Topic: Has the purposed of kyc been diverted? - page 3. (Read 914 times)
Kyc has been deverted in something else which is not suppose be, but the hunters aspect has no choice has every real hunters will want to get their token reward base on the hard work done , but on every exchange which require some kyc is necessary as that will be a kind of security for money laundering.
I do not believe that our identity is not safe, not to accuse but identity is an important privacy and can be bought and sold for easy misuse.
for as much as security, in my opinion, most are safe because usually the project hires the services of a company that is specialized in managing kyc, but if your kyc that manages it is a direct bounty manager, be careful, maybe your data can be misused because I have experienced it
Day in day out there are new projects requiring kyc from investors
Exchanges requiring kyc, for some in order to maximize your ability to withraw large sums of cryptocurrencies and some even before you can trade on the exchange
The bigger question is how safe are our kyc documents?
indeed, at this time KYC is often used by a company for one of the required conditions for verification data. whether or not the problem is safe depends on a project that uses KYC. but all this time I use KYC, it's still safe. Exchanges requiring kyc, for some in order to maximize your ability to withraw large sums of cryptocurrencies and some even before you can trade on the exchange
The bigger question is how safe are our kyc documents?
The bigger question is how safe are our kyc documents?
If you care with anonymity and don't want to give your precious credential and kyc is not your cup of tea, even if you give it to trustworthy exchanges don't mean it will be safe. Your data could be hacked in the future and would be used to make criminal crimes. I mean, giving your information online is already risky tho.
Almost all new projects require KYC. I think your KYC will be safe. Many are like you in terms of KYC. It's better not to participate if you are in doubt about a project that needs KYC. But what you need to know is that projects that need KYC have greater potential for success.
The sad fact is that most of the projects demanding for KYC verification are owned by anonymous teams that prefer hiding under the veil of anonymity but they would not extend the same courtesy to their users and community. It's really sad TBH.
One of the concerned why it's not good to submit your information to the team which you also don't have any idea if whether legit or not, if they are requiring KYC but also hiding behind without any details about their personalities then why apply this requirements, it's safe to proceed when you know the team and you are trusting them for your personal data, it's still users preference whether to comply or not.
I have seen the example of actually selling the private data to other entities, which was provided during the KYC process of the project. I have now keeping the projects aside, which requires KYC. We should be careful about the data we provide.
Currently, we cannot know how secure we are, Maybe we have to learn to adapt to it. I hope there will be regulations on this issue in the near future.
The security of our data is correlating with exchange or ICO that requires those documents. If you believe in this exchange/project there should not be any problem, but be careful and do not provide a full KYC to strange and questionable projects.
The sad fact is that most of the projects demanding for KYC verification are owned by anonymous teams that prefer hiding under the veil of anonymity but they would not extend the same courtesy to their users and community. It's really sad TBH.
I am usually very sceptic about any platform that requires my KYC details with exception to some notable exchanges social sites. Though I understand some privacy policies that go with this but I am not certain to how extent they can be protected, so the best is to stay off from bounties or Airdrops that require them
I think there is already a law to support KYC and keep your information private in place for European countries and USA. I am not sure if it applies all around the world but that is basically all important places except Asia. There are laws that says if anyone sells or sends your information to a third party that is not agreed then they will be punished harshly, like both money and jail time at the same time.
Hence, no place would give your information away aside from government requesting it for something suspicious. Now considering they are defended in every aspect, there is still a chance it gets in the hands of bad people by hacking, if a website that collects that much personal information gets hacked then there is absolutely no way of stopping the hackers and you should be very careful.
Hence, no place would give your information away aside from government requesting it for something suspicious. Now considering they are defended in every aspect, there is still a chance it gets in the hands of bad people by hacking, if a website that collects that much personal information gets hacked then there is absolutely no way of stopping the hackers and you should be very careful.
Day in day out there are new projects requiring kyc from investors
Exchanges requiring kyc, for some in order to maximize your ability to withraw large sums of cryptocurrencies and some even before you can trade on the exchange
The bigger question is how safe are our kyc documents?
Exchanges requiring kyc, for some in order to maximize your ability to withraw large sums of cryptocurrencies and some even before you can trade on the exchange
The bigger question is how safe are our kyc documents?
Generally, it is not safe and it will never be safe, especially in the ICO's, they are unregulated, you do not even know who are the people behind those faces, they are not compliant to any government and so they can sell your vital information in the market, without you knowing anything about it.
Day in day out there are new projects requiring kyc from investors
Exchanges requiring kyc, for some in order to maximize your ability to withraw large sums of cryptocurrencies and some even before you can trade on the exchange
The bigger question is how safe are our kyc documents?
Personally I don't think there is guarantee of safety on any information divulged in the process of submitting kyc. Requiring kyc from investors are actually meant to know where they are from as we all know that some countries are not crypto friendly but when bounty hunters are required to undergo kyc, I do not agree with that. Exchanges requiring kyc, for some in order to maximize your ability to withraw large sums of cryptocurrencies and some even before you can trade on the exchange
The bigger question is how safe are our kyc documents?
Day in day out there are new projects requiring kyc from investors
Exchanges requiring kyc, for some in order to maximize your ability to withraw large sums of cryptocurrencies and some even before you can trade on the exchange
The bigger question is how safe are our kyc documents?
Exchanges requiring kyc, for some in order to maximize your ability to withraw large sums of cryptocurrencies and some even before you can trade on the exchange
The bigger question is how safe are our kyc documents?
Our KYC documents are not safe because most of those exchanges sell our data to third party for real cash. Sometimes I even like to ignore ICO projects that requires KYC because I never feel safe giving them my KYC documents.
I dont just a ven know why we call this a decentralized technology as many exchange now are even not good for trading and even bounty are asking for KYC which I dont think is even good for any thing to think off, and base on this fact they have made the purpose been rubbish because I dont know why dex will be asking people to provide ktc when blockchain purpose is mainly on privacy.
Day in day out there are new projects requiring kyc from investors
Exchanges requiring kyc, for some in order to maximize your ability to withraw large sums of cryptocurrencies and some even before you can trade on the exchange
The bigger question is how safe are our kyc documents?
It depends to whom you submitted your KYC documents. If it is a new unknown exchange or a program, there is a high chance of the documents not being safe with them. Again, if it is a well known reputed institution or an exchange or a project, your documents will be safe but can not be guaranteed. I would suggest you to avoid those new exchanges/projects that requires you to submit KYC documents. There is a high chance they will sell your information after scamming you out. Exchanges requiring kyc, for some in order to maximize your ability to withraw large sums of cryptocurrencies and some even before you can trade on the exchange
The bigger question is how safe are our kyc documents?
Kyc is important in most financial transactions . It helps to reduce cases of fraud but truth be told kyc process in Crypto is becoming too demanding that one could begin to wonder if there is more to it than just trying to get to know ones customers. I just wish that people's documents are not being used for something else
Day in day out there are new projects requiring kyc from investors
Exchanges requiring kyc, for some in order to maximize your ability to withraw large sums of cryptocurrencies and some even before you can trade on the exchange
The bigger question is how safe are our kyc documents?
In my opinion our documents are not safe at all because they could have some hidden agendas while they collect those documents from the gamblers in the name of KYC. We have seen many a times when there are documents for sales on the deep web, these information you provide now can be hack from the website and be use for illegal stuff. Exchanges requiring kyc, for some in order to maximize your ability to withraw large sums of cryptocurrencies and some even before you can trade on the exchange
The bigger question is how safe are our kyc documents?
Jump to: