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However, to trade Pi Coin on the exchange, several essential steps must be completed. This guide provides detailed instructions on KYC verification, OKX exchange deposits, and how to sell Pi Coin.
1. Pi Coin KYC Verification Process
To transfer Pi Coin to an exchange, KYC (Know Your Customer) verification must be completed. Only verified users can deposit and sell Pi Coin on the exchange.
1) KYC Verification Steps
① Start KYC in the Pi Network App
Open the Pi Network app and select Pi Browser from the top-left menu.
Install and access the Pi Browser app, then choose ‘KYC’ from the menu.
② Complete the KYC Verification Process
Enter personal information
Full name (must match ID or passport)
Date of birth
Country selection
Contact information
Upload identification document (choose one):
National ID card (for Korean residents)
Driver’s license
Passport (usable for international users)
Take and upload photos
Upload clear images of the front and back of your ID.
Ensure images are not blurry or cropped.
Facial recognition and identity verification
Complete facial recognition through the camera.
The system will compare your photo with the ID for verification.
③ KYC Review and Approval
Submit verification request and wait for review
Processing time varies from a few hours to several days.
Check status via the Pi Network app.
Check KYC approval status
If approved, you will receive a notification in the app.
After approval, your wallet is activated for coin transfers.
Note: You must complete at least 30 mining sessions before initiating KYC verification.
2) Mainnet Wallet Activation and Transfer Availability
The Pi Network is currently in a closed mainnet state, meaning coin transfers are restricted. Transfers to OKX will be available from February 20, 2025, at 17:00 (KST).
2. Creating an OKX Exchange Account and Depositing Pi Coin
To trade Pi Coin on OKX, you must create an account and obtain a deposit address before making a transfer.
1) Register an OKX Exchange Account
Visit the OKX official website (https://www.okx.com).
Sign up using your email or phone number.
Complete security settings (two-factor authentication and ID verification).
Activate your account.
2) Check and Copy Your OKX Deposit Address
Log in to OKX.
Select the ‘Deposit’ menu.
Choose ‘Deposit Crypto’ and search for ‘PI’.
Review the warning message and slide to confirm.
Generate and copy the wallet address. (Ensure the address is copied correctly.)
3) Transfer Pi Coin from Pi Network to OKX
Open the Pi Network app and access Pi Wallet.
Select ‘Send’.
Paste the deposit address copied from OKX.
Enter the Pi Coin amount to send and check transaction fees.
Confirm the transaction and execute the transfer.
Wait for blockchain verification and transfer completion.
Important Notes:
Always check transfer fees (may vary based on network conditions).
Ensure the correct address is entered; mistakes can lead to permanent asset loss.
3. How to Sell Pi Coin on OKX
Once Pi Coin is deposited into your exchange account, you can sell it at your desired price.
1) Confirm Deposit on OKX
Check your OKX account to confirm successful deposit after blockchain verification.
2) Sell Pi Coin
Log in to OKX and go to the ‘Trade’ menu.
Select a trading pair (e.g., PI/USDT, PI/BTC, etc.).
Choose ‘Sell’, enter the desired price and amount.
Select order type:
Market Order: Sells immediately at the current market price.
Limit Order: Sets a specific selling price for the order.
Confirm and execute the order.
3) Withdraw Funds (Optional)
Select ‘Withdraw’ on OKX.
Choose the cryptocurrency to withdraw (e.g., USDT).
Enter the withdrawal address and select a network.
Confirm the transaction and complete withdrawal.
4. Pi Coin Price Outlook
Pi Coin will be listed on the OKX exchange on February 20, 2025, and is expected to experience significant price volatility.
Approximately 19 million users have completed KYC verification.
Total supply: 100 billion coins.
Circulating supply: ~1.288 billion coins.
Market cap: ~$3.51 billion (approx. 5 trillion KRW).
Since a large number of coins will be released to the market initially, expect high volatility similar to other newly listed assets. Historically, many cryptocurrencies experience an initial price spike followed by a correction.
Conclusion
Pi Coin has undergone years of development and mining before reaching this milestone of exchange listing. However, proper KYC verification and account setup are essential before trading.
Ensure you complete the KYC process promptly and follow the correct steps for secure trading. Given the potential for extreme price fluctuations, carefully plan your investment strategy for Pi Coin.
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