Introduction

Pi Coin is the native cryptocurrency of the Pi Network, a blockchain project that aims to make digital assets accessible to everyday users. Launched in 2019 by a team of Stanford graduates, Pi Network introduced a mobile mining mechanism that allows users to earn Pi coins. The project gained traction rapidly, amassing millions of users worldwide due to its innovative approach and user-friendly mining process. However, Pi remained in its enclosed mainnet phase for several years, meaning the coin was not yet tradable. The much-anticipated open mainnet launch is expected to enable Pi holders to transfer and trade their assets freely, marking a significant milestone in the project’s evolution. Until then, certain exchanges have listed Pi under an "IOU" model, allowing speculative trading on its future value while awaiting full integration with the blockchain's open ecosystem.

OKX on the other hand, is a globally recognized cryptocurrency exchange known for its advanced trading features, strong security, and diverse range of digital assets. The exchange offers spot trading, derivatives, staking, and decentralized finance (DeFi) services, making it a preferred choice for both novice and professional traders.

This user guide will show every user step-by-step to follow in buying your pi coin on the OKX Exchange.

Contents

• Create an OKX Account

• Get Verified on OKX (KYC Verification)

• Fund Your Account

• Place a Buy Order for Pi Coin

A Step-By-Step Guide to Buying Pi Coin

For everyone who plans to buy the Pi coin, this guide will show you the simple ways to do so. In few minutes, you will have Pi coins in your wallet. Let's go!

Step 1: Create an OKX Account

To get started, download the OKX app or go to the official OKX website. Register using your email or phone number, set up a secure password, and complete the verification process by entering the OTP sent to your Gmail or Yahoo Mail.

Step 2: Get Verified (Pass KYC Verification)

Sign in to your OKX account, go to your profile, and select "Identity Verification." Upload the necessary documents, typically a government-issued ID, take a selfie for facial verification, and provide your personal details. Once submitted, allow some time for the approval process to be completed.

Step 3: Fund Your OKX Account

Add funds to your account, through the DEPOSIT section, by choosing a deposit method that works best for you. You can transfer cryptocurrencies like USDT, USDC, or BTC, or use fiat options such as bank transfers, P2P, or PayPal. Simply go to the "Deposit" section and select your preferred payment method.

Step 4: Place a Buy Order for Pi Coin

From the homepage, select the "Trade" option. In the trade section, select the buy button, use the dropdown menu to choose Pi Coin (Pi) - and enter the desired purchase amount. Tap "Preview" to review your order, then finalize your transaction by tapping the "Buy" button. And you are all set!

Conclusion

Buying Pi Coin on OKX Exchange is a simple and straightforward process. By following the steps outlined in this guide, you can easily create an account, complete verification, deposit funds, and purchase Pi Coin securely. As the Pi Network continues to evolve, staying informed about updates and exchange policies will help you make the most of your investment. Always trade responsibly and ensure you receive your USDT or USDT in your wallet and confirmed before you close a seller's chat during the 3rd step.

FAQs About Buying Pi Coin on OKX

• Is Pi Coin officially listed on OKX?
  Pi Coin is currently available on OKX, but it is often traded under an "IOU" model, meaning it represents a speculative value until the Pi Network’s open mainnet launch. Always verify the latest exchange updates before trading.

• How do I deposit funds to buy Pi Coin on OKX?
  
  You can deposit funds using cryptocurrencies like USDT, USDC, or BTC, or through fiat options such as bank transfers, P2P trading, or PayPal. Simply navigate to the "Deposit" section and select your preferred method.

• Do I need to verify my identity to buy Pi Coin on OKX?
  Yes, OKX requires users to complete identity verification by submitting a government-issued ID, taking a selfie for facial verification, and providing personal details. This ensures security and compliance with regulations.

• Can I withdraw Pi Coin from OKX to my Pi Network wallet?
  Since Pi Network is still in its enclosed mainnet phase, withdrawals to external wallets may not yet be available. Always check OKX’s withdrawal policies for updates on Pi Coin transactions.

• Is it safe to buy Pi Coin on OKX?
  
  OKX is a reputable exchange with strong security measures. However, since Pi Coin is not yet fully integrated into open blockchain trading, investors should be cautious and stay updated on official Pi Network announcements.

DID YOU FIND THIS POST IMFORMATIVE OR HELPFUL?
Kindly leave us a comment below, your input will help us refine our content and provide more value to our readers. We appreciate your engagement and look forward to hearing from you!