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Topic: KYC for penny money? - page 13. (Read 1394 times)

sr. member
Activity: 2408
Merit: 357
April 04, 2019, 06:36:07 AM
#45
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?


Its obviously a scam. Dont believe in getting free cryptos in exchange of your identity. The little giveaways is not worth it. Besides, why do you believe in such a way knowing it obviously a scam? Dont divulge your information in any sites except for those trusted ones. Its better to be safe than sorry.
hero member
Activity: 2968
Merit: 572
Leading Crypto Sports Betting & Casino Platform
April 04, 2019, 06:04:11 AM
#44
If they are hungry for those pennies for the exchange of their identities, there are too things that's on my mind.

  • they don't own the identity
  • they are desperate

It's not worth it to exchange your any ID just for those airdrops or free cryptocurrencies that they offer. I always avoid those kind of posts and ignore people them on social medias.

The only reasons why do people dive in with those pennies.Lets say that its really dumb to give out personal info just for pennies but there
are really people who are that dumb and desperate enough to do such thing.Well, its their own identity to be risk not ours but its not just right
to consider to make such action.
Yes, I've included that because it was I saw from those people who were into airdrops. I can't blame them for having that kind of mentality because of the sudden surge of airdrop treasures on 2017. There were reports before that some of the airdrops during that time became gold and has given decent profit more than $1,000. In that experience, I think it is the reason that encourages them to dealt and risk their IDs in exchange of those tokens that doesn't have clear future results.
jr. member
Activity: 490
Merit: 2
April 03, 2019, 08:00:24 PM
#43
and even the coins have not been registered in the market exchanger, so I think it is not very effective when we have to send our full identity, while we have not get anything, or even nothing.
hero member
Activity: 2996
Merit: 609
April 03, 2019, 04:03:01 PM
#42
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?

Setting aside privacy, that will be a hassle way for just a single penny.

In other words, not worth it. KYC's are not instant. Sometimes it will takes months especially if the submitted documents is quiet not reached the company's criteria.

Didn't know there are thing like that creates massive feeds on social media. Mind giving me some examples via PM?
Maybe those links being shared out are referral ones because usually when you do look some people post it then most likely
it do connects with invitation on possibly to earn more but giveaways doesnt work on this way, just like on what we saw on Stellar
giveaway by blockchain.
legendary
Activity: 3122
Merit: 1398
For support ➡️ help.bc.game
April 03, 2019, 03:51:09 PM
#41
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?

Setting aside privacy, that will be a hassle way for just a single penny.

In other words, not worth it. KYC's are not instant. Sometimes it will takes months especially if the submitted documents is quiet not reached the company's criteria.

Didn't know there are thing like that creates massive feeds on social media. Mind giving me some examples via PM?
sr. member
Activity: 1596
Merit: 264
April 03, 2019, 01:20:01 PM
#40
~

I've attempted to drop an email into some random airdrops to test on what could happen in the next few days. After 2 days, I received an email from the project to start claiming the airdrop token now, so I clicked into that button and it led me to their own site where they also highlighted that it is also supported by MEW. I already knew before I clicked the link that I ain't getting anything but a free throw of tokens or ETH to them. It asked me to put in my wallet file so I can claim the token right now along with the pvt key. For a first-timers that would be involved in that kind of phishing site, hopefully they'll wake up soon.
They're not just risking their identities, but they're also risking their wallets.
legendary
Activity: 2814
Merit: 1006
Leading Crypto Sports Betting & Casino Platform
April 03, 2019, 12:56:58 PM
#39
I personally will never give my KYC for penny money but indeed all of it depend on the person themself that based on my personal experience in my country some of people does not too care if they submit their identity to the particular giveaway and as long they get those money seems they didn't care about the risk of it
full member
Activity: 1302
Merit: 110
SOL.BIOKRIPT.COM
April 03, 2019, 12:21:06 PM
#38
This is one of the big problems and a redflag for KYC in bounties if the owners of the Identity sent was orginal and not fake. We can't be sure what they may do to their identities-sell them, or even used them as a KYC too to other bounties, and it will be like a networking of KYC, and we can't know who is who. There are lot of tools in editing pictures and important files, so I think the better KYC procedure would be a video KYC-or even better a live video with the bounty manager or even the devs themselves.
legendary
Activity: 1386
Merit: 1058
April 03, 2019, 11:52:55 AM
#37
It is super dangerous to believe in these type of projects. We have seen with facebook and Cambridge Analytica what the data storage could cause, giving away all your information to one place in exchange of small chump change will never lead to anything good for you.

The money you receive is at the expense of your privacy and it never really worth it. Not even thousands of dollars would be enough to cover the damage that could be done with that type of data at the hands of someone bad and noone good would really want to have your information anyway.

KYC is the root of evil in bitcoin world because bitcoin and crypto was created for being anon and not having to deal with the governments whereas KYC is literally counter productive on that sense. Keep your information to yourself.
legendary
Activity: 1988
Merit: 1767
April 03, 2019, 11:36:55 AM
#36
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?

For me cryptocurrencys still means anonymity and this should not give up anyone for a few cents. Even though many people give wrong or stolen information, it doesn't make it any better. KYC breaks down the annonimity of crypto very strongly and everyone should think twice about doing it for a few cents. My opinion about KYC is still very negative and for a few cents i will never give personal information.  Wink
full member
Activity: 924
Merit: 148
April 03, 2019, 10:49:28 AM
#35
Yeah it's free but your identity will be possible to use in any harmful doings.
Let me tell you a secret:
Those scans of your ID are not worth anything. Otherwise people, that work in governmental bodies that issue those IDs would become billionaires. Your ID is also stored in many other services, including your employer, police, governmental funds and many other organizations and no one is giving a fuck about it. If it had any worth then your ID would be already stolen a dozen times.
full member
Activity: 784
Merit: 100
April 03, 2019, 09:38:46 AM
#34
well, I also sometimes choose to do KYC. if that is a natural thing, then of course I will. however, for something like that, I sometimes won't do it, especially on HYIP sites. well, being careful is what we need to do.
legendary
Activity: 3080
Merit: 1353
April 03, 2019, 09:31:51 AM
#33
Haven't they heard this news? Hacked Customer Data From World Leading Cryptocurrency Exchanges For Sale On The Dark Web? and it was discussed in this thread. So I really don't understand why would someone take the risk of sending their full information to someone they didn't know. Just used our common sense here and everyone will be fine. But if greed sets in, and you wanted to earn money even for a penny then something is wrong with those guys. Worst case scenario, police knocking on your door and have warrants for your arrest because 'someone' pretending to be you, committed fraud.
copper member
Activity: 1218
Merit: 1
April 03, 2019, 09:29:50 AM
#32
I do not send my data to anywhere, be it a bounty company, or even a stock exchange, there is even an exchange where I have 0.52ETH left, and they ask me for KYC,

I advise everyone not to go through KYC either, because it’s not known how they will use your data
full member
Activity: 1400
Merit: 115
Sugars.zone | DatingFi - Earn for Posting
April 03, 2019, 09:08:00 AM
#31
If they are hungry for those pennies for the exchange of their identities, there are too things that's on my mind.

  • they don't own the identity
  • they are desperate

It's not worth it to exchange your any ID just for those airdrops or free cryptocurrencies that they offer. I always avoid those kind of posts and ignore people them on social medias.

The only reasons why do people dive in with those pennies.Lets say that its really dumb to give out personal info just for pennies but there
are really people who are that dumb and desperate enough to do such thing.Well, its their own identity to be risk not ours but its not just right
to consider to make such action.
the risk is greater than the reward that will be received, of course this is not comparable if we provide a personal identity, id is very priceless then use it for something that is really right
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
April 03, 2019, 08:53:33 AM
#30
People who believe that their identity is private and - so far - not known by any 3rd parties worldwide are just naive. (no offense)

Therefore, selling - already known - data seems pretty reasonable to me.
Yeah, but how much personal data are we talking about here?  Name & address & photo are pretty much public information that I wouldn't consider too much to give out (if the reward was big enough).  Phone number/e-mail are iffy.  Anything beyond that, like social security number--hell no.  I've never done this for a giveaway, so I'm wondering if it's easy enough to give them false information and still get whatever it is they're giving away.  I'm sure plenty of freebie-hounds are at least trying it.

I've never participated in any ICO but judging from the KYC prank thread there were a few guys who submitted pictures of themselves holding their id cards, so probably a lot of ICOs require a selfie and a copy of your valid id.

With that information you can do a lot of things, from opening verified accounts on betting websites, paypal, amazon, eBay, buying debit cards, a lot, a lot of things even in the hands of a newbie that had just stumbled upon it.
And not even going professional here, you can use them exactly for the thing you thought about, to create more accounts on other ICOs airdrops that require KYC Tongue

But once we're past the point of amateur scams, ignoring the fact you can outright sell them, you can use those ids for much more, from actually emptying the victim's bank accounts to taking loans on their names. And those ones are going to hurt you even if you're dirt poor.


This has surfaced for quite some time now and I don't think anyone in their sane minds would actually send KYC for a few pennies, unless some few (a lot, you have no idea how many) desperate people who think that this is a good idea and that KYC is somewhat negligible for them,

There was one little mistake in your post. I fixed it for you!
legendary
Activity: 1302
Merit: 1018
Cashback 15%
April 03, 2019, 08:16:14 AM
#29
If they are hungry for those pennies for the exchange of their identities, there are too things that's on my mind.

  • they don't own the identity
  • they are desperate

It's not worth it to exchange your any ID just for those airdrops or free cryptocurrencies that they offer. I always avoid those kind of posts and ignore people them on social medias.

The only reasons why do people dive in with those pennies.Lets say that its really dumb to give out personal info just for pennies but there
are really people who are that dumb and desperate enough to do such thing.Well, its their own identity to be risk not ours but its not just right
to consider to make such action.
legendary
Activity: 3206
Merit: 1885
Metawin.com
April 03, 2019, 08:08:03 AM
#28
Even if the reward is bigger than pennies I wouldn't give my personal information to people I don't know. Others are careless about their personal information few days ago when the forum asked KYC as an april fools joke there's a couple of people who did submit their info. We don't know what these people are going through maybe they really need the money and have no time.
sr. member
Activity: 812
Merit: 256
April 03, 2019, 07:51:56 AM
#27
Yep pennies don't worth it 100% when you give your documents to others then there must be at least 100,200$ and even more it's a big risk we don't know how it can be used in future we know how companies sell it and sometimes after hacking of exchanges hackers start to sell our doc. in the darknet,this has happened many times.
legendary
Activity: 2198
Merit: 1989
฿uy ฿itcoin
April 03, 2019, 07:46:31 AM
#26
Blockchain.info is trying to make people submit KYC by giving them $25 in XLM in return. I didn't like them before they started that "promotion" but that is a huge red flag for me. Avoid them like the plague.
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