Have you heard that buying Pi through Banxa in the Pi Network app 'unlocks' the Wallet? Is that true? And if you're stuck in Phase 9 Provisional (pending KYC), does it make sense to spend money now?
Let's uncover what really happens and what the community expects for May 14 – a date that could bring great news!
🚨 Does Banxa 'Unlock' the Wallet? Yes, but ONLY IF...
Banxa is a service integrated with Pi Network that allows you to buy Pi with real money (card/transfer). Some say it 'activates' the Wallet, but the truth is more complex:
✅ If your KYC is already APPROVED, but your Wallet has not yet been released, buying Pi through Banxa may speed up the process, as it forces an update in the system.
❌ If your KYC is in PROVISIONAL PHASE 9 (pending), IT DOES NOT HELP TO BUY PI! Your balance will remain blocked until KYC is validated.
⚠️ Risk: Many users are spending money on Pi without being able to withdraw or transfer, thinking that Banxa will solve the problem. Don't fall for it!
🔎 Why is KYC Stuck in Phase 9?
- Suspicious documentation (blurry photos, inconsistent information).
- Delay in analysis (millions of users waiting for validation).
- System problems (some approved KYC still do not reflect in the app).
Solution? Check your status (Profile > KYC Application) and, if necessary, resend the documents.
📅 What to Expect on May 14?
The Pi Network community is eagerly awaiting May 14, as there are rumors that:
- New official announcement about the Open Mainnet (will it be?).
- Possible mass release of Wallets for approved users.
- Updates in the KYC process to reduce queues.
Will it be the big day? No one knows for sure, but many believe that a big movement is coming.
💡 Conclusion: Is it Worth Buying Pi Now?
✔ If your KYC is OK, buying Pi through Banxa could be a good way to accumulate before possible highs.
❌ If you are in Phase 9, wait for approval before investing.
⚠️ Keep an eye on May 14 – it could be a decisive day for Pi Network!
👉 Share this post to alert the community! Many are spending money without knowing the risks.
Do you think the Open Mainnet is coming? Comment below! 🚀 #PiNetwork #Banxa #KYC #PiDayMay14