Am done with KYC - page 3. | Bitcointalksearch.org

SistaFista

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Hexhash.xyz

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but kyc is done not only to know the customer, but a project has rules where the customer must be really pure, not bot. so I think if you do kyc you have to be careful that personal data isn't stolen because in my opinion kyc is sometimes needed for projects.

Indeed, KYC is like a filter from bounty participants because there were many of them caught cheating the campaign.
There was no KYC rule on the past bounty campaigns, but for the sake of prevent dumping, they need to eliminate the cheating hunters.

GideonGono

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Quote from: Dacosta Osei-Tutu on March 24, 2019, 12:50:35 AM

There is one thing I have realized from my experience with KYC for bounties. Almost all the projects I have provided my personal information to them failed to even get listed on exchanges and the project dies off. Surprisingly, those that didn't require KYC paid me and the project is truly developing. My point is, am beginning to think those project requesting hunters to go through KYC are just in for their information to trade and do not have any intentions to develop their crypto project so let's be vigilant about whom we carelessly give our details to, for some peanuts...May God bless our hustle

It is normal, I joined to some campaign in half year in just the same way that I also input my information. A token that I've got was just a four dollar for entire year. My effort and my time was waste already and I regret for that happen. I hope that my token, do have any exchange to have value.

BitcoinHunt3r

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Quote from: ?? on ??

Quote from: Dacosta Osei-Tutu on March 24, 2019, 12:50:35 AM

There is one thing I have realized from my experience with KYC for bounties. Almost all the projects I have provided my personal information to them failed to even get listed on exchanges and the project dies off. Surprisingly, those that didn't require KYC paid me and the project is truly developing. My point is, am beginning to think those project requesting hunters to go through KYC are just in for their information to trade and do not have any intentions to develop their crypto project so let's be vigilant about whom we carelessly give our details to, for some peanuts...May God bless our hustle

Absolutely agree. I believe that transferring your personal information to anyone unknown is very risky, even if you are promised a good profit. Normal promising projects do without KYC. There are other ways to determine if a real account or fake.

For now pick project that actually profitable, or maybe have potential to give big rewards is very hard. And what make it worse, when we think we already joined bounty without KYC (Which not mentioned early) and then when almost paid, they ask people to do KYC. If already work for a months, usually we don't have any choice to do KYC on the project so we can get paid.

DU18

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70% of bounty team and project managers now set kyc as the main requirement to get paid for bounty participants after the project ends, but unfortunately many of these projects have no value at all, and of course the value we get while participating in the bounty project is not commensurate with the data the kyc that we provide, now it is better indeed if we examine in advance how the project potential is, so that even if there is a kyc requirement at least the results we get can be in accordance with what we expect.

Youghoor

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Quote from: Dacosta Osei-Tutu on March 24, 2019, 12:50:35 AM

There is one thing I have realized from my experience with KYC for bounties. Almost all the projects I have provided my personal information to them failed to even get listed on exchanges and the project dies off. Surprisingly, those that didn't require KYC paid me and the project is truly developing. My point is, am beginning to think those project requesting hunters to go through KYC are just in for their information to trade and do not have any intentions to develop their crypto project so let's be vigilant about whom we carelessly give our details to, for some peanuts...May God bless our hustle

You better stop wasting your time joining any bounty projects that promise a huge sum of reward to bounty hunters. KYC is not the determinant of how successful a bounty project will be. You just have to spend some time to do a good research about a bounty project before thinking of joining it. This will help you avoid unnecessary KYCs which are not worth anything.

Patrix_1

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There is nothing scary in a simple KYC process. You are not James Bond that needs to secure his identity. However, KYC is a sort of cheating, because if it is implemented after an IEO/bounty to receive tokens, it is definitely a scam.

Pet240

jr. member

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Projects are meant to be invested in without requiring personal details, but for some reasons, which sometimes might be seen as the as the encouragement of centralization in what should be purely decentralized. KYC is not mandatory in some projects and I have seen a lot of them succeed. Which means that KYC is just unnecessary.

voteformeg

legendary

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i agree with you that it happens to much that after filling in all KYC details , the project did not come of the ground or the project failed , it could be dangerous to give all that info so let's be care full to which project we give that sensitive info

Christinebeauty

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Most of these projects come in just for information collection and retailing. Sometimes these companies from no where will be spamming your inbox with unnecessary messages and you will be wondering where they got your email from and how they were able to know you are crypto literate so might need that message. Friends let's gsurd our information

SamboNZ

sr. member

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Thats why its better to think before participating in a bounty. Is the projects realistic to be achieved, identities of the persons involved, are they collecting large amount of money. Participants should build their standards to not get disappointed since these people are asking for your identities.

Jorge158

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Activity: 434

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The issue is not with the idea of KYC but the project hosting the KYC. How authentic is the project doing KYC for? How is the project going to handle the KYC details of participants? These are some of the questions participants should ask themselves before giving out their identity documents out to projects.

inanilujimi

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Quote from: zeze18 on October 26, 2019, 06:25:58 PM

Quote from: Mila52 on October 26, 2019, 02:35:30 PM

I don’t participate in campaigns that initially requires KYC. But now this requirement is founding in almost every bounty. It’s worse when after several weeks or months after work the team requires you to go through KYC.Even worse, when the KYC is rejected as a reason for the allegedly poor quality of the photo.And after then really pity for the time and efforts that are spent of the project and personal data too.

Yes, KYC should be add before we start to work, not when the payment start we have to complete KYC.
So, we'll know before we start to work if we are accepted. So we won't dissapointed at the end if our KYC is rejected

if the payment is worth it might not be a problem for me, but if it's only worth $ 5 is it worth it bro?
why do they refuse if the data we provide is complete?
if you already smell scam on the project just leave it, there are still many bounty projects that do not have to use kyc to get their tokens, even the results are greater than filling kyc.

cahbagus555

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Quote from: Backupnime on October 26, 2019, 06:21:38 PM

Quote from: Mila52 on October 26, 2019, 02:35:30 PM

I don’t participate in campaigns that initially requires KYC. But now this requirement is founding in almost every bounty. It’s worse when after several weeks or months after work the team requires you to go through KYC.Even worse, when the KYC is rejected as a reason for the allegedly poor quality of the photo.And after then really pity for the time and efforts that are spent of the project and personal data too.

if for bounty campaign i think is normal because to minimze scammer join and take part on the campaign, i'm really prefer to send my personal identity to trusted Bounty Management Service (if the team project hire them), because I feel more secure in the security of my identity

Bounty campaigns sometimes need to eliminate participants who commit fraud by doing KYC and I also often do KYC on some bounty campaigns that I follow. Sometimes the KYC process makes us worry, but in my opinion there is nothing to worry about as long as the company is good because they will maintain the confidentiality of the data

akungagal

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Quote from: zeze18 on October 26, 2019, 06:25:58 PM

Yes, KYC should be add before we start to work, not when the payment start we have to complete KYC.
So, we'll know before we start to work if we are accepted. So we won't dissapointed at the end if our KYC is rejected

i agree with you, indeed the bounty manager should say it from the beginning before the bounty campaign starts.

if the participant agrees with kyc, the participant will continue his work as a bounty hunter. if the bounty manager says when the bounty campaign ends, participants will feel like cheated and forced to do kyc. because if they don't do it, their work will be a waste of time.

RDNX

member

Activity: 392

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As a bounty hunter, I've also experienced this. For example the Coinmetro project.
Coinmetro requires that bounty hunters upload KYC up to 2 times. In the end, I gave up, because the process was too difficult.

Itsmylife

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Quote from: JeffBrad12 on October 26, 2019, 06:29:29 PM

Quote from: zeze18 on October 26, 2019, 06:25:58 PM

Quote from: Mila52 on October 26, 2019, 02:35:30 PM

I don’t participate in campaigns that initially requires KYC. But now this requirement is founding in almost every bounty. It’s worse when after several weeks or months after work the team requires you to go through KYC.Even worse, when the KYC is rejected as a reason for the allegedly poor quality of the photo.And after then really pity for the time and efforts that are spent of the project and personal data too.

Yes, KYC should be add before we start to work, not when the payment start we have to complete KYC.
So, we'll know before we start to work if we are accepted. So we won't dissapointed at the end if our KYC is rejected

If the project is requiring KYC first before the bounty finished the bounty will definitely have low participants. that's why they usually put KYC at the end of the bounty which also to reduce the amount of people who can withdraw their rewards that's just a trick after all.
those kind of shady project is really a pain in the ass for some people, some investors will also get their money trapped if the project put the KYC verification after the funding is done. That's why a project should always put KYC first if they really serious about their project.
Personally i'm not against KYC but it's sometimes a huge gamble towards our ID because we're practically handing out our data to stranger.

It's not fair if they ask KYC at the end of the bounty campaign because no one want to give their personally data to stranger to get a little money. All of requirements must be showed at the first post of the bounty manager to make a deal with bounty hunters.

JeffBrad12

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Quote from: zeze18 on October 26, 2019, 06:25:58 PM

Quote from: Mila52 on October 26, 2019, 02:35:30 PM

I don’t participate in campaigns that initially requires KYC. But now this requirement is founding in almost every bounty. It’s worse when after several weeks or months after work the team requires you to go through KYC.Even worse, when the KYC is rejected as a reason for the allegedly poor quality of the photo.And after then really pity for the time and efforts that are spent of the project and personal data too.

Yes, KYC should be add before we start to work, not when the payment start we have to complete KYC.
So, we'll know before we start to work if we are accepted. So we won't dissapointed at the end if our KYC is rejected

If the project is requiring KYC first before the bounty finished the bounty will definitely have low participants. that's why they usually put KYC at the end of the bounty which also to reduce the amount of people who can withdraw their rewards that's just a trick after all.
those kind of shady project is really a pain in the ass for some people, some investors will also get their money trapped if the project put the KYC verification after the funding is done. That's why a project should always put KYC first if they really serious about their project.
Personally i'm not against KYC but it's sometimes a huge gamble towards our ID because we're practically handing out our data to stranger.

zeze18

sr. member

Activity: 938

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Quote from: Mila52 on October 26, 2019, 02:35:30 PM

I don’t participate in campaigns that initially requires KYC. But now this requirement is founding in almost every bounty. It’s worse when after several weeks or months after work the team requires you to go through KYC.Even worse, when the KYC is rejected as a reason for the allegedly poor quality of the photo.And after then really pity for the time and efforts that are spent of the project and personal data too.

Yes, KYC should be add before we start to work, not when the payment start we have to complete KYC.
So, we'll know before we start to work if we are accepted. So we won't dissapointed at the end if our KYC is rejected

Backupnime

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Quote from: Mila52 on October 26, 2019, 02:35:30 PM

I don’t participate in campaigns that initially requires KYC. But now this requirement is founding in almost every bounty. It’s worse when after several weeks or months after work the team requires you to go through KYC.Even worse, when the KYC is rejected as a reason for the allegedly poor quality of the photo.And after then really pity for the time and efforts that are spent of the project and personal data too.

if for bounty campaign i think is normal because to minimze scammer join and take part on the campaign, i'm really prefer to send my personal identity to trusted Bounty Management Service (if the team project hire them), because I feel more secure in the security of my identity

anatoliy0777

jr. member

Activity: 770

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It’s better not to not send your documents to someone and transfer some kind of KYC, it seems to me that bad projects simply sell our data to scammers, so it’s better to study the project competently and think a few times

Topic: Am done with KYC - page 3. (Read 22165 times)