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Introduction to Pi Coin
Pi Coin is a decentralized cryptocurrency developed by the Pi Network, co-founded by Dr. Nicolas Kokkalis and Dr. Chengdiao Fan from Stanford University. Unlike traditional cryptocurrencies, Pi Coin allows mobile mining without requiring expensive hardware, making it accessible to a larger audience. It utilizes a proof-of-consensus mechanism instead of the traditional proof-of-work model.
Current Status of Pi Coin in India
As of February 20, 2025, Pi Coin has officially transitioned to the Open Mainnet, allowing trading on major exchanges like OKX, Bitget, and Gate.io. This marks a significant step from its earlier Enclosed Mainnet phase, where transactions were restricted within the Pi Network ecosystem. Indian users can now freely trade Pi Coin.
How to Buy Pi Coin in India?
To buy Pi Coin, follow these steps:
Choose a Cryptocurrency Exchange
- Select an exchange that supports Pi Coin trading, such as OKX, Bitget, or Gate.io.
Create and Verify Your Account
- Complete KYC verification using documents like Aadhaar, PAN card, or passport.
Deposit Funds
- Add a payment method and deposit INR into the exchange wallet.
Search for Pi Coin and Place an Order
- Look for the PI/INR or PI/USDT trading pair and execute a market or limit order.
Secure Your Pi Coins
- Transfer Pi Coins to a personal wallet for security and enable two-factor authentication (2FA).
To claim your Pi, follow this link https://minepi.com/rajnish74 and use my username (rajnish74) as your invitation code.
Is Pi Coin Legal in India?
Yes, Pi Coin is legal in India, but cryptocurrency transactions are subject to 30% tax on profits and 1% TDS. It is crucial to use regulated exchanges and stay updated with government policies.
Current Pi Coin Price in India
As of February 21, 2025, Pi Coin is trading at ₹68.22, but prices fluctuate. Always check real-time values on your chosen exchange.
Risks and Investment Potential
Pros:
✔ Mobile mining with no initial investment.
✔ Strong community support and ongoing development.
✔ Potential for high value upon broader exchange adoption.
Cons:
❌ Regulatory uncertainty in India.
❌ Price volatility like other cryptocurrencies.
❌ Scams related to fake Pi Coin sales.
Conclusion
Pi Coin is gaining traction in India with its Open Mainnet launch, making it easier for users to buy and trade it. However, investors should be cautious of regulatory updates and price fluctuations before investing.
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