What is Pi Coin?
Pi Coin is the native cryptocurrency of the Pi Network, a decentralized platform launched in 2019. Pi Network was created with the goal of making cryptocurrency accessible to everyone, allowing users to mine Pi using mobile devices. Unlike Bitcoin and Ethereum, which require powerful hardware and significant energy, Pi Coin can be mined on the phone with low energy consumption.
As of now, Pi is in its enclosed mainnet phase, meaning it isn’t publicly tradable on exchanges, and its value is speculative. However, there’s a lot of community interest surrounding Pi Coin’s potential once it becomes fully operational.
1 Pi Coin Value in Indian Rupees in 2024
As of now, Pi Coin does not have an official value because it has not been listed on cryptocurrency exchanges like Binance or Coinbase. However, speculative estimates within Pi Network communities suggest that the value could be around ₹2.97 INR in 2023. This value is not confirmed and should be taken as speculative until Pi launches on exchanges【12†source】.
Several online platforms and communities have discussed potential values, but it’s essential to understand that Pi Coin is not tradable until Pi Network opens its mainnet. Thus, any values assigned to Pi Coins are only estimates or test transactions within the Pi Network ecosystem.
Pi Coin Price in INR and Future Projections
While no official market value exists for Pi Coin at present, future projections vary based on the potential adoption and utility of Pi once the mainnet is fully launched. Community experts estimate the Pi Coin value in INR could increase over time as the platform gains more users and Pi Coin is listed on exchanges. The future price could range from:
- ₹3 INR to ₹10 INR by the end of 2023 or 2024, depending on Pi’s utility, user adoption, and broader market conditions.
- In the long term (2025 and beyond), speculative estimates predict a potential rise to anywhere between ₹5 INR to ₹50 INR, though this depends heavily on the project’s success and crypto market trends.
How to Sell Pi Coin in India
As Pi Coin is not currently tradable on any public exchange, you cannot sell Pi Coin in India until it is listed on platforms like WazirX, CoinDCX, or international exchanges such as Binance and Coinbase. However, once Pi transitions to the open mainnet, here’s what you need to do to sell Pi Coin in India:
- Complete KYC Verification: Pi Network requires you to complete a KYC (Know Your Customer) process. This ensures your Pi Coins are legitimate and tradable. Without KYC, you won’t be able to transfer or sell your Pi Coins.
- Wait for Pi Coin to be Listed: After the Pi mainnet launch, Pi will be listed on major exchanges. Popular platforms in India like WazirX, CoinDCX, and Zebpay will likely list Pi if it gains sufficient market demand.
- Transfer Pi to Exchange Wallet: Once Pi is listed on an exchange, you can transfer your mined Pi Coins from your Pi Wallet to the wallet provided by the exchange. This step is essential before you can sell.
- Sell Pi for INR: On the exchange, you can place a sell order, either directly selling Pi for INR or for another cryptocurrency like Bitcoin (BTC) or Tether (USDT).
- Withdraw INR to Your Bank: Once you sell Pi Coins for INR, you can withdraw the amount to your linked Indian bank account using payment gateways like UPI or NEFT.
Pi Coin Value in 2025
The value of Pi Coin in 2025 depends on several factors, including:
- Widespread Adoption: If Pi becomes widely used for everyday transactions, its value could rise significantly. Estimates suggest it might be between ₹5 to ₹50 INR by 2025.
- Utility and Partnerships: If Pi Network secures partnerships with businesses and creates real-world use cases, the demand for Pi could drive its value higher.
Keep in mind that cryptocurrency markets are highly volatile. Pi Coin could fluctuate significantly based on market conditions, competition with other cryptos, and regulations.
Current Challenges for Pi Coin
- Lack of Exchange Listing: Pi Coin is still in its closed mainnet phase, meaning it isn’t publicly tradable on exchanges. Until the open mainnet is launched, Pi Coins cannot be sold or traded outside the Pi Network.
- Regulatory Uncertainty: In India, the regulatory environment for cryptocurrencies is evolving. While the government has not banned cryptocurrencies, strict regulations could impact Pi Coin’s ability to thrive in the market.
- KYC Requirements: Not all users have completed the KYC verification, which could limit their ability to trade Pi when the open mainnet is launched. Users must finish this step to unlock their Pi Coins.
FAQs About Pi Coin in India
1. Can I sell Pi Coin in India right now?
No, Pi Coin cannot be sold in India yet as it is not listed on any exchanges. You’ll have to wait for the Pi Network’s mainnet to be fully launched.
2. What is the value of 1 Pi Coin in INR?
Currently, 1 Pi Coin is estimated to be worth around ₹2.97 INR in speculative community discussions, but this is not an official or confirmed value.
3. When will Pi Coin be tradable?
Pi Coin will be tradable once the open mainnet is launched, and it is listed on cryptocurrency exchanges. The timeline for this is yet to be confirmed.
Conclusion: Pi Coin’s Future and Selling Pi in India
Pi Coin is an exciting cryptocurrency project with a growing community of users mining it daily. While 1 Pi Coin’s value in Indian Rupees is speculative at around ₹2.97 INR, the actual market price will only be determined after the coin is listed on exchanges post-mainnet launch. Users should focus on completing their KYC and staying updated with Pi Network’s progress. Once tradable, selling Pi Coin in India will follow a simple process via popular exchanges like WazirX, CoinDCX, and Binance.
By ensuring your KYC verification is complete and staying informed about when Pi will be listed, you’ll be prepared to trade Pi Coins and potentially capitalize on its future growth in the cryptocurrency market.