How to Sell Pi Coin in Canada: A Complete Guide for 2025

Last updated: 11/07/2025 11:00

Pi Network is a popular cryptocurrency project that allows users to mine Pi coins for free with their mobile devices. It has certainly taken the crypto world by storm. After multiple delays to the Pi Network mainnet launch, first scheduled for 2024 and then pushed back to 2025, the wait was finally over in this Feb.

Following the highly anticipated launch, many have been asking: when and how can I actually cash out? If you are interested in selling your Pi coins in Canada, read on. We will provide detailed information about the methods and platforms available for selling Pi coins, along with an essential step-by-step guide.

Pi Coin

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Table of Contents

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What is Pi Network?

PI2


Cryptocurrency	Pi Network
Token	PI2
Price	$ 0.4411 -0.33%
Rank	38
Market Cap	$ 3.0B
24H Trading Volume	$ 64.7M
All-time High	$ 2.9754
All-time Low	$ 0.1645
24 High	$ 0.2288
24 Low	$ 0.2250
Cycle High	$ 0.2921 / 2025-10-27 07:50:00
Cycle Low	$ 0.1645 / 2025-10-10 21:20:00
Update Time	2025-11-19 13:19:02

Pi Network is a blockchain-based project designed for mobile use, enabling users mine cryptocurrency through a mobile app. Launched in 2019 by Stanford graduates, Pi Network was created by a team of Stanford University graduates who aims to make crypto accessible to everyday people without specialized hardware or technical knowledge.

The native token of Pi Network is Pi coin, which can be mined in the app. Users can mine Pi coins effortlessly by tapping a button in the app once daily, unlike traditional cryptocurrencies requiring substantial computational power or staking.

Since its introduction, Pi Network has been one of the most talked-about projects in the cryptocurrency space. The project has attracted millions of users across the globe, and while some view it as a promising new venture, others are skeptical of Pi Network’s legitimacy and consider it a scam.

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How Does Pi Network Work?

Pi Network utilizes the Stellar Consensus Protocol, distinguishing itself from Bitcoin’s energy-intensive proof-of-work system. Users establish trust circles by nominating 3 to 5 reliable contacts, thereby creating an interconnected web of verified members. These connections form a global trust graph that enhances network security and facilitates transaction validation without the need for extensive computing power.

Unlike other cryptocurrencies, the mining process in Pi Network does not involve solving complex mathematical problems, but instead focuses on user engagement and network growth. Users contribute to the network’s security and integrity by verifying transactions and inviting new members. This method makes the process accessible to a broader audience and encourages a sense of community among users.

Users typically experience a straightforward mining process that they can initiate through the app. The simplicity of this mechanism plays a vital role in attracting newcomers to the world of cryptocurrency.

Users need to log into the app daily to mine Pi coins.
They can boost their mining rate by inviting friends to join.
The app provides a user-friendly interface for monitoring mining activity.
Users can track their progress and view their total earnings.
The system is designed to be sustainable and energy-efficient.

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Key Features Of Pi Network

Pi Network centers on four key roles: Pioneer, Contributor, Ambassador and Node Operator.

Pioneer: This is the primary role where you mine Pi by tapping the “Lightning” button daily.
Contributor: The role allows mining at a higher rate by completing three to five “Mining Sessions” — daily logins — and providing a list of trusted pioneers to add to your “Security Circle.”
Ambassador: Inviting new users with your code can earn up to a 25% boost as a mining bonus for each person who signs up.
Node: This role involves running the Pi node software on your computer, which is currently being tested to serve as an open-source validator for the community.

The network doesn’t require expensive mining equipment or high energy consumption. Instead, it uses a consensus mechanism based on member trust relationships. Users can mine Pi coin with just a smartphone, making cryptocurrency accessible to people regardless of their technical knowledge or financial resources.

Is Pi Coin Legit?

Since launching in March 2019, Pi Network has grown to over 60 million registered users, making it one of the largest cryptocurrency communities by participation. With its open mainnet launch, Pi Network has sparked one of cryptocurrency’s most heated debates: Is this a revolutionary mobile-first blockchain or an elaborate scheme disguised as innovation?

Pi Network delivers on its core promise—a mobile-friendly cryptocurrency mining experience accessible to everyday users. The project has legitimate founders, working technology, and genuine user engagement. It’s not a traditional scam designed to steal money.

While the Pi Network is generally thought of as a safe-to-use app, there are no external audits to support this. That’s said, Pi Network isn’t a traditional scam, but it faces significant legitimacy concerns that every potential user should understand. The lack of extensive reviews by the Pi community of the project’s code and security systems raises concerns about its true safety. Without independent audits, it’s hard to say how secure the app truly is.

The centralized token distribution, controlled infrastructure, and MLM-style growth model create legitimate concerns about long-term sustainability and user benefit. Pi Network occupies a gray area between innovation and opportunism. In conclusion, it’s a legitimate project with questionable design choices rather than an outright fraud.

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What you Should do Before Selling Pi Coin in Cananda?

Before selling Pi Coin in Canada, users must complete three essential steps: KYC verification, mainnet migration, and wallet setup. These steps ensure that Pi Coins can be transferred and traded on exchanges.

Complete Pi Network’s KYC Verification

Pi Network mandates KYC verification to confirm user identities prior to permitting transactions on the mainnet. Without completing the KYC process, Pi Coins remain locked and cannot be transferred or sold. To initiate the KYC procedure, users should open the Pi Network app and navigate to the KYC section within the settings.

They are required to submit identification documents such as a passport, national ID card, or driver’s license; complete facial verification; and subsequently submit their application for review. Once verified, users may proceed with migrating to the mainnet. Those who do not complete KYC within the specified timeframe risk losing access to their mined Pi Coins.

Migrate Pi Coins to the Mainnet

Pi Coins mined prior to the launch of the mainnet exist on a testnet and must be migrated before they can be sold. This ensures that only verified users who have completed their KYC can transfer and trade Pi Coins. To migrate their coins, users need to open the Pi Network app and access the Mainnet Checklist.

They must verify that their KYC has been approved, enable migration options, and link their Pi Wallet to the mainnet. After confirming their migration request, users will need to wait for blockchain confirmation. It is imperative that migration is completed before any deadlines set by Pi Network in order to avoid losing untransferred coins.

Set Up & Secure a Pi Wallet

A Pi Wallet is necessary for receiving, storing, and transferring Pi Coins; it also serves as a gateway for moving these coins onto an exchange for trading purposes. To establish a new wallet, users should download the Pi Browser app and select “Pi Wallet.” Following this step involves creating a new wallet where they will generate a private key—this key along with its recovery phrase must be securely stored in order to prevent loss of funds.

For additional security, it is also recommended that you enable multi-factor authentication (MFA). A properly secured Pi Wallet ensures that Pi Coins remain safe from unauthorised access. Users must never share or store their private keys online. Once these prerequisites have been met, users can proceed to select an exchange and sell their Pi Coins.

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Where to Sell Pi Coin in Canada?

With the Pi Network’s open mainnet now live, many users are eager to convert their mined Pi Coins into tradable assets. However, Pi Coin’s availability remains highly restricted, particularly on mainstream trading platforms.

As of now, there are no verified decentralised exchange (DEX) listings or standalone P2P marketplaces dedicated to Pi. This limitation is largely due to Pi Network’s unique infrastructure, which operates on its own proprietary blockchain—not on Ethereum (ERC-20) or Binance Smart Chain (BEP-20).

What This Means:

You cannot swap Pi Coin on DEXs like Uniswap, PancakeSwap, or SushiSwap.
There are no official Pi liquidity pools on DeFi platforms.
Any website or DEX claiming to offer Pi Coin is likely a scam or an unverified clone.

Until Pi Coin is officially bridged to a widely adopted blockchain or integrated into DeFi ecosystems, access via decentralized platforms will remain unavailable.

Peer-to-Peer (P2P) Sales: Possible, But Risky

Unlike Bitcoin or stablecoins, there are currently no reputable P2P marketplaces dedicated to Pi Coin. While some individuals attempt to sell Pi informally via Telegram groups, Discord channels, or P2P platforms hosted by crypto exchanges, these methods are inherently risky.

Common Risks Include:

Lack of escrow protection, unless conducted through an exchange that offers it
No recourse if the transaction fails or the buyer disappears
High risk of scams due to the informal, unregulated nature of these deals

Unless you’re using a well-established platform with built-in escrow services and clear dispute resolution mechanisms, P2P transactions are generally discouraged—especially for larger sums.

Centralized Exchanges: Your Best Bet (For Now)

At present, the only relatively secure method to sell Pi Coin in Canada is through a small number of centralized exchanges. Platforms such as BTCC, OKX, Gate.io, and a few others have listed Pi trading pairs—typically paired with USDT (Tether).

Before trading, ensure the exchange:

Officially supports Pi Coin
Has reasonable liquidity for Pi/USDT pairs
Requires full KYC for secure transactions

As the ecosystem matures, broader support is expected. Until then, CEX platforms remain the safest and most accessible route for Canadian users looking to sell Pi Coin.

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How to Sell Pi Coin in Canada: An Ultimate Guide for 2025

The launch of the Pi Network mainnet is one of the most highly anticipated events in the cryptocurrency space. Set for February 20, 2025, this milestone signifies the network’s evolution from a closed testing environment to a fully decentralized and open blockchain ecosystem. As the open mainnet is opened, PI currently is available on crypto exchanges.

As the Pi Network mainnet goes live, trading Pi Coin in Canada just needs to follow a process similar to that of other cryptocurrencies. Below is a step-by-step guide to ensure a smooth transaction:

1. Complete KYC Verification and Migration

Before you can trade Pi Coin, you must successfully complete Know Your Customer (KYC) verification and migrate your coins from the enclosed mainnet to the open mainnet. Without this step, your tokens will not be transferable to external exchanges.

2. Select a Reliable Exchange

Currently, Pi coin is available for trading on several established cryptocurrency exchanges, such as BTCC, Bitget, OKX, Gate.io,etc. Each platform offers different trading pairs, fees, and features. When choosing an exchange, please consider factors such as liquidity, security measures, and user experience to ensure a seamless trading process.

3. Transfer Pi Coins to the Exchange

Personal information
Government-issued ID
Proof of address
Face verification

To deposit Pi Coin into your exchange wallet:

Open your Pi Network Wallet via the Pi Browser or mobile app.
Locate and select the “Send” option.
Copy the deposit address provided by your chosen exchange.
Paste the deposit address into your Pi Wallet and confirm the transfer.

4. Place a Sell Order

Once your Pi coins are successfully deposited into the exchange:

Navigate to the trading section and select a trading pair (e.g., PI/USDT or PI/BTC).
Choose between a market order (for an immediate sale at the current market price) or a limit order (to sell at a specific price).
Execute your order and wait for it to be fulfilled.

5. Withdraw Your Proceeds

After selling your Pi Coins, you can either hold your funds within the exchange or withdraw them:

Convert your earnings (e.g., USDT or BTC) into fiat currency if needed.
Follow the exchange’s withdrawal process to transfer funds to your bank account or an external crypto wallet.

6. Monitor the Market

As crypto market is quite volatile, Pi Coin is much likely to see massive price fluctuations. Stay informed about market trends and adjust your trading strategy accordingly. Utilize exchange tools, charts, and analytics to determine the optimal timing for your trades.

Security Tips:

Always double-check deposit and withdrawal addresses.
Enable two-factor authentication (2FA) for enhanced security.
Follow official Pi Network announcements to avoid scams and fraudulent activities.

By following these steps, you can effectively trade Pi Coin and navigate the post-mainnet market with confidence.

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Key Considerations When Selling PI in Canada

Selling Pi Coin in Canada can be a profitable endeavor, but it requires a careful approach. Selling Pi Coin in Canada involves navigating market volatility, security risks, and regulatory requirements. Understanding these factors is essential for protecting your assets and maximizing potential returns.

Market Volatility

As an emerging cryptocurrency, Pi Coin is subject to significant price fluctuations driven by supply and demand dynamics, investor sentiment, and broader market trends. These fluctuations can result in sharp, unpredictable price movements, making timing a critical factor when deciding to sell.

To make informed decisions, users should monitor real-time price charts on reputable exchanges and analyze historical trends to identify key support and resistance levels. Avoiding emotional or panic selling during temporary price corrections can help minimize losses—unless immediate liquidity is needed.

Security Measures

Conducting crypto transactions online or through exchanges exposes users to various security threats, including fraud, phishing, and hacking. Implementing strong security practices is crucial.

Two-Factor Authentication (2FA): Always enable 2FA for logging in, withdrawing funds, and making account changes. Instead of relying on SMS-based verification—which is vulnerable to SIM-swapping attacks—use an authenticator app such as Google Authenticator or Authy for stronger protection.
Platform Verification: Only trade Pi Coin on verified, reputable exchanges. Be cautious of unsolicited messages or offers from individuals claiming to buy Pi Coins, as these are often scams.
Address Accuracy: Always double-check the recipient’s wallet address before confirming any transaction. Cryptocurrency transfers are irreversible; sending Pi Coin to the wrong address will result in a permanent loss of funds.
Ongoing Vigilance: Regularly update your passwords, review your exchange’s security settings, and stay informed about emerging threats in the crypto space to ensure continued protection of your assets.

Liquidity

Even if your Pi tokens are unlocked and stored in a compatible wallet, liquidity remains a critical challenge for traders. Currently, Pi is not listed on leading exchanges such as Binance or Coinbase. Instead, trading activity is largely concentrated on smaller platforms like OKX and Gate.io.

Low-liquidity environments can create several obstacles:

Difficulty executing trades at desired prices – With limited market depth, you may struggle to sell your tokens at the price you want.
High slippage risk – Large sell orders can quickly push the price downward, reducing your overall returns.
Restricted market participation – Fewer active buyers and sellers make it harder to execute larger trades efficiently.

Before attempting to trade, it is essential to:

Confirm mainnet support – Ensure the exchange is offering real mainnet Pi, not placeholder or IOU tokens.
Evaluate trading volume – Verify whether daily liquidity is sufficient for the size of your intended transactions.
Assess withdrawal options – Check if the exchange allows seamless withdrawals to external wallets, as some may impose restrictions.

Until Pi gains listings on larger, more liquid exchanges, participants should exercise caution and carefully plan their trades to avoid unnecessary losses.

Regulatory Compliance

Cryptocurrency regulations vary significantly by country, and Canada is no exception. Regulatory oversight may include tax obligations, KYC (Know Your Customer) requirements, and restrictions on crypto-to-fiat conversions.

Know the Laws: Canadian users should stay informed about local cryptocurrency laws and regulations. In many cases, converting Pi Coin to fiat currency may trigger tax reporting requirements.
Use Regulated Platforms: Choosing a crypto exchange that complies with Canadian financial regulations reduces the risk of account freezes or blocked withdrawals due to banking compliance issues.
Tax Reporting: If required by law, report all capital gains or income generated from Pi Coin sales to the Canada Revenue Agency (CRA) to avoid penalties and ensure full compliance.

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Conclusion

Pi Network represents an innovative approach to cryptocurrency that emphasizes accessibility over technical complexity. Through its mobile mining application, trust-based security system, and expanding ecosystem of applications, Pi aims to introduce cryptocurrency to everyday users without the barriers posed by expensive hardware or high energy costs.

The cryptocurrency market carries inherent risks, including price volatility, technical vulnerabilities, and evolving regulations. While Pi Network has been listed on established cryptocurrency exchanges, users in Canada should exercise caution when selling Pi coins.

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Why Choose BTCC?

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Name	BTCC
Launched	06/2011
Website	https://www.btcc.com/
Blog	https://www.btcc.com/blog/
Twitter	https://twitter.com/BTCCexchange
Maker Fees	0.03
Taker Fees	0.06
Perpetual Trading volume(24h)	$ 33.4B
Perpetual Trading Pairs	240
Spot Trading volume(24h)	$ 1.6B
Spot Trading Pairs	383
Fiat Supported	CAD, KRW, TWD, EUR, USD, JPY, ALL, DZD, AOA, ARS, AMD, AWG, AZN, BSD, BHD, BDT, BYN, BZD, BAM, BWP, BRL, BND, BGN, BIF, CVE, KHR, CLP, COP, KMF, CDF, XAF, NZD, CRC, CZK, DKK, DJF, XCD, DOP, EGP, ERN, ETB, FKP, FJD, GMD, GEL, GIP, GTQ, GBP, GYD, HNL, HUF, ISK, IDR, IRR, IQD, ILS, JMD, JOD, KZT, KES, KWD, KGS, LAK, LBP, LRD, LYD, MOP, MGA, MWK, MYR, MVR, MRU, MUR, MXN, MDL, MNT, MAD, MZN, NPR, NGN, NOK, OMR, PKR, PAB, PYG, PEN, PHP, PLN, QAR, MKD, RON, RUB, WST, SAR, RSD, SGD, SBD, ZAR, SSP, LKR, SDG, SRD, SZL, SEK, TJS, TZS, THB, XOF, TOP, TTD, TRY, TMT, AUD, UGX, UAH, AED, VUV, VND, XPF, YER, ZMW, ZWL
Update Time	2025-11-19 16:10:01

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