Buy Pi Network Coin in India — Step by Step guide for beginners
Buy Pi Network Coin in India — Step by Step guide for beginners
How to Buy Pi Network Coin in India?
What is Pi Network Coin (PI)?
Pi Network is a cryptocurrency-based project whose sole goal is to keep crypto-mining accessible. Pi Network enables the users to mine the cryptocurrency from their smartphones, eliminating the need for expensive hardware and GPUs.
It is the first crypto that could be mined from a device without battery consumption. A user only needs an internet connection to mine. Pi will be the primary token of the Pi Network and will be used to purchase services through the Pi Network.
Currently, the Pi network is in the second phase of testing, and a full-fledged launch will happen in Phase 3.
Key features of Pi Network
There are various features that Pi coin offers. A few of them are:
- Reliable and decentralized: Pi is easily customizable, less prone to errors, and flexible. It is fully decentralized with no single owner.
- Exclusive Mobile Ecosystem: Pi creates an ecosystem with its global technology, potentially allowing non-GPU users to develop an interest in mining. There are a wide variety of applications and social communications in the ecosystem for both individuals and businesses. In this ecosystem, Pi can be exclusively used.
- Mobile-Mining: Pi has bought a revolution in mining by allowing internet users to earn Pi by mining with a smartphone.
How to Buy Pi Network Coin?
If you’re wondering where to buy Pi coin in India, BuyUcoin is one of the best exchanges in India for trading in Pi Coin. All cryptocurrency pairs, fiat currencies, and stable coins are available. The best place to acquire Pi Coin in India is BuyUCoin, which has one of the highest PI-INR trading volumes in India.
It is a five-step procedure. First and foremost, the account must be registered after it has been opened. After completing the KYC process, users must complete Google 2-Step Verification, followed by supplying bank information, before they may begin investing in Pi Coin.
Buy Pi Network Coin in India — Step by Step Guide for Beginners
Follow this step by step guide to buy Pi Coin with BuyUcoin:
Step 1 — Opening a Digital Crypto Wallet
A digital wallet has all your cryptocurrencies stored in one place. It uses blockchain technology to communicate with other users on the network. BuyUcoin is a primary digital wallet provider.
Step 2 — Register & Open an Account
When you enter the BuyUcoin/Signup account, register and open a service account. Choose your person or company form of account. Choose your country and adhere to the terms and conditions of your crypto-trading account.
Step 3- KYC Completion
For the Indian jurisdiction, KYC is compulsory. Your data is secured and encrypted and stored only in Indian data centers. You will be redirected to another URL for KYC completion. Image of your pan card is mandatory. The mobile number linked with Aadhaar is necessary.
Step 4- 2 Step Verification / 2 Factor authentication
Install the Authenticator app to secure your account with 2FA. Whenever you log in to your account, you will be asked to enter a 6-digit one-time password ensuring maximum security for your cryptos.
Step 5- Add Bank details
Enter the mandatory information, such as your name credentials, the holder’s account name, and the IFSC code
Trade Pi Coin
To trade or sell Pi coins in India, you need to open your account with any Crypto exchange. You can buy Pi coins on various crypto exchanges and can convert them into any other Cryptocurrency. After buying, you can also transfer your Pi coin to your wallet and keep your private key safe.
You can also download the Pi coin wallet application from the play store to monitor the PI transactions. However, if you are planning to buy PI, then it is not possible as it is in the testing phase. Users who have mined Pi can transfer or withdraw their coins in the third phase when Pi moves to a completely decentralized blockchain.
Can I Use Regular Money to Buy Pi Coin?
Yes, regular money or any fiat currencies such as INR in India can buy Pi Coin, which can be stored in your wallet. You can trade desired cryptocurrencies without any hidden transaction fees, using India’s leading cryptocurrency exchange BuyUcoin, with a single click.
Getting a PI Coin Wallet
BuyUcoin is a multi-currency crypto wallet where PI coins can be stored with high-end security features and cold storage wallets.
Once Pi coins are sent to your wallet, you will receive a confirmation email. Pi coin will appear in your wallet when you refresh the BuyUcoin wallet. You can also use the Pi Network application available on the play store to store your tokens ad mine.
Pi Coin will be available to trade on various other exchanges. The working of the Pi application is effortless. Users can also visit the Pi Network (minepi.com) website and mine Pi to earn Pi in the wallet. Pi will allow users to send money to any other user with just their PI wallet username at a faster speed.
PI Coin Exchanges
PI will be exchanged with various cryptos and bought on renowned and prominent platforms and many other exchanges like BuyUCoin.
BuyUCoin offers classic trading facilities with a user-friendly interface while maintaining advanced charts for professional traders. BuyUCoin has numerous coins, and we will include PI Coin too.
Conclusion
The current price of PI in India is undetermined as the network is in the second phase of testing. When Phase 3 would be launched, the users will be able to trade it just like any other coin.
Based on Pi Network’s performance, the coin is expected to have a relatively low value at the beginning against the USD, which will slowly rise over the period time as the adaption rate will increase. Relying on the data, the PI coin is expected to bring a noticeable change in the cryptocurrency world.
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Buy Pi Network Coin in India — Step by Step guide for beginners was originally published in BuyUcoin Talks on Medium, where people are continuing the conversation by highlighting and responding to this story.
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