If you do not do KYC on Pi network, you will lose your coins, did you miss the deadline?

March 14 was seen as “Pi Day” which has now passed. The biggest reason for this day was the Pi Coin KYC Deadline. This was the last chance when Pi users were allowed to transfer Pi balance to the open mainnet by completing their KYC verification (Pi Coin KYC Verification).

Now the question arises that do those who could not complete this process have any other option left? Also, if they could not do KYC, what will happen to their Pi Coin? Let’s know.

What was the purpose of Pi Network KYC?

• KYC i.e. Know Your Customer was an important process in Pi Network. The main objective of which was that only real and verified users should join the network. This process was necessary to prevent bots, duplicate accounts and fake profiles. So that the security and reliability of the network remains.
• If someone has not completed KYC by March 14, 2025, then they cannot transfer their Pi balance to the open mainnet. This means that their Pi balance will remain only inside the app and there will be no option to transfer it.
• Missed the KYC deadline? What will happen now? Pi Coin KYC Deadline
  If you have not completed the KYC process on time, then there are some important things to keep in mind:-
• It will not be possible to complete KYC after March 14, 2025 – that is, now new users or those whose verification was incomplete cannot participate in this process.
• The old Pi balance will remain locked – without KYC, your mined Pi cannot be transferred to the open mainnet.
• Pi Coins mined in the last 6 months will be safe – that is, if you have mined new Pi coins within six months, they will be safe, but there will be no option to transfer old coins.

What will be the benefit to those who complete KYC?

Those who have completed KYC on time can get some big benefits like they will be able to transfer Pi to the open mainnet i.e. they will be able to use their Pi coin and trade it with other users. Apart from this, those who are KYC verified can join the ecosystem of Pi Network and take advantage of its increasing use. Along with this, the value of Pi will also be affected. Which means that as more users come to the open mainnet, the value of Pi Coin can potentially change.

Future Prospects of Pi Coin Pi Coin Price Prediction

Now it will be interesting to see how Pi Network develops further and whether it really becomes a strong crypto project. Many people are speculating about the future price of Pi Coin but at the moment it is just an estimate.

Is KYC still possible?

If you missed the KYC deadline, then it is no longer possible to complete it. This means that your old Pi balance will remain locked and cannot be transferred to the open mainnet. However, if you have mined new Pi in the last six months, they could potentially remain.

Disclaimer: This article is written for cryptocurrency information purposes only. The cryptocurrency market is very volatile and it is important to consult a financial expert before investing in it. Make your investments wisely and at your own risk.