Topic: Am done with KYC - page 38. (Read 22121 times)
I really hate KYC and besides those projects that require KYC turn out to be scam or pay very little coins. I think it is better you hide your identity and participate in projects that respect that than wasting your data on those that will steal it.
I support the ideas passed across in this post. Asides from bounty hunting, rendering ones personal details over the internet is a risky practice and in my opinion it's important to carry out proper checks to ensure the website is safe from hackers before dropping such intricate details.
KYC is just a way to make sure they are legit, if they are asking for your KYC information that means they are required by law as a company which means they are really taking it seriously. However do you know what those regulations do? Prevent them to go bigger beyond regulations. Hence, they mostly fail and never really go become big things. Do you know why the ones that do not ask for KYC makes money and pays you ?
Because, they have no regulations and nothing stopping them so they do whatever it is best for the coin no matter what which results with profits and paying people. So, it is not the KYC that is the problem it is the regulations. Look at New York for example, they increased the regulations on crypto companies so tight that you can barely find ANY company that works with crypto there.
Because, they have no regulations and nothing stopping them so they do whatever it is best for the coin no matter what which results with profits and paying people. So, it is not the KYC that is the problem it is the regulations. Look at New York for example, they increased the regulations on crypto companies so tight that you can barely find ANY company that works with crypto there.
Most of them are just delaying the payment by conducting kyc. Another reason for conducting one is that not all would do kyc so they would have less people to pay. IMO, kyc should just be for investors who actually invested in the project since bounty participants are not 'Costumers' at all.
Yes you right.
Me too i stop joining campain with KYC ID, that so danger.
And when i look again in that projects so many projects scamers and how if our ID is use for something illegal payment or other.
I quit for bounty KYC.
that's what makes me afraid to join Kyc even though we will be tempted by a gift that will be given by Kyc, but what happens now is that many scams make people afraid because we have to give our original ID before accepting a gift if the authorities don't responsible then our id can be the target of illegal payments. Me too i stop joining campain with KYC ID, that so danger.
And when i look again in that projects so many projects scamers and how if our ID is use for something illegal payment or other.
I quit for bounty KYC.
What if you joined a project and the ICO was a successful one, atfirst they dont require KYC nor announce that it must be given.
But at the end of the bounty and you know you got the stakes and number of tokens. but to collect it you must submit KYC.
What will you do?
But at the end of the bounty and you know you got the stakes and number of tokens. but to collect it you must submit KYC.
What will you do?
if its worth it and the coin itself has a big potential to grow its value because the team is reliable then i don't mind going through KYC verification. i have experience this before and i only give my personal information to those project that i know is legit.
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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
I don't think so, I did have a failure in some projects that asked for KYC filling, and part of the project turned out to be a scam, at first I was very hateful and distrustful of some projects asking for KYC, but in recent times almost all projects needed KYC for bounty hunters. and it turns out they are proven to be developing.
Yes you right.
Me too i stop joining campain with KYC ID, that so danger.
And when i look again in that projects so many projects scamers and how if our ID is use for something illegal payment or other.
I quit for bounty KYC.
Me too i stop joining campain with KYC ID, that so danger.
And when i look again in that projects so many projects scamers and how if our ID is use for something illegal payment or other.
I quit for bounty KYC.
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
I have received and made a profit from tokens that do not do KYC and have not received profit from those who do KYC, it's better not to do KYC because there is no guaranty that the token will succeed and your account will be safe, keep your identity protected, we have been warned by experts.
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
What if you joined a project and the ICO was a successful one, atfirst they dont require KYC nor announce that it must be given.
But at the end of the bounty and you know you got the stakes and number of tokens. but to collect it you must submit KYC.
What will you do?
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
What you get is something that you must learn, actually KYC or not is something that not be factor bounty campaign success or not. But maybe you wrong pick project and that project require KYC to get rewards. 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
We need more bounty campaigns with escrow so our the bounty funds will be secured and don't need KYC it's irrelevant for those who are part in bounty campaign, there are some bounty campaign that put KYC at the end of the campaign, i see it as a scam and i just cut losses with it, it's time to search for a bounty campaign with escrow so bounty hunters will not be scammed.I'd rather invest on non ico coins with consistent development rather than ico crap that just do nothing in a quarter when they can so much more in that time.
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
Absutely, like you i experience the same, most of the time bounty with KYC is most likely giving low profit, hope that KYC will remove for ever in the bounty campaigns. KYC also exposing our identity that can cause danger.
Kyc is not the problem for the people because kyc can make such security securer and helps the developer prevent anti money laundering.
Yes, I also noticed this trend, bounty campaigns, which were more profitable, did not require KYC. Of course, you need to carefully analyze the ICO project before passing the KYC procedure.
We have all made that mistake before, for giving our information freely to people we don't know for them to trade for their personal gains. But your post has drawn our attention to it and I won't fill any KYC form again
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
This is why I don't trust KYC or Know Your Customer by an ICO. I think that my personal info might be used for something that is not good or a scam. And what about those projects you gave your info? How much did they pay? $20 or below? I agree that those that didn't require KYC pays but those who doesn't they're not paying.
I have always said and will say that the KYC procedure should be avoided.I especially don't understand when bounty hunters are forced to undergo the KYC procedure.I don't send my data to people who can use it to their advantage.
These statistics may be appropriate for your experience. In fact, what happened against me was the opposite. Just research the projects better and do not send your data to where you do not know the source.
KYC is good there is bad if it is already kyc but it is difficult and the results obtained are not commensurate with the work it will certainly be a lot of people who are disappointed, and with KYC can anticipate fraud as well all surely there will be bad effects.
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