A Simplified Guide to Selling Pi Network Coin in Nigeria

A Simplified Guide to Selling Pi Network Coin in Nigeria

The Pi Coin is an innovative and popular digital currency that exists solely in virtual form, meaning it cannot be stored physically. Introduced in 2018 by Nicolas Kokkalis and Chengdiao Fan, it is celebrated as the first cryptocurrency that can be mined using a mobile phone.

Through the Pi Network’s official website, minepi.com, users can begin mining Pi with an energy-efficient mobile app. This cryptocurrency aims to make blockchain technology more accessible to everyday people, marking a significant step in global cryptocurrency adoption. The Pi Network’s blockchain protocol was specifically designed to allow mining on mobile devices, simplifying the process for the average user.

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If you’re curious to learn more about the Pi Coin—its origins, mining structure, roadmap, and token supply—you can explore detailed guides available online.

Essentials for Selling Pi Coin in Nigeria

To sell your Pi Coin for Naira, certain steps and tools are required:

1. Download the Pi Browser App

First, ensure you have the Pi Network mobile app for mining. Then, download and set up the Pi Browser app, which is essential for accessing your wallet and conducting transactions.

2. Transfer Coins to the Available Balance

Before you can sell Pi, your coins must be moved to the “available balance” in your Pi wallet. This step requires passing the Know Your Customer (KYC) process and migrating the coins from the test net to the main net wallet.

Note: Coins in the test net wallet cannot be sold. Ensure they are fully migrated to the main wallet.

3. Exchange Pi for Naira

Once your coins are in the main wallet, you can transfer the desired amount of Pi and exchange it for Naira.

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How to Transfer Pi Coins to Your Wallet Balance

If your available balance still shows zero after passing KYC and migrating to the main net, follow these steps to move your coins:

1. Open the Pi Browser
   Launch the app and click on the Pi wallet icon.
2. Unlock Your Wallet
   Use your 24-word passphrase or fingerprint (if enabled) to access your wallet.Caution: Never share your 24-word passphrase with anyone.
3. Initiate Migration
   Check your balance under “History,” where you’ll see two amounts: a locked balance and an unlocked one. Only the unlocked balance is transferable.
4. Move Unlocked Pi Tokens
   Click the “Move” button for the unlocked tokens, and confirm the migration to transfer the coins to your available balance.
5. Verify Transfer
   After completing these steps, your migrated Pi will reflect in your available balance.

What is the Value of Pi in Naira?

The exact value of Pi remains uncertain. This is because Pi is not yet officially available for trading, even though it is listed on some global cryptocurrency platforms like Huobi.

Currently, any trading of Pi tokens operates on an IOU (I Owe You) basis, meaning transactions are essentially promises to exchange real Pi tokens in the future once official trading is enabled. An IOU is simply an informal acknowledgment of value, with no guarantees about payment terms or timelines.

While Pi’s true value is still speculative, its accessibility and unique mining model make it an exciting prospect for the future of digital currencies.

Click to Sell your Pi at Enems Exchange