Topic: Getting around KYC for ICOs (Read 659 times)
Instead of sending your funds to a pool like this that is centrally held, there are other less risky ways to circumvent the KYC issues especially for those that don't want to risk their identities falling into the hands of crooks, one of those ways is to pay people to do the procedure for you, there are services that does this, this way you can control your own funds.
I do not agree to send my IDs to any one, if I should pass KYC I should go to exchanges only, never send your IDs to ICOs websites, many ICOs were a scam.
I wonder what happened to those KYC documents from investors and bounty participants who joined SCAMMED ICO before.
That is one biggest fall of cryptocurrency, that SCAM ICO PROJECTS made the community suffer alot.
I hope this time we can turn the table around.
That is one biggest fall of cryptocurrency, that SCAM ICO PROJECTS made the community suffer alot.
I hope this time we can turn the table around.
It's an unknown middleman. I wouldn't just trust a random person who says he's from another country just like that. I mean I see that people have to worry about ICO's being a scam, and now adding another layer.
Then if legit, what if something happens to that person? What if they pass away?
Why use the services of unknown intermediaries for passing KYC, if there are many ways how to send this KYC with fictional or other people's data? I do not see this as a big problem. Now there are technical possibilities to change and retouch any documents. I try not to use the KYC check at all, sometimes I send my documents, however there are situations when the required documents are simply impossible to present due to the peculiarities of the national legislation. Then you have to show imagination. Then if legit, what if something happens to that person? What if they pass away?
Many ICOs have KYC requirements now and do not allow people from several countries (incl. USA, China, etc). In case anyone is affected by this, pls have a look here: https://bitcointalksearch.org/topic/ico-kyc-sanctions-buster-2805785
is this related to Donald Trump's statement that said something negative about crypto? so there is a prohibition. if for china, we already know that even a few years ago China had stated its rejection. 
You can avoid them if you don't like so you can find the other project without having KYC. I think there are many other projects which don't have KYC, and they allow the investor or the participants to join with them. The KYC is only a process to verify the investor and the participants before they can participate and invest with them. And if people don't want, the project cannot force them to do the verification.
I am sure that the project wants to know who their customer so they use KYC to get the information of the customer. I think that it is reasonable to see the project seeks to protect their project so only people who want to support their project will join with them.
For me,,, unless the project is really worth my time and I would want to visit it and even make it a real part of my life rather than an investment purely for the sake of dumping when price is right, I would not mind KYC.
The PROBLEM is not giving my identity, the problem is knowing what will happen to my information. If projects cannot even manage their work and development, how can they manage your identities?
If you invest your money then KYC you must do real. That there would be no problems later. In general, I do not like the KYC procedure.
If you are an investor, of course KYC is a must when you want to invest. Even if you do not like to do it, like it or not it must be done.
It is common for projects to conduct ICOs and investors are required to conduct KYC. So, this is not a big problem in my opinion.
Not only kyc is prohibited for some countries, but some ico and ieo projects also forbid users from several countries to participate in investing in their sales, and for some reason the two major US and China countries often get banned in various iCO or IEO projects.
If you invest your money then KYC you must do real. That there would be no problems later. In general, I do not like the KYC procedure.
But it would be something very difficult to get implemented on most ICO's in here, since most of them are just applying and licking the ass of the SEC and all that real shit.
Anyway, KYC is very disgusting, that is why i am trying to avoid that kind of icos.
Keep avoiding until you get zero ICO to join because believe me that as we progress in this crypto industry, things would become a little bit more complicated and KYC also would not be exceptional. We have always ask for regulation, and what do you think regulation is going to be all about, for government to be able to regulate the cryptocurrency world, they must definitely have access to data of its users. Anyway, KYC is very disgusting, that is why i am trying to avoid that kind of icos.
Do you ever think that Binance will ever give in to US demand on letting them have access to user’s KYC? But today, many of us have seen how they are even creating special domain for them to have access to their citizen’s data. So my friend, better you get used to this KYC because all ICO in a little time will surely demand for it always without exemption.
Nowadays, it is much easier to get an ID from telegram sellers and take part in ICOs without any problems. The idea is great, but I do not see a point to pay fee, when you can just buy a valid document on a black market, potentially from scam ICOs, that are selling it there 
if this is the fact that happen in dark web or black market, we have to very becarefull with our personal data.few days ago i am read headline news from my locak media, that said many people trade their own data.just contact him and request personal data so we didn't need to use our own data to participate in ICO or bounty campaign.
Nowadays, it is much easier to get an ID from telegram sellers and take part in ICOs without any problems. The idea is great, but I do not see a point to pay fee, when you can just buy a valid document on a black market, potentially from scam ICOs, that are selling it there
Many ICOs have KYC requirements now and do not allow people from several countries (incl. USA, China, etc). In case anyone is affected by this, pls have a look here: https://bitcointalksearch.org/topic/ico-kyc-sanctions-buster-2805785
The United States and China are implementing strict regulations for a new project. In fact, not only new projects, exchangers that have long existed are sometimes banned from operating in America if they do not meet the requirements because there will be large fines. An example is binance, a large exchanger that specializes in making exchangers for Americans and only certain coins are listed on the new exchanger
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But it would be something very difficult to get implemented on most ICO's in here, since most of them are just applying and licking the ass of the SEC and all that real shit.
Anyway, KYC is very disgusting, that is why i am trying to avoid that kind of icos.
Anyway, KYC is very disgusting, that is why i am trying to avoid that kind of icos.
You can avoid them if you don't like so you can find the other project without having KYC. I think there are many other projects which don't have KYC, and they allow the investor or the participants to join with them. The KYC is only a process to verify the investor and the participants before they can participate and invest with them. And if people don't want, the project cannot force them to do the verification.
I am sure that the project wants to know who their customer so they use KYC to get the information of the customer. I think that it is reasonable to see the project seeks to protect their project so only people who want to support their project will join with them.
But it would be something very difficult to get implemented on most ICO's in here, since most of them are just applying and licking the ass of the SEC and all that real shit.
Anyway, KYC is very disgusting, that is why i am trying to avoid that kind of icos.
Anyway, KYC is very disgusting, that is why i am trying to avoid that kind of icos.
It is definitely a good service. Americans and Chinese actually have a lot of difficulty buying tokens at some ICO projects.
But now KYC types are sold at very low prices, about 1 $ / KYC.
It seems that the creator of this service has offered a high fee.
But now KYC types are sold at very low prices, about 1 $ / KYC.
It seems that the creator of this service has offered a high fee.
This is awesome idea, a win win situation for investor who from restricted country. But how this system work ? you just do the kyc service for their account and you get pay, or pay at front with escrow service ?
But it would be something very difficult to get implemented on most ICO's in here, since most of them are just applying and licking the ass of the SEC and all that real shit.Anyway, KYC is very disgusting, that is why i am trying to avoid that kind of icos.
I believe that ICO teams need to begin to implement the FATF recommendations of June 21 this year and require bounty hunters to undergo such a test if the amount of tokens we receive exceeds one thousand dollars. And then, here you need to finally make sure whether such a requirement on KYC applies to those who not only send transactions in cryptocurrency for this amount, but also receive it. In any case, it is time to stop demanding a KYC check if such amounts are very small.
Very interesting....I wonder who would've done this for Polymath's airdrop lol.
I missed Polymath. What was special about it?
I reserve the right to refuse any ICO based on if I feel it's a scam.
I'm actually surprise about this KYC requirement for investors and even in signature, telegram and social media campaign because as far as I know cryptos as made to become anonymous but with KYC you need to disclose some personal imformations especially in ICOs does this means they put restrictions as to whom investment and opportunities will only be available?
I don't understand why the need for KYC and how it can protect investors. I think that for investors, this procedure is undesirable. I'm against it.
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