Do you join ICOs that requires KYC? - page 64.

AUruHM

sr. member

Activity: 896

Merit: 251

Quote from: Haunebu on March 04, 2018, 01:56:34 AM

One simple word - No. This whole KYC fiasco is seriously disturbing and something that I do not support at all. It goes against what bitcoin and the crypto world stands for which is why I am against it. So many ICOS and companies conducting airdrops these days are actively asking for KYC these days which is completely messed up and people are willing to give away their information for quick profits which I understand, but more and more people need to boycott such campaigns so that they can stop this bullshit soon. I hope the crypto community rises up against this fiasco.

Also think. Definitely no! It's not difficult but for what? The main idea for crypto is decentralized and anonymity. And in this time we link docs and wallet self. And that's not what I'm saying about darknet and other places with that KYC. However, nobody worries about leaks.
That's why once more - NO!

Haunebu

hero member

Activity: 3178

Merit: 977

www.Crypto.Games: Multiple coins, multiple games

One simple word - No. This whole KYC fiasco is seriously disturbing and something that I do not support at all. It goes against what bitcoin and the crypto world stands for which is why I am against it. So many ICOS and companies conducting airdrops these days are actively asking for KYC these days which is completely messed up and people are willing to give away their information for quick profits which I understand, but more and more people need to boycott such campaigns so that they can stop this bullshit soon. I hope the crypto community rises up against this fiasco.

inthelongrun

hero member

Activity: 1862

Merit: 601

The Martian Child

I did invested some ICOs but I haven't tried one that requires KYC. Lately these KYC requirements just started when some governments are strictly regulating crypto currencies.

sabakamedvet

jr. member

Activity: 56

Merit: 1

Get Paid to Play your Media on Current

I have been doing it without much thought (picture of ID) , would hesitate more to give away passport information. But I start to think that maybe that have been a misstake (worried about identify theft)....
So from now on I will only do it for projects that I know is 100% legit.

Kilomans

full member

Activity: 350

Merit: 102

For me the answer is yes. Why nit . It's not a problem to complite KYC if u r not using multiaccount and other stuff like that. So yeah sure. I think very soon all ico will need to complite KYC for sure.

Acguy

sr. member

Activity: 308

Merit: 250

There are a lot of scams that want to get your info and that's the downside of doing KYC for bounties for ICO but it also help with not cheating the system.

mace15

hero member

Activity: 1428

Merit: 506

Quote from: valeru.aver on March 03, 2018, 03:55:47 AM

When I believe in the ICO that KYC requires, I provide my information.
They ask the KYC to make sure that the funds are not being used by terrorism, and also to get information about the investor and now most ICOs are asking about it. Of course, the introduction of KYS does not please me, because it is the provision of my data, but I want to get a profit)

Actually, for me it is okay to join Ico's that requires Kyc that we submit our identification. But before doing that we have to make sure that project is good and with really has capable of development of the project. It is necessary for some Ico just to follow with some regulations and just to protect investors benefit.

jassanpary

full member

Activity: 420

Merit: 102

Arianee:Smart-link Connecting Owners,Assets,Brands

Quote from: Vaerros on March 04, 2018, 12:45:47 AM

why? is it bad when ICO has somehting secure and what may keep your funds under a strict control? Undecided

cryptocurrency is a decentralized currency then why should we give KYC information to ICOs, bitcoin is ynlike fiat money where KYC is necessary. So I think in bitcoin KYC not requires it creates necessary problems, identity shouldn't be revealed then it would be better.

Vaerros

member

Activity: 185

Merit: 10

why? is it bad when ICO has somehting secure and what may keep your funds under a strict control? Undecided

coynedterm

hero member

Activity: 882

Merit: 500

Quote from: xtin-tin on February 26, 2018, 12:05:38 AM

Do any of you participate in ICOs that requires KYC (Know your Customer). We actually experienced this one on exchanges but how about in partipating in ICOs or just even in airdrop that requires KYC.

I think it depends as for me as they are many scams as well just getting your information. In some instances, we can be blind sometimes, mkay? I really do not join airdrops if it requires too needy to get your personal information.

I believe some people are not cautious as long as they can join airdrops. How about you? What are your thoughts about KYC in ICOS?

First of all if any ICOs airdrop is directly saying about to free join to get free coin but needed your details by KYC then I would like to suggest that don't go with them .
But it any ICO that is looking legimate and also that have better score in ICOs project then I would like to suggest you that go for the KYC verification Because in some cases few ICOs can take details but don't reveal any those of details which may they can use for Thier wrong work .
Personally I saw only once a ICO project who was asking for the KYC but I didn't invested and not gave any details .
So use your own mind according to condition whether you will needed to give or not otherwise cryptourrency is decentralised and it doesn't need any KYC details ( only regulations and taxation system by the government will take such details or any exchange in this time by government order ) .

kaloloy

full member

Activity: 238

Merit: 100

Quote from: Powerpuff on March 03, 2018, 04:15:13 AM

Some people set up separate bank accounts just for Crypto and don't link them to their other accounts. Good option except you still need to provide license, or passport or sin. Freaks me out for sure and I would join very few of them after doing a lot of research.

Well, smart investors won't join ICOs but instead if that ICO is worth of investment, we/they just wait for them to hit Crypto Exchanges and coinmarketcap.com.
Buying coins when they bump on coinmarketcap.com will cause their price value to drop and it's our chance to get them while they're cheaper.

DevilCredit

newbie

Activity: 154

Merit: 0

not all of the ICO apply KYC. for the moment only a few that apply this system in ICO them because the new KYC still remain. Even so, KYC has a good security system and liked by everyone.

kaloloy

full member

Activity: 238

Merit: 100

Quote from: xtin-tin on February 26, 2018, 12:05:38 AM

Do any of you participate in ICOs that requires KYC (Know your Customer). We actually experienced this one on exchanges but how about in partipating in ICOs or just even in airdrop that requires KYC.

I think it depends as for me as they are many scams as well just getting your information. In some instances, we can be blind sometimes, mkay? I really do not join airdrops if it requires too needy to get your personal information.

I believe some people are not cautious as long as they can join airdrops. How about you? What are your thoughts about KYC in ICOS?

I don't join any ICOs that requires KYC so that my identity would not soon get into trouble in the future.
There's a lot of incidents that has been noted that some clients and customers had a theft identity issues since they join KYC required ICOs since it was implemented.
I rather wait their Altcoin to bump on coinmarketcap.com and invest because most of the time the price value of a new Altcoin will go down so I could get them cheaper with no KYC bullshit.

Powerpuff

hero member

Activity: 839

Merit: 500

Some people set up separate bank accounts just for Crypto and don't link them to their other accounts. Good option except you still need to provide license, or passport or sin. Freaks me out for sure and I would join very few of them after doing a lot of research.

Thardz07

full member

Activity: 378

Merit: 100

Yes i would. KYC is not a difficult process but there are still people having the problem to compliance with it. I think only if the person is a terriost, involved in money laundering, banned by the EU Sanction or tried multiple accounts to cheat for more tokens, these people will not like KYC because they can't provide it. Good citizens all have no problem on complete the KYC. If you are afraid of being hacked, then you shouldn’t give your private keys if they required.

valeru.aver

full member

Activity: 350

Merit: 100

When I believe in the ICO that KYC requires, I provide my information.
They ask the KYC to make sure that the funds are not being used by terrorism, and also to get information about the investor and now most ICOs are asking about it. Of course, the introduction of KYS does not please me, because it is the provision of my data, but I want to get a profit)

Daydream 61

full member

Activity: 462

Merit: 104

what do the laws in your countries write? From when is KYC duty with you. $ 10,000? or does it have to be made for $ 10 KYC? that would be a joke Grin

There must be a law in every country

aalborg

full member

Activity: 602

Merit: 100

What I really hate is that some ICO obligate investors and bounty hunters pass KYC, even though they didn't clarify this point earlier.

qazgroup

member

Activity: 1022

Merit: 20

RiveMont

Yes if the ICO is really good or upto the mark of my investment analysis then i do not mind filling out my documents for the kyc requirement, it is necessary for some projects that fall in us jurisdiction mostly.

Stradivarioos

member

Activity: 350

Merit: 11

If it's really worth it then yes. In general, if possible, try not to participate in such companies.

Topic: Do you join ICOs that requires KYC? - page 64. (Read 4556 times)