The new mobile mining platform Pi Network is about to change the way Bitcoin is mined. But to get the most out of your Pi, you need to verify your identity through KYC (Know Your Customer) in order to protect your account. This is done to make sure that only real people are using the Pi Network. To get through this process, candidates must meet certain standards and follow an organized application process. This guide will help you through on how to submit KYC application for pi network.
Pi KYC Application Deadline Extends
It has been announced that the Pi Network will extend the deadline for its Know Your Customer (KYC) application from September 30, 2024, to November 30, 2024. As part of the current 6-month Grace Period, this change gives Pioneers more time to send in their first KYC forms.
The limit for Pi Network KYC has been pushed back, but the final Date for moving to Mainnet is still December 31, 2024. People must meet both dates because if they miss them, they could lose most of their Pi balance from the past, excluding Pi earned in the last six months.
Pi Network is still committed to community involvement and the successful start of its Open Network goals, which is why this Date has been pushed back. This is a great chance for users to protect their Pi balance and help the network advance.
Eligibility Criteria to Apply for Pi Network KYC
Check that you meet the following standards before you start the KYC application:
- Age Limit: You must be at least 18 years old.
- Government-issued ID: You must have the original copy of any one of the following: a passport (which is suggested), a driver’s license, or a national ID card.
- Clear Face for Liveness Check: Before beginning the verification, make sure your face is readily identifiable and matches the ID.
- Mining Duration: At least 30 days must have passed since you started mining Pi.
- Time Commitment: Registering for KYC takes between 5 and 10 minutes.
Important: Eligibility, standards, and supply may be different in each country.
Steps to Complete the Pi KYC Verification Process
- Step 1: Install the Pi Browser app
You can get this app from the Apple App Store or the Google Play Store.
- Step 2: Get to the Mainnet Section
Press the side menu button in the Pi Network app to get to the Mainnet section.
- Step 3: Complete the Mainnet Checklist Tasks
Select the Mainnet Checklist tab and complete all the tasks up to the “Submit your KYC Application” item.
- Step 4: Start the KYC Application
The KYC application tab will become available after the necessary tasks are cleared. If not, go to the “kyc. pi” place in the Pi Browser app by hand.
- Step 5: Select Your Country
On the first screen of the KYC area, there is a drop-down bar where you can choose your country.
- Step 6: Select Your ID Document:
Select the kind of identification document you want to use for verification; a passport is advised.
- Step 7: Follow ID Instructions
Carefully read the steps on the four slides, then move on.
- Step 8: Take Pictures of Your ID
Tap “Add front photo” and click on a clear picture of the front of your ID. If you need to, you can also add a back picture.
- Step 9: Fill out the form
Provide information on the form that corresponds to your ID document, such as:
- Your first name and Last name
- Gender
- Date of birth
- ID number
- Expiry date of ID
- Country of Residence
- Step 10: Do the Liveness Check
Press the “I’m Ready” button to do a liveness check. Make sure the camera can clearly see your face. Now you can perform multiple liveness checks.
Post-Application Process Approval Timeframe
Getting KYC approved can take anywhere from a few minutes to a few months, based on how correct your information is and how many validators are in your country.
Verifying Your KYC Status
Go to your Pi Network app profile and check your KYC status. The application has been verified if there is a green tick and is still waiting for a loading image. You can also look at the Mainnet checklist area. Your KYC has been checked if the “Wait for KYC results” tab is green.
Reviewing Your Application
Your KYC application will be looked over by Pi users who have already been verified. At least two people from your country who have been KYC-verified check each application.
FAQs
What is PI KYC Application Fee?
The KYC process costs 1 PI coin, which is given to people who check the information.
What is the last date for submitting KYC Application?
The Pi network has extended the date for Pi KYC application submission till November 30, 2024.
How long does pi KYC verification take?
KYC verification pi network can take from few hours to few months.
Is Pi KYC Safe?
Yes, Pi network’s pi KYC legit and safe.
Conclusion
To get the most out of your Pi, you need to make sure that your Pi Network account is safe by verifying your identity. To make sure the user is who they say they are, they have to meet certain standards, like being at least 18 years old, having a government-issued ID, and having a clear face for the liveness check. It is important to follow an organized application process, from loading the Pi Browser app to finishing the liveness check. The time it takes for KYC acceptance to happen varies, and your Pi Network app profile will let you know when it’s done.
