Arent IDOs made on exchanges like Bybit, and Kucoin? Although I know some of them require identity verification (probably to make sure that no one is cheating the system) I don't believe that the data is shared with the projects.
IDOs are usually held on DEXs (hence the name), but instead they often accept new tokens subject to regulations. Even though requesting KYC is actually contradictory, I saw many IDO platforms implementing that requirement during the popularity of defi projects. In the end, there is no difference between IEO and IDO, only there are no locked tokens on your purchases. 
Topic: i'm aware to do kyc on Crypto project - page 2. (Read 286 times)
Many of the crypto Trading platfrom and other such as IDO platfrom required KYC for full access to their service. it'a not a big issue to do it. but, sometimes this type of project get down. On this sisuation they are able to sell our information on Dark web or other Agencies. also, if our goverment force them to share personal information i think they might be ready to share. so, it's hard to get full access from a KYC required project.
SO, last things is don't do KYC every time if it's not neceserry...
@Ratimov provided us with list of exchanges that can offer us services without KYC HERE
Many of the crypto Trading platfrom and other such as IDO platfrom required KYC for full access to their service. it'a not a big issue to do it. but, sometimes this type of project get down. On this sisuation they are able to sell our information on Dark web or other Agencies.
It is a big issue and that's why because of what you've said in the latter. And if you think that it's not a big issue to pass on with that, for the most as much as you can issue it's a matter of concern.also, if our goverment force them to share personal information i think they might be ready to share. so, it's hard to get full access from a KYC required project.
SO, last things is don't do KYC every time if it's not neceserry...
If the government steps in and that exchange or project is registered, they have to comply what's being asked on them. This has happened several times in the US and I think in some other countries as well. It's not just all about the projects that we're complying for KYC but also in many exchanges where we're sending our IDs and as well as for the casinos that might ask for it. If you don't want to comply for it, much better to choose wisely the platforms that you're using. SO, last things is don't do KYC every time if it's not neceserry...
if you have concerns regarding your privacy data, it is better to stay away from KYC wherever you access the platform. but if indeed you are required to do KYC for a trading platform or something else, of course, you have to verify that the platform is indeed reputable.
as for the IDO project, the KYC request is related to their launch platform. I don't know if the project personally asks for KYC documents before their product goes live. but if there is something like that, you better be careful and more serious about researching the project.
Seems difficult if aware for exposing data trough KYC in exchange account for investing in cryptocurrency, all exchange required with KYC and some new project launchpad trough IDO required for KYC. Personally I don't get problem with exchange market required for KYC and need to submit our ID but with new project and not popular yet I don't agree for submitting my document ID. Right now not only with participating in IDO required for KYC but also many kinds of airdrop project need to us to expose or submit ID document if want get airdrop reward, you will miss receive coins reward if not pass KYC. as for the IDO project, the KYC request is related to their launch platform. I don't know if the project personally asks for KYC documents before their product goes live. but if there is something like that, you better be careful and more serious about researching the project.
Can't denied with new rule for uploading document ID trough KYC because want to trade or withdraw fund in exchange market account required for KYC.
Many of the crypto Trading platfrom and other such as IDO platfrom required KYC for full access to their service. it'a not a big issue to do it. but, sometimes this type of project get down. On this sisuation they are able to sell our information on Dark web or other Agencies. also, if our goverment force them to share personal information i think they might be ready to share. so, it's hard to get full access from a KYC required project.
SO, last things is don't do KYC every time if it's not neceserry...
as for the IDO project, the KYC request is related to their launch platform. I don't know if the project personally asks for KYC documents before their product goes live. but if there is something like that, you better be careful and more serious about researching the project.
Arent IDOs made on exchanges like Bybit, and Kucoin?
There are also so called "launchapds" like (for example Enjinstarter, BSCPad etc) where majority of altcoin projects usually conduct their IDOs.My rule is to pretty much only submit AML/KYC when totally necessary. If my memory serves me right, the only crypto-related platform that I submitted AML/KYC is Binance simply because I really need(liquidity is quite high) their P2P platform.
Same here, I only went through KYC on Binance and it was only because I had to do it. What happened is that I lost access to 2FA (my phone suddendly died) while I couldn't find recovery code and it happened at the worst possible moment as I just sent some crypto there so it was either to forget about the money or go through KYC and I opted for latter as the amount was quite big. 
You do have a point, however in order to succeed in life, one must take risks. However, one must always choose their risks carefully. Anyhow, KYC (know your customer) verification means that the cryptocurrency exchange or platform may be exposed to your personal identification and transactions. If you are not watchful and careful, you may end up using a platform without adequate security measures, which leaves your personal information open to unauthorised access.
My recommendation is that you should pick a trustworthy cryptocurrency exchange or platform that has robust security procedures and a reputation for protecting user data and, if practical, utilise additional security measures like two-factor authentication in order to reduce this risk.
My recommendation is that you should pick a trustworthy cryptocurrency exchange or platform that has robust security procedures and a reputation for protecting user data and, if practical, utilise additional security measures like two-factor authentication in order to reduce this risk.
It’s probably not safe on to do kyc on every platform you come across rather just stick with reputable platforms that we know would last for some time. I only settle for platforms that have good reputation and is well used by alot of people rather than a new platform which may offer lesser fees and other enticing offers and services just to lure more customers to utilize their platforms. Let’s be careful how we give out our information on different platforms.
Generally nobody likes to undergo kyc but it's the urgency and necessity of the project that makes us give out our details granting us access to now be able to make use of such project. But if you feel you can't give out your details then there are alternative exchange with no kyc requirements, it all depends on what you're looking for and from which you can get what you're in need of.
When dealing with exchanges be sure to make use of exchanges with good reputation over the years, in the crypto industry reputation is an essential commodity that every crypto user should be interested in about an exchange before going on to register with it. For an exchange like binance even though been a Cex, owing to their reputation I doubt it's in the business of selling out customer's details to some dark web.
When dealing with exchanges be sure to make use of exchanges with good reputation over the years, in the crypto industry reputation is an essential commodity that every crypto user should be interested in about an exchange before going on to register with it. For an exchange like binance even though been a Cex, owing to their reputation I doubt it's in the business of selling out customer's details to some dark web.
My rule is to pretty much only submit AML/KYC when totally necessary. If my memory serves me right, the only crypto-related platform that I submitted AML/KYC is Binance simply because I really need(liquidity is quite high) their P2P platform.
IDO platforms though? I can live without 'em. I'd rather buy the shitcoins on DEX platforms.
IDO platforms though? I can live without 'em. I'd rather buy the shitcoins on DEX platforms.
Arent IDOs made on exchanges like Bybit, and Kucoin? Although I know some of them require identity verification (probably to make sure that no one is cheating the system) I don't believe that the data is shared with the projects.
You still cannot trust Kucoin or Bybit with your personal information. They may not share it with the projects can share it with some other third party who could use it for nefarious purposes.The best is never KYC in any platform especially you who're live in Bangladesh where Bitcoin is illegal on there, as you said above those project are ready to share with government...
Even if you live where Bitcoin is legal you should be aware that such laws change quickly and you cannot unshare your privacy.- Jay -
The best is never KYC in any platform especially you who're live in Bangladesh where Bitcoin is illegal on there, as you said above those project are ready to share with government, what if they know if their citizen are associated with Bitcoin? you broke your country law, better to check the punishment about that rule.
Privacy is important, you can use Bisq to trade without KYC.
Privacy is important, you can use Bisq to trade without KYC.
Arent IDOs made on exchanges like Bybit, and Kucoin? Although I know some of them require identity verification (probably to make sure that no one is cheating the system) I don't believe that the data is shared with the projects.
Now if you're referring to other platforms, then it's probably better to stick to exchanges you already have an account with. You don't want to just submit your documents to every platform out there. Besides, any big project will more than likely end up in one of these exchanges.
But if you're concerned about your identity (and you should be) then it's probably best to avoid KYC platforms alltogether..
Now if you're referring to other platforms, then it's probably better to stick to exchanges you already have an account with. You don't want to just submit your documents to every platform out there. Besides, any big project will more than likely end up in one of these exchanges.
But if you're concerned about your identity (and you should be) then it's probably best to avoid KYC platforms alltogether..
Many of the crypto Trading platfrom and other such as IDO platfrom required KYC for full access to their service. it'a not a big issue to do it. but, sometimes this type of project get down. On this sisuation they are able to sell our information on Dark web or other Agencies. also, if our goverment force them to share personal information i think they might be ready to share. so, it's hard to get full access from a KYC required project.
SO, last things is don't do KYC every time if it's not neceserry...
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