2025 Pi Coin Guide: Mining to Withdrawal, Investment or Final Move?

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Pi Coin (Pi Network) has been in development for over six years, generating both excitement and skepticism. With no mainnet launch or exchange listings for years, many questioned its legitimacy. However, on February 12, 2025, the official Pi Core Team announced that the Open Network mainnet will launch on February 20, 2025, and Pi Coin will be listed on OKX, one of the world’s leading centralized exchanges. This long-awaited update has reignited interest among early adopters and crypto enthusiasts alike.

Now that the project is nearing full deployment, it's time to explore what Pi Coin truly is, how to mine it, withdraw it, and whether it holds real investment potential—or if this is just a final promotional push before fading into obscurity.

What Is Pi Coin?

Pi Coin, launched in 2019 by three Stanford University students, aims to democratize cryptocurrency mining. Unlike Bitcoin, which requires expensive hardware and high energy consumption, Pi Coin allows users to mine directly from their smartphones—no specialized equipment needed.

The concept is simple: download the Pi Network app, register, and tap a button once every 24 hours to continue mining. This low-barrier approach has attracted millions of users worldwide who want to participate in blockchain technology without technical or financial hurdles.

👉 Discover how mobile mining could reshape crypto accessibility in 2025.

However, Pi Coin hasn’t been without controversy. Critics argue that after six years in "beta" mode, the lack of a functional mainnet raised red flags about its authenticity. Concerns intensified due to its referral-based growth model, which some viewed as resembling a pyramid scheme.

Additionally, regulatory scrutiny has occurred in certain regions. In 2022, Chinese state media labeled Pi Coin an “air coin” with high fraud risk. Vietnam also launched an investigation citing potential fraudulent activities. Despite these challenges, the official confirmation of a mainnet launch and exchange listing on OKX signals a pivotal shift—possibly transforming Pi from a speculative project into a legitimate digital asset.

“Pioneers, Open Network will launch at 8am UTC on February 20, 2025! With millions of KYC-verified Pioneers and a thriving utilities-driven ecosystem, Open Network expands available opportunities…”
— Pi Network (@PiCoreTeam)

How to Mine Pi Coin

Mining Pi Coin is designed to be user-friendly and accessible. Here’s a step-by-step guide:

Step 1: Download the Pi Network App

Available for both iOS and Android devices:

Step 2: Register an Account

During registration, you’ll be prompted to enter an invitation code. While optional, using one can boost your mining rate through team bonuses.

Step 3: Tap Daily to Mine

Once registered, open the app daily and tap the lightning icon to start mining. This must be done every 24 hours to maintain continuous mining.

Step 4: Invite Friends (Optional)

By inviting others with your referral code, you can increase your mining speed. Each active member in your security circle contributes to higher rewards.

Step 5: Complete KYC Verification

To withdraw mined coins after the mainnet launch, users must complete Know Your Customer (KYC) verification. Note: New users may currently face delays or restrictions in accessing KYC due to high demand.

⚠️ Important: With the mainnet launch just days away, joining now offers limited earning potential. However, observing post-launch performance and ecosystem development can help inform future participation decisions.

When Can You Trade Pi Coin?

The Open Network mainnet officially launches on February 20, 2025, enabling full functionality including wallet transfers and trading. OKX has confirmed spot trading support for Pi Coin upon listing.

This marks the first time Pi transitions from a closed beta system to a publicly tradable cryptocurrency—potentially unlocking real-world utility and market valuation.

How to Withdraw and Convert Pi Coin to TWD

After the mainnet goes live, follow these steps to convert your Pi into cash:

Step 1: Confirm Withdrawal Eligibility

Ensure your account has passed KYC and meets all withdrawal criteria set by Pi Network.

Step 2: Choose a Supported Exchange

Download and register on an exchange that supports Pi trading. Recommended platforms include:

Complete KYC on the chosen exchange before proceeding.

Step 3: Transfer Pi to Your Exchange Wallet

Copy your exchange’s Pi deposit address and paste it into the withdrawal section of the Pi app. Always use copy-paste to avoid errors—mistakes can result in permanent loss of funds.

👉 Learn how secure wallet integration can protect your digital assets.

Step 4: Convert Pi to USDT

Once credited, trade your Pi for USDT (a stablecoin pegged to the US dollar) on the exchange’s spot market.

Step 5: Exchange USDT for TWD

Transfer USDT to a Taiwan-compliant exchange like ZONE Wallet that supports TWD withdrawals. Then convert USDT to New Taiwan Dollar and withdraw to your bank account.

Is Pi Coin a Good Investment?

With exchange listing confirmed, Pi Coin gains tangible value for the first time. Previously, pricing existed only through peer-to-peer (P2P) trades or IOU markets like HTX, where prices briefly reached $100 per Pi—though these were speculative and unregulated.

Now, real market dynamics will determine its true worth.

Key Factors Influencing Future Value:

Challenges Ahead:

While the OKX listing brings credibility, investors should remain cautious. Many cryptocurrencies surge at launch only to decline rapidly when hype fades.

👉 Stay ahead of market trends with tools used by top crypto traders.

Frequently Asked Questions (FAQ)

Q: Can I still start mining Pi Coin now?
A: Yes, but with limited benefit. Since mining rewards are time-based and cumulative, latecomers earn significantly less. Monitor post-launch developments before investing more time.

Q: Do I need to pay money to mine Pi?
A: No. Mining is free via the mobile app. However, completing KYC and trading on exchanges may involve small network or transaction fees.

Q: What happens if I don’t complete KYC?
A: You won’t be able to withdraw or trade your Pi coins. KYC is mandatory for mainnet access.

Q: Will Pi Coin be listed on other major exchanges besides OKX?
A: While OKX is confirmed, listings on Binance or Coinbase depend on their internal review processes. Watch official announcements for updates.

Q: How is Pi different from Bitcoin mining?
A: Bitcoin uses energy-intensive proof-of-work requiring powerful hardware. Pi uses a mobile-friendly consensus model based on trust networks, making it far more accessible.

Q: Can I lose my mined Pi?
A: Yes—if you lose your phone and haven’t backed up your seed phrase, recovery is impossible. Always secure your account with proper backups.

Final Thoughts: Opportunity or Hype?

Pi Coin represents a unique experiment in inclusive blockchain adoption. Its mobile-first mining model lowered entry barriers for millions globally. Now, with the mainnet launch and OKX listing confirmed in February 2025, it enters a new phase where real utility and market forces will define its future.

For early miners, this moment feels like validation after years of waiting. For newcomers, it’s a chance to observe how community-driven projects evolve when they meet open markets.

But remember: high potential comes with high risk. Avoid FOMO-driven decisions. Research thoroughly (DYOR), understand the technology, and assess whether Pi offers lasting value beyond initial hype.

As the crypto landscape evolves, projects like Pi Coin remind us that innovation doesn’t always come from complex code—but sometimes from simple ideas made accessible to all.

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