How to buy PI coin? Picture and text tutorial on the operation steps of buying and selling PI coin

To purchase PI Coin, you can engage an over-the-counter (OTC) broker who facilitates peer-to-peer transactions.

Oct 22, 2024 at 03:48 am

How to Buy PI Coin

What is PI Coin?

PI coin is a new cryptocurrency that uses the Stellar blockchain's "consensus algorithm." This algorithm does not require miners to validate transactions, which makes it more energy-efficient than other cryptocurrencies like Bitcoin.Instead, PI coin users can earn coins by running the PI Network app on their mobile phones and by inviting new users to the network.

How to Buy PI Coin

PI coin is not yet available on any exchanges. However, you can still buy PI coin over-the-counter (OTC) from other users.Here are the steps on how to buy PI coin OTC:

1. Find a reputable OTC broker. There are a number of OTC brokers that you can use to buy PI coin. However, it is important to do your research and find a broker that is reputable and has a good track record.
2. Create an account with the OTC broker. Once you have found a reputable OTC broker, you will need to create an account. This will typically involve providing some basic personal information, such as your name, address, and email address.
3. Fund your account. Once you have created an account, you will need to fund it with the amount of money that you wish to use to buy PI coin. You can typically do this using a bank transfer or a credit card.
4. Place an order to buy PI coin. Once your account is funded, you can place an order to buy PI coin. This will typically involve specifying the amount of PI coin that you wish to buy and the price that you are willing to pay.
5. Receive your PI coin. Once your order has been completed, you will receive the PI coin that you purchased in your account. You can then store the PI coin in your wallet or use it to make purchases.

How to Sell PI Coin

If you want to sell your PI coin, you can do so over-the-counter (OTC) through a broker. Here are the steps on how to sell PI coin OTC:

1. Find a reputable OTC broker. There are a number of OTC brokers that you can use to sell PI coin. However, it is important to do your research and find a broker that is reputable and has a good track record.
2. Create an account with the OTC broker. Once you have found a reputable OTC broker, you will need to create an account. This will typically involve providing some basic personal information, such as your name, address, and email address.
3. Deposit your PI coin into your account. Once you have created an account, you will need to deposit the PI coin that you wish to sell into your account. You can typically do this by sending the PI coin from your wallet to the broker's wallet address.
4. Place an order to sell PI coin. Once your PI coin has been deposited into your account, you can place an order to sell PI coin. This will typically involve specifying the amount of PI coin that you wish to sell and the price that you are willing to accept.
5. Receive payment for your PI coin. Once your order has been completed, you will receive payment for your PI coin in your account. You can then withdraw the funds from your account to your bank account or use them to make purchases.