You can only sell Pi (PI) after three things are done. First, pass Pi Network's KYC. Second, migrate your mined balance to Mainnet. Third, send the unlocked Pi from your Pi Wallet to an exchange on Pi's official KYB-verified list. There you sell it for a stablecoin or local currency and withdraw. Pi still in the mining app, locked up, or sent to a business that isn't on the KYB list can't be cashed out through official channels. Market conditions in October 2026 are covered at the end. PI traded near $0.076 on 25 October 2026, according to CoinGecko.
The newest developments (October 2026)
- Protocol 28 upgrade. Pi asked Mainnet node operators to upgrade to v28 by 13 October, with Mainnet activation planned for 16 October (crypto.news, 23 October 2026). On 25 October, Pi's node page still read: "Pi Mainnet blockchain protocol is under upgrade. Every Mainnet node must upgrade to v28." Pi has not published a completion notice.
- KYC and migration fixes. In a post on 17 September 2026, Pi said over 417,000 Pioneers can now move forward with KYC. These include accounts wrongly flagged as duplicates and some Indonesian ID holders who can resubmit with another ID. Pi also said a pending fix should unblock Mainnet migration for 497,000 Pioneers. That fix covers "Fast-track" wallets whose owners lacked the Pi needed to pay the gas fee for claiming.
- Ecosystem Summit. On 15 October 2026, Pi announced its first Ecosystem Summit, "a three-day online event taking place November 17–19, 2026".
None of these changes the basic selling route below. The September fixes matter most if your KYC or migration has been stuck.
What has to be true before you can sell
1. Your KYC is approved
Pi has required KYC for Pioneers since the Open Network launched at 8:00 UTC on 20 February 2025. Pi's wording is that "participation in Mainnet blockchain activities will require KYC (Know Your Customer) verification for Pioneers". You start KYC in the Pi app.
If it stalled, check the September 2026 fixes. Pi said these Pioneers can now resubmit:
- Yoti users whose liveness-check data was missing
- Pioneers on older or lower-spec phones
- Holders of Indonesian KIA IDs, which are no longer accepted, who can resubmit with another supported ID
2. Your balance is migrated to Mainnet
Mined Pi has to move from the mining app to your Mainnet Pi Wallet through the Mainnet Checklist in the app's "Mainnet" tab. Pi says there is no single date when everyone's balance migrates.
One case is known to fail: claiming Pi when the wallet can't pay the gas fee. Pi's September post advises: "If a previous claim failed due to insufficient funds for the gas fee, try claiming your Pi again."
3. Your Pi is not locked up
Pi lets Pioneers lock up Pi for a higher mining rate. You can set a lockup before migration in the mining app, or after migration from the Lockups button in the Pi Wallet. Pi says lockups are "irreversible once committed" and "immediately binding until your duration ends." Locked Pi is not available to send while the lockup runs. Check your lockup settings before you plan a sale.
4. You control your Pi Wallet passphrase
The Pi Wallet is non-custodial. Pi's FAQ says a lost passphrase will not be recoverable from Pi's servers, and that after migration you may lose all of your wallet's Pi. Pi also says it will never ask for your password or passphrase. Anyone who does is a scammer.
Step by step: from Pi Wallet to cash
- Pick an exchange from Pi's KYB list. Pi says only KYB-verified businesses can hold Pi Wallets on Mainnet. It warns Pioneers to "refrain from interacting with non-KYB verified businesses that claim to have Pi Mainnet Wallet." On 25 October 2026 the list at minepi.com/kyb-list had 12 entries. Check it on the day you sell, because it changes.
- Open and verify your exchange account. The exchange runs its own identity check, separate from Pi's KYC. Turn on two-factor authentication.
- Copy the PI deposit address. On the exchange's deposit page, select Pi Network (PI) on the Pi Mainnet. If the page shows a memo or tag, copy that too. Leaving out a memo the exchange requires can mean losing the deposit.
- Send from your Pi Wallet. Open the Pi Wallet in the Pi Browser and paste the address and any memo. Send a small test amount first. Blockchain transfers can't be reversed, so check every character before you confirm.
- Sell. Once the deposit is credited, sell PI on the spot market, usually against a stablecoin. A market order fills at the best available price. A limit order fills only at your price or better. PI's daily volume was about $3.9 million on 25 October 2026 (CoinGecko), which is thin. Large market orders can move the price against you.
- Withdraw. Move the proceeds to your bank through the exchange's fiat withdrawal, if it offers one where you live. Otherwise, send the stablecoin to a wallet or service you already use. Fees, limits and processing times depend on the exchange and your country.
Can you sell your Pi yet?
Answer five questions to see which step is holding up your Pi sale, based on the route Pi describes.
Is your Pi Network KYC approved?
- Yes → next question
- No, or it stalled → Start with KYC
Has your mined balance moved to your Mainnet Pi Wallet through the Mainnet Checklist?
- Yes → next question
- No, or a claim failed → Finish migration first
Is the Pi you want to sell free of an active lockup?
- Yes, it is unlocked → next question
- No, it is locked up → Wait for the lockup to end
Do you still control your Pi Wallet passphrase?
- Yes → next question
- No, it is lost → Access may be gone
Is the exchange you plan to use on Pi's KYB list at minepi.com/kyb-list today?
- Yes → You can follow the selling steps
- No, or I plan to sell to a private buyer → Use a KYB-listed exchange
Selling needs approved KYC first. If yours stalled, check Pi's September 2026 fixes: over 417,000 Pioneers can now move forward, including some who can resubmit with another supported ID.
Your balance has to reach your Mainnet Pi Wallet before it can be sent. If an earlier claim failed for lack of Pi to pay the gas fee, Pi advises trying the claim again.
Pi calls lockups irreversible once committed. Locked Pi cannot be sent until the lockup period ends.
The Pi Wallet is non-custodial. Pi says a lost passphrase cannot be recovered from its servers, and you may lose all of the wallet's Pi. Pi never asks for your passphrase, so anyone who does is a scammer.
Pi tells Pioneers not to deal with businesses that are not KYB-verified. Peer-to-peer buyers and unlisted platforms carry a much higher risk of fraud.
Verify your exchange account, copy the PI deposit address and any memo, send a small test amount, then sell and withdraw. Check that PI deposits are open, since Protocol 28 is still listed as under upgrade.
This checks only the steps the article describes: it cannot see your account status, the current KYB list, your exchange's deposit status, fees or tax rules, and it is not investment advice.
PI market data (25 October 2026, CoinGecko)
| Metric | Value |
|---|---|
| Price | about $0.076 |
| Market cap | about $860 million |
| 24-hour volume | about $3.9 million |
| Circulating supply | about 11.29 billion PI |
| Total supply | about 17.37 billion PI |
| Max supply | 100 billion PI |
| All-time high | $2.99 (February 2025) |
| All-time low | about $0.0706 (July 2026) |
CoinGecko listed 24 spot market pairs for PI on 25 October 2026. crypto.news put PI near $0.0787 on 22 October, down about 13.9% over the month.
Over 88 billion of the 100 billion max supply is not yet circulating. crypto.news noted on 23 October 2026 that migration, lockups and exchange access decide how much supply becomes sellable. No dated figures for those are published.
Risks specific to selling Pi
- Unofficial buyers. Pi's KYB list exists to stop scams. Groups that buy Pi peer-to-peer, or platforms that aren't on the list, carry a much higher risk of fraud.
- Irreversible mistakes. A wrong address, a missing memo or a lost passphrase cannot be undone.
- Thin liquidity. With daily volume in the low millions of dollars, the price you get depends heavily on order size and order type.
- Upgrade periods. Exchanges sometimes pause deposits or withdrawals during network upgrades. Check your exchange's PI deposit status before you send, especially while Protocol 28 is still listed as in progress.
- Taxes. In many countries, selling crypto, including mined coins, can be a taxable event. Check the rules where you live.
FAQ
Why can't I withdraw my Pi?
The usual reasons are that KYC isn't approved, your balance hasn't migrated, the Pi is locked up, or a migration claim failed for lack of gas. Check the Mainnet Checklist in the app. Then compare your case with Pi's September 2026 fixes.
Where can I sell Pi safely?
Only on businesses listed on minepi.com/kyb-list. Pi tells Pioneers to be "extremely cautious about transacting Pi with any business not listed on that page."
How much is 1 Pi worth?
About $0.076 on 25 October 2026, according to CoinGecko. The price changes all the time, so check a live source before selling.
Can I convert Pi to Bitcoin?
Usually in two trades: sell PI for a stablecoin, then buy BTC with it. Whether a direct PI/BTC pair exists depends on the exchange.
Limitations: market figures are a 25 October 2026 snapshot, and Pi's app menus and KYB list change without notice. This is not investment advice.
