Place the wire steamer rack insert in the bottom of the Instant Pot.
Add 1 cup of cold water to the Instant Pot.
Equally, space and place the eggs on top of the rack.
Place lid on Instant Pot and close. Make sure the steam release handle is positioned to "Sealing."
Press the "Manual" setting on "High Pressure." Use the "- or +" button to adjust the time to 3 minutes for soft-boiled eggs or 5 minutes for hard-boiled eggs.
It will take some time (about 10 minutes) for the pot to gather steam and pressurize. You may see some traces of steam exit from the float valve as it is pressurizing.
Meanwhile, make an ice water bath by adding 4 cups of water and 4 cups of ice to a medium-sized bowl. Set aside.
Once the display indicates "On" and begins the countdown at "5," and beeps when the cycle is complete. Press the "Keep Warm/ Cancel" button to turn the Instant Pot off.
Immediately "Quick Release" the pressure for soft boiled eggs, or natural pressure release for 5 minutes for hard boiled eggs. Cover your hand with an oven mitt or towel to carefully release the pressure from the pot, sliding the steam release handle to the "Venting" position releases all of the steam until the float valve drops down.
Carefully open the lid. Use a spoon to remove the eggs and add them directly to the ice water bath. Allow to chill for 15 minutes.
Lightly crack the side and bottoms of the eggs and carefully peel them.
Eat immediately or store in an airtight container for up to 3 days.