KYC for penny money? - page 2. | Bitcointalksearch.org

Prettyme

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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?

Yeah you're right, there would be some instances that other greedy people will going to use your identity to scam someone so in giving our identity information we should try to examine the person we're giving our identity to avoid any using of someone's identity. People should always be careful especially giving personal information.

lutfi-hasan

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Quote from: indrakusumaindra on June 03, 2019, 07:45:12 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?

Well i do think it would be wise to not give anyone your identity, the reasons is:
1. first it would be use for crime
2. Someone could possibly take important things from your identity such as date of birth and etc.
3. it might be not worthed at all to participate in airdrop that required KYC
4. They might use it for spamming your account and send you malicious link and virus.

It is very terrible if our data is used for crime, so we ourselves become victims, I myself am very careful if I want to do KYC against unclear projects.

indrakusumaindra

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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?

Well i do think it would be wise to not give anyone your identity, the reasons is:
1. first it would be use for crime
2. Someone could possibly take important things from your identity such as date of birth and etc.
3. it might be not worthed at all to participate in airdrop that required KYC
4. They might use it for spamming your account and send you malicious link and virus.

coin-investor

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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 have this feeling that some bounty hunters are not using their own credentials to submit, some of them might be using other's information that they've bought so they can participate in those airdrops and bounty hunting that needs KYC, common sense tells us you will not risk your yourself for a few pennies.

Naughty Princess

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Quote from: mirawantirinjana on June 03, 2019, 04:59:38 AM

Quote from: emmybd on May 14, 2019, 12:05:51 AM

I am totally against giving your personal info for a small amount of money, as you personal data can be used in future for any illegal ways. So, bounty hunters should be careful about it.

in the end very many people submitted their personal documents just to get small amounts of money.
Bounty hunters have no choice, other than because they need money for the work they do, they also don't want to waste their time without getting any compensation if they don't hand over the KYC.

I agree. Personal info have to give to gain even small amount because you work for it. Though we just have to be careful and know where the info go, if it gonna safe. There are less works in the forum especially bounties that do not require kyc, so better to choose whether it request kyc. If the project is good and going to pay well, giving kyc would be worth it.

mirawantirinjana

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Quote from: emmybd on May 14, 2019, 12:05:51 AM

I am totally against giving your personal info for a small amount of money, as you personal data can be used in future for any illegal ways. So, bounty hunters should be careful about it.

in the end very many people submitted their personal documents just to get small amounts of money.
Bounty hunters have no choice, other than because they need money for the work they do, they also don't want to waste their time without getting any compensation if they don't hand over the KYC.

awik p

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Quote from: congresowoman on June 03, 2019, 03:40:47 AM

from the very beginning I am against this whole KYC thing on the grounds that it poses a great risk for the identity of those forwarding their IDs to companies requiring these. But we can really do nothing on this cause this is really required in those states or places in order that these currencies be usable -- it is a matter of compliance. All I hope for is that these precious identities be stored in a high security storage so as not to compromise people and their data.

in essence, we can only hope that the identity is not misused. but for me it is best to avoid projects that ask for identity for our personal safety. we know there is no strict legal protection for this case

congresowoman

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from the very beginning I am against this whole KYC thing on the grounds that it poses a great risk for the identity of those forwarding their IDs to companies requiring these. But we can really do nothing on this cause this is really required in those states or places in order that these currencies be usable -- it is a matter of compliance. All I hope for is that these precious identities be stored in a high security storage so as not to compromise people and their data.

Wingo

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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?

Talking about airdrops? Yeah many of those shits are just taking people's information. The problem is, they are getting sensitive information like images of IDs and Passports which can be used for malicious acts. It is uncontrollable, the only thing that we can do is not trust any of those unless the company behind it is legitimate.

Free1bitco.in

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Quote from: fauzan Ichsan on May 14, 2019, 11:52:34 PM

I agree, to get a prize, of course don't give up your identity, for any reason. many ico asked for it, even though they gave gifts as if they were inappropriate, so I personally avoided the presence of kyc

some companies do that to recognize who their investors are, but for bounty hunters it seems different. well, however they have their own goals, whether it's to increase the number of their users or others. so far, I have avoided using kyc on something that is not clear just for a few dollars.

Ozero

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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 absolutely do not see the point of requiring KYC to be checked if the reward is minimal. This grossly violates the principles of the KYC audit, according to which such an audit should be conducted only with the aim of preventing the laundering of dirty money and fighting the financing of terrorism.
It should also be borne in mind here that checking KYC against participants of ICO bounty campaigns is generally illegal, this is a clear abuse of their rights by the ICO team and I hope that the subsequent regulation of this type of activity by state bodies will eliminate these violations.

fauzan Ichsan

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Quote from: ApocalypseNow on May 14, 2019, 09:57:33 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 don't really support this kind of this procedure just to get the reward you did for the task needed. If you are an airdrop participants who are willing to do thi then you must be very desperate. Maybe that value is bigger locally but these participants never truly care if it will lead to utilizing their docs for crimes and the worst part is that those free or airdropped tokens has no value at all.

I agree, to get a prize, of course don't give up your identity, for any reason. many ico asked for it, even though they gave gifts as if they were inappropriate, so I personally avoided the presence of kyc

Netnox

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Quote from: cryptjh on May 14, 2019, 12:59:39 PM

I would never do KYC to an anonymous blockchain team in a random ico, then better miss out. I have done KYC on a few exchanges that accept fiat, so I can use my credit card to buy bitcoins, I also did the $25 KYC on blockchain, to get free XLM.
But I have never liked to give away KYC, one day they will be leaked to the web, and if bitcoins become the new world currency, then having your name on a bitcoin holding list can be dangerous.

I would advise you against doing KYC in exchanges as well. I went through the KYC process for at least a dozen exchanges during the past 3-4 years, and you don't know how much I regret about it right now. The exchanges are getting hacked right, left and center. So far this year, we had two major hacks (Binance and Cryptopia). Your data is no longer safe with the exchanges. Also, I regard Blockchain.com as a reliable online wallet. But why they encourage the users to go through the KYC process? Why they want to know about the real identity of the users?

ApocalypseNow

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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 don't really support this kind of this procedure just to get the reward you did for the task needed. If you are an airdrop participants who are willing to do thi then you must be very desperate. Maybe that value is bigger locally but these participants never truly care if it will lead to utilizing their docs for crimes and the worst part is that those free or airdropped tokens has no value at all.

fourpiece

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That's the stupidiest thing that I will do just for a penny. I only do kyc on exchanges just to verify my account to be able to withdraw

marcbitcoins

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Most common advice here is to do not be easily be fooled by this site as our data is priceless which is more valuable than those penny money. If you will not stay away from this kind of trick then they will earned from your data and you might put your identity at risk as they might use your data in illegal activities.

TimeTeller

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Quote from: pishite on May 14, 2019, 01:56:25 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?

Most likely, only people from poor countries are ready to submit their data for pennies, or beginners who so far understand little of it. This is not correct and there should be some kind of punishment for collecting information, especially since hosting is registered to a real name and the hosting team should deal with this.

A lot of people don't bother that they are getting pennies from this kyc stuff.
Most of them thought that at the end of the day, it is still money that can help them survive for another day.
And they have nothing to lose, the reason why they don't care where their identities end up with.
This is the weapon used by many scammers, they can always get naive users and they are banking on them.

Landak

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if the exchanger is like coinbase that tells us to do kyc, to get penny money, I might do it (I believe in coinbase). but if asked to do Kyc, on something that is not clear especially with money that is not in accordance with the risk of our identity, which can be widespread to be used illegally, I better avoid it. whatever the temptation trick, the risk is too high, just for penny money.

pishite

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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?

Most likely, only people from poor countries are ready to submit their data for pennies, or beginners who so far understand little of it. This is not correct and there should be some kind of punishment for collecting information, especially since hosting is registered to a real name and the hosting team should deal with this.

Tervelatuk

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Quote from: pushups44 on May 14, 2019, 01:24:59 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 believe it's a bad idea to hand over KYC documents over bounty promises, especially involving projects paying a pittance to bounty hunters. I believe bounty hunters need to take a collective stand and refuse participation in such schemes, because by taking part in them they are giving these projects credibility and saying it's OK.

i will not give personal data for penny money .it just be the advantages for developers team, in investors sight they look like very bonafide and qualified , but on other side bounty hunter harmed by this policy.

Topic: KYC for penny money? - page 2. (Read 1494 times)