Pi Network KYC Application is one of the crucial stages in KYC 8-mainnet checklists which leads to the successful migration of mined Pi tokens to Mainnet where it is sellable. Having a KYC-verified account gives you more rights in the Pi Network. Are you ready to move your Pi tokens to the mainnet? Before you do, it’s important to complete the Pi KYC (Know Your Customer) process. This is the 5th step on the Mainnet checklist, and it’s important for unlocking the full potential of your own Pi coins.
Don’t worry if you are confused about the KYC system. Many users are facing similar challenges, such as understanding how to complete the “Pi KYC Verification” option and what papers are needed.
This article will walk you through the steps to complete KYC Verification in Pi Network, Common Reasons for KYC Application Rejection, and the Fastest Ways to Get Approved. Don’t miss out on the chance to benefit from your Pi coins.
Overview of the Pi Network KYC Application
Pi Network KYC application is necessary for launching its open mainnet, a public blockchain that will be accessible to everyone. Pi Network is a mobile mining blockchain application that lets people earn Pi coins by doing simple jobs on their phones. However, the project remains in its development stage, with the delivery of an open Mainnet.
Importance of Pi Network KYC Verification
- The Pi Network KYC application enables users to transfer their minted Pi Coins to the Pi Mainnet.
- With completed KYC and Mainnet migration, users can sell their Pi coins.
- Pi KYC reduces fake accounts.
Pi Network KYC Application Requirements
The requirements for Pi Network KYC are not something so hard. They are as listed below;
- Applicant must have mined Pi via the Pi app for at least 30 days. This is not necessarily consistent, but applicants are advised to mine consistently to stand hire chances of success.
- Applicants for Pi Network KYC must have reached 18 years.
- A valid government-issued ID card such as NIN, driving license, etc.
- Clear-looking face for a liveness check
- Device with selfie-capability
- A functional camera
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How to Complete Pi Network KYC Application and Get Fast Approval
The steps to complete Pi KYC verification are straightforward though the approval process is two-phased. That is human-related and machine-related. Below is the general procedure for performing Pi KYC.
- Launch your Pi browser if already installed else download the browser now before proceeding.
- Now that the app is opened, sign in. Alternatively, you can click on the hamburger menu on your main Pi app and click on Pi browser to sign in automatically.
- Click on the KYC.pi tab
- Select your country and the type of document you want to use for KYC. An international passport and premium NIN slip are the best and most approved.
- Enter your details
- Upload the front and back pictures of the document for the KYC.
- Take selfies according to their guidelines.
- Click submit. A preview dialogue box will appear for you to verify the correctness of the data you want to submit.
- Hit submit if they are correct or edit if you need to edit them.
Common Reasons for Pi Network KYC Application Rejection on Pi Network
The following are some of the common reasons for KYC Application rejection on the Pi network made during the verification process:
- Selecting a territory/country where the user does not possess their official government ID.
- Wrong ID document from the ones supported on Pi Network or from the ID type chosen earlier.
- Data mismatch. Adding information that does not match those on the ID document, including the photo.
- Providing unclear or blurred pictures of the document or yourself.
- Under age. Users below 18 years of age cannot be accepted
- Lack of power supply in your device to complete the verification process.
- A new Pioneer cannot instantly apply for KYC verification
Frequently Asked Questions on Pi Network KYC Application
How long does it take for PI KYC to be approved?
Get a faster response to your Pi Network KYC application by providing accurate information. In rare cases, you could be verified within minutes. Just wait for a status update on your application – it will either be accepted or rejected.
What if I did not complete KYC in the Pi Network?
Pi accounts without KYC will not enter the mainnet phase so your Pi may be burnt out. Watch for your KYC slot to fill up the KYC before Mainnet.
I have done my KYC and it has been approved, but my Pi has not been migrated to Mainnet yet. Why?
Several factors could contribute to this delay. One possibility is that there might be a high volume of pending migrations on the platform, causing a backlog. Additionally, the migration process may require manual review by the team responsible for ensuring accuracy and security.
