CoinTalk

If you’ve been mining PI coin for months—or even years—you’re probably losing sleep over one burning question: how do you actually sell Pi coin and turn your digital rewards into real value? Whether you’re in Nigeria, the US, India, or anywhere else, the uncertainty around selling Pi coin is a top concern for both new and experienced crypto users. With rumors swirling about listings on Binance, Huobi,BYDFi , and other exchanges, and with the 2024 mainnet developments, it’s more important than ever to get clear, actionable answers.

Selling PI coin isn’t as straightforward as selling Bitcoin or Ethereum, and your options may vary depending on your country, your trading experience, and the current status of the PI Network mainnet. Many users are eager to cash out or trade their PI for other cryptocurrencies or fiat, but are unsure about the safest and most effective way to do it. This guide breaks down the latest information and gives you practical steps, so you can make informed decisions and avoid common pitfalls.

Can I sell PI coin right now?

As of May 2025, PI coin is still in the process of moving from its “enclosed mainnet” to a fully “open mainnet.” This means that, for most users, PI coin cannot yet be freely traded on major exchanges like Binance, Huobi, or BYDFi . Any offers you see online to buy or sell PI outside the official PI Network app are likely unofficial and could be scams. The PI Network team has repeatedly warned users to avoid peer-to-peer deals or third-party platforms that promise to exchange PI for fiat or other cryptocurrencies before the official open mainnet launch.

How to sell PI coin in Nigeria and other countries?

If you’re in Nigeria or another country with a large PI community, you might see local groups offering to buy your PI coin. However, until PI coin is officially listed on exchanges, selling through unofficial channels is risky and not recommended. Once the open mainnet is live and PI is listed on reputable exchanges, you’ll be able to transfer your PI from the PI Network app to your exchange wallet and sell it for Naira, USD, or any other supported currency. For now, the best approach is to stay patient, complete your KYC verification, and watch for official announcements.

How will I know when I can sell PI coin on Binance, BYDFi, or Bitget?

The PI Network team will announce any official exchange listings through their app and verified social media channels. When PI coin is listed on platforms like Binance, BYDFi, or Bitget, you’ll be able to transfer your coins to those exchanges and sell them just like any other cryptocurrency. Be wary of fake news or phishing attempts—always double-check announcements on the official PI Network website or app before taking action.

How do I sell PI coin once it’s listed on an exchange?

Once PI coin is officially listed, here’s what you’ll typically need to do:

1. Complete KYC verification on both the PI Network app and your chosen exchange.
2. Transfer your PI coins from the PI Network wallet to your exchange wallet using the provided deposit address.
3. Navigate to the PI/USDT or PI/fiat trading pair on the exchange.
4. Place a sell order (market or limit) depending on your strategy and the current price.
5. Withdraw your proceeds in your preferred currency or reinvest in other cryptocurrencies.

What should I watch out for when selling PI coin in 2024 and beyond?

• Scams: Avoid any unofficial offers, especially on social media or messaging apps.
• KYC requirements: Make sure your identity verification is complete to avoid delays.
• Volatility: New listings can be extremely volatile—consider waiting for the price to stabilize before selling large amounts.
• Fees: Check the exchange’s withdrawal and trading fees before making a transaction.

Conclusion

Selling PI coin is a process that requires patience, caution, and up-to-date information. The safest way to sell is to wait for official exchange listings and follow the steps provided by the PI Network and your chosen trading platform. Don’t risk your hard-earned coins on unofficial deals, and always prioritize security and compliance.

Check out BYDFi for  latest updates and other cryptocurrencies.

DEGEN (DEGEN) is an Ethereum utility and meme token that was originally created as a reward mechanism on decentralized social protocol Farcaster. Originally launched in early 2024, DEGEN quickly emerged as a staple currency in Farcaster's /degen channel , a community of crypto builders, content creators, and meme insiders, where it was used for tipping, rewarding contributions, and spurring community activity.

Unlike traditional meme coins, the function of DEGEN is to combine humor with true utility  providing both creative proof-of-concepts and real decentralized finance (DeFi) applications in existence by being in emerging ecosystems.

As it evolved, the use of DEGEN was pulled into the greater Ethereum and Layer 3 (L3) blockchain ecosystem, particularly with the launch of the DEGEN Chain, a fast, low-cost, and app-optimized L3 built with Arbitrum Orbit technology.

DEGEN's community-centric spirit is supported by the involvement of prominent builders in the Farcaster and DeFi spaces, with a philosophy emphasizing open experimentation, mutual participation, and meme-driven innovation.

Now, DEGEN is a symbol of the disruptive shift towards social-fi (social finance), capturing the spirit of creativity and

what does degen mean in crypto?

In the cryptocurrency world, a degen is someone who makes high-risk, high-reward investments, often with little research and lots of hype.  Think of the person who apes into a new degen coin minutes after launch, based on a tweet or meme, hoping for a 100x return before it crashes.

How to Use DEGEN

To interact with DEGEN:

- Acquire DEGEN: Purchase on exchanges like BYDFi , Crypto.com, or DEXs on Ethereum/Base/Degen Chain.

- Store DEGEN: Use Ethereum-compatible wallets (e.g., MetaMask) to hold and manage tokens.

- Participate in Farcaster: Join the /degen channel to tip, earn rewards, or engage with the community.

- Explore DeFi: Stake, farm, or provide liquidity on Degen Chain dApps to earn yields.

- Monitor Risks: Conduct due diligence, as DEGEN’s volatility and experimental nature require careful risk management.

Degen (DEGEN) Tokenomics

A transparent and equitable approach to tokenomics has been a cornerstone of DEGEN’s community credibility.

-  Total Supply: 36.9 billion DEGEN

-  Circulating Supply: 14.17 billion DEGEN

-  Maximum Supply: 36.9 billion DEGEN (fixed, with no plans for inflationary increases)

Token Distribution:

-  Community Airdrops: A significant percentage was allocated to early Farcaster contributors and active community members, ensuring a broad and fair initial distribution.

-  Ecosystem Development: Tokens are reserved for ongoing community incentives, development grants, and partnerships to sustain growth.

-  Team and Advisors: Vesting schedules for core contributors ensure long-term alignment, but with no outsized founder allocation.

-  Liquidity and Listings: A portion of tokens is reserved for providing decentralized exchange (DEX) and centralized exchange (CEX) liquidity.

How Degen (DEGEN) Works

At its core, the DEGEN token is an ERC-20 asset on Ethereum, making it compatible with the most widely used wallets and decentralized exchanges.  Its initial use was as a micro-reward for valuable interactions within Farcaster, but as the DEGEN community grew, the token’s functionality expanded into several areas:

-  Social Incentivization: DEGEN is used to tip or reward users for content creation, community moderation, and contributing code or memes in various social and developer channels.  This model helps foster more organic, engaging crypto communities.

-  DeFi Use Cases: Through DeFi protocols built on the DEGEN Chain and partnered L3s, users can provide liquidity, farm yields, or stake tokens to earn passive income, much like established platforms on Ethereum and Arbitrum.

-  Low-Cost Transactions: The DEGEN Chain, powered by Arbitrum Orbit, provides high throughput and near-zero fees, enabling a scalable environment for microtransactions , essential for user-driven social and gaming applications.

-  Creator Tools & NFT Integration: Developers are exploring NFT drops, DAO governance, and creator engagement mechanisms that use DEGEN as a payment and rewards layer. DEGEN’s unique blend of meme appeal, practical on-chain use, and community engagement has differentiated it from typical meme coins, positioning it as a foundational currency within web3 social ecosystems.

Conclusion

Degen (DEGEN) works as a community-driven token that blends meme coin appeal with practical utility in social-fi and DeFi.  By leveraging Farcaster’s decentralized social platform and the Degen Chain’s low-cost infrastructure, DEGEN incentivizes engagement, rewards creativity, and supports innovative blockchain applications.

However, its high volatility, experimental status, and reliance on community adoption make it a risky investment. For those interested in DEGEN, participating in its ecosystem requires balancing enthusiasm with caution, aligning with the “degen” ethos of embracing uncertainty for potential rewards.

Final Thought
In the ever-evolving world of crypto, being a degen isn't just about reckless bets, it's about daring to explore the edge of innovation, where memes meet markets and communities build value from creativity.  DEGEN represents more than a token; it’s a cultural movement fueled by experimentation, humor, and decentralized collaboration.

Whether you're here for the fun or the future of financejust remember: in the land of degens, fortune favors the bold—but only the wise survive.

Ready to learn more about trading strategies and crypto fundamentals? Check out BYDFi for expert guidance on navigating the world of digital assets.

Ready to learn more about trading strategies and crypto safety? Check out BYDFi for beginner tutorials, expert insights.

How do I create a coin on pump.fun? (pump fun coin erstellen)

Creating your own coin on pump.fun is straightforward, even for those with limited trading or technical experience. After connecting your Solana wallet, you can use the “create” feature to name your coin, choose a supply, and mint it directly on the platform. Once created, your coin is instantly tradable on the pump.fun marketplace, where other users can buy, sell, or speculate on its potential. This democratizes the meme coin launch process, but also means that most coins are highly speculative and short-lived.

What is the pump fun API and how can it help traders?

The pump fun API provides developers and advanced users with real-time data on newly launched coins, trading volumes, price movements, and liquidity. By integrating the API, traders can build bots or dashboards to monitor trends, identify promising coins early, or automate trading strategies. This is especially valuable in the meme coin space, where speed and timing can make all the difference between catching a moonshot and missing out.

Is there a pump fun bot, and should you use one?

Yes, several community-built pump fun bots exist, leveraging the API to scan for new launches, track price spikes, or even execute trades automatically. While bots can give experienced traders an edge, they also come with risks—especially in a volatile, unregulated environment. Beginners should be cautious and avoid sharing private keys or sensitive information with untrusted tools. Always research a bot’s reputation and never invest more than you can afford to lose.

What are the risks and rewards of using pump.fun?

Pump.fun embodies the high-risk, high-reward nature of meme coin trading. While some users have made quick profits, many coins lose value just as fast. The platform’s open nature means anyone can launch a coin, but it also means scams and rug pulls are common. Always do your own research, use trusted wallets, and approach every new coin with skepticism.

Curious to learn more about meme coins, Solana trading, or building your own crypto strategy? Check out BYDFi for beginner tutorials, expert insights, and the latest tools to help you succeed in the world of digital assets.

-  dApps: Apps built on blockchain, like Uniswap for trading or Aave for lending.

Step 2: Set Up a Crypto Wallet

A wallet like MetaMask or Trust Wallet is your gateway to web3 crypto. It stores your private keys and lets you interact with dApps.

Always back up your seed phrase and never share it. Security is critical in crypto web3.

Step 3: Buy Your First Cryptocurrency

Purchase crypto like Ethereum (ETH) or stablecoins (USDT, USDC) on exchanges like  BYDFi or Binance. These are your entry points to web3 crypto platforms.

Step 4: Explore Web3 Platforms

Try out DeFi protocols (e.g., Aave, Compound) or NFT marketplaces (e.g., OpenSea). These platforms showcase the power of web3 crypto through lending, trading, or tokenization of RWAs.

Step 5: Stay Safe and Informed

Scams are rampant in crypto web3, Stick to reputable projects, verify smart contracts, and use tools like Etherscan to track transactions.

If you’re googling “best web3 crypto,” look for projects with strong communities, transparent teams, and real-world use cases, like Chainlink (for data oracles) or Polygon (for scaling Ethereum).

Why Now Is the Time to Invest in Web3 Crypto

The web3 crypto space is still in its early stages, much like the internet in the 1990s. Early adopters who invested in Bitcoin or Ethereum a decade ago reaped massive rewards.

Today, tokenization, RWAs, and DeFi are creating similar opportunities.

Don’t just wonder “how to invest in web3 crypto”—take action! Start with a small investment, educate yourself, and explore dApps to see Web3 in action. The future is decentralized, and you can be part of it.

Your Journey into Web3 Crypto Starts Here

From understanding what is web3 in crypto to discovering the best web3 crypto projects, you’re now equipped to explore this transformative space. Whether you’re here for web3 crypto onboarding, seeking web3 crypto education, or ready to invest, the key is to start small, stay curious, and prioritize security.

Ready to dive deeper? Follow our blog for more crypto web3 tips, or join the conversation on X to connect with the Web3 community.

What’s your next step in the web3 crypto revolution? Let us know in the comments!

Best Web3 Crypto Projects to Watch (2025 Edition)

Final Thoughts:

Web3 crypto is not a passing trend.

It’s the foundation for a new digital economy—an internet where YOU are in control.

If you're still wondering “what is Web3 in crypto?” or “how do I invest in Web3?”—this is your signal to go deeper.

The earlier you learn, explore, and get involved, the more upside you unlock—financially and professionally.

Ready to explore Web3 crypto with confidence?
Join BYDFi — your gateway to beginner-friendly crypto trading, secure wallets, and the latest Web3 opportunities. Whether you’re buying Ethereum, diving into DeFi, or exploring tokenized real-world assets, BYDFi offers easy tutorials, expert insights, and a trusted platform to start your journey.

Start your Web3 adventure today with BYDFi — where crypto meets simplicity.