Pi Network is one of the companies in the cryptocurrency space that continues to gain traction from investors. It is a digital currency project that aims to keep cryptocurrency mining more accessible to individuals. So far, Pi Network has a user base of over 33 million, and its developers pride themselves on creating a secure project with growth potential.
So, are you looking for streamlined ways to invest in Pi Network? Below, we guide you on how to buy Pi Network using online brokers. You will also get a few tips on selecting the best broker for buying Pi Network and have a better understanding of this project to ensure you are fully prepared to kickstart your investment venture.
In this guide
Platforms for Buying Pi Network
Pi Network has its own coin that you can easily purchase through brokers listing them. Since it is a relatively new crypto asset in the market, finding a platform listing it can be challenging. You must conduct thorough market research comparing and testing various platforms to ensure you invest with the best that meets your needs.
Below, we list our top brokers for buying Pi coins that have been tested and approved by our professional researchers. Not only are these platforms safe for your investments, but they also allow you to trade Pi Network as derivatives, thus maximising your potential.
Coinbase
Like Binance, Coinbase does not list Pi Network for purchase but offers a set-custody wallet for buying the coin. Plus, Coinbase lists other cryptocurrencies, including Bitcoin, Ethereum, Ripple, Litecoin, etc. you can use as a base currency for buying Pi Network. Like eToro and Binance, Coinbase is user-friendly and features excellent trading resources to maximise your potential.
Unfortunately, Coinbase cryptocurrency trading fees are relatively higher compared to eToro’s and Binance’s. Withdrawal charges also apply when transacting using the bank transfer method. However, with a large number of crypto assets and opportunities to earn additional crypto, the exchange is definitely worth investing in.
✔Inbuilt cryptocurrency wallet
- A user-friendly trading platform perfect for newbies
- Has one of the highly rated mobile app for managing positions on the go
- Supports flexible payment methods, including credit/debit cards, bank transfers, and e-wallets
- Features an in-built decentralised wallet for securing your tokens
- Longer withdrawal processing, especially for the bank transfer method
- High trading costs
Tips on How to Choose the Best Platform to Buy Pi Network
There are numerous investment platforms in the UK, but only a few allow you to buy Pi Network. This has made the research procedures for the best platforms more challenging, so we did all the legwork by recommending the top three above to choose from. However, should you decide to overlook our recommendations and find an investment platform on your own, below are the main factors to consider.
Trusting an investment platform without confirming its credibility is a risk you do not want to take. Remember, not every platform is trustworthy, and you must keep a hawk’s eye to avoid falling victim to scammers. So, if you prefer a broker, ensure that the FCA regulates it to guarantee the safety of your investment funds. For crypto exchanges, analyse user reviews and recommendations on Google Play, the App Store, or Trustpilot.
Of course, the platform you select should be compatible with crypto wallets so you can easily purchase your base currency and Pi Network. In addition, it should have other options for trading the asset, whether as CFDs, indices, or ETFs. It is also advisable to try investing in different markets and, to do so, find a platform with diversified asset offerings such as forex, commodities, cryptocurrencies, etc.
The best investment platform should have an intuitive user interface to give you the best experience. It should also suit your skill level and offer tools that make you trade or invest with ease. For instance, expert traders looking for advanced features to maximise their experience in Pi Network investment should consider advanced platforms. In contrast, newbies should start trading using the standard platforms to develop their skills.
Furthermore, the best platform should have a demo account to experiment with how Pi Network investment works without risking your money. A demo account is the best platform to try new markets and identify the ones with the potential for profits.
Trading and investing in Pi Network shares is an exciting and fun activity. However, if you do not limit the amount of money you invest, you may end up exhausting your nest egg. Therefore, ensure you have a budget and use it in choosing a suitable stock broker. Some of the charges to look into for consideration include commissions and spreads, inactivity fees, deposit and withdrawal costs, etc. Most importantly, we advise you to ensure there are no hidden costs.
Choosing an investment platform with reliable and responsive customer service is one of the best trading and investment decisions you will ever make. You see, experiencing challenges while trading is inevitable, and you need to prepare yourself to handle such problems.
Using a platform’s demo account, test its customer service performance and see how responsive it is. They must also offer relevant solutions to investment challenges, and ensure their availability aligns with your trading schedule.
About Pi Network
Pi Network is a digital currency project aiming to keep cryptocurrency mining accessible to everyone. The network was developed in 2019 by Dr Nicolas Kokkalis, Dr Chengdiao Fan and Vincent McPhillips, three Stanford University PhD graduates, to improve the way cryptocurrencies are mined. So far, the network has attracted millions of users who are mining the Pi coins via desktop and mobile phone apps.
Pi Network app is user-friendly and free to use. Its blockchain allows external wallets to hold its Pi coins and submit transactions to the Pi blockchain. This is unlike other blockchains that do not allow external wallets to hold their assets. The network keeps updating its services to ensure its users are safe and benefit from its enhanced services. Remember, while Pi Network developers are confident in the direction in which their project is heading, always conduct additional research before putting up your money in an investment.
FAQs
Pi Network is one of the most popular projects in the cryptocurrency space. The project is yet to be launched but has already attracted millions of users globally. We believe that Pi Network’s value will increase even more once it is launched, and investing now that its price is still low could be an excellent decision.
Absolutely. You can buy Pi Network in the UK with a reliable broker or exchange accepting UK clients. Since the asset is still new in the cryptocurrency space, not every platform lists it. Therefore conduct thorough research to find one or consider choosing from our recommendations above.
Yes. Pi Network rewards its ambassadors with a 25% bonus on their mining base rate for inviting one person to the network. This reward will only be given once new members join the team using an invitation code.
Many users believe the Pi coin is not real because it is not yet in circulation. However, this doesn’t make it a scam or pyramid scheme since millions of users are mining it on the Pi Network. There are also investors putting their money into the project and earning profits from it.
Yes. Pi coin is safe since it operates under a blockchain. Plus, it is safe, and its app is registered on Google Play and the App Store. On top of that, millions of users are using Pi Network to mine their coins.
Conclusion
Investing in a relatively new asset can be challenging but can also be the best decision if you fully understand an asset and can predict its future performance. Pi Network is one of the investment tools worth investing in in 2024. Simply conduct a thorough market analysis to ensure you are making a sound investment decision. Plus, select the best platform, like the ones referenced in our mini reviews above, to maximise your experience and potential. Remember, the platform you choose must suit your requirements and only invest with amounts you are willing to lose.
