OMG, what should I do, I never thought of it like that, I have done a lot of cards for payment of an ico. Hopefully they are good people and do not abuse the identity of others.
We never no what can they do about it, there's a lots of possibilities and with this concerned it's really hard to entrust our personal identity though it is required by the team for some verifications, we should do more research and deeper assessment before engaging to this and provide personal and confidential identifications to avoid further damages, and not to allow any scammers to use our identity to harm anyone. 
Topic: KYC + all your official papers being stolen and traded (Read 1742 times)
I do not see anything wrong with the KIC because even if your documents are stolen without your signature in the document and the presence at the conclusion of the contract scammers can not do anything. But I don't like the fact that it violates the rules of anonymity.
This issue makes me worry ,KYC is really not a joke its so risky to send passport I.d to strangers and only God knows what they will use it to do ,this is why I don't spend my money and time on projects with kyc implemented and its hard to know which project to trust this days
That's a negative side of passing documents to receive our tokens. Honestly I'm not agree with it just like you but on the other hand I do not want to loss the opportunity to have a certain coin, I just do kyc for a project which I know 100% not scammers, do kyc for real project and not to anyone without good backgrounds
This is a really valid point and this is the reason why I do not do KYC unless it is a trusted ICO with a very visible and verified team, another place that I do not have any qualms about submitting KYC documents is in Exchanges.
It is better not to participate in the kind of tokensale events or any airdrops events that asks your official credentials. Better to just wait for that coin to be listed on the exchange and probably you can make a purchase in there.
OMG, what should I do, I never thought of it like that, I have done a lot of cards for payment of an ico. Hopefully they are good people and do not abuse the identity of others.
you should be careful when doing KYC and as much as possible you avoid KYC that uses a passport because it will make your identity used for crime and the passport should be confidential and there shouldn't be many people who know.
Yes, you are right, you should not send your passport data anywhere, because it is not known where and who will use them in the end!
I participate only in bounties and airdrops they not asking for KYC. When investing into an ICO I am doing KYC but checking them, if they are legit as I am not comfortable to give my identity to anyone. Would like to have regulation on that.
It seems to me that you are too much screwed up and the situation looks much easier than it might seem
Now KYC has turned out to be something different because of how people misuse it. People collect information about people and then sell it or use it for other purposes.
Usually, I do not join the signature campaigns of those ICO projects that require KYC validation. I consider such a requirement illegal, because only investors should pass such a check, and bounty hunters have nothing to do with investing their money in ICO projects.
However, if the ICO team is deceiving and announcing such a check at the end of the ICO, then I already look at the circumstances, namely: how much can you trust this project and how significant is the profit from the received tokens.
However, if the ICO team is deceiving and announcing such a check at the end of the ICO, then I already look at the circumstances, namely: how much can you trust this project and how significant is the profit from the received tokens.
I don't like to do KYC but unfortunately there's o other way to be paid for most of bounty rewards... I tried some months ago not to send my KYC-> result: I didn't receive tokens.
I'm not really comfortable in doing KYC in some bounties and I don't usually send my documents just to get a small amounts of tokens. I participated in IP.Gold bounty program unfortunately the project didn't meet the softcap. And we did KYC in COMSA because it's their partner and now I'm worried of my sensitive documents because they can do what ever they want with it. That's why from now on I will stay away from bounty programs with KYC unless the project is legit.
Partly agree with author. verification of personal data is really a problem. at all sites is the theft of customer data and banks are no exception. And how they will use the fraud is unknown, maybe the loan will be issued and maybe worse.
I really hope that DEXs will save us, i dont like KYC and never passed it for ICOs or bounties/airdrops. I think people have to be careful with their documents, especially in cryptoworld.
Cryptocurrencies were created to keep the transaction and the sender anonymous and let it rest hidden to anyone, but these days of ICO are asking for KYC "KNOW YOUR CUSTOMER" is really a big deal for me, why can't we keep the transaction in private and investors at anonymous? Is that what really the creator want? I thought we hate those banks and government controlling fiat and the people? but where are we now?
though on the other hand, there's a lot of ICO that failed before and some of them went out a scam and just run the money bag with them. KYC really help ICO's to be sold out and much success. I still don't know what will this lead into and will wait for future development but still be hoping that we can still keep private and unknown to anyone.
though on the other hand, there's a lot of ICO that failed before and some of them went out a scam and just run the money bag with them. KYC really help ICO's to be sold out and much success. I still don't know what will this lead into and will wait for future development but still be hoping that we can still keep private and unknown to anyone.
This is an extremely terrifying part with regards to giving ceaselessly data and delicate private documents to obscure activities. Kyc is slaughtering the element of crypto which is secrecy. I have perused from specific parts that when an undertaking requires kyc, the give ourt counterfeit data for the reason that the data stockpiling can't be ensured and for wellbeing purpose. You are totally right. Be extremely watchful in discharging this sort of data.
This is an extremely frightening part with regards to giving ceaselessly data and touchy private records to obscure ventures. Kyc is executing the component of crypto which is namelessness. I have perused from specific parts that when a task requires kyc, the give ourt counterfeit data for the reason that the data stockpiling can't be ensured and for security purpose. You are completely right. Be extremely watchful in discharging this sort of data.
this is very detrimental to the cryptocurrency trust which must remain anonymous, I don't mind if the project is officially approved by an official state institution, but if it applies independently, then our data can be misused at any time, this is not good because of the emergence of many ico intend to cheat really makes the trust to send sensitive data reduced.
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