Page Summary
Pi coin (PI) is a popular and controversial crypto. UAE traders receive access to crypto platforms that have the PI token in their portfolios. The Pi coin uses the Pi network, a secure blockchain that uses a Stellar Consensus Protocol (SCP). It differs from the Bitcoin blockchain and offers interesting benefits. The Pi coin also undergoes a frequent “halving” process to increase its scarcity.
The PI network focuses on enabling anyone to mine cryptos on their phones. An interesting fact about its tokens is that PI coins are limited, much like Bitcoin. This article discusses how to buy Pi coin (PI) in the UAE.
List Of The Best Exchanges For Pi Coin:
- eToro – Best overall broker for crypto assets
- Binance – has an excellent digital assets portfolio for UAE traders
- Coinbase – is a leading global exchange with top-tier licenses and access to many coins
| RANK | BROKER | GENERAL | PLATFORM SCORE | BEST FOR | WEBSITE |
|---|---|---|---|---|---|
| #1 | eToro | Excellent social trading features | 4,9/5 | Best overall broker | Official website Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more |
| #2 | Binance | Premium account features | 3,1/5 | Top cryptocurrency exchange | Official website |
| #3 | Coinbase | Access to many coins | 2,6/5 | Leading global exchange with top-tier licenses | Official website |
Best Crypto Exchanges For Pi Coin In Overview:
1. eToro – Best Overall Broker To Buy Pi Coin In UAE
Min Deposit: $100
Fees: 4.8
Assets available: 4.8
Total Fees:
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong Take 2 min to learn more
eToro is a well-established online broker that offers intuitive and secure exchange platforms. It provides a diverse portfolio of 6,000+ instruments, including cryptocurrencies, altcoins, equity investments, and forex trading. The primary crypto assets available on eToro are Bitcoin, Ethereum, and Pi coin.
eToro also features a virtual trading account, which is beneficial for traders at all levels. With the help of a demo account, users can test different strategies using live market data. This can be particularly useful for those interested in learning more about Pi coin price movements.
In the UAE, eToro is recognized because of its competitive fees, including a 1.90% spread for withdrawing cryptocurrencies and no commission fees. The broker also offers advanced social trading features, allowing users to follow and copy the trading positions of top traders. eToro supports various deposit methods, also provides users with a digital wallet, and offers knowledgeable customer support.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong Take 2 min to learn more
2. Binance – Excellent Digital Assets Portfolio For UAE Traders
Binance is a popular crypto exchange to buy PI coins. It is a good fit for advanced UAE traders because of its professional research tools. The Binance platform has a professional design and offers different leverage solutions. This cryptocurrency exchange has limited educational materials. It has some tutorials to help beginner UAE traders invest in cryptos. Binance has a valuable portfolio with 50+ assets, including Pi coin. It offers a native stablecoin, BNB, which comes with attractive incentives.
Binance follows strict rules under the FCA. It has a straightforward fee policy and doesn’t charge any hidden fees. The execution fees begin at 0.10% per trade. Binance account holders receive discounts by holding BNB coins in their accounts.
3. Coinbase – Leading Global Exchange With Top-Tier Licenses
Coinbase is a worldwide cryptocurrency exchange in the UAE for buying PI. It offers an excellent portfolio and has a good reputation. Coinbase follows strict rules and has top-tier licenses. It has access to popular crypto coins, including Bitcoin and Pi.
This global exchange has intuitive online trading platforms. It offers helpful learning and research tools. We recommend Coinbase for both beginners and experienced UAE traders. It has trustworthy and dependable online trading services.
How We Chose The Best Exchanges For Pi Coin
We choose the best exchanges to buy Pi Coin based on several criteria including Fees, Account, Withdrawal and Deposit. We commit to offering help to all UAE traders. Our goal is to help beginner and advanced traders make intelligent choices with their money. This focus is the reason why we share both strengths and weaknesses.
Fees: A transparent fee policy is essential for your online trading success. Some Pi coin platforms in the UAE offer a simple fee structure; others don’t. Verify our in-depth fee reviews to learn more about UAE exchanges and costs.
Account: Online trading platforms have many account tiers. Some exchanges request an initial deposit and have a minimum requirement. Others don’t request an initial payment for opening new accounts. Our in-depth account reviews offer detailed information on account tiers and payment methods.
Deposit and withdrawal: Withdrawing and depositing money needs to be simple. Funding an account takes longer with some crypto platforms than with others. Some UAE providers don’t have a minimum deposit requirement. Verify our crypto exchange reviews to read more about the policies available with United Arab Emirates exchanges.
Products and market: UAE exchanges have different market coverage and portfolios. We recommend you select a platform with a comprehensive digital portfolio. Read our in-depth crypto reviews for more details about UAE exchanges and crypto assets.
Trading platforms: A trading platform with a simple design adds to a good trading experience. Choose a platform with a straightforward interface and useful portfolio. The UAE crypto platforms in our reviews are secure, but some might be challenging for beginners. Our in-depth trading platform reviews offer more details about UAE crypto exchanges.
Customer support: Customer service contributes to an outstanding trading experience. Trustworthy exchanges offer access to live chat, email, and phone support.
Safety: A secure online trading platform has top-tier licenses. It implements industry-leading security protocols and follows strict rules. Our in-depth reviews provided detailed information on trading safety for UAE traders.
How To Buy Pi Coin In UAE
You can buy Pi Coins in the UAE with top online trading platforms like eToro, Binance, and Coinbase. eToro is the top social trading brokerage firm. Binance is a good choice for UAE traders searching for comprehensive crypto portfolios. We recommend Coinbase because of its versatile and professional trading platforms.
The Pi coin (PI) is an excellent choice for traders in the UAE. The best option available to buy Pi Coin (PI) is eToro; it has excellent social trading platforms and crypto services in the UAE. There are four simple steps for purchasing PI with eToro:
- Sign up with eToro: The first step is to go to eToro’s official website and register a new account.
- Submit a valid ID: Thoroughly read the eToro’s verification guidelines and the Know Your Customer (KYC) rules. You must pass account verification before trading PI coins. A valid ID, like a driver’s license or passport, is necessary.
- Make an initial deposit: After passing account verification, you have to fund your account to start trading. UAE investors have many funding options like payment, credit card funding and bank transfers.
- Buy Pi coin: Type “PI” into the search bar to see the Pi coin’s value. Click on the ticker and start buying or selling PI.
Where To Buy Pi Coin In The United Arab Emirates?
Traders in the United Arab Emirates receive access to PI cryptos through trading platforms. We recommend eToro, Binance, and Coinbase.
Buying Pi Coin With eToro
eToro is a well-established online broker that offers intuitive and secure exchange platforms. It provides a diverse portfolio of 6,000+ instruments, including cryptocurrencies, altcoins, equity investments, and forex trading. The primary crypto assets available on eToro are Bitcoin, Ethereum, and Pi coin.
eToro also features a virtual trading account, which is beneficial for traders at all levels. With the help of a demo account, users can test different strategies using live market data. This can be particularly useful for those interested in learning more about Pi coin price movements.
In the UAE, eToro is recognized because of its competitive fees, including a 1.90% spread for withdrawing cryptocurrencies and no commission fees. The broker also offers advanced social trading features, allowing users to follow and copy the trading positions of top traders. eToro supports various deposit methods, also provides users with a digital wallet, and offers knowledgeable customer support.
Pros: Commission-free trading , Features many popular cryptos and fiat currency, Regulated by the FCA , Mobile app available , Offered in many countries , Demo account
Cons: It has a high spread , It lacks smaller cryptos and stocks
Buying Pi Coin With Binance
Binance is a popular crypto exchange for buying PI coins. It is a good fit for advanced UAE traders because of its professional research tools. The Binance platform has a professional design and offers different leverage solutions.
This cryptocurrency exchange has limited educational materials. It has some tutorials to help beginner UAE traders invest in cryptos. Binance has a valuable portfolio with 50+ assets, including Pi coin. It offers a native stablecoin, BNB, which comes with attractive incentives.
Binance follows strict rules under the FCA. It has a straightforward fee policy and doesn’t charge any hidden fees. The execution fees begin at 0.10% per trade. Binance account holders receive discounts by holding BNB coins in their accounts.
Pros: More advanced tools and technical indicators , Low spreads , Offers tutorials for beginners , Advanced trading platform , Mobile App available
Cons: It is not intuitive for beginners , It has unclear regulatory status
Buying Pi Coin With Coinbase
Coinbase is a worldwide cryptocurrency exchange in the UAE for buying PI. It offers an excellent portfolio and has a good reputation. Coinbase follows strict rules and has top-tier licenses. It has access to popular crypto coins, including Bitcoin and Pi.
This global exchange has intuitive online trading platforms. It offers helpful learning and research tools. We recommend Coinbase for both beginners and experienced UAE traders. It has trustworthy and dependable online trading services.
Pros: Low spreads, Access to different payment methods, including bank transfer from a Euro bank account, Offers tutorials for beginners , More advanced tools and technical indicators , Advanced trading platform , Mobile App available
Cons: It is not intuitive for beginners , It has unclear regulatory status
How To Buy Pi Coin Using eToro?
The best option available for the UAE cryptocurrency trading platform for buying PI is eToro. It is an online broker with an excellent reputation and secure services, which makes your funds secure. It offers a multi-asset investment platform for beginners and advanced traders. Read below our step-by-step guide on using eToro to trade PI tokens in the UAE.
Step 1: Sign Up With eToro
The first step for UAE investors is to open a brokerage account with eToro. Their main website provides a sign-up form. You’ll have to submit your full name, address, source of funds, date of birth, and contact information.
Step 2: Verify Your Account
After you’ve submitted your personal information, the next step is to verify your account. eToro has a trading limit of up to $2,000 before verifying an account. UAE users have to submit a copy of their I.D. and proof of residence. This secure broker follows strict KYC rules from the UAE. Passing KYC verification is mandatory for residents of the United Arab Emirates.
Step 3: Fund Your Account
You can fund your account with different payment methods. Choose a funding solution that meets your needs. After you select a funding method, the next step is to buy PI.
Step 4: Buy PI
eToro allows you to start your first crypto “buy” when your deposit appears in your wallet. Digital assets have different symbols. Clicking on one ticker will start your transaction. Choose the amount of crypto you’d like to buy and click “Submit.” Your trade will be completed in a couple of minutes.
What Is The Pi Coin?
Pi Coin is a cryptocurrency that uses the proof-of-work (PoW) system. It lets users download its app and gain access to tokens from their mobile devices. Traders have the chance to earn thousands of Pi tokens by using the app and a cryptocurrency converter. The downside is that there is no clear proof that any coins exist at the moment.
Back in 2021, the Pi coin creators organized a hackathon to support the creation of new blockchain projects. Winners got a prize consisting of 100,000 Pi.
The main advantage of Pi coin is that it has fast transaction times. It is secure and uses some of the best safety protocols. This digital asset is valuable and has the potential to rise in value. Our in-depth reviews offer detailed information on cryptos, their market cap, and their risks.
Why Should You Buy Pi Coin?
You should buy Pi Coin because it has a reliable mobile app that quickly monetizes a user’s activity within the network. Pi Coin is a newer digital asset created in 2019. By the end of 2021, Pi coin wasn’t available on any exchanges and had 0 tokens in circulation. UAE traders access Pi from its proprietary app. We recommend that all UAE traders store their funds in a secure digital wallet. Read our in-depth cryptocurrency reviews to learn more about crypto trading safety in the United Arab Emirates.
How Much Does Pi Coin Cost?
In December 2021, Pi Coin had a price of around $0.007. It is available on your phone or app via their app. Users are allowed to mine it and follow its price fluctuations. Experts say PI tokens have the potential to generate impressive profits. But you should remember that cryptos are speculative assets. We recommend you check our in-depth crypto reviews for more information on crypto trading in UAE.
How To Buy Pi Coin Using PayPal?
UAE traders use PayPal to buy crypto coins like Pi. If you don’t have an account, you have to access PayPal’s main website to create one. If you have a PayPal account, click the “crypto” button on the PayPal app or website. There you receive access to a versatile crypto portfolio. Search for the ticker symbol of your preferred digital coin and start trading.
You need to use a bank transfer or a debit card transaction to fund your PayPal account. Users have a spending limit between $1 and $100,000 per week. Remember that PayPal charges many crypto exchange fees.
How To Buy Pi Coin Using BTC?
Bitcoin (BTC) is another option for buying Pi crypto in the UAE. Traders use BTC on most platforms to fund their accounts. It is best to store your digital coins in crypto wallets like Bitcoin Cash wallets. Securing your funds is necessary. Check our in-depth reviews to read about digital wallets and safety.
Buying Pi Coin Safely In The UAE
To buy PI cryptocurrencies safely in the UAE, it is advisable to use a cryptocurrency exchange or broker with top-tier licenses. Platforms that adhere to strict regulations generally have lower trading risks. eToro is a well-known crypto provider for UAE traders, offering reliable services and a solid reputation. It provides access to multiple payment methods and instant transactions.
For storing Pi tokens, consider using a wallet with an encryption key. Digital wallets use strong security measures, including private and public keys. It is recommended not to share your private keys with anyone.
The Risks Of Buying Pi Coin
Cryptos like PI tokens are speculative and come with significant risks. Online cryptocurrency trading remains risky. To avoid losing your money, start with a minimum investment. The Pi coin is secure, but it might be challenging for beginners. If you buy PI at a high price and the coin crashes, you risk losing all your money. Using leverage increases trading risks.
CFD crypto trading platforms let you use leverage with cryptos. Leverage might lead to dramatic revenue increases. But it comes with significant risks. Crypto coins are volatile, and we don’t recommend that beginners use leverage. Read our in-depth platform reviews for more details about risk management and trading.
Selling Pi Coin In UAE
If you have PI tokens in your account and want to sell them, consider using a crypto exchange or broker such as eToro. eToro is a popular option for cashing out cryptocurrencies in the United Arab Emirates due to its reputation for safety and reliability.
Summary
The Pi coin (PI) is an interesting digital asset. It is secure and rare, which might lead to dramatic revenue increases in the future. UAE traders use secure platforms and exchanges to invest in PI. Pi coin is secure, but you need to know where and how to buy it. We recommend it for advanced UAE traders.
FAQ
Are There Any Safety Risks For UAE Citizens?
Online trading has many risks. Crypto trading in the UAE is legal and safe. We encourage you to choose a crypto platform with top-tier licenses. Trustworthy licenses for online platforms include the CySEC, FCA, and ASIC. The platforms in this review follow strict rules. Our in-depth reviews discuss online trading safety for UAE traders.
What Is The Financial Regulatory Authority For Cryptocurrencies?
Digital assets, including Pi coin, are not regulated by a regulatory body. These are volatile and have no intrinsic value. If you lose your investment, not all countries will offer traders access to the local Financial Services Compensation Scheme. Verify with your local authorities for rules and restrictions.
Is A Digital Wallet Necessary To Buy Pi Coin?
Yes. Traders from the United Arab Emirates need to use a digital wallet to store PI. We advise against storing cryptos in the exchange’s wallet. Check our in-depth crypto reviews to read more about wallets, digital currencies and safety.
How To Sell Cryptocurrency In UAE?
Cashing out online tokens in the UAE is simple. For example, if you use eToro, you’ll get access to a portfolio where you have to click on the Sell button. A capital gain refers to selling coins for a higher price than you originally paid.
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Disclaimer
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money
This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.