KYC For Pi Network In 10 minutes: Here Is How It Works

As a researcher exploring the latest developments in the cryptocurrency sphere, I’m excited about the imminent open mainnet launch of the Pi Network. With an impressive user base estimated to reach 60 million strong, this innovative mobile mining platform is creating quite a buzz in the crypto community. Stay tuned for more updates on this game-changing technology that promises to disrupt and reshape the cryptocurrency landscape.

Before the highly anticipated launch of Pi Network’s mainnet in July, there is a six-month window for users to finish the mandatory Know Your Customer (KYC) procedure. To do this, applicants must meet certain conditions and adhere to a streamlined application process. Here’s a comprehensive guide to assist you.

Requirements to Apply for Pi Network KYC

Before starting the KYC application, ensure you meet the following requirements:

  1. Age Requirement: You must be 18 years or older.
  1. Government-Issued ID: You need to have the original copy of one of the following documents:
  • Passport (recommended)
  • Driving License
  • National ID 
  1. Clear Face for Liveness Check: Ensure your face is easily recognizable and matches the ID before starting the verification.
  1. Mining Duration: You must have mined Pi for at least 30 days.
  1. Time Commitment: The KYC application process takes approximately 5-10 minutes

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

Easy 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.

KYC For Pi Network In 10 minutes: Here Is How It Works

Step 3: Complete Mainnet Checklist Tasks

  • Go to the Mainnet checklist tab and complete all tasks up to the “Submit your KYC Application” task.

KYC For Pi Network In 10 minutes: Here Is How It Works

Step 4: Start the KYC Application

  • After finishing the prerequisite tasks, the KYC application tab will unlock. If not, manually access the “kyc.pi” area in the Pi Browser app.

Step 5: Select Your Country

  • On the KYC section’s first screen, select your country from a drop-down menu.

Step 6: Choose Your ID Document

  • Choose the type of ID document you will use for verification, with a passport being recommended.

Step 7: Follow ID Instructions

  • Read the instructions on the four slides carefully, then proceed.

Step 8: Capture ID Photos

  • Tap “Add front photo,” and take a clear image of your ID’s front. If required, add a back photo as well.

KYC For Pi Network In 10 minutes: Here Is How It Works

Step 9: Fill Out the Form

  • Fill out the form with information matching your ID document, including:
    • First name
    • Middle name (optional)
    • Last name
    • Gender
    • Date of Birth
    • Document ID number
    • Expiry date of ID
    • Country of Residence

Step 10: Complete the Liveness Check

  • Click on the “I’m Ready” button for a liveness check, ensuring your face is clearly visible to the camera.

KYC For Pi Network In 10 minutes: Here Is How It Works

Post-Application Process

Approval Timeframe

  • KYC approval can take from a few minutes to several months, depending on the accuracy of your information and the availability of validators in your country.

Checking Your KYC Status

  • Check your KYC status in your Pi Network app profile. A green checkmark indicates verification, while a loading animation means your application is still pending.
  • Alternatively, check the Mainnet checklist section. If the “Wait for KYC results” tab is green, your KYC is verified.

Application Review Process

    Application Fee

    • The KYC process costs 1 PI coin, which is rewarded to the validators.

    For further information, visit the Pi Network’s official KYC FAQs.

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    2024-07-04 10:44