KYC for penny money? - page 10. | Bitcointalksearch.org

GregH37

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Quote from: Tylev on April 13, 2019, 01:45:30 AM

I can’t understand the logic of those who, for a few of their free and virtually worthless tokens, require a KYC check. After all, they themselves do not need to do this. Why do they need these additional problems? It turns out that they are interested in collecting such information. In a different way than self-interest in collecting our confidential information, it is very difficult to explain this position.

Honestly, something about that looks fishy, we need to stop encouraging them by strictly not just participating in their projects or airdrops, by the time we focus more on campaigns that does not require KYC, they will feel it and have no choice than to drop the policy, especially for bounty hunters, this KYC should strictly be for investors.

Now, that we even have some bad projects that are of no interest to investors, this will be the wrongest time to discourage hunters that will help the little good projects promote their products, and another thing I see that also doesn’t make sense, why impose the requirement after campaign and not before campaign when people can easily make their decision, I still see that as a fraudulent act.

yusupjatigumilar

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I think KYC does contradict the principle of anonymous crypto currencies, but on the other hand a crypto currency company doing KYC is to protect against fraudulent users such as multi-account actions and money laundering. If you have already done KYC with your original identity, you do not need to worry if you do not violate the rules, in my opinion KYC is not much different from us doing selfies and uploading them to social media and not dangerous if it is done by companies that are trusted and you did not make a mistake.

Astvile

sr. member

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I just can tell you stay away from this if you saw one or if you saw someone promoting this stop him/her from promoting this.This is not good this is just like selling your identity for few dollars just be safe remember your identity specialy your place/ids are just like your soul

TrevorS

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Our work already carries with it a rather high risk of not receiving deserved payments, so why expose ourselves to even greater risk by sending our personal documents to unknown people demanding it.

Rinso

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they just dont know how important their data is. all they want just money, they not have enought knowledge about internet crime. and most people who want to giving their personal data is people with newbie in cryptocurrency

Tylev

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Quote from: btc-facebook on April 07, 2019, 06:11:33 PM

I highly prevent something like this. I don't want to give my identity just for a pennies. There's so many airdrop and giveaway program that required KYC as the condition of those program nowadays. They didn't know what would happen if their identity will used for bad things.

I can’t understand the logic of those who, for a few of their free and virtually worthless tokens, require a KYC check. After all, they themselves do not need to do this. Why do they need these additional problems? It turns out that they are interested in collecting such information. In a different way than self-interest in collecting our confidential information, it is very difficult to explain this position.

Distinctin

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Quote from: 1BTC EQUALS 1CAR on April 07, 2019, 08:45:38 PM

Quote from: shannelcoin on April 02, 2019, 08:28:59 PM

I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?

I remember many sites have done that by submitting your documents to do KYC in order to receive their offered 'free' tokens. I will understand people if they fell on it back in 2017 or before but man, we are now in 2019. There were so many warnings in 2018 that we need to be very cautious of these scammy offerings.

More scammers results to big risk.
That's our personal information, we gave them voluntarily for free tokens which we don't know if it will have a good value.
We have to be more mature now, this market is not risk free, you have to understand what you are risking.

1BTC EQUALS 1CAR

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Quote from: shannelcoin on April 02, 2019, 08:28:59 PM

I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?

I remember many sites have done that by submitting your documents to do KYC in order to receive their offered 'free' tokens. I will understand people if they fell on it back in 2017 or before but man, we are now in 2019. There were so many warnings in 2018 that we need to be very cautious of these scammy offerings.

daniel08

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Quote from: shannelcoin on April 02, 2019, 08:28:59 PM

I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?

Those people are new to that kind of earning money , they do not know what will happen to their identity once they completed the KYC process just to have a little amount of money. And surely they will advertise their earning and starts to recruit other people and makes referrals through their identities. It is like earning money in faucets but too small amount of money can be earn.

hahay

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Quote from: shannelcoin on April 02, 2019, 08:28:59 PM

I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?

All kinds of methods like that have happened and free money hunters are indeed very enthusiastic about the event like that. I am personally not interested in participating, anyway personal identity is very important to be well guarded and if only to get free money at the expense of personal identity, then I think it is totally not worthy after knowing a lot of news or negative information about misused KYC. Be careful

btc-facebook

legendary

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I highly prevent something like this. I don't want to give my identity just for a pennies. There's so many airdrop and giveaway program that required KYC as the condition of those program nowadays. They didn't know what would happen if their identity will used for bad things.

dimox

legendary

Activity: 1610

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actually we already have this problem, like some site want to know your detail of information. and how smart we are to choice about where i can put my identity? its up to every people want to do it or not. but for some people its never mind if put their information in something with that risk.

Ezenwanyi1

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Veil

In as much as I believe that kyc is important and is becoming an integral part of the cryptosphere transactions.
I do think that asking for kyc process for penny money is unfair to people.

vixcious

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Quote from: shannelcoin on April 02, 2019, 08:28:59 PM

I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?

KYC is really an unnecessary thing. that's just an excuse for bounties and they use our personal information to sell to other businesses. We must not give your personal information to anyone, it is my sincere advice.
When you trade in a large exchange, you can KYC because it's something worth sending your KYC.

EdenHazard

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Quote from: shannelcoin on April 02, 2019, 08:28:59 PM

I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?

I thought an airdrop hunter just focus on money whatever that should he fill then they will fill it. They will ignore how important their identity to be used, and I confident they haven't know there are some people who will use their identity to be used as a thing which will harm other people even themselves for sure. There aren't deterrent effect for this cases, they haven't found something which will harm themselves until now so as whatever amount of money they will accept even though they have to fill KYC they will fill it easily.

mace15

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Quote from: babarian on April 07, 2019, 08:35:37 AM

pennies? it seems like that, sometimes nowadays being a bounty hunter does not promise income according to expectations, sometimes it is a KYC document that we submit only for pennies or not even paid at all.

This is the reality, they required bounty hunters to provide kyc and get nothing at all. We should be very careful for those not legit project spreading across in crypto. Kyc for penny is not really worth it because for some they use the identity of others. So let us be vigilant when following the tasks in the project to earn.

jjjfff

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Quote from: Ailmand on April 06, 2019, 10:40:47 AM

Quote from: shannelcoin on April 02, 2019, 08:28:59 PM

I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?

It's a risk to entrust them our personal identity and information. We should choose where to join. I wonder why they have to ask for a KYC if they're just offering free money. We should not trust them easily if it involves our personal information.

I agree. Too many suspicious crypto projects are using the KYC excuse to mine tons of personal data.

With an authentic ID card copy or passport you can open accounts in online banks and do all sorts of damage. Collecting these is great business.

Don't ever send your documents to untrusted projects.

Hamphser

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Quote from: babarian on April 07, 2019, 08:35:37 AM

pennies? it seems like that, sometimes nowadays being a bounty hunter does not promise income according to expectations, sometimes it is a KYC document that we submit only for pennies or not even paid at all.

Sad reality do happen on most bounty hunters.Sending out KYC for having the compliance without even knowing or assure that they would
able to be paid out or not.There are offers which give some pennies but in exchange you would need to comply full KYC which is total BS in total sense.
Crypto is made for decentralization thats why it becomes famous and kyc is just out of the field.

shield132

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Quote from: Lucius on April 03, 2019, 05:34:02 AM

Although in principle I am not against KYC (Know your customer), in any case, be very careful when giving personal documents to anybody, and especially some less known / trusted companies. Misuse of data is very widespread today, the question is only to what extent someone is doing it. It is not same thing if your data is used for the purposes of targeted advertising, or that copy of your ID / passport is used in some illegal / criminal activities.

KYC on some trusted exchanges make some sense, although I would always choose a purchase in person or by ATM regardless of the higher fees, but with the aim of protecting privacy. However KYC for some shady airdrops which will may give you (or not) few $ is something you should not do, the possibility of damage is far greater than the possible benefits.

You have to fill KYC documents if you want bank account, start work and etc, if any service where your KYC documents are uploaded gets leaked, then it means they are in hand of shady people/company. I can't see any logic why it's better to pay insane fees on bitcoin ATM and don't upload KYC to use normal exchanger. If you don't want to be connected to bitcoin or crypto formally, then yeah, I understand.
OP there are a lot of people who don't care about their privacy, some cents worth more for them than their identity, usually such people are very poor or uneducated.

babarian

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pennies? it seems like that, sometimes nowadays being a bounty hunter does not promise income according to expectations, sometimes it is a KYC document that we submit only for pennies or not even paid at all.

Topic: KYC for penny money? - page 10. (Read 1494 times)