Doing this is absurd, selling your identity documents for such a meager amount of money would do you know good people. Have some dignity, work and you will be paid to have a very comfortable living.
Penny money is just like a shitcoin so it means that its not worthy to provide your precious information just for a single bucks. Have your self limit on joing bounty, airdrop and any advertisement that requires you to fill up the KYC. Its better to protect your hundred of dollars than to receive penny money, don't sacrifice your identity. Look for a better place for you to earn more which is more deserving of your trust. 
Topic: KYC for penny money? - page 6. (Read 1494 times)
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?
Whats your thoughts about this?
They're basically data mining and will then sell your data, or use it in a way that harms you.
Don't give out personal information online. Especially in connection to cryptocurrency.
Do not give any identification documents to some random ICO to get a bounty. Identity theft is not worth the risk.
IF you really want to be involved in a project, find out more about them. For example, where are they registered? What was the team involved in before this project? What is the reason for needing KYC? They should have rock solid credentials and IT security to make me feel ok about sending any ID.
IF you really want to be involved in a project, find out more about them. For example, where are they registered? What was the team involved in before this project? What is the reason for needing KYC? They should have rock solid credentials and IT security to make me feel ok about sending any ID.
Life is full of struggles and financial difficulties but it really saddens my heart to see people stooping so low 
Your identification cards are serious documents that can be used against you in very serious cases and yet people are really offering that for monies that can be spent on just a plate of meal. I don't know about y'all but i would rather find a job which would pay me a scanty amount to feed myself than to offer myself at such a cheap rate.
I hate to say this but i guess most of these people doing this would be in third world countries where life is so difficult to and the cost of living is also quite high. I don't blame though, if you leave in countries where only leaders care about themselves and their family members. Spending the state's money on themselves leaving the country poor what do you really expect its members to do.
They also have to fend for themselves and i believe that is exactly what they are doing but i just want to let them know that what they are doing is very dangerous and could be detrimental to them in the future.
Your identification cards are serious documents that can be used against you in very serious cases and yet people are really offering that for monies that can be spent on just a plate of meal. I don't know about y'all but i would rather find a job which would pay me a scanty amount to feed myself than to offer myself at such a cheap rate.I hate to say this but i guess most of these people doing this would be in third world countries where life is so difficult to and the cost of living is also quite high. I don't blame though, if you leave in countries where only leaders care about themselves and their family members. Spending the state's money on themselves leaving the country poor what do you really expect its members to do.
They also have to fend for themselves and i believe that is exactly what they are doing but i just want to let them know that what they are doing is very dangerous and could be detrimental to them in the future.
Doing this is absurd, selling your identity documents for such a meager amount of money would do you know good people. Have some dignity, work and you will be paid to have a very comfortable living.
There are so many victims of identity thief. People are often victims of these and they are not just anything simple, usually the crimes committed by the offenders using their identities are heavily punishable under existing laws. And if for just a penny you will be exchanging your identity, then it would not be that reasonable or fair. I think the best thing that we can really do is not to accept any of there offers so that instead might change their minds and allow you to receive even without KYC. Should they give several thousands or millions I would sign even how many KYC forms for that, but this isn't the case and so I would never accept such an unfair offer.
Coordination is what really matters if we are to move things forward and effect changes as users, do we really belong to the same thing or oneness for us to agree and carry out a specific instruction ? You might decide today not to accept projects that are KYC restricted, but what about others too, would they do same. Your decision to not participate might not really make much difference, since there will always be someone to counter it in the market, so the best is just to personally handle our things, check for ones that we can trust, make research of them before submitting any KYC to them.
Ya it is true that it is the decision of the users who wanted to give their identity proof for penny but their are also users who have fake identity proof and they are utilizing them. But still submitting KYC to all projects are very dangerous as they can do anything based on out KYC proofs.
It's true there's a lot of things they can do to your identity such as identity theft, use it to illegal works or they can sell it to others... It's really important for a user to secure his/her identity... For what I've known Satoshi's vision is to create an anonymous transaction (or just part) and yet you're willing to sell it for a couple of money.
I don't think it's necessary to give your identity on the Internet since we don't know who's behind the team asking for it or what's their real purpose. So I suggest to stay away from it as much as possible.
you are right. sometimes our identity can also be used as a tool for something illegal. well, because of that, being careful in giving identity is something we need to pay attention to. especially if we don't know the team behind the project. I don't think it's necessary to give your identity on the Internet since we don't know who's behind the team asking for it or what's their real purpose. So I suggest to stay away from it as much as possible.
There are so many victims of identity thief. People are often victims of these and they are not just anything simple, usually the crimes committed by the offenders using their identities are heavily punishable under existing laws. And if for just a penny you will be exchanging your identity, then it would not be that reasonable or fair. I think the best thing that we can really do is not to accept any of there offers so that instead might change their minds and allow you to receive even without KYC. Should they give several thousands or millions I would sign even how many KYC forms for that, but this isn't the case and so I would never accept such an unfair offer.
Coordination is what really matters if we are to move things forward and effect changes as users, do we really belong to the same thing or oneness for us to agree and carry out a specific instruction ? You might decide today not to accept projects that are KYC restricted, but what about others too, would they do same. Your decision to not participate might not really make much difference, since there will always be someone to counter it in the market, so the best is just to personally handle our things, check for ones that we can trust, make research of them before submitting any KYC to them.
It's true there's a lot of things they can do to your identity such as identity theft, use it to illegal works or they can sell it to others... It's really important for a user to secure his/her identity... For what I've known Satoshi's vision is to create an anonymous transaction (or just part) and yet you're willing to sell it for a couple of money.
I don't think it's necessary to give your identity on the Internet since we don't know who's behind the team asking for it or what's their real purpose. So I suggest to stay away from it as much as possible.
I don't think it's necessary to give your identity on the Internet since we don't know who's behind the team asking for it or what's their real purpose. So I suggest to stay away from it as much as possible.
I will give you one very good example of how KYC is used as an excuse to cheat the bounty hunters of their reward.
Check the SELFLLERY bounty campaign here in Bitcointalk: https://bitcointalksearch.org/topic/bounty-selfllery-take-photo-make-money-2760236
It started more than one year back and by then they were talking about it running for one month. Now more than 16 months have passed and the bounty campaign is still ongoing. The spreadsheets were last updated 7-8 months back and only a few participants are now active.
Earlier, there was no KYC requirement. But now they have added it. If you don't do KYC, then you will not receive your rewards.
Check the SELFLLERY bounty campaign here in Bitcointalk: https://bitcointalksearch.org/topic/bounty-selfllery-take-photo-make-money-2760236
It started more than one year back and by then they were talking about it running for one month. Now more than 16 months have passed and the bounty campaign is still ongoing. The spreadsheets were last updated 7-8 months back and only a few participants are now active.
Earlier, there was no KYC requirement. But now they have added it. If you don't do KYC, then you will not receive your rewards.
Thats where the industry is poorly implemented. KYC should be more of universal accreditation that many websites and projects can then utilise. You wouldnt have to worry about any particular developers team and their integrity or their system database, etc
I have only verified my ID on Binance, since I 'trust' them. I pay my taxes so I have nothing to hide.
Sure thats convenient and companies should make it as easy as possible to but the line only the guilty need fear is flawed logic Completing a KYC just to receive some coins worth a couple pennies is something that only a desperate person would do and I think you know who I'm referring to here. I'm talking about people from countries where the minimum wage is too low and they are looking for absolutely any method they could found only to try and earn a few extra dollars in order to live a better life. Most of them are from India since the poverty rate is very high there.
That's their choice mate and we don't need to be bother. Sending KYC is not that bad if we know that we are sending into the right person and for good purposes. But if it we don't know the reason, maybe we won't do it. Almost all exchanges where asking our KYC before we do transfers, we don't have that options otherwise we can't used their services.
Completing a KYC just to receive some coins worth a couple pennies is something that only a desperate person would do and I think you know who I'm referring to here. I'm talking about people from countries where the minimum wage is too low and they are looking for absolutely any method they could found only to try and earn a few extra dollars in order to live a better life. Most of them are from India since the poverty rate is very high there.
That's their choice mate and we don't need to be bother. Sending KYC is not that bad if we know that we are sending into the right person and for good purposes. But if it we don't know the reason, maybe we won't do it. Almost all exchanges where asking our KYC before we do transfers, we don't have that options otherwise we can't used their services.
Completing a KYC just to receive some coins worth a couple pennies is something that only a desperate person would do and I think you know who I'm referring to here. I'm talking about people from countries where the minimum wage is too low and they are looking for absolutely any method they could found only to try and earn a few extra dollars in order to live a better life. Most of them are from India since the poverty rate is very high there.
That's their choice mate and we don't need to be bother. Sending KYC is not that bad if we know that we are sending into the right person and for good purposes. But if it we don't know the reason, maybe we won't do it. Almost all exchanges where asking our KYC before we do transfers, we don't have that options otherwise we can't used their services.
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 agree with the Know Your Custom regulation as long as there is no insurance for the safety of the personal data.Whats your thoughts about this?
if we aren't still here on crypto market yet.
Completing a KYC just to receive some coins worth a couple pennies is something that only a desperate person would do and I think you know who I'm referring to here. I'm talking about people from countries where the minimum wage is too low and they are looking for absolutely any method they could found only to try and earn a few extra dollars in order to live a better life. Most of them are from India since the poverty rate is very high there.
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 agree with the Know Your Custom regulation as long as there is no insurance for the safety of the personal data. Whats your thoughts about this?
I have only verified my ID on Binance, since I 'trust' them. I pay my taxes so I have nothing to hide.
No one is having issue with People like Binance, we all know Binance to be a reputable exchange and once can still trust our personal details with them 80%, it is not about you now having anything to hide or not.Many people too in this forum that are not happy with KYC have nothing to absolutely hide, but the third parties with the details are the problem.
In this age where we have scam issue coming up daily, we even have project coming up and putting people’s details up in their whitepaper that is different from theirs to scam, how one can be safe from such a thing happening to us, because with our vital details, scammers can manipulate things.
There are so many victims of identity thief. People are often victims of these and they are not just anything simple, usually the crimes committed by the offenders using their identities are heavily punishable under existing laws. And if for just a penny you will be exchanging your identity, then it would not be that reasonable or fair. I think the best thing that we can really do is not to accept any of there offers so that instead might change their minds and allow you to receive even without KYC. Should they give several thousands or millions I would sign even how many KYC forms for that, but this isn't the case and so I would never accept such an unfair offer.
I have only verified my ID on Binance, since I 'trust' them. I pay my taxes so I have nothing to hide.
Nothing to compare here with binance.In fact, any platform asking for personal data is untrustworthy, and should be immediately left. Binance let you withdraw 4 to 5 BTC per day which seems good to go with for ordinary users. When those airdrop shitter's ask you to by their sheet or offer them you data to sell it; just like in big social media platforms: if you are not the custmer, you are the product.
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