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Cryptocurrency News Articles

Pi Network Releases 2FA for Wallet Confirmation – Will This Impact Pi Coin Price?

Mar 19, 2025 at 08:30 pm

Pi Network has released two-factor authentication (2FA) for wallet confirmation, a new security measure requiring some Pioneers

Pi Network Releases 2FA for Wallet Confirmation – Will This Impact Pi Coin Price?

Pi Network, the mobile crypto mining app, has introduced two-factor authentication (2FA) for wallet confirmation. This new security measure will require some Pioneers to complete 2FA using a trusted email before their Pi is successfully migrated to the Mainnet blockchain.

According to the recent announcement by the Pi Core Team, this feature is designed to "secure and confirm" Pioneers' Pi Wallets, ultimately supporting the security of both accounts and assets.

Certain Pioneers who migrated their Pi to Mainnet over the last few weeks—but are still within the 14-day pending period—will also need to complete 2FA or their Pi will be securely returned to their mining app. After completing 2FA, their same balance will get migrated again.

The trusted email will be used for 2FA

On March 13, 2025, Pi Network introduced a new security feature: two-factor authentication (2FA) for confirming a trusted email address. Some Pioneers may already have a trusted email they can use to start the 2FA confirmation, while others will need to set one up before completing the process.

Setting up the trusted email requires completing a liveness check to ensure the email address is provided by the account owner. Users will receive a prompt in the mining app to complete this step.

It’s also important to note that only Pioneers who have completed KYC (including tentative KYC) are currently eligible to add a trusted email. This email will serve multiple security purposes, including account recovery, so make sure to add an email that you personally own and trust.

If you use a random email address you don’t have access to, you will not be able to complete the liveness check and will be unable to confirm your wallet for Pi migration or recover your account in the future.

After adding a trusted email, Pioneers will gradually receive prompts after mining sessions, and in some cases email notifications, to complete 2FA to verify their migration wallets. Alternatively, users can complete 2FA wallet confirmation through the Mainnet Checklist.

In the 2FA interface, Pioneers must confirm access to their migration wallet (or change it by creating a new one) and will then receive another email to verify this confirmation.

For security purposes, Pi Network will only send emails from "noreply@pi.email." If you receive any other email, it’s likely a phishing or scam attempt.

Returned Pi balances during the migration pending period

For account and asset security, certain Pioneers who migrated their Pi to Mainnet within the last few weeks—but are still within the 14-day pending period—must complete the 2FA requirement. If they don’t, their Pi will be securely returned to their mining app.

The 14-day pending period after migration was specifically designed for purposes including this security measure. Once affected Pioneers complete 2FA, their original migration balance (or slightly more) will be enqueued again to the Mainnet blockchain.

Both the 2FA and Pi “return” features aim to ensure the security of Pioneers' Pi and accounts. Due to blockchain’s immutable nature and the non-custodial design of Pi Wallet, these features provide extra caution, ensuring Pi is sent only to the rightful wallet owner.

Pioneers who complete 2FA before any rollback will not be subject to Pi returns. Once 2FA is completed, Pioneers who had their migrations paused and Pi returned will have their migrations re-initiated.

If you’ve completed all Mainnet Checklist steps and are waiting for migration completion, make sure to add a trusted email and complete 2FA as soon as you receive prompts to do so.

How can this impact Pi coin price?

This new addition to the crypto project could affect the coin's market performance in several ways, potentially impacting the Pi price.

It might also lead to some complications and generate panic among users, which could ultimately affect the coin's value.

The introduction of two-factor authentication (2FA) to the Pi Network could have both positive and negative effects on the project's cryptocurrency.

Positive effects on Pi price

The increased security of wallets could boost confidence in the network, potentially attracting more users and investors who see Pi as a more secure digital asset.

This, in turn, could lead to a rise in demand for the coin, pushing up the price over time.

Moreover, reducing the risk of unauthorized transactions or scams could improve sentiment around Pi, encouraging long-term holding behavior among users.

If users feel their wallets are safer, they may be more likely to complete the migration process, increasing activity on the Mainnet, which could also have a positive impact on the coin's price.

However, there are also some potential negative effects to consider.

For example, some Pioneers might face difficulty completing 2FA, leading to delays in migration and potentially causing panic among users.

If users panic or misunderstand the requirement, they might rush to sell,

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

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