I belive they goes with the KYC procedure to look more legit than their customers.
Just bought some small amount of BTC on coinify with creditcard. No KYC requirements found there..
Why? So i can just go in BOOM and buy the coins i want anyday. With a loaded QT.
Or if drugs suddenly becomes legal i can buy some of that for my BTC.
Topic: Are You Afraid of KYC? - page 23. (Read 31678 times)
I am not afraid of kyc what am afraid is what if my identity will be steal by the professional criminal and use it. Instantly I will become criminal unknowing. That is the serious possible things to happen because we don't know who holds our identification files.
KYC should be a simple process of doing the right thing and allowing yourself to do business with other.
everyone is afraid if a bounty requires KYC procedures because the security of our data is still not guaranteed by the owner of bounty. our personal data may be misused by anyone so that a review of the KYC procedure is required. so that we as users can feel safe about the data we have sent to the company.
what you said is the main reason why users are afraid of giving the KYC documents. This ICO are also not legal out of 10 project only one or two are genuine balance are just pump and dump so when giving our data can be miss used.
I am not necessarily afraid of KYC. There's nothing to be afraid especially if you have nothing to hide or if you know you are not falsifying any of your information. Nevertheless, KYC is a means of knowing the user or the customer/member/participant of a company or a project especially if there are money involve. Now, what is actually scary about this is that you are giving personal information to someone who may and can actually use it against you. Having this exchange of information makes you vulnerable to attacks and to identity theft especially nowadays where no on can be trusted over the virtual and online world. KYC should be accompanied by confidentiality clauses and legal contracts but, that, too, is a hassle.
When we are speaking about of legality and formality its okay to submit KYC but in this world of crypto currency it's the choice of the team member on ICO project to require it and it's the option of bounty Hunter and investor to join in or no.
I'm not a fan of KYC, but KYC is just for taxes. But as far as personal data is concerned, we leave them at every step
everyone is afraid if a bounty requires KYC procedures because the security of our data is still not guaranteed by the owner of bounty. our personal data may be misused by anyone so that a review of the KYC procedure is required. so that we as users can feel safe about the data we have sent to the company.
You should be worried about KYC, many of these ICOs are not properly equipped to handle and store sensitive data.
In fact, there was a KYC leak just this week;
https://thenextweb.com/hardfork/2018/02/07/sentinel-chain-ico-leak-passport/
In fact, there was a KYC leak just this week;
https://thenextweb.com/hardfork/2018/02/07/sentinel-chain-ico-leak-passport/
I was supposed to post that link, but thanks anyways. So just be reminded of the dangers of posting your personal data just for the sake of getting pennies. Just imagine if you data was leaked on the dark net, you just don't know how those criminals will exploit and took advantage. So the risk has increased many times that I wouldn't take the risk. Plus, there are no real guarantee that this ICO projects are not selling it themselves. And again, if it falls on the wrong hands, we are all going to suffer and the only thing we can do is regret. So as early as today, if you are joining bounty that requires KYC you better think many times before its too late.
For me , if i think the project is good . I will do kyc
The KYC check, which is sometimes carried out by the ICO team regarding the participants in the ICO signature campaign, is illegal, as it should not spread to us. This check should only be conducted against investors in order to avoid the possibility of laundering dirty money. Participants in the ICO generosity campaign do not invest in ICO projects and therefore the KYC review should not be conducted with respect to them.
Personally I don't like KYC. It's not bank to require my personal documents, so don't know why should I submit them. Later you can buy your copy on darkmarket 
I agree with you. KYC is really bad. I don't take part in any thing in which I have to make KYC. There are just too many fraudsters who are after the data. Since it is not easy to recognize every scam before, I prefer to do without. I also do not want my personal data will ever appear in the darknet. Here in the forum and on blockchains are enough data stored by me.
Personally I don't like KYC. It's not bank to require my personal documents, so don't know why should I submit them. Later you can buy your copy on darkmarket
I think KYC is necessary, but I fear my information will be leaked and used for malicious purposes. 
I only do KYC in exchange sites and good ICO project which I want to invest and trusted. I don't do KYC for airdrops or bounties.
But if you participated in good bounty (in signature, for example) and you want get your tokens, than you must do KYC, if you don't want to lose your money. For me it's not problem. But you really don't need to do KYC for Airdops. It's fail.Now, most of the companies are asking for KYC verification but we don't know whether they are asking for security purpose or for promotional purpose. If the project is potential then surely we have to upload the document for KYC verification otherwise, we won't get our tokens.
In my opinion KYC makes the mark of name centralised if security provided for personal information.
Somehow yeah. It's dangerous to submit your personal details to someone you don't know or a company that isn't officially recognized. Any one can claim 
to need KYC for a project and we might not know rhe persom asking for those details.
to need KYC for a project and we might not know rhe persom asking for those details. It feels like another problem such as merit system. KYC is another trial and big problem also in the users just like you and me. I agree for KYC to prevent scammers and multi account also. But as I recall many users are didn't pass KYC in their campaign and they didn't get their tokens so this is another disadvantage of users for requiring KYC. And many campaigns also are slow for auditing the KYC as you can see many users probably students because they didn't have government ID just like KYC requirements. But in the end this KYC process is a problem. This is a concern who are bounty hunters.
the kyc process is just an avenue for ico to know who they are dealing with, vis a vis to also check multiple account holders, i have done kyc on multiple campaigns and i got my tokens as it was stated in the campaign, on a personal note i am not afraid of the kyc process, i think its a welcome development and i expect other hunters to feel the same well, the only reason to be scared of such a process is if one has multiple accounts or probably someone with a bad intentions, a scammer. I only do KYC in exchange sites and good ICO project which I want to invest and trusted. I don't do KYC for airdrops or bounties.
But if you participated in good bounty (in signature, for example) and you want get your tokens, than you must do KYC, if you don't want to lose your money. For me it's not problem. But you really don't need to do KYC for Airdops. It's fail.Yes, most of the people afraid to upload the KYC because whether companies will harm their documents. Yes, if you find the potential project and team has the ability to develop what they mentioned in the roadmap, then we can easily upload the documents.
No I didn't know that.. So i don't care.
I only do KYC in exchange sites and good ICO project which I want to invest and trusted. I don't do KYC for airdrops or bounties.
But if you participated in good bounty (in signature, for example) and you want get your tokens, than you must do KYC, if you don't want to lose your money. For me it's not problem. But you really don't need to do KYC for Airdops. It's fail. Jump to: