I left a bounty campaign recently because of kyc, i don't see any reason why they actually need a kyc for a token that is a utility, i think kyc is necessary for a security token. It is now a norm for all bounty whether it's utility token or security. I think you are right for utility project asking for kyc therefore it's suspicious.
Most of them asks for KYC so that people does not abuse their system, like joining a bounty program with multiple account or joining and hogging all those airdrops for themselves using multiple account (but I don't think they actually verify those users). But, most of those ICOs are just scam. They will just be making extra money by selling your identification on the dark web. It is always best to avoid them. 
Topic: Don't share your first email or KYC documents with every bounty or airdrop!!! - page 8. (Read 1802 times)
June 11, 2019, 01:58:54 PM
June 11, 2019, 01:51:33 PM
...we should not send our ID card or pass port for air drops but how about the legitimate project which it needs also kyc ...
There is no bounty or airdrop which is legitimate and needs full scans of your documents.
If airdrop or bounty ask for KYC of some sort than the only option is to send a document only with your picture, name and maybe country the rest should be fully covered.
One can add water stamps and other marks like an exact date or airdrop/bounty name, to make this document useless for resale. Only like this, you can send your documents.
They don't need full scans but never mention about this and this is how they stay safe from accusations an legal actions.
June 11, 2019, 01:03:01 PM
I really salute to you and your detailed analysis and report here. Eyes wide shut!
We have to be very careful about giving our personal information about any kind of registrations. Your article shows how the data which is our private data can be used for the benefit of other people. And there are many things hidden which we may don't know, can be done using our identity.
Rather, we should keep ourselves away while giving such confidential information to others, or I should say to strangers.
We have to be very careful about giving our personal information about any kind of registrations. Your article shows how the data which is our private data can be used for the benefit of other people. And there are many things hidden which we may don't know, can be done using our identity.
Rather, we should keep ourselves away while giving such confidential information to others, or I should say to strangers.
June 11, 2019, 12:40:12 PM
this is good thread, yeah i think we have to get private with our email and ID too.
i am not interest with bounty campain and airdrop with KYC because i think my ID is something important and have to protect.
we have to protect it.
i am not interest with bounty campain and airdrop with KYC because i think my ID is something important and have to protect.
we have to protect it.
June 11, 2019, 12:01:48 PM
I agree and I am tired of people arguing that KYC prevents duplicate accounts in bounties. The problem is that projects obtaining these sensitive documents is ripe for abuse. These documents are valuable and can be used for criminal or terroristic activities. It is time for people to take a stand against excessive KYC.
So we should not send our ID card or pass port for air drops but how about the legitimate project which it needs also kyc , anyway for me I'll use electric bill and for my e mail , I will use my alt account in my bitcoin profile just to have contact to the others member
June 11, 2019, 11:45:53 AM
Right now you have to be careful not to carelessly share your identity even for airdrop. I realize that it is very dangerous if we do KYC only for projects that are not qualified and even the project dies. So to do this now I really need to look further at the project that requires that.
The key point is never use your main email to register accounts on new websites, new platforms, just to join bounties. Main email should only be used to register your accounts on exchanges on which you store your money. KYCs can be done without fears or little fears of privacy leaks if you do it on big and reliable sites, like Blockchain, Coinbase, etc. For young/ new-born, and unverified exchanges (in terms of their operations, and their reliability), KYCs should be avoided as much as possible. 
June 11, 2019, 11:19:40 AM
There are many ways of verifying the identity of a person. The ICO, bounty and airdrops are collecting the personal identities illegally and selling them in the dark market.
That's why I'd rather talk to the bounty manager personally in a video call but never provide my personal documents.
Unfortunately for those that would like to get some tokens out of a project they find interesting more and more icos are requiring such documents if you want to buy their tokens or if you want to participate in their bounty campaigns, however I do not see the point of sending your documents, if a coin is any good it will eventually be traded openly and you can take the opportunity to buy it as soon as it hits the market and hold it it until it gains value. That's why I'd rather talk to the bounty manager personally in a video call but never provide my personal documents.
June 11, 2019, 10:26:40 AM
This is a brilliant piece of information and quite honestly, many atimes we tend to throw away our security consciousness in a mad rush to participate in bounties and airdrops not realizing how much of our sensitive information we are giving out in such KYCs
June 11, 2019, 10:15:04 AM
i will not comment for airdrop, but for bounty program, some bounty program make a rule that KYC was mandatory for eligible to joined their program, so i must filled my data on their form, and in the end my email got hacked by someone, good job for shit KYC.
June 11, 2019, 10:01:30 AM
Right now you have to be careful not to carelessly share your identity even for airdrop. I realize that it is very dangerous if we do KYC only for projects that are not qualified and even the project dies. So to do this now I really need to look further at the project that requires that.
June 11, 2019, 08:47:36 AM
Sharing or not sharing emails depends on each person's perspective and their demands at different period:
- When they need money, such as people whom live in third nations, a few cents mean lots of thing for them and their families' daily needs. So, they might accept such IDs discloses and take risks;
- That likely depends on how many crypto assets they have with accounts used the email to register. It is obviously that if they use the email to register accounts, in which they have huge money, they don't disclose their email easily, definitely.
- If they use their temp emails, the risks might become lower.
However, for KYCs, there are always lots of risks waiting for them.
- When they need money, such as people whom live in third nations, a few cents mean lots of thing for them and their families' daily needs. So, they might accept such IDs discloses and take risks;
- That likely depends on how many crypto assets they have with accounts used the email to register. It is obviously that if they use the email to register accounts, in which they have huge money, they don't disclose their email easily, definitely.
- If they use their temp emails, the risks might become lower.
However, for KYCs, there are always lots of risks waiting for them.
June 11, 2019, 08:36:21 AM
I left a bounty campaign recently because of kyc, i don't see any reason why they actually need a kyc for a token that is a utility, i think kyc is necessary for a security token. It is now a norm for all bounty whether it's utility token or security. I think you are right for utility project asking for kyc therefore it's suspicious.
I also think that it is very strange when in the bounty campaign they request KYC for utility tokens. I am always worried about this. but I still continue to participate in such projects June 11, 2019, 07:48:00 AM
I left a bounty campaign recently because of kyc, i don't see any reason why they actually need a kyc for a token that is a utility, i think kyc is necessary for a security token. It is now a norm for all bounty whether it's utility token or security. I think you are right for utility project asking for kyc therefore it's suspicious.
June 11, 2019, 05:30:40 AM
I heard these already, But i didnt know how deep the problem is. But luckily im not give my personal data to any airdrops only for those selected bounties that requiring KYC. each day i recieve a massive number of spam mesage to my email and i dont know how or where they get my email address. BTW thank you for this useful information now i know.
June 11, 2019, 04:56:57 AM
~snip
The question remains, why can't kyc be stopped? Because right now from what I've learnt today, even if a project is legit, they may still be selling their participants identities to the dark market. How can all this be stopped. Not everyone knows of this. I mean I that have been in the Crypto business for 2 years is just knowing about this now, what about the rest?
It's should be first come to yourself because even the project is legit, we still don't know if they will share or not share with other people our personal information.
What I don't want in crypto world is that case, especially KYC. Since crypto is more on 'decentralization' why we still need KYC?
Decentralization is useless if KYC comes in.
June 11, 2019, 04:05:33 AM
Yeah, you really have to ask yourself whether it's worth it to put your personal identifying information in danger like that.
Heck, the US government can't even keep their databases secure, this just happened:
https://thehill.com/policy/technology/447778-cbp-says-photos-of-us-travelers-license-plate-images-were-stolen-in-data
Title: CBP says photos of U.S. travelers, license plate images were stolen in data breach
Before you know it, your data is being used to commit fraud. Are those airdrops really worth it?
Heck, the US government can't even keep their databases secure, this just happened:
https://thehill.com/policy/technology/447778-cbp-says-photos-of-us-travelers-license-plate-images-were-stolen-in-data
Title: CBP says photos of U.S. travelers, license plate images were stolen in data breach
Before you know it, your data is being used to commit fraud. Are those airdrops really worth it?
June 11, 2019, 04:00:13 AM
people usually call bounties and nowadays airdrops as a "free money" kind of thing but they are missing the fact that it is not at all free. those who are paying them in their token are actually buying something from these newbies. it is their time that they are buying and also in cases where they have KYC they are paying for their documentation and all those personal information they give up, these ICOs are buying them to sell elsewhere and make profit. it has always been like this since not a single ICO is regulated to be forced to ask for KYC.
There is no such thing as free money. That email alone that they give out is worth something to someone. Imaging capturing 1,000 valid and active emails and sell that to a marketing professional. There's a lot of marketing professionals out there willing to pay out a lot of money for those email address that they capture from KYC's on ICO. Remember the saying, "If you are not paying for it, you became the product" June 11, 2019, 03:48:51 AM
people usually call bounties and nowadays airdrops as a "free money" kind of thing but they are missing the fact that it is not at all free. those who are paying them in their token are actually buying something from these newbies. it is their time that they are buying and also in cases where they have KYC they are paying for their documentation and all those personal information they give up, these ICOs are buying them to sell elsewhere and make profit. it has always been like this since not a single ICO is regulated to be forced to ask for KYC.
June 11, 2019, 03:48:17 AM
Hopefully this thread helps everyone who wants a gift from Airdrop to be more thoughtful, No matter how much the prize is not enough for us to give personal data and the scammer takes it to cheat then. My thinking we will be sought by the authorities, losses are greater than income dude KYC is the most important and must be maintained.
June 11, 2019, 03:44:47 AM
I hear you, dude. I have multiple throwaway e-mail addresses and don't often give any of them out when asked--and all of the spam I get on my gmail account gets routed very efficiently to my spam folder. Gotta hand it to Google, they've at least done that one thing very nicely...
I know you have and this is very good. Many experienced members know how to act and protect yourself but believe me, there are a lot more people that don't know anything.
This post is written only because I have spoken with a newbie about an airdrop lately and told him to create such a special bounty email and to cover all important details when he will send KYC documents. He was so blinded with the money and so afraid that he will not pass the KYC when something will be hidden, that he will rather send full scans, as to give the chance to miss the payout.
You have to remember that in some countries 100 or even 50$ is a month of hard work and these people will give their best email to be sure that they will not miss anything especially if a few family members joined too. This is so much money for them that they can't believe somebody wants to scam them.
He asks me literally about this couple of times and couldn't believe it? Or maybe better understand it.
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