Every centralized exchange is required to do AML/KYC on their platform if they want to do it to prevent money laundering and the SEC penalty. That means there is no legit exchange that will run an IEO on their platform without asking the KYC to their costumer. If you do not want to send your KYC, do not participate in IEO but find ICO.
there are many projects do not require you to send your documents to participate in their sales.
Just because an exchange that runs an IEO and doesn't ask for KYC doesn't mean it is not legit. I would rather trust one that didn't ask these things. KYC is there to annoy and control us. Thinking anything else is being gullible.
I like the cryptocurrency due to the privacy, i do not like to send my IDs to anyone even if it is popular and trusted websites, requesting KYC to participate in IEO is against privacy why i have to send my ID to participate in IEO!!
Most of exchanges launched their IEO platform required KYC.
Is there any exchanges run IEO and do not required KYC.
If you are not willing to give IDs to the exchanges that KYC needs, you better not join IEOs because you have a high chance of being scammed by them. KYC is required to identify the customers who join the IEO it has been implemented so that the customers have the assurance that their investment money will be returned in the event that the IEO does not succeed.
How does giving someone else your KYC "insure" you will get your money back if the IEO fails? YOu just said you have a high chance of being scammed.
KYC is not that bad what people try to say. KYC is here to avoid scamming! Once I thought KYC is destroying my privacy. But now I think it is needed to protect a platform from account farmers or scammers. But don't submit your KYC information on a suspicious platform. I have no problem to do KYC in Bittrex but I will think twice to do in Hotbit!
What scammers?? Please explain?
KYC becomes the new trend because of too many scam projects lately. There are many in crypto that are against KYC but later on some of them understand that KYC is needed in order for projects to get approval from their countries laws.
KYC is indeed needed to see about the investors that are in it, and it is needed to judge whether the investor is genuine or just a bot and I see the KYC side with that function.
But to do KYC investors must be careful to do KYC especially projects that don't have much trust from the community
Where do you come up with this?