Understanding the Pi Network KYC Process

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by Giorgi Kostiuk

2 years ago

Made with AI

The Pi Network, a groundbreaking mobile mining platform, is set to revolutionize the cryptocurrency world. Boasting an impressive user base of around 60 million, Pi has become a topic of intense discussion among crypto enthusiasts eagerly anticipating its upcoming mainnet debut.

In anticipation of the much-awaited open mainnet launch, Pi Network has introduced a grace period of six months for users to finalize their Know Your Customer (KYC) process, which commenced on July 1. To successfully navigate this process, applicants must meet specific criteria and adhere to a structured application pathway. Here is a detailed guide to assist you throughout.

Requirements for Pi Network KYC Application

Before embarking on the KYC application journey, ensure you fulfill the following prerequisites:

  1. Age Criterion: Must be 18 years or above.

  2. Official ID: Possess an original copy of one of the following documents:

  3. Passport (recommended)
  4. Driver's License

  5. National ID

  6. Clear Facial Identity: Ensure your face is distinct and matches the ID for the liveness check.

  7. Mining Timeframe: A minimum of 30 days of Pi mining is essential.

  8. Time Allotment: The KYC application typically consumes 5-10 minutes.

Note: Eligibility, requirements, and availability may vary by location.

Steps to Complete the KYC Verification Process Step 1: Install the Pi Browser App

  • Download the Pi Browser app from the Google Play Store or Apple App Store.

Step 2: Access the Mainnet Section

  • Open the Pi Network app and navigate to the Mainnet section via the side menu.

Step 3: Fulfill Mainnet Checklist Tasks

  • Proceed to the Mainnet checklist tab and complete all tasks until the “Submit your KYC Application” step.

Step 4: Initiate the KYC Application

  • Upon completing the prerequisite tasks, the KYC application section will unlock. If not, manually access the “kyc.pi” area in the Pi Browser app.

Step 5: Choose Your Country

  • Select your country from the drop-down menu on the initial KYC section screen.

Step 6: Pick Your ID Document

  • Select the type of ID document for verification, with a passport being the recommended choice.

Step 7: Follow ID Instructions

  • Carefully read and follow the instructions on the four slides provided.

Step 8: Capture ID Photos

  • Click ‘Add front photo’ to capture a clear image of the front side of your ID. Optionally, upload a back photo as needed.

Step 9: Complete the Form

  • Fill in the form with details matching your ID, including first name, middle name (optional), last name, gender, date of birth, document ID number, ID expiry date, and country of residence.

Step 10: Undertake the Liveness Check

  • Proceed with the liveness check by clicking “I’m Ready,” ensuring your face is visible to the camera.

Post-Application Procedure Approval Timeframe

  • KYC approval duration varies from minutes to months based on information accuracy and validator availability.

Checking KYC Status

  • Monitor your KYC status in your Pi Network app profile. A green checkmark indicates verification, while a loading animation implies a pending application.
  • Alternatively, check the Mainnet checklist. A green “Wait for KYC results” tab confirms successful verification.

Application Review

  • Two KYC-verified individuals from your country will review your application.

Application Fee

  • The KYC process incurs a cost of 1 PI coin, rewarding the validators.

For more details, refer to the Pi Network’s official KYC FAQs.

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