Topic: Is KYC benefit to crypto people or not - page 6. (Read 6455 times)
There is no related crypto profits for passing kyc' but it still needed many good exchange platform know you customer for their platform safety. Here some bounty needed kyc passing for take double entry and cheating hunter. In my opinion crypto profits will depend on your mind skills how much expert you have already.
In my opinion KYC does not provide benefits for crypto people, usually exchanges or some airdrops that implement KYC.
Therefore many people avoid KYC, so prefer exchanges that do not enforce KYC. And also do not follow airdrops asking
for KYC. Many crypto people avoid KYC because they fear that their data will be misused. KYC is actually already out of
the original purpose of the creation of cryptocurrency namely decentralization.
KYC for the exchange market to facilitate each user who has problems with balances, for example if you have 1 BTC in exchange of a wallet and suddenly your account is hacked and try to make a suspicious transaction, then your account will be temporarily quarantined until you upload the same important data when you did it before, this is important in authentic security measures. At present decentralization does not apply and changes many principles of initial creation in markets other than DEX. Therefore many people avoid KYC, so prefer exchanges that do not enforce KYC. And also do not follow airdrops asking
for KYC. Many crypto people avoid KYC because they fear that their data will be misused. KYC is actually already out of
the original purpose of the creation of cryptocurrency namely decentralization.
KYC is becoming more and more required in crypto now, and there is a possibility that within the next 2 years crypto wont be available as it is now without KYC and even harder regulations, i do so much hope that it don't come to that, it will kill the basic idea of crypto.
It is definitely a problem right now and as you say it is probably going to become an even bigger problem in the future but that is not going to kill the idea behind cryptocurrencies, what we need is more people to accept cryptocurrencies directly as a payment and that only is going to happen with more adoption, but once that happens those regulations are going to become meaningless because you will be able to use your coins directly to buy anything that you want without having to go through KYC.One of the major problems today in using cryptocurrency authentication and reliability of the data, crypto has money involve that you must to consider the validation of the users. KYC is one of the most significant needs to make sure both parties are safe from being a scam. To make sure the security of both users, they must need to submit validated information to make the transaction happen, but commonly, they hire a middleman to handle the transaction, but there's an additional payment for this kind of action.
In my opinion KYC does not provide benefits for crypto people, usually exchanges or some airdrops that implement KYC.
Therefore many people avoid KYC, so prefer exchanges that do not enforce KYC. And also do not follow airdrops asking
for KYC. Many crypto people avoid KYC because they fear that their data will be misused. KYC is actually already out of
the original purpose of the creation of cryptocurrency namely decentralization.
Therefore many people avoid KYC, so prefer exchanges that do not enforce KYC. And also do not follow airdrops asking
for KYC. Many crypto people avoid KYC because they fear that their data will be misused. KYC is actually already out of
the original purpose of the creation of cryptocurrency namely decentralization.
KYC is becoming more and more required in crypto now, and there is a possibility that within the next 2 years crypto wont be available as it is now without KYC and even harder regulations, i do so much hope that it don't come to that, it will kill the basic idea of crypto.
Kyc is good for the developer of the campaign since they can be assured that no one is violating the rule nor making a double entries, they dont want to pay for multiple accounts. I dont want to join to a bounty that needed a KYC it is kinda alarming and I always have a doubt on it. Better to be sure than tl regret it in the long way run.
Is KYC is benefit to crypto people or not. what are the advantages and disadvantages of doing KYC.
Universal money and Anonymous is the biggest strength of btc BTC, now every country follows KYC and then it can be controlled by someone.
Now KYC is trend in crypto market.....
In fact, I'm not quite sure about the dangers of providing my personal information to unfamiliar organizations. but I'm sure there's something shady because something valuable is required to send them. So for the sake of our future and identity, we should no longer provide our own KYC. bounty campaigns that require KYC are all lies and just want to reap our benefits, stay away from such projects.Universal money and Anonymous is the biggest strength of btc BTC, now every country follows KYC and then it can be controlled by someone.
Now KYC is trend in crypto market.....
Is KYC is benefit to crypto people or not. what are the advantages and disadvantages of doing KYC.
Universal money and Anonymous is the biggest strength of btc BTC, now every country follows KYC and then it can be controlled by someone.
Now KYC is trend in crypto market.....
In fact, I'm not quite sure about the dangers of providing my personal information to unfamiliar organizations. but I'm sure there's something shady because something valuable is required to send them. So for the sake of our future and identity, we should no longer provide our own KYC. bounty campaigns that require KYC are all lies and just want to reap our benefits, stay away from such projects. Universal money and Anonymous is the biggest strength of btc BTC, now every country follows KYC and then it can be controlled by someone.
Now KYC is trend in crypto market.....
Is KYC is benefit to crypto people or not. what are the advantages and disadvantages of doing KYC.
Universal money and Anonymous is the biggest strength of btc BTC, now every country follows KYC and then it can be controlled by someone.
Now KYC is trend in crypto market.....
Universal money and Anonymous is the biggest strength of btc BTC, now every country follows KYC and then it can be controlled by someone.
Now KYC is trend in crypto market.....
I think KYC is good for real bounty hunters or real crypto holders. As a bounty hunters it looks very useful to me because before kyc my stakes was stolen by another with fake ID. But now it can't. So i think KYC is best.
what if someone doesn't get anything because the tokens from the project don't have market value? and we have to do KYC that's stupid
Of course, there are many people who don't have an interest in the KYC in the bounty hunting, but without KYC procedure, it is not possible for them to get their tokens. Of curse, it is useless because we don't see any value to the coin after listing in the exchanges.
Is KYC is benefit to crypto people or not. what are the advantages and disadvantages of doing KYC.
Universal money and Anonymous is the biggest strength of btc BTC, now every country follows KYC and then it can be controlled by someone.
Now KYC is trend in crypto market.....
Universal money and Anonymous is the biggest strength of btc BTC, now every country follows KYC and then it can be controlled by someone.
Now KYC is trend in crypto market.....
I think KYC is good for real bounty hunters or real crypto holders. As a bounty hunters it looks very useful to me because before kyc my stakes was stolen by another with fake ID. But now it can't. So i think KYC is best.
what if someone doesn't get anything because the tokens from the project don't have market value? and we have to do KYC that's stupid
Of course, there are many people who don't have an interest in the KYC in the bounty hunting, but without KYC procedure, it is not possible for them to get their tokens. Of curse, it is useless because we don't see any value to the coin after listing in the exchanges.
Is KYC is benefit to crypto people or not. what are the advantages and disadvantages of doing KYC.
Universal money and Anonymous is the biggest strength of btc BTC, now every country follows KYC and then it can be controlled by someone.
Now KYC is trend in crypto market.....
Universal money and Anonymous is the biggest strength of btc BTC, now every country follows KYC and then it can be controlled by someone.
Now KYC is trend in crypto market.....
I think KYC is good for real bounty hunters or real crypto holders. As a bounty hunters it looks very useful to me because before kyc my stakes was stolen by another with fake ID. But now it can't. So i think KYC is best.
what if someone doesn't get anything because the tokens from the project don't have market value? and we have to do KYC that's stupid
Of course, there are many people who don't have an interest in the KYC in the bounty hunting, but without KYC procedure, it is not possible for them to get their tokens. Of curse, it is useless because we don't see any value to the coin after listing in the exchanges.
Is KYC is benefit to crypto people or not. what are the advantages and disadvantages of doing KYC.
Universal money and Anonymous is the biggest strength of btc BTC, now every country follows KYC and then it can be controlled by someone.
Now KYC is trend in crypto market.....
Universal money and Anonymous is the biggest strength of btc BTC, now every country follows KYC and then it can be controlled by someone.
Now KYC is trend in crypto market.....
I think KYC is good for real bounty hunters or real crypto holders. As a bounty hunters it looks very useful to me because before kyc my stakes was stolen by another with fake ID. But now it can't. So i think KYC is best.
what if someone doesn't get anything because the tokens from the project don't have market value? and we have to do KYC that's stupid
Is KYC is benefit to crypto people or not. what are the advantages and disadvantages of doing KYC.
Universal money and Anonymous is the biggest strength of btc BTC, now every country follows KYC and then it can be controlled by someone.
Now KYC is trend in crypto market.....
Universal money and Anonymous is the biggest strength of btc BTC, now every country follows KYC and then it can be controlled by someone.
Now KYC is trend in crypto market.....
I think KYC is good for real bounty hunters or real crypto holders. As a bounty hunters it looks very useful to me because before kyc my stakes was stolen by another with fake ID. But now it can't. So i think KYC is best.
There are both advantages and disadvantages to doing KYC. Some of the advantages are; Scamming and money laundering can be lessened or avoided by knowing someone's identity, trust can be built in both parties, although these advantages can also be the disadvantages of doing KYC. By knowing someone's identity, they can track your every transaction and the important information they have about someone can be misused once the information have gotten into wrong hands.
The provision of passport data is not pleasant for cryptocurrency users, because almost half want to remain anonymous and not pay taxes to the State Treasury from activities in the cryptocurrency market. This is where the negative is seen for cryptocurrency users in providing KYC, but basically you said the right things about the benefits. And if we say that someone can use our passport data for fraudulent purposes, and of course there is no guarantee, then in this case there should be some control over the storage of user passport data. In addition, one must take into account the fact that banking institutions are not always state-owned and no one expresses indignation when banks require documents and personal photographs.KYC is becoming more and more required in crypto now, and there is a possibility that within the next 2 years crypto wont be available as it is now without KYC and even harder regulations, i do so much hope that it don't come to that, it will kill the basic idea of crypto.
It is definitely a problem right now and as you say it is probably going to become an even bigger problem in the future but that is not going to kill the idea behind cryptocurrencies, what we need is more people to accept cryptocurrencies directly as a payment and that only is going to happen with more adoption, but once that happens those regulations are going to become meaningless because you will be able to use your coins directly to buy anything that you want without having to go through KYC.If KYC is required for the purpose of buying bitcoin, for regulating the activities of members who over the years might have given the crypto currency a bad name as a result of their activities. However divulging personal information is the greatest risk of which if such information is not kept save can also be used against the owner of the information
KYC is becoming more and more required in crypto now, and there is a possibility that within the next 2 years crypto wont be available as it is now without KYC and even harder regulations, i do so much hope that it don't come to that, it will kill the basic idea of crypto.
It is definitely a problem right now and as you say it is probably going to become an even bigger problem in the future but that is not going to kill the idea behind cryptocurrencies, what we need is more people to accept cryptocurrencies directly as a payment and that only is going to happen with more adoption, but once that happens those regulations are going to become meaningless because you will be able to use your coins directly to buy anything that you want without having to go through KYC.One of the major problems today in using cryptocurrency authentication and reliability of the data, crypto has money involve that you must to consider the validation of the users. KYC is one of the most significant needs to make sure both parties are safe from being a scam. To make sure the security of both users, they must need to submit validated information to make the transaction happen, but commonly, they hire a middleman to handle the transaction, but there's an additional payment for this kind of action.
KYC is becoming more and more required in crypto now, and there is a possibility that within the next 2 years crypto wont be available as it is now without KYC and even harder regulations, i do so much hope that it don't come to that, it will kill the basic idea of crypto.
It is definitely a problem right now and as you say it is probably going to become an even bigger problem in the future but that is not going to kill the idea behind cryptocurrencies, what we need is more people to accept cryptocurrencies directly as a payment and that only is going to happen with more adoption, but once that happens those regulations are going to become meaningless because you will be able to use your coins directly to buy anything that you want without having to go through KYC. There are both advantages and disadvantages to doing KYC. Some of the advantages are; Scamming and money laundering can be lessened or avoided by knowing someone's identity, trust can be built in both parties, although these advantages can also be the disadvantages of doing KYC. By knowing someone's identity, they can track your every transaction and the important information they have about someone can be misused once the information have gotten into wrong hands.
The provision of passport data is not pleasant for cryptocurrency users, because almost half want to remain anonymous and not pay taxes to the State Treasury from activities in the cryptocurrency market. This is where the negative is seen for cryptocurrency users in providing KYC, but basically you said the right things about the benefits. And if we say that someone can use our passport data for fraudulent purposes, and of course there is no guarantee, then in this case there should be some control over the storage of user passport data. In addition, one must take into account the fact that banking institutions are not always state-owned and no one expresses indignation when banks require documents and personal photographs.
There are both advantages and disadvantages to doing KYC. Some of the advantages are; Scamming and money laundering can be lessened or avoided by knowing someone's identity, trust can be built in both parties, although these advantages can also be the disadvantages of doing KYC. By knowing someone's identity, they can track your every transaction and the important information they have about someone can be misused once the information have gotten into wrong hands.
In general, the KYC check is not needed for people and brings us additional inconvenience. However, given the fact that with the help of cryptocurrency some abuse their rights and capabilities, states are forced to establish certain rules and restrictions, including identifying personality with significant volumes of transactions.
At the same time, I believe that the requirement to undergo the KYC procedure for participants in ICO bounty campaigns is generally illegal and unnecessary.
Agree, because participants in any bounty campaign in crypto really do not need to implement KYC, because KYC itself is basically only intended for every exchange, because remembering the regulations in each country and to anticipate money laundering and or crime others that involve money in it. So there is a benefit or not KYC in crypto there are at least certain parts and factors that do require users to provide their identity there.At the same time, I believe that the requirement to undergo the KYC procedure for participants in ICO bounty campaigns is generally illegal and unnecessary.
Is KYC is benefit to crypto people or not. what are the advantages and disadvantages of doing KYC.
Universal money and Anonymous is the biggest strength of btc BTC, now every country follows KYC and then it can be controlled by someone.
Now KYC is trend in crypto market.....
Universal money and Anonymous is the biggest strength of btc BTC, now every country follows KYC and then it can be controlled by someone.
Now KYC is trend in crypto market.....
Anonymity of transactions is good but it's not ideal for the world financial system, as criminal groups could use is for their nefarious activities. This prompted KYC which is used to know the owner of every crypto bought or exchanged. The help government to have trust on crypto less they will do everything possible to halt it. Therefore, KYC is beneficial to crypto people as it has built confidence and aid continue of crypto in gaining adoption.
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