Have you BEEN thinking when you will finally buy a car of your own? Or even if you don’t need it for you, it can for your Spouse, Uber, or Bolt Business? Well, whatever the case may be, the good news is that? See below.
You don’t have to take a loan to buy a car. Something that can be termed a depreciating asset.
I mean, while we are in the digital age, the same law of value exchange exists. That is by giving what you must to get what you want.
And for you, if you have lots of Pi coins sited in your Pi wallet, then you do not need to overthink where to source for funds for a car purchase anymore, why?
Cause, today, you will learn how to easily buy a car in Nigeria using Pi coin tokens you either mined over a period or were purchased from Pi sellers/exchangers.
Requirements to Buy a Car in Nigeria Using Pi Coins Network
1. Model of the Car
First off, you need to determine the model of the car you need, and whether you want a new or used car before you start shopping.
By settling this upfront, you get to look out for the match you want. These will help you consider all the aspects and then settle for the one that meets your needs per time.
2. Pi in the Available Balance
To use your Pi tokens and get a car, the coins must be in your available balance. That is to say, the Pi coins has to be in the main Pi wallet balance.
Meaning, they must have been migrated to main net after passing KYC. When you do, then you are ready for Pi for Naira swap/transaction.
Kindly note – you can’t sell the Pi coins if they are in the test net wallet. So, make sure it is in the available balance.
3. Price of the Car
Here, you must determine how much money in Pi to Nigerian Naira worth is required to get the car model you need.
Well, a relative question is, how much do you really want to spend on a car? A good deal should be one you can easily pay off with your Pi tokens to Naira value.
I mean, since you are not borrowing, your choice of purchase should revolve around the type of car you want, so confirm the car model & worth before you swap your Pi for Naira.
4. Exchange for Naira
With your funds in the available Pi wallet and having known the exact price of the car you want to buy; you can go ahead and withdraw/sell your Pi tokens that qualifies the price of the car you want to get – to enable the purchase.
What is the Worth of Pi in Naira?
The real worth of Pi is not yet determined. What do I mean?
One of the reasons is that Pi is not yet officially available for trading even though listed on some global crypto market cap websites and exchanges like Huobi and the like.
If it does not sound too technical, the thing is, all the Pi listed and assumed to get traded on exchanges right now are on the “I owe you bases”, and not real Pi tokens.
An IOU (abbreviated from the phrase “I owe you” is an informal document acknowledging the value of a thing.
In essence, IOUs are nothing more than casual notes that people create to remind them they need to pay a debt “of a speculated value” on a future date.
Sometimes they include the party’s names (or company names), the value, the signature, and the date they were created.
However, as informal documents, IOUs do not include any information about the consequences of not paying or the specific dates that it should be paid.
Let’s see Pi value in Dollars.
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Let’s see Pi value in Naira on 3 different platforms.
Pi Rate on Coingecko
On Coingecko, you will observe that Pi is given the value of ₦50,000 (+ or _).
Now, if you look closely, YOU WILL SEE THIS “Please note that the Mainnet has not yet been launched, and the prices shown on certain exchanges are for IOUs that may not be transferable across exchanges. Please DYOR and proceed with caution”.
Going on…
Pi Rate on CoinMarketCap
If you check Coinmarketcap.com, you will see that Pi is valued at $39.56.
Now if you look closely, you will see this information “Please note that mainnet has not launched yet and the price displayed below for certain exchanges reflects the value of the IOUs and it may not be transferable across exchanges” 
The above means, the rate you are seeing does not hold any weight as it is ONLY speculative.
In essence, the Pi coin you own now is USELESS/VALUELESS (in the literal sense) because there is no official rate or platform to sell it for cash.
Lastly,
Pi Rate on Coinbase Exchange
On Coinbase, 1 PI is valued at NGN 3.73 per Pi. That is a 3.73/Pi coin.
This also is incorrect.;
By context – it is just like being promised a job but no official offer letter was issued. Meaning, that the job is not recognized.
Therefore, you can choose to keep your Pi for the next 10 years. It will still be USELESS until there is an official platform to sell it off.
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Want more info on the real Pi price? If yes, please see the video below.
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Moving on. The good news?
At fnfSwap Freelance, you sell your Pi at the best value for the efforts of mining the coin over time.
To sell your Pi now at our highest rate, follow the steps below, or join our Pi for Naira community here 🫂.
How to Pay for a Car Using Pi Tokens
Selling your Pi coins with fnfSwap to buy a car is the most secure and 100% assured way to go “if and only if (iff)” – you want to Safely Sell Pi Coin for Naira sent to your Bank account in Nigeria without being Scammed so you can purchase your car safely.
1. Exchange Pi for Naira
The first step to take as you purchase your car with Pi Cryptocurrency is to sell the Pi coins for Naira.
I mean, since there is no official Pi marketplace to make purchases, and you are paying Naira, you need to first, of all, sell the Tokens for Naira. I hope you get the point.
2. Locate a Car Stand
With the Pi coins exchanged to Naira already, go ahead and hire a mechanic to go with you to a car stand. Look around and make your choice and ask the mechanic to checkmate everything.
If satisfied, it is time to make payment for the car.
3. Pay for the Car with Pi coins
Having decided the model and agreed on the price of car, it is time to make payment and get your car.
To make payment, simply make bank transfer of the Pi coins you exchanged for Naira to the car dealer. That is all. And when payment is made, get your receipt, and go with your new car purchased using Pi coins.
Ready to buy a car with Pi coins? If yes, then sell it below for Naira and start the process.
Pi Network Community In Nigeria
Should You Buy a Car with Pi Coins?
Yes, with the following reasons.
- You can pay off the Car purchase in full.
- You are getting good ROI of your Pi coin investments.
- You will be happy you invested time, and resources in Pi tokenomics.
Alternative To Pi Cryptocurrency in Nigeria
There are many cryptos like Pi tokens, some of them are listed as follows.
- Bitcoin
- Ethereum
- Tether
- XRP
- Solana
- USDC
- Cardano
- Dogecoin
Over To You:
Have you bought a car using a Pi coin in Nigeria before? If yes, let’s know your experience so far. Thank you.
Don’t just take our words for it. See below 💬
FAQ about Where to Sell Pi Coins in Nigeria
Can I buy a car in Nigeria using pi network?
Yes, you can. All you need to do is exchange the car worth of Pi to Naira and use the proceeds to buy the card.
Is there a Shop that accepts pi coin inn Nigeria?
Currently, there is none.
Who Created Pi Network?
Pi Network was founded in 2018 by two Stanford University academics, Nicolas Kokkalis and Chengdiao Fan, with a whitepaper and app coming on 14 March the following year.
What is the Value of Pi?
As Pi can’t yet be traded, it currently holds no value, said Susannah Streeter, senior investment, and markets analyst at Hargreaves Lansdown. Would you want to bank on this information This is left for you – at your discretion.
What is the Value of Pi in Nigeria?
The Nigerian Black-market value of Pi ranges from ₦290 per Pi to ₦300+ per Pi token.
See also – How To Sell Pi Coin in Nigeria High Rates & Avoid Scams
Is Pi Network legitimate or a scam?
Many experts think it is too early to determine this. Why? Because, as with all new cryptocurrency and digital coin projects, it’s difficult to know for sure whether it’s legitimate or a scam.
According to Ms Streeter, “be careful about handing over more personal data than you’re comfortable sharing. The app is also built on “highly nascent and unproven technology.”
She said: “Although lofty promises are made there is zero guarantee this network will have a future.
“It is far too early to tell if the coins being earned will be worth anything.
“Because of this users should be wary of committing too much time to the app and be happy with the level of personal data they are handing over.”
What is the all-time high of Pi?
So far, the all-time high of Pi since it was launched. Stands at $330.65. You can monitor the rate here.
