How to Buy Pi Coin in India
In the realm of cryptocurrencies, the Pi network is an unusual example. Despite receiving a lot of interest and attention, it is not available anywhere. The Pi coin is currently only available through mining, and so you cannot buy Pi Coin in India or anywhere else as of yet as it has not yet been listed on any cryptocurrency or non-crypto exchange.
The Pi coin has a large following despite not having a price yet; the project’s straightforward idea and strong technological base have already drawn quite a few cryptocurrency aficionados. The Pi network has a vibrant community that has stuck around despite the recent crypto crash, and its user base is constantly expanding.
How Can I Buy Pi Coin in India?
You must register for an account with a cryptocurrency exchange in India in order to trade or sell Pi coins. Despite India’s rough stance on cryptocurrency exchange that leave many in the dark, you may purchase Pi coins and trade them for any other cryptocurrency on multiple exchanges.
To keep track of PI transactions, you may also download the Pi coin wallet app from the Google Play store. However, as PI is still in the testing stage, purchasing it is not an option. In the third phase, when Pi transitions to a fully decentralized blockchain, users who have mined Pi can transfer or withdraw their money.
When the Pi Network opens up and releases to the public, which should be sometime between mid-2022 and 2023, you will likely be able to purchase it on multiple crypto exchanged as the crypto coin is especially popular in India due to its simplified, cheap, and convenient mining ability.
If you’re wondering where to buy Pi Coin in India, it involves five steps. After the account has been opened, it must first be registered. Before individuals can start investing in Pi Coin, they must first complete the KYC procedure, Google 2-Step Verification, and provide bank information.
Can I Buy Pi Coin in India with Regular Money?
Many cryptocurrency exchanges are accepting fiat currency directly. However, some may require you to first purchase a stablecoin such as USDC or USDT and then use that stablecoin to purchase cryptocurrency. BuyUcoin, one of India’s leading crypto exchanges, will allow you to buy Pi Coin in India using the local currency.
Best Cryptocurrency Exchanges in India
- BuyUCoin
- Binance India
- WazirX
- CoinDCX
- CoinSwitch Kuber
- UnoCoin
- Bitbns
Since the network is still in its second phase of testing, the price of PI in India at the moment remains unknown and cannot be accurately predicted. Users will be able to exchange it when Phase 3 is released, just like any other currency.
Based on Pi Network’s performance, it is anticipated that the currency would start off with a relatively low value compared to the USD and gradually climb over time as the adaptation rate rises. Based on the statistics, it is anticipated that the PI coin would significantly alter the cryptocurrency landscape.
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