Pi Network Review: Reliable or Scam? Full Review 2022
Have you ever heard of the Pi Network project ? This is a seedy crypto platform that is starting to get talked about. But then, the PI project is reliable? What is the real value Pi Network? Is it an online broker ? In this article, we are going to give our opinion on Pi Network So you will know if this project is worth your investment.
Network Pi review: do we recommend it?
In our opinion, Pi Network certainly has advantages but is not unanimous within the trading community.
The platform is well suited for novice traders, and its promise is enticing.
However, user reviews are indeed quite mixed. So let's see in detail what positively and negatively influences the opinions of the Pi Network project.
We then for this review the strengths of this platform, but also its disadvantages to know. It will also be a question of comparing it to another trading site, OKX , which in our opinion is more reliable, secure and suitable for beginners in cryptocurrency trading.
Pi Network review: the positives
In our opinion, Pi Network undeniably has strong points which can explain why already more than 8 million users have registered with it. Let's start with the positives of the Pi Network project, which are reflected in the positive reviews of Pi members.
1 – A crypto platform for everyone
First point: Pi Network is an ideal platform for beginner investors . It has an intuitive and easy to use interface. It is all the more an option accessible to all because it is used on a telephone.
Indeed, it is the only tool you will need to mine the cryptocurrency of Pi Network, which is Pi.
With the Pi Network app, you can mine cryptocurrency wherever you are , as long as your phone is charged.
Also, an internet connection is necessary in order to launch the mining daily.
This is a big difference between mining Pi, the virtual currency linked to Pi Network, and Bitcoin . The latter indeed requires a very powerful CPU system on his computer and an immense computing capacity. It is therefore not as democratized , whereas the Pi is intended to be.
2 – A more economical and ecological project
On the other hand, the Pi (PI) being a cryptocurrency that consumes little energy , it is therefore an economic and ecological project. In fact, not only does it not require large quantities of electricity, but it also avoids the purchase of expensive and polluting equipment for manufacturing and recycling.
In this sense, it resembles the Stellar Lumens (XLM) cryptocurrency project.
3 – The community aspect of Pi Network
Finally, some users appreciate the collaborative aspect of this project. It indeed gives the opportunity to participate in the construction of the Pi, by making it secure, by solving certain problems and by mining currencies. You can also participate alongside your loved ones, something that some appreciate.
Pi Network review: the negative points
Although Pi has undeniable strengths, you will certainly find areas for improvement during crypto trading.
1 – Just one more token?
First, many see IP as just “yet another virtual currency” in an already highly saturated market .
Many crypto currencies are emerging but few really manage to make a lasting and important place for themselves among the big names. This risk of non-success is thus one of the main reasons why many remain reluctant to invest in it.
2 – Limited customer service
We are also disappointed with the quality of its customer support . Indeed, there are only a few ways to contact the support team in the event of a problem. The site has no contact section and only offers a “leave feedback” form.
However, it is one of the essential components of any service and a lack of assistance can clearly be a source of stress and frustration for any user in difficulty.
3 – The limits of the mobile phone as a tool
Some will see this as a strong point, others as a barrier at the entrance if they do not have a compatible phone. This also means that you will not be able to separate your mining tool from your personal communication tool.
On the other hand, having the application on your phone exposes the latter even more to the risk of a security breach . If your account is ever hacked, you could also compromise the data on your smartphone itself.
4 – The exploitation of your data?
Finally, some are wondering online about the real purpose of IP creators. Indeed, the project receives criticism regarding its management of the personal data of its users. The platform is collecting data from millions of miners and their network. So, before using Pi, you have to ask yourself if giving up your private information is worth it.
Pi Network VS OKX: What to choose?
In our opinion, the PI Project is certainly an innovation in terms of crypto mining on phone while the OKX solution is practical. The OKX cryptocurrency exchange platform gives you the opportunity to diversify your investment, in cryptocurrencies and other financial assets. Let's compare these two sites.