How to buy PI coin in Nigeria?

With the official launch of the Pi Network mainnet on February 20, 2025, PI coin has completed its transformation from a "mobile mining experiment" to a tradable asset on exchanges. As of July 2025, PI coin has been listed on major exchanges such as Gate, and users in Nigeria can trade directly through compliant channels. This article will focus on the Gate platform, detailing the operational process and localization strategy.

Mainnet and Exchange Status Update: The Era of Open Trading Has Arrived

1. Core Progress of the Mainnet

• Free transfer realization: Users can transfer Pi coins from the official wallet to the exchange after completing KYC, breaking the limitations of the closed ecosystem.
• Migration progress: Over 8 million users globally have completed their balance migration, with Nigeria having the highest proportion of active users in Africa.

2. Exchange Dynamics: Gate's Core Position

| Function | Gate Support Details | |------------|-------------------------------------------------------------------------------| | Transaction Type | Spot Trading (PI/USDT), Perpetual Contracts (1-50x Leverage) | | Fees | Spot trading 0.1%, contract trading additional funding rate | | Liquidity | Daily average trading volume exceeds 40 million USD, best depth | | Local Adaptation | Supports Naira (NGN) → Stablecoin (USDT) deposit channel, compatible with Nigerian bank accounts |

##Nigerian users purchase PI coin through Gate full process

Preparation - Complete Pi Ecosystem Migration

• Pi Wallet Setup: Download the Pi Browser App → Create Wallet → Backup 24 mnemonic words (loss means they cannot be recovered permanently).
• Mandatory KYC: Submit passport/national ID in the Pi App, Nigerian users should be aware of regional verification delay risks.

###Gate account registration and fund deposit

1. Registration Verification

• Visit Gate → Register using a Nigerian phone number → Complete identity verification.

2. Fiat Deposit (NGN → USDT)

• Path: Local bank account → Purchase USDT → Transfer to Gate
• Recommended channels:
  • Stablecoin exchange: Exchange cNGN (Central Bank of Nigeria pilot stablecoin) for USDT to avoid exchange rate fluctuations.
  • P2P Market: Buy USDT directly from Nigerian sellers, supporting local transfers with Zenith Bank and GTBank.

PI Coin Purchase Practice (Spot and Futures)

• Spot Trading (Recommended for Beginners):
  1. Enter the Gate trading page → Search for the "PI/USDT" trading pair
  2. Enter the purchase quantity → Choose "Market Order" (immediate execution) or "Limit Order" (execution at specified price)
  3. Confirm fee 0.1% → Complete order
• Contract Trading (High Risk):
  • Open a contract account → Select PI/USDT perpetual contract → Set leverage (1-50 times) → Pay attention to the liquidation price.

##Nigeria Localization Alternatives If you need to avoid exchanges, consider the following local channels:

1. Pi Chain Mall (PCM) barters goods for goods.

• Local merchants (such as Lagos electronics stores) accept PI payments, and users can earn PI by providing goods/services.

2. P2P Platform Coinskro

• Access through Pi Browser → List goods for sale at a price of PI → Directly receive PI coins from buyers.

3. Community OTC Trading

• The Lagos and Abuja Telegram groups are active, but it is necessary to verify each other's wallet addresses and transaction history to prevent fraud.

##Risk Warning and Compliance Points

1. Price Volatility

• The price of PI coin has dropped over 80% from the peak of $3 reached in February, and the current PI price hovers around $0.55, with an RSI of 38.09 indicating an oversold signal.

2. Security Threats

• Beware of "Pre-sale PI Tokens" scams: After the mainnet migration, all PI must be withdrawn through the official app, with no pre-mined tokens.
• Please enable 2FA and whitelist addresses for Gate withdrawals.

3. Regulatory Dynamics

• The Central Bank of Nigeria classifies PI as "high-risk assets", and trading profits are subject to a 10% capital gains tax.

##Future Outlook: Ecological Implementation and Value Support The long-term value of PI coin depends on three core factors:

1. Exchange Expansion: If more leading exchanges launch PI in Q4 2025, liquidity may increase by 300%.
2. dApp Ecosystem: The Pi Network's $100 million developer fund promotes the implementation of payment applications, with a successful outcome potentially reaching a price of $1.42 (2025 forecast).
3. Localization in Nigeria:

• PiNaira Bank pilot digital PI savings.
• cNGN stablecoin or open PI direct exchange channel.

##Conclusion: Action Plan and Strategic Recommendations For Nigerian users, Gate is still the most compliant and efficient PI trading platform. Follow these steps to reduce risks: complete Pi KYC → migrate to Pi wallet → purchase USDT on Gate → trade PI/USDT → hold long-term and pay attention to ecological progress.

It is worth noting that the current top 100 PI wallets control 96.37% of the circulating supply, and retail investors should consider dollar-cost averaging to mitigate volatility risks. If PI successfully connects with cross-border payment scenarios in Africa (such as the WiCrypt DePIN project), Nigeria may become the core engine for PI's value growth.

Author: Blog Team *This content does not constitute any offer, solicitation, or advice. You should always seek independent professional advice before making any investment decisions. *Please note that Gate may restrict or prohibit all or part of its services from restricted regions. Please read the user agreement for more information, link: