How To Withdraw Pi Coin | How To Exchange Pi Coin | Pi Network

  Hello, welcome to another article with me Zeeshan Online Tv.

Now in this article I'm going totell you if and how you can withdraw your Pi coins or how you can exchange them into real currency.

And the reason why I want to talkabout this is because since I initially started mining PI in August 2020,so not that long ago I've invited a couple hundred users to Pi as you can see on the screen right there.

And since then the number onequestion that I've seen day after day in the Pi chats, is people asking howto withdraw PI so how to exchange their PI coins into a FIAT currency like US dollar, Euro, and so on. And I want to point out that it's important that you watch this article to the end because otherwise you mayend up making it the wrong decision.

So let's start with thenumber one question. How can you withdraw your Pi coins? And the answer to that is currentlyyou can not withdraw your Pi coins because Pi is currently inphase two out of three phases so it's not a full cryptocurrency yet and it's not listed on any exchanges. 

Now, I can hear you asking so if I cannot withdraw it what can I do with PI? At the moment, you cannotdo anything with PI. You cannot transfer it all you can basically they do is mine it for free.

Think of it like in early Bitcoin days when  people mined thousands of Bitcoins on their computer but they actually couldn't use it for anything. 

Now does that mean that Pi isworthless or useless and that there is no point in mining Pi at all? No it means the exact opposite.

You are among the pioneers among the first couple of million users that signed up for PI and as a thank youor as a token of appreciation and also to build an active community and acertain amount of PI in circulation you currently receive PI for free.

Other people eventually will not be ableto get their coins for free anymore.

So it's important that you take advantage off this opportunity and that you simply spent the five seconds every day to openyour Pi app and push the mining button so you mine for another 24 hours and you receive your free Pi coins every day.

Now assuming you continue miningpie coins the question is when will Pi have an actual value.

So when will you be able to withdraw it and also how much will it be worth now to start with the first question.

Pi will achieve a real value once it can be traded on exchanges like crypto.com Binance and so on and that will happen once PI reaches phase three.

Now if you want to have a detailed answer I recommend that you read the white paper that you can find on the PI website.

And there's also a link to itin the description down below.

But to provide you witha simplified answer Currently Pi has roughly 8 million users. 

So that's 1 million more since I joined PI in August two months ago.

 And the way things look now until PI achieves a total of 10 million users all pioneers so all users that sign up right now will be able to mine free Pi coins and receive freecoins every day for pushing a button. 

Now in addition to the 10 millionuser limit that may change, we will see about that in the future here is also the fact that thePI developers need to finish some of their work so that the nodes are tested and so on and that everything's working andto actually turn PI into a fully grown cryptocurrency and have it listed on certain exchanges. 

So it's possible that Pi will be tradableand exchangeable by the end of the year it's also possible that it will take another year or maybe even longer. 

The point again is that you currently have a great opportunity to jump in early and get your Pi coinsfor free without risking anything. 

All you have to do is open your Piup once per day on your phone and push the lightning bolt button so you mine for another 24 hours. 

Ideally if you want toearn more Pi per hour.

You'll tell your friends and family aboutit and have them use your invitation code.

So you actually end up earning more Pi while you can still get it for free.

 And to answer the secondpart of the question 

How Much Is PI going to be worth?

That's something that nobody cananswer you right now because it depends on a lot of different things. The longer the free mining continues the more Pi will be in circulation.

So there fore there will be way more supply which would mean each coin will be worth a little bit less. 

To provide you with a different example we can look at the Tesla stock in 2020.

During March it fell toroughly $300 per stock. Eventually it climbed up to over$2,000 per stock and then the stock were split one to five. 

So if you had one Tesla stock worth,let's say exactly $2,500 from one day to the other you had five Teslastocks but each was only worth $500 so that would be a simple example ofhow the supply of something in this case Tesla stocks but in our case PIcoins will have an effect on the market.

Now another thing that's importantto understand this just because Pi will be listed on an exchange,doesn't mean that it's smart to sell your Pi coins on day number one. 

Again if we go with the Tesla stock example imagine that some how you got one Tesla stock per day for free by pushing a button in the app but you cannot sell it right now.

You and hundreds or millions of other users get free Tesla stock every day.

 And let's say on the 1st of January,you will be allowed to trade it If now on the 1st of January everybody tries to sell their stock. 

There will be nobody there to buyall that stock and the price will instantly fall from $500 per stockto $1 per stock or $2 per stock. And the same would happen with Pi coins. The moment Pi achieves phase three and you can exchange and trade it on platforms like crypto.com and Binance there will be a set upon or agreed upon price and if then everybodyjust tries to sell it. 

Nobody will be there to buy so some people may not be able to sell it at all. And for the other people the price will plummet instantly so it's not the smart thing to do.You have to see Pi for what itis and what it is it's a great opportunity to get a lot of free Pi coins that you can then use longterm when PI launches you may want tosell some of your Pi coins instantly to get some money but you also want to keep some of them longterm. 

Again let's take Bitcoin for an example here initially Bitcoins were worth almost nothing Then they eventually were worth $1,$2, $10, a hundred dollars $300. Nowadays we're looking at a Bitcoin value of more than $10,000 per coin now imagine you would have gotten500, 5,000 or more Bitcoin for free when it in itially started and you sold everything on day one for two or $3, you would probably regrett it a lot today. 

And the same  applies to Pi now I'm not saying that Pi will beworth $10,000 per coin because that again depends on supply and demand and how people use Pi in the daily lives If everybody just holds their Pi coins and nobody's willing to sell them, it's also not great. 

The key is that once Pi achieves phase three that you look for how you can use it. 

Is there an online store that accepts Pi as a payment method well and maybe use it to buy your next iPhone or you order a pizza online or something like that, to give it a real purpose in our lives.

Use it to send money to friends so instead of sending them a regular wire transfer send them Pi coins and they can then cash them out for example so to give Pi a real purpose inthis world and with that you will help increase the value of PI which again will increase the value of the remaining Pi coins that you have left after sending a couple hundred coins to a friend, for example.

Currently it's not possible to sell your PI coin or withdraw the money from your PI wallet but that does not mean that Pi isworthless than that you should not mine. 

It means the exact opposite the longeryou mine now and the more coins you get the more money you will actuallyhave once PI achieves phase number free but you definitely should notgive away all your Pi coins once it's possible but you should keep atleast half or even more your Pi coins longterm to benefit from an increasedvalue over the next couple of years