Topic: Be aware of KYC - page 2. (Read 238 times)
Most of the ICO project required investor pass KYC, not all of them also scam, most important is investor need to do their homework before join the ICO, we know that submit our information to third party is so dangerous, but do we have any choice? money or no money (don't KYC), so I hope that thekey, selfkey, icopass can immediately solve this issue
ICO without KYC sounds like a bad idea. Regulators want you do not sell your coin and get money from bad guys. We need KYC. Personally I never invest ICO without KYC. It is super risky.
Is that all ICO which required KYC always scam? I mean not just for paying our job. But in future there's a possibility to stole our identify for bad reason such as Paypall, credit cards and another reason. What reason they going to do that? Is there any solution for being not scammed if we want to join ICO that requires KYC?
You are right. although we need to provide KYC for lots of things, that is our identity and the identity theft is a most dangerous thing that can happen. I know a website that we need to register there and pass our KYC only once. After that we can provide our account name of that account to ICO and bounty and no need to provide passport or other details for each and everyone. But I don't know whether all the ICOs and bounties accept that.
Very interesting. And what is this site? can you give a link?
And I also agree there are serious risks with the theft of personal data. But alas, if you plan to invest - then you need to put up with it
I have seen icosid which is accepted by shivom ICO for kyc completion and login purpose. Such project is really require so that our identity can be safe from scammers
There is no way, many projects are KYC, the purpose is to make them look more standardized, if they really are a compliance company, these are not to worry about! You are advised not to upload your own key information! This is the safest!
You can participate through ICO pools without KYC, but it can also be a dangerous game, I guess there could be many scammers there. I think we just have to accept, that the cryptocurrency is not a very safe investment method, but have some great returns, so for me, it worth the risk.
You are right. although we need to provide KYC for lots of things, that is our identity and the identity theft is a most dangerous thing that can happen. I know a website that we need to register there and pass our KYC only once. After that we can provide our account name of that account to ICO and bounty and no need to provide passport or other details for each and everyone. But I don't know whether all the ICOs and bounties accept that.
Very interesting. And what is this site? can you give a link?
And I also agree there are serious risks with the theft of personal data. But alas, if you plan to invest - then you need to put up with it
One thing we can do is not to participate in ICO, bounty or airdrop that requires KYC. The reason is that we wouldnt be able to assure that they are not scam because they are all getting expert in getting customers and investors. I've already stopped joining and trying to get free stuff because i am afraid that they might stole my identity and use it for fraud.
That part is the most crucial. Especially when you need to fill up and submit your KYC in order to be able to participate in the sale. This is a big threat when the ICO that holds a sale, for example, they got hacked and have stolen some user identities, it will be a major disaster to us all.
Yes, it's also a concern for me.
I can't lose my credit for profit, so I won't submit any KYC.
I can't lose my credit for profit, so I won't submit any KYC.
You are right. although we need to provide KYC for lots of things, that is our identity and the identity theft is a most dangerous thing that can happen. I know a website that we need to register there and pass our KYC only once. After that we can provide our account name of that account to ICO and bounty and no need to provide passport or other details for each and everyone. But I don't know whether all the ICOs and bounties accept that.
KYC is a procedure that many ICOs implement. It is normal due to the uncertainty in regulations and the multi-jurisdictional scope of most ICOs. However, as investors, we have a serious problem with this, because everytime we want to invest, we have to upload yet another copy of our ID.
If I get scammed and lost my ETH or NEO... well, I can live with that. But if I am scammed and my identity is stolen, the damage can be extreme. Paypal accounts, credit cards, bills, services... the economic disaster can be huge.
What is the solution to this? I have read a bit about projects like CIVIC or The Key, but it seems that ICOs are reluctant to use these. WHY? As investors, we deserve to be treated with maximum care.
If I get scammed and lost my ETH or NEO... well, I can live with that. But if I am scammed and my identity is stolen, the damage can be extreme. Paypal accounts, credit cards, bills, services... the economic disaster can be huge.
What is the solution to this? I have read a bit about projects like CIVIC or The Key, but it seems that ICOs are reluctant to use these. WHY? As investors, we deserve to be treated with maximum care.
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