How to Convert Pi Coin to Cash: Step-by-Step Guide (Bitget & CoinDCX)

Complete Guide: Transfer & Sell Pi Coin on Bitget

Complete Guide: Transfer & Sell Pi Coin on Bitget

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What is Pi Coin?

Pi Coin is a digital cryptocurrency developed by the Pi Network, a project founded by a group of Stanford graduates in 2019. The project aims to create a decentralized, mobile-friendly cryptocurrency that can be mined without the need for powerful computers.

Unlike Bitcoin or Ethereum, which require high energy consumption for mining, Pi Network allows users to mine Pi using their smartphones. The mining process relies on a social security circle, where users validate transactions and maintain network security. The goal of the project is to build a decentralized economy where Pi Coin can be used for real-world transactions.

Initially, Pi Coin had no market value, but as its adoption increased, many crypto exchanges have started showing interest in listing Pi for trading. However, as of now, Pi Coin is still in its development phase, and its real-world utility is yet to be fully realized.

What is Bitget?

Bitget is a global cryptocurrency exchange platform offering multiple trading features, including spot trading, futures trading, and copy trading. Launched in 2018, Bitget has rapidly grown into one of the most popular trading platforms for both beginners and experienced traders.

  • Futures & Spot Trading: Bitget supports leveraged trading, allowing users to maximize their profits.
  • Copy Trading: This feature enables beginners to follow and replicate trades from professional traders automatically.
  • Security & Regulation: Bitget implements advanced security measures, including two-factor authentication (2FA) and cold storage for funds.
  • Multiple Crypto Support: Bitget lists a wide range of cryptocurrencies, including Bitcoin, Ethereum, and many new tokens.
  • Staking & Passive Income: Users can stake their cryptocurrencies to earn passive rewards over time.

Bitget has gained popularity due to its user-friendly interface, low trading fees, and robust security mechanisms.

How to Transfer Pi Coin from Pi Wallet to Bitget

To transfer Pi Coin from your Pi Wallet to Bitget, follow these detailed steps:

  1. Open your Pi Network Wallet on your smartphone.
  2. Navigate to the "Transfer" section in your Pi Wallet.
  3. Log in to your Bitget account and go to the "Deposit" section.
  4. Select Pi Coin as the cryptocurrency you want to deposit.
  5. Copy the Bitget deposit address for Pi Coin.
  6. Go back to your Pi Wallet, paste the copied Bitget deposit address, and enter the amount you want to transfer.
  7. Confirm the transaction and wait for blockchain verification (this may take a few minutes to hours).
  8. Once the transfer is complete, check your Pi Coin balance in your Bitget account.

It's crucial to double-check the deposit address to avoid sending your Pi Coins to the wrong address.

How to Sell Pi Coin for USDT on Bitget

Once your Pi Coin is in your Bitget account, you can convert it to USDT (Tether), a stablecoin pegged to the US Dollar. Follow these steps:

  1. Go to Bitget's Spot Trading section.
  2. Select the PI/USDT trading pair.
  3. Choose the type of order:
    • Market Order: Sell immediately at the current market price.
    • Limit Order: Set a specific price at which you want to sell your Pi Coins.
  4. Enter the amount of Pi Coin you want to sell.
  5. Confirm the transaction, and USDT will be credited to your account.

How to Withdraw USDT from Bitget to CoinDCX

  1. Log in to your Bitget account and navigate to the "Withdraw" section.
  2. Select USDT as the withdrawal currency.
  3. Open your CoinDCX account and go to the "Deposit" section.
  4. Copy your CoinDCX USDT deposit address.
  5. Paste the deposit address into the Bitget withdrawal page.
  6. Enter the amount of USDT you want to transfer.
  7. Confirm the transaction and wait for blockchain confirmation.

How to Sell USDT on CoinDCX and Withdraw Money to Your Bank

  1. Log in to CoinDCX and navigate to the "Spot Trading" section.
  2. Select the USDT/INR pair to exchange USDT for Indian Rupees (INR).
  3. Enter the amount of USDT you wish to sell and complete the trade.
  4. Once your balance is in INR, go to the "Funds" section and click "Withdraw".
  5. Enter your bank details and withdrawal amount.
  6. Confirm the transaction, and the amount will be credited to your bank account.

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