{"id":252908,"date":"2024-12-03T20:00:25","date_gmt":"2024-12-03T11:00:25","guid":{"rendered":"https:\/\/pinetwork.masters-all.com\/?p=252908"},"modified":"2024-12-03T20:00:25","modified_gmt":"2024-12-03T11:00:25","slug":"pi-network-unverified-balance-guide","status":"publish","type":"post","link":"https:\/\/pinetwork.masters-all.com\/english\/pi-network-unverified-balance-guide\/","title":{"rendered":"Pi Network&#8217;s Unverified Balance: What it is, How to Convert to Transferable Balance, and Precautions"},"content":{"rendered":"<p>In Pi Network, the Pi coins held by users are managed in three different states. This article provides a detailed explanation of the particularly important &#8220;Unverified Balance&#8221; and describes the process for converting it to a Transferable Balance.<\/p>\n<h2>3 Balance Types in Pi Network<\/h2>\n<p>Pi Network has the following three types of balances:<\/p>\n<ul>\n<li>Unverified Balance<\/li>\n<li>Transferable Balance<\/li>\n<li>Migrated Balance (Migrated to Mainnet)<\/li>\n<\/ul>\n<h2>About Unverified Balance<\/h2>\n<p>Unverified Balance refers to Pi coins that are in a state where KYC (Identity Verification) has not been completed. This balance occurs in the following situations:<\/p>\n<ul>\n<li>Pi coins earned through mining<\/li>\n<li>Pi coins obtained through referral rewards<\/li>\n<li>Rewards from the Security Circle<\/li>\n<\/ul>\n<h2>Details of the Mainnet Checklist<\/h2>\n<p>Completing the Mainnet Checklist is essential for converting to a Transferable Balance. Key requirements include:<\/p>\n<ul>\n<li>Submission of identity verification documents<\/li>\n<li>Phone number verification<\/li>\n<li>Formation of a Security Circle<\/li>\n<li>Initial wallet setup<\/li>\n<\/ul>\n<h2>Conditions for Converting to Transferable Balance<\/h2>\n<p>To convert Unverified Balance to Transferable Balance, the following conditions must be met[5]:<\/p>\n<ul>\n<li>Completion of KYC (Identity Verification)<\/li>\n<li>Completion of all items on the Mainnet Checklist<\/li>\n<li>30 days of continuous app usage<\/li>\n<\/ul>\n<h2>Characteristics of Transferable Balance<\/h2>\n<p>Transferable Balance refers to Pi coins that are in a state where the following operations are possible:<\/p>\n<ul>\n<li>Transfer between wallets<\/li>\n<li>Migration to exchanges<\/li>\n<li>Transactions with other users<\/li>\n<\/ul>\n<h2>Relationship between Referral System and Balance<\/h2>\n<p>In the referral system, rewards obtained from referrers are managed as follows:<\/p>\n<ul>\n<li>Until the referrer completes KYC, the rewards remain in the Unverified Balance<\/li>\n<li>The mining rate depends on the referrer&#8217;s app usage status<\/li>\n<li>If the referrer deletes the app, the mining rate may decrease<\/li>\n<\/ul>\n<h2>Optimizing the Mining Rate<\/h2>\n<p>To maintain and improve the mining rate, the following points should be noted:<\/p>\n<ul>\n<li>Referrers need to use the app continuously<\/li>\n<li>Regularly check the activity status of Security Circle members<\/li>\n<li>Consider replacing inactive members<\/li>\n<\/ul>\n<h2>Best Practices for Balance Management<\/h2>\n<p>For efficient balance management, pay attention to the following points:<\/p>\n<ul>\n<li>Continue using the app regularly<\/li>\n<li>Complete the KYC application early<\/li>\n<li>Check the KYC status of Security Circle members<\/li>\n<\/ul>\n<h2>Common Precautions and Countermeasures<\/h2>\n<p>To effectively utilize Pi Network, pay attention to the following points:<\/p>\n<ul>\n<li>Select only reliable referrers<\/li>\n<li>Check for regular app updates<\/li>\n<li>Regularly review security settings<\/li>\n<li>Comply with community guidelines<\/li>\n<\/ul>\n<h2>Future Developments and Notes<\/h2>\n<p>With the development of Pi Network, the following points should be kept in mind:<\/p>\n<ul>\n<li>Regular review of terms and policies<\/li>\n<li>Checking for new feature update information<\/li>\n<li>Gathering the latest information from the community<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>In Pi Network, the Pi coins held by users are managed in three different states. This article provides a detai [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":252941,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[56],"tags":[29,674,3,822,821],"class_list":["post-252908","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pinetwork","tag-kyc","tag-mainnet-checklist","tag-pi-network","tag-transferable-balance","tag-unverified-balance"],"_links":{"self":[{"href":"https:\/\/pinetwork.masters-all.com\/english\/wp-json\/wp\/v2\/posts\/252908","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pinetwork.masters-all.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pinetwork.masters-all.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pinetwork.masters-all.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pinetwork.masters-all.com\/english\/wp-json\/wp\/v2\/comments?post=252908"}],"version-history":[{"count":0,"href":"https:\/\/pinetwork.masters-all.com\/english\/wp-json\/wp\/v2\/posts\/252908\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pinetwork.masters-all.com\/english\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/pinetwork.masters-all.com\/english\/wp-json\/wp\/v2\/media?parent=252908"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pinetwork.masters-all.com\/english\/wp-json\/wp\/v2\/categories?post=252908"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pinetwork.masters-all.com\/english\/wp-json\/wp\/v2\/tags?post=252908"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}