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In 2020, the cryptocurrency community witnessed a surge of interest in Pi Network, a mobile-first digital currency that allowed users to mine coins directly from their smartphones via a consensus algorithm. As Pi Coin (PI) gained traction, many holders eagerly anticipated its listing on major exchanges, particularly Binance, the world’s largest cryptocurrency exchange by volume. While Pi Network was not officially listed on Binance in 2020, many users explored ways to deposit, trade, or interact with the token on the platform. This guide covers the key steps and considerations if you attempted to list or trade Pi Coin on Binance during that period.
1. Understanding Pi Network’s Status in 2020
In 2020, Pi Network was still in its Enclosed Mainnet phase. This meant that no external transfers were allowed, and Pi coins could not be traded on any public exchange, including Binance. The network restricted all transfers to internal wallets to prevent market manipulation and allow ecosystem development. Therefore, any claim of a “Binance listing” in 2020 was likely based on rumors, scam announcements, or early speculation. Legitimate listings on Binance require KYC, smart contract audits, and compliance with exchange standards—none of which were applicable for Pi at the time.
2. Checking Binance’s Listing Announcements
If you hoped to see Pi Coin on Binance in 2020, the first step was to monitor Binance’s official channels: the Binance Announcements page, their Twitter account (@Binance), and their support portal. In 2020, Binance did list several new DeFi tokens and altcoins, but Pi was not among them. Any third-party website claiming otherwise should be treated as potentially fraudulent.
3. Avoid Scams: Phishing and Fake Binance Tokens
In the absence of an official Binance listing, malicious actors created fake “PI” tokens using the BEP-2 (Binance Chain) or BEP-20 (Binance Smart Chain) standards. These tokens were often named “Pi Network” or “PI” to trick users. Scammers would list these tokens on decentralized exchanges or claim to offer “Pi deposit addresses” on Binance. Users were urged to ignore such offers and never send real Pi or any cryptocurrency to a non-official address. Only interact with tokens that have verified contract addresses and official announcements from Pi Network or Binance.
4. Steps to Deposit Pi on Binance (If it Were Listed)
Assuming Pi Network had been officially listed on Binance in 2020, the standard process would have been:
• Create a Binance account and complete mandatory identity verification (KYC Level 2).
• Navigate to “Wallet” → “Deposit” and search for “Pi” or “PI” in the cryptocurrency list.
• Generate a unique deposit address for Pi Network tokens.
• Open your Pi Network mobile app and find the “Send” function (available only after the Enclosed Mainnet ends).
• Enter the Binance deposit address and confirm the transaction. The Pi blockchain would need to validate the transfer, which was not possible in 2020 due to internal network restrictions.
5. Trading Pi on Binance (Speculative Future)
For the sake of speculation, if Pi had been listed in 2020, trading would function like any other Binance spot market: users could place buy/sell limit orders, market orders, or stop-loss orders. Pi would likely be paired with USDT (Tether), BUSD, or BTC. However, without real deposits, no actual trades occurred. After the network’s Open Mainnet launch (expected in a later year), users would need to check Binance’s New Listing page for official PI currency pairs.
6. Alternative Exchanges in 2020
While Binance did not list Pi Coin in 2020, some smaller decentralized exchanges (DEX) and peer-to-peer (P2P) platforms listed “PI” tokens unofficially. Users were strongly advised to verify token contract addresses on BscScan to see if the token had any liquidity or user activity. In most cases, these tokens had zero real connection to the actual Pi Network blockchain and were classified as “dust tokens” or scams.
7. Summary: Did Pi Coin Get Listed on Binance in 2020?
No. Pi Network was still in its Enclosed Mainnet phase throughout 2020, and no official listing occurred on Binance, Coinbase, Kraken, or any top-tier CEX. The best course of action for Pi holders during that period was to continue mining, stay patient, and wait for the Open Mainnet launch while ignoring social media rumors. Always validate any listing news with Binance’s official announcements and Pi Network’s roadmap.
8. Final Security Tips
• Never click on unverified links promising “Free Pi airdrop from Binance.”
• Never share your Binance API keys, private keys, or 2FA codes.
• Use the official Binance app from the App Store or Google Play.
• Bookmark Binance’s official listing page: binance.com/en/support/announcement.