A new Trading Account feature enables seamless deposits and withdrawals of Pi.
PiChain Global, a key player in the Pi Network ecosystem, has recently released a significant update to its non-custodial Web3 wallet, PCM Wallet.
On March 27, 2025, PiChain Global announced this update in a post on X, detailing several key features. The update aims to enhance user experience and streamline cryptocurrency transactions within the Pi Network ecosystem.
The app has been redeveloped using Flutter, a cross-platform framework, to provide a smoother and more responsive user interface.
Another feature is the introduction of muxed accounts, allowing users to have unique Pi deposit addresses and facilitating more efficient management of Pi balances within the wallet.
A new Trading Account feature enables seamless deposits and withdrawals of Pi. To ensure stability during the initial launch, a daily transfer and withdrawal limit of 200 Pi has been set. PiChain Global has indicated that this cap is temporary and will be increased soon to meet user demand.
To assist users in navigating these new features, PiChain Global has released a tutorial video providing a step-by-step guide on transferring, depositing, and withdrawing Pi using the updated app.
The PCM Wallet serves as a secure, non-custodial Web3 wallet and acts as a gateway to the expanding range of products and services within the PiChain Global ecosystem.
Here’s a breakdown of the key features included in the PCM Wallet update:
- Flutter-Powered Redesign: The app has been redeveloped using the Flutter framework. This cross-platform development tool is known for creating smooth and responsive user interfaces, which should lead to a better overall user experience.
- Muxed Accounts: This feature introduces unique Pi deposit addresses for users. Muxed accounts enhance security and allow for more efficient management of Pi balances within the wallet.
- Trading Account: A new Trading Account feature has been implemented to facilitate seamless deposits and withdrawals of Pi. To ensure stability during the initial rollout, a temporary daily transfer and withdrawal limit of 200 Pi has been set. PiChain Global has stated that this limit will be increased in the near future to accommodate user demand.
- Tutorial Video: To help users understand and utilize the new features, PiChain Global has released a step-by-step tutorial video. This guide will assist users in navigating the updated app for transferring, depositing, and withdrawing Pi.
- Enhanced User Experience: The move to the Flutter framework promises a smoother and more responsive interface.
- Improved Security and Efficiency: Muxed accounts offer unique deposit addresses, enhancing security. The Trading Account streamlines Pi transactions.
- User Guidance: The tutorial video is a valuable resource for users to understand the new features.
Regarding the Know Your Business (KYB) verification, PiChain Global has completed the document review stage and is awaiting final endorsement from the Pi Core Team to become a fully verified business within the Pi Network ecosystem.
Pi Network KYC Verification:
- KYC (Know Your Customer) is essential for verifying user identities and ensuring network security.
- Pi Network has a specific KYC process that users need to complete to transfer their mined Pi to the mainnet.
- The process involves using the Pi Browser app, providing identification documents, and undergoing facial recognition.
- Pi Network utilizes a system where verified users also act as validators to speed up the process.
- PiChain Global has completed the document review stage for their KYB and awaits final Pi Core Team approval.
PiChain Global and Pi Network:
- PiChain Global is an active participant in the Pi Network ecosystem.
- The PCM Wallet is designed to be a secure gateway to PiChain Global’s services within the Pi Network.
- The relationship focuses on expanding the utility and accessibility of Pi Network.
The Pi Network community has shown enthusiasm for the PCM Wallet update, appreciating the enhanced features and improved user experience. However, some users have expressed concerns about the KYB verification process, highlighting the importance of business legitimacy within the ecosystem.