Easily see how to Sell your Pi Network Coin in Nigeria.
The Pi coin is the new and buzzing digital currency. It does not exist in physical form and hence cannot be stored physically.
Created by Nicolas Kokkalis and Chengdiao Fan in 2018, and best known for being the first digital currency you can mine on your phone.
On their official website at minepi.com, you are told that you can start mining Pi cryptocurrency today with their free, energy-light mobile app, and there you go, you have your digital assets.
In a real sense, it is the first digital currency for everyday people, representing a major step forward in the adoption of cryptocurrency worldwide.
With the emergence of the Pi Network in 2018, and with the blockchain protocol designed so anybody could mine Pi on their mobile devices.
Should you want to learn more about the Pi Coin – when it was launched, 4 Parties in Pi Coin Mining, the road map, and Pi – Token Supply, click and open the page 📄 stacks to read all.
As you would guess, to manage and sell Pi Coins, you need a Pi coin wallet which is fully verified. Let’s see all the requirements below.
Requirements to Sell Pi Coin in Nigeria
1. Download the Pi Browser App
Of course, before you mine a Pi coin, it is expected you have the Pi mobile app. Nonetheless, the first step is to download the Pi Browser app and get it fully set up.
2. Get your coins into the Available balance
The next step is to have Pi coins in the main Pi wallet balance. Meaning, that they must have been migrated to the main net after passing KYC. When you do, then you are ready for Pi for Naira swap/transaction.
Note – you can’t sell the Pi coins if they are in the test net wallet. So, kindly make sure it is in the available balance.
3. Ready to sell for Naira Cash
With your Pi funds in your main wallet, next is to transfer the amount of Pi you want to sell and get Naira. That is all.
Just in case you’ve successfully passed KYC and your coins migrated to the main net wallet, and yet your available balance is still showing 0.0 Pi volume.
Follow the steps below to easily move the Pi to your available balance.
How To Move Pi Coin to Wallet Balance
1. Launch the Pi Browser
Open your Pi browser, and click the Pi wallet icon to get started.
See the Pi wallet icon below.
2. Unlock Your Wallet
Go ahead and enter the 24-word passphrase to unlock the wallet. Alternatively, you can unlock the wallet using your fingerprint (if you had it enabled before now).
Note: (DO NOT EVER SHARE YOUR 24 WORD PASSPHRASE WITH
3. Migrate the Funds
Look and you will notice that the Pi has been migrated, but they are not available. And under History, you’ll notice two balances.
One is locked (with a locked padlock) and the other is unlocked (with an open padlock) It’s only the unlocked balance you can transfer. See the image below.
Now, go ahead and click “Migration”.
4. Move the Unlocked Pi Tokens
Remember that you can only migrate the unlocked 🔓 Pi tokens. So, go ahead and click the ‘Move’ button.
Then click ‘Confirm’ to move your coins to your available balance.
5. Pi Moved to Available Balance
With the steps above, your Pi will have been successfully moved and will now appear in your available balance as shown below.
That is all.
Now, let’s see how to swap your Pi coins for Naira ASAP.
How To Safely Sell Pi Coin for Naira in Nigeria without Being Scammed
Going down you will see how to successfully sell your Pi Coins with fnfSwap without getting scammed off your hard-earned/mined Pi coins.
And in case it’s your first time hearing of fnfSwap. fnfSwap is a digital freelance service led by Isuamfon Offiong.
They have been serving digital entrepreneurs for more than a year now. You can see clients’ words here, and other services offered.
Therefore, selling your Pi coins with fnfSwap 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. Follow the steps below to do that.
1. Launch and Open your Pi Browser
To send the Pi coins, open your Pi browser app, and click on Pi wallet to launch it.
2. Unlock Pi Wallet
Having clicked on Pi Wallet to open it, select Pi wallet.pi.
From here, you will be prompted to unlock your wallet by entering your Pi wallet Passphrase. Do this and move on.
3. Click on Pay/Request
Having unlocked the wallet, here, you will see two Pi balances. Now, the one that is transferable or withdrawable is the “available balance”.
Also, the dashboard must show “Pi Mainnet” and not “Pi TestNet”. Let’s move on.
Go ahead and click on “Pay/Request”.
4. Click on Manual Add Wallet Address
With everything set, select “Manual Add Wallet Address” to enter the Pi wallet address we will give to you.
5. Enter the Amount of Pi for Sale
Go ahead and enter the amount/volume of Pi you want to sell to us.
6. Enter Recipient Address
Upon entering the amount, enter the PI wallet address we gave to you. Just copy and paste.
To be sure, confirm the first and last digits of the Pi wallet that it corresponds to what we gave you.
## Send the Pi Tokens
Upon entering and confirming the wallet address, go ahead and “click on Confirm”.
From here, we will receive it and give you Naira in exchange.
7. Get Naira sent to your Bank Account. 🏦
After sending the Pi tokens to us, kindly go back to the transaction history, select the particular transaction you just did, and screenshot it to us for confirmation.
Next, drop your Nigerian bank details, and the equivalent amount of Pi per Naira as was agreed will be sent to your bank account in less than 30 minutes.
And guess what?
You also get USDT (crypto) in exchange for your Pi coin Tokens
That is how to easily sell your pi coin in Nigeria and get Naira to your bank fast 🏦
Ready to Sell your Pi Coins and get Naira fast? If yes, click below to get started.
What is the Pi Worth in Naira?
Truth is, the real worth of Pi to Naira 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 basses”, and not real Pi tokens.
In simple terms, the rates being offered by buyers and sellers are black market rates for the actual Pi minted through the Pi Network mobile app driven by the influence of the market forces in China, Vietnam, Korea, Nigeria etc. where Pi is being used for everyday transactions and speculative investment.
The Pi coin worth in Naira by local Pi vendors is approximately ₦210/$ while the worth is ₦260 and close to ₦300/Pi with a Pi merchant like fnfSwap. The final rate being based on the volume of Pi tokens to be sold. That is to say, the more the volume, the more the rate per Pi in Naira.
How To Avoid Being Scammed by Local Pi Traders
With so many illegal and scamming Pi coin buyers out there at outrageous rates (mostly on Twitter), it is only wise/advisable to do thorough research (DYOR) about the credibility of any acclaimed local exchanger.
But if you want to avoid any form of uncertainty and trade your Pi coin for Naira and get money in real-time to your bank account, then you want to use fnfSwap Digital Freelance Service.
fnfSwap has done a series of Pi transactions for other Pi Coins traders, so, no fears about it. And it is pretty simple to get started with fnfSwap for Pi for Naira trading. See below.
- Meet the fnfSwap Team.
- Get the pi coin to naira price/volume list
- Initiate transaction/confirmation
- Get Naira sent to your bank account.
- Come back and give us a review and refer your friends & family.
Pi Coin Exchanges for Other Clients
Below are some of the transactions we have done for our clients. So, coming in now is joining the trend of successful Pi for Naira transactions we have carried out for our clients.
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And more…Get started below to sell your coins.
Understanding The Pi Coin Exchange Network
#1. The Pioneers.
A pioneer is a Pi user of the Pi mobile app who is simply confirming that they are not a “robot” daily. How? By validating their presence every time by signing in to the app.
#2. Contributor.
A contributor is a user of the Pi mobile app who contributes by providing a list of pioneers he or she knows and trusts to build a global trust graph.
#3. Ambassadors
These are users of the Pi mobile app who introduce other users to the Pi network.
#4. Node.
A node is a user who is a pioneer, a contributor using the Pi mobile app and is also running the Pi node software on their desktop or laptop computer.
Just to note, the Pi node software is the software that runs the core SCP algorithm, taking into account the trust graph information provided by the Contributors.
In summary, all roles are necessary for the Pi network, thus all roles are rewarded with newly minted Pi daily as long as they participate and contribute during that given day.
How To Withdraw Pi Coin in Nigeria
- Launch your Pi Browser
- Go to Unlock Pi Wallet
- Go to Pay/Request
- Go to Manual Add Wallet Address
- Enter the Volume Pi you want to sell
- Enter Pi Recipient Address
- Transfer the Pi Tokens to the recipient
- Confirm and Get Naira to your bank account.
Don’t just take our words for it. See below 💬
FAQ about Where to Sell Pi Coins in Nigeria
Is Pi Coin Real or a Scam?
Yes, it is real.
The thing is, while Pi is a genuine effort by a team of Stanford graduates to give everyday people greater access to cryptocurrency, no one can guarantee that any project will succeed without efforts and mass adoption of such.
However, the Core Team is committed to working their hardest along with all Pioneers to make our shared dreams a reality, while maintaining the highest standards of integrity.
You can learn more about the “Core Team” on the Team page on their website.
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 ₦200 per Pi to ₦300+ per Pi token.
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.
Credits: A Few Images – Nairaland | Whitepaper – minepi.com