while Pi coins are more user friendly anyone having smart phone can mine it
3. Future potential: Future of bitcoins are already secure as it is widely used whereas Pi coin is in developing stage so its future is not secure yet.
Conclusion
Pi Coin is an innovative cryptocurrency that aims to make digital money accessible to everyone. Pi Coin can be mined for free using just a smartphone. Currently Biggest advantage of PI coin is that its risk free as mining of coins fully free. However as it is still in developing stage so its future can be uncertain. So you can try it as you are at no risk. Are you mining Pi Coin? What do you think about its future? Share your thought with Insights Journals
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