KYC for penny money? - page 14. | Bitcointalksearch.org

The Sceptical Chymist

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Quote from: N0sferatu on April 03, 2019, 03:14:16 AM

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.

What the hell is "penny money" anyway?

Quote from: dothebeats on April 03, 2019, 07:38:48 AM

I don't think anyone in their sane minds would actually send KYC for a few pennies, unless some few desperate people who think that this is a good idea

Me neither, but as I said it all depends on how much info is needed and how personal it is. And in some countries, those 'pennies' have a lot more buying power than others. I've often heard the phrase 'signature campaigns pay pennies', but that just isn't true. There are places on this planet where you can feed yourself for less than $1/day, so I'd imagine people in them would do a lot for what we'd consider very little.

pinoycash

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Quote from: shannelcoin on April 02, 2019, 09:28:59 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?

Any unknown sites that asking for KYC in exchange for free cryptocurrency should be 100% be avoided. If you value your identity you should think twice before joining such opportunities. Identity Theft is a booming industry in the darknet and once they have your KYC Information they can do anything and the worst thing is they can run SCAM PROJECTS using your ID's

dothebeats

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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 desperate people who think that this is a good idea and that KYC is somewhat negligible for them, or those who have fake KYC documents stashed somewhere, ready to use in nefarious activities as soon as the moment is opportune. People should be wary that their identities are vital information that should not be shared easily in exchange for pennies as they might be framed up for theft and other illegal activities that nefarious people might use them to.

If you want to receive money from airdrop, choose those that don't require anyone to send personal information.

iv4n

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Well bottom line is that project have an offer, do what they want and they will give you something. Blockchain wallet said do KYC on your wallet and you will get 25 dollars stellar, or don`t do it and you will not get it. End line is that it`s our choice will we do KYC or not, doing that for pennies for sure now, but when some service that you use and you like to use ask you for kyc you need to pass it or you can`t use it.
I don`t participate in airdrops, it`s just a way to get to some worthless tokens, better to claim faucets than to participate in airdrops.

CryptoMahfuz03

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I learnt this airdrop penny worth money hard way. Airdrop projects require the users to download app, completing social media tasks or referring people to their site. Airdrop money worth very little but they claim to pay you more token and saying that they will pay you that amount of token if they raised hard capital. But current market situation reveals that they don't keep their promise. Actually the token value is less than $1.

When it comes to downloading app, then I discover that my cellphone's storage keeps shrinking due to downloading many many apps required during airdrop campaign. Again the company requires the user to remain active on their app until the end of ICO. This wastes lots of time when finally the date of airdrop distribution comes.

Finally when it comes to completing KYC then the users need to provide their valid identity like government ID, national ID, Passport or even Bank statement. Bank statement is not free in many countries. If a person owns bank account then why they are searching for penny worth airdrop. No one knows what they are doing with your valuable KYC documents.

btc_angela

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Common sense will tell us that you need to just pass KYC just because someone will airdrop something to you. Even in non-crypto engagement, your personal data should be protected by you. I'm also not favoured by passing it, maybe on just a couple fo trusted exchanges, but for penny? No. I wouldn't.

Indrawan77

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I am not too favor of kyc, I think it's violated the crypto ideas, even if the secure and legit site asked, I will still think twice, when something happen and your identity is leaking then they will just apologise and move on while our identity is jeopardise on Internet, so its never a bright idea to sell your identity especially for a small money

Lucius

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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.

jakelyson

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They could sell your identity or use it for identity theft. It is not worth it giving away your personal information. We are in crypto because we like anonymity, so giving away your personal information goes against it.

Those who do KYC for penny usually submit fake information and IDs.

cryptjh

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The only airdrop where I have done KYC was the blockchain stellar airdrop, I trust that exchange enough to give my KYC for $25, that airdrop I got, is now worth around$35 and I think it's still going on.
But I would never do a KYC to an unknow airdrop team. Many of those KYC is done just to steal your ID!

Mometaskers

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No such things as a free lunch. Or as the cliche goes, if it's free, you likely are the product.

And you said it yourself, pennies. Even with no KYC you surely could find something else worth your time.

stfN2128

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I dont understand people who give other their personal datas for pennys... sometimes for nothing. when i do a kyc i check the company twice - also in nn crypto related things. better to be safe than giving away personal datas to a shady company

manfredmann

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Quote from: shannelcoin on April 02, 2019, 09:28:59 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?

yeah that is difficult when you give your activity just to earn a little money. It could be used in a different way where you could not control over it. One might get surprised if day an arrest warrant will be serve to such the identity was being used to do illegal transaction or the likes of it.

raidarksword

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There are lots of airdrop requires to submit KYC in exchange of small amount of money and it is very alarming that the consequences are very cautious that there are using it to steal one's identity and use it in illegal. So, it's best to not get involved in that kind of matter to protect one's identity.

Naida_BR

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Quote from: shannelcoin on April 02, 2019, 09:28:59 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 am against KYC all the way, even if it is for more money than just pennies.
We those this decentralized ecosystem because of the freedom to exchange value anonymously and openly. I don't get who desperate people can be in order to give their identity for some coins that would probably don't have any value.

tweetbit

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Quote from: shannelcoin on April 02, 2019, 09:28:59 PM

What's your thoughts about this?

“Think before you click”. This is shamelessly pitiful for those desperate people behind the accounts that are victimized by these opportunistic criminals. Sad to say we can’t track them on a personal level and we can’t stop them by just reporting them. They can do multiple accounts in seconds and do it on many platforms as possible.

Be cautious enough and act as a true matured man. Don’t be the fool.

mu_enrico

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Quote from: shannelcoin on April 02, 2019, 09:28:59 PM

free cryptocurrency that needed of kyc before you get a penny money

It's basically not free because you are "selling" your identity for some amount of money. It depends on how much you value your identity actually. Some people happy to sell their identity for a mere $10. But for me, it must be way far more expensive than that.

capcaypro

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Do not carelessly use our identity, I also do KYC after I will definitely receive money or valuable coins if there is no value, do not have to do KYC.

N0sferatu

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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.

peter0425

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Personally, I won't because I don't want to compromise my identify. But there are people who are willing, so I guess it's their choice to lose their personality and maybe found their data on the dark market. But I'm not one of them so I will not give out any information just for a peanut

Topic: KYC for penny money? - page 14. (Read 1394 times)