Pi Network (PI Coin) requires businesses to complete KYB (Know Your Business) verification to obtain a Pi Mainnet Wallet. As of now, four major cryptocurrency exchanges have been officially verified: OKX, Bitget, Gate.io, and Pionex.
KYB ensures business authenticity, fosters trust, and maintains regulatory compliance—critical for serving millions of potential users in the Pi ecosystem.
👉 Discover how KYB strengthens Pi Network’s integrity
Verified KYB Platforms
The following exchanges passed KYB verification:
- OKX
- Bitget
- Gate.io
- Pionex
What Is KYB in Pi Network?
KYB (Know Your Business) validates a business’s identity, ownership, and regulatory compliance to integrate with Pi Network’s ecosystem.
Key Objectives
- Confirm business legitimacy.
- Enhance user and partner trust.
- Meet financial and crypto regulations.
KYB vs. KYC
- KYB: For businesses; requires documentation and a $89 fee.
- KYC: For individual Pioneers; free identity verification.
Why Businesses Need KYB Verification
- Trust Building: Verified businesses are listed on Pi’s official KYB page.
- Regulatory Compliance: Ensures adherence to financial laws.
- Blockchain Integration: Enables seamless Pi Coin transactions.
- Fraud Prevention: Only verified entities receive Pi Mainnet Wallets.
KYB Verification Process
- Initial Form Submission: Provide business details via Pi Core Team’s Google Form.
- Verification Fee: Pay $89 for third-party service Sinaps.
- Sinaps Review: Checks documents, ownership, operational history, and compliance.
Impact on Pi Network’s Future
- Enhanced Security: Reduces fraud risks.
- Greater Credibility: Aligns with international financial standards.
- Stronger Ecosystem: Drives Pi Coin adoption in verified business operations.
FAQs
Q: How long does KYB verification take?
A: Typically 1–2 weeks after document submission and fee payment.
Q: Can individuals apply for KYB?
A: No—KYB is exclusively for businesses; individuals complete KYC.
Q: What happens if KYB fails?
A: Businesses may reapply after addressing deficiencies.
Tips for Businesses
- Monitor Pi Network’s official updates.
- Prepare complete documentation upfront.
- Avoid unverified entities claiming Pi Mainnet access.
👉 Explore Pi Network’s verified partners
KYB fortifies Pi Network’s ecosystem, ensuring transparency and compliance. With top exchanges like OKX, Bitget, Gate.io, and Pionex onboard, Pi Coin’s future looks promising.