Pi Network News: Users Panic as KYC Deadline Nears – Will You Lose Your Coins?

The post Pi Network News: Users Panic as KYC Deadline Nears – Will You Lose Your Coins? appeared first on Coinpedia Fintech News

With Pi Day just a day away, panic is growing among Pi Network users, known as Pioneers. Many fear they could lose their Pi coins due to ongoing issues with the Know Your Customer (KYC) verification process. As the final deadline approaches on March 14, 2025, frustration is rising as many struggle to get verified in time.

Verify Now or Lose Your Pi Coins, Says Pi Network

Tap to Earn Pi Network has announced that users who fail to complete KYC and transfer their balance to the Mainnet by 8:00 AM UTC on March 14, 2025, will lose most of their mobile balance. The team says this step is necessary to remove unverified accounts and maintain a clean network.

However, many users say they have tried multiple times to complete KYC without success. Crypto enthusiast Rod Thompson called this one of the biggest issues in crypto, saying he could lose over 10,000 Pi coins because some of his referrals haven’t completed KYC.

THIS is the biggest con job of Crypto so far.

The @PiCoreTeam has been earning add revenue for every one of my daily mining sessions, but I’m going to lose over 10,000 pi coins in three days because people I haven’t spoken to in two years haven’t done KYC???

At least one of… pic.twitter.com/7lDzgb59Qu

— Rod Thompson – Unofficially THAT Guy (@UnofficiallyRod) March 11, 2025

Users Left Frustrated

Many Pioneers report their KYC applications have been pending for over two years, with no option to reapply. This has left them stuck, unable to access their coins, raising concerns about whether the system is fair.

Another major complaint is that Pi Network earns money from ads shown during daily mining. Some users find it unfair that while the platform profits, many are unable to verify their accounts and access their earnings.

Balance Issues and Unfair Rewards Add to Concerns

Aside from KYC problems, users have also noticed inconsistencies in their balances. Some report that their unverified balance continues to grow, but their transferable balance remains small. This has led to doubts about the platform’s transparency.

Another issue is reward distribution. Some long-term miners with referrals claim they have received fewer Pi coins than others who mine irregularly, leading to frustration in the community.

Even those who have completed KYC face challenges moving their Pi coins to the Mainnet. Long lock-up periods have forced some users to sell their accounts on unofficial platforms, raising concerns about the project’s credibility.

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• Also Read :
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Pi Coin Price Outlook

Despite these issues, Pi Coin’s price has risen nearly 7% in the past 24 hours, as investors speculate on possible announcements for Pi Day. However, with the KYC deadline fast approaching and many users still unable to verify their accounts, uncertainty remains over the future of Pi Network.

As Pi Day approaches, users are left wondering – will their years of mining be rewarded, or will their fortune vanish into thin air?

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As per some sources, Pi Coin holders sell through IOUs on exchanges like “HTX” or through peer-to-peer trades on various exchanges.

Will Pi Network be listed on Binance?

Pi Network received 88% community support in Binance’s new voting model. If Binance follows its listing process, Pi Network could be listed soon.