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What is Pi?

Pi (PI) is a mobile-first crypto mining platform designed to make digital currency accessible without the need for specialised hardware. By allowing users to mine directly from their mobile devices, Pi aims to democratise the crypto mining process.

  • Pi utilises the Stellar Consensus Protocol, enabling users to mine PI by verifying their presence daily through the mobile app. This approach builds a decentralised network where users contribute to security and transaction validation without excessive energy consumption.
  • The network is secured through ‘trust circles’, where participants nominate 3-5 reliable contacts to build an interconnected verification system.
  • PI the native token of the platform. It is used for transaction settlement, governance, and ecosystem growth, enabling peer-to-peer transfers, purchases in Pi-enabled marketplaces, and staking for network security. Developers can also integrate Pi as a payment method for apps and services.

Pi aims to bridge the gap between mainstream users and cryptocurrency adoption by offering a mobile-first, energy-efficient mining process. Through its trust circle verification system and user-driven consensus model, Pi promotes a secure and decentralised network.

How do I swap Pi?

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Click 'Swap' to confirm. Your coins will arrive in your wallet within minutes!

Learn more about Pi

Why Should I Trade PI with CoinSpot?

CoinSpot is Australia’s largest cryptocurrency platform that has been operating since 2013 and is trusted by over three million Australians. We make it easy to buy and sell Pi no matter what your trading experience is. Unlike other international and Australian Pi exchanges that require experience and technical knowledge, we make the entire trading process simple for beginners and advanced traders alike.

CoinSpot provides layered security and advanced support systems so you can buy Pi with peace of mind and the comfort knowing support is available everyday to help. There are multiple trading options on our exchange that allow you to conveniently trade Pi how you want to. You will feel familiar with CoinSpot from the beginning and have access to everything you need to buy, sell and manage your cryptocurrency.

How do you store your Pi?

Storing on CoinSpot

Due to CoinSpot’s flexible Multicoin Wallet, storing your digital currency is simple. Just by creating your CoinSpot account you will automatically be given your own unique wallet where you can store your Pi for free.

Cold Storage

If you are holding Pi as a long term investment, you can utilise a cold storage wallet and send your coins there from your CoinSpot account. A cold wallet is a wallet which is completely offline (not connected to the internet) and is a popular option amongst people who prefer to hold their coins, rather than regularly trade.

Frequently asked questions

Right here! CoinSpot offers traders a fast, simple, easy and secure way to buy Pi. We are trusted by over three million customers and with just a few clicks, you can exchange Australian Dollars or other cryptocurrencies for Pi. CoinSpot helps users easily buy crypto, build their portfolio, make secure purchases and invest in this exciting asset class.
Pi has a floating exchange rate – meaning its price is set by individual vendors based on available supply and demand. As Pi is a globally traded asset, the price can vary across the world based on order books, volume, exchange rates and service fees of each individual Pi exchange.
Cryptocurrency differs from other traditional trading options as you can make fractional purchases, meaning you don’t have to buy whole coins. This means you can start investing in Pi & other digital currencies with as little as $1!
Practicing safe investing is best treated as a shared effort. CoinSpot provides a list of security tips that we recommend putting into practice to ensure you’re keeping yourself secure. Step one to buying Pi safely however is using a reputable exchange such as CoinSpot. We are the first Australian exchange to be awarded the internationally recognised ISO 27001 certification for security management and processes. Operating since 2013, we’re proud to say we’re Australia’s most trusted exchange. Start your Pi portfolio here.
Yes! With CoinSpot you can convert your Pi to AUD (Australian Dollars) instantly. You can also withdraw AUD to your Australian bank account for free with no withdrawal limits.

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