KYC in crypto, does it really require? - page 25.

rommelo24

copper member

Activity: 364

Merit: 0

Quote from: Msworld83 on August 08, 2018, 08:16:36 PM

Do we really need to submit our personal details to ICOs for buying the token or for participating in it's bounty and airdrop?
I always wonder why do we need to give our vital info to ICOs that most are not even likely to come on in crypto space and crypto is all about decentralization but submitting our info has made it look centralized to me.
There is no regulation in crypto yet so why should we give our details to unknow ico organizers, so claim to prevent some region in participating in the ico because of the country law but those ICOs comes from the same region and country that prevent their own citizen from participating, should we say they are using style to rob us or our details is being used for other purpose .
I think it's high time we all need to stop giving our details to ICOs if really the crypto is all about decentralized and their is no regulation in the world yet to really require such details, I will like to know everyone minds about the submission of our details in term of KYC .

I do not like KYC. It is just not comfortable giving or sending your personal informationion to ICO's. There are so many things that they can do with this information. But we don't have a choice if they need this information.

george_hured

full member

Activity: 644

Merit: 101

In general, I do not think that this is really necessary, because I believe that it is KYC that is probably one of the greatest dangers in the real world. because it is KYC today that is the place where you leave your personal data. I think that this is a big threat to people.

AlenDel2

newbie

Activity: 196

Merit: 0

KYC is the simplest procedure that is required of companies that conduct their SEC. Nothing wrong with that. Soon, when the crypt will be legally legalized, and it will be in our near future, then what will you do? Be afraid of more than the documents that you put in the banks and their copies)))

Cordwel

member

Activity: 250

Merit: 10

Quote from: Msworld83 on August 08, 2018, 08:16:36 PM

Do we really need to submit our personal details to ICOs for buying the token or for participating in it's bounty and airdrop?
I always wonder why do we need to give our vital info to ICOs that most are not even likely to come on in crypto space and crypto is all about decentralization but submitting our info has made it look centralized to me.
There is no regulation in crypto yet so why should we give our details to unknow ico organizers, so claim to prevent some region in participating in the ico because of the country law but those ICOs comes from the same region and country that prevent their own citizen from participating, should we say they are using style to rob us or our details is being used for other purpose .
I think it's high time we all need to stop giving our details to ICOs if really the crypto is all about decentralized and their is no regulation in the world yet to really require such details, I will like to know everyone minds about the submission of our details in term of KYC .

For Bounty or Airdrop I think Big No because we don't pay anything so why do we need fill KYC? It is too risky. Our data can be stolen and used to a criminal.case. but to participate in ICO, maybe I can fill KYC but not with my passport or ID

Vicodin

full member

Activity: 226

Merit: 100

Power the World for FREE

Quote from: Lucas777 on August 28, 2018, 06:06:21 PM

I consider that KYC is not necessary at all. Not important you buy tokens or participate in the bonus program. All serious companies did not carry out it at all.

Really? I participated in more than a dozen ICOs and I always had do undergo KYC. I always felt uneasy about it...there are so many scams and sometimes even experienced investors get trapped in a perfect looking project...and then they have your passport and can scam other people with this...

Olaoye20

newbie

Activity: 91

Merit: 0

Kyc is good because of those people you have not personally vetted with

Euroda

full member

Activity: 370

Merit: 100

Well for me it really doesnt have to have kyc you do not know where your private information will be going on it might be sell on the black market without knowing it is still much betted to be safe then sorry my friend

spike420211

sr. member

Activity: 1610

Merit: 372

I believe that bounty managers should be responsible for finding dishonest bounty hunters and further their disqualification. Then the identification procedure will not be necessary.

dizzy1996

full member

Activity: 854

Merit: 102

MoonDeFi

The process of identity verification is the main weapon for multi-accounts and bots. In my opinion, this procedure contributes to the honest conduct of bounty programs, and also improves the quality of the content provided to the bounty companies

MAXENATOR

jr. member

Activity: 90

Merit: 7

I personally do not like to pass KYC. Now there are no secure sites for storing personal data.
Not so long ago hacked one site, fortunately there my documents were not.

Platon ES

jr. member

Activity: 364

Merit: 1

I try to avoid the projects where is requested to pass the KYC. But sometimes they are been added at the finishing as new rule.

Lucas777

member

Activity: 172

Merit: 10

Justice as a Service Infrastructure

I consider that KYC is not necessary at all. Not important you buy tokens or participate in the bonus program. All serious companies did not carry out it at all.

Pet240

jr. member

Activity: 486

Merit: 3

Well, if I am to give my opinion, kyc should not be requested for from icon participants. It is a decentralized system. So why the need for kyc?

Laxus215

member

Activity: 244

Merit: 10

Now a days KYC are required by so many ICOs to be them on safer side as many of the exchange have requirements of KYC.I think there shouldn't be any issue with kyc for bounty huntung and investment as the amounts for them are always higher. Also in some exchanges you cannot withdraw the funds without KYC like gate.io and quoino etc

nitrinto

newbie

Activity: 210

Merit: 0

KYC in cryptocurrency is not required. and I think that KIS is another loophole for scammers not to fulfill their obligations.and no one knows yet how we use your data that you sent in.

idex100

newbie

Activity: 224

Merit: 0

Personal identification documents can expose a person to a lot of problems such as identity theft, online bullying,harassment, fraud etc, one should only submit such documents to reputable ICOs, if in doubt, then do not submit.it is risky

Troysen

member

Activity: 476

Merit: 10

For me it's not worth it, identity is something very delicate that we have to handle with extreme caution, you never know where those documents you gave them may stop, or what they'll use it for, and my peace of mind is worth much more than a few tokens, so I stay away from those kinds of bounties.

ambcoin

member

Activity: 630

Merit: 10

It is a must to avoid money laundering and criminals from entering the market. It is bad enough already market is still unregulated.

jugger1028

jr. member

Activity: 213

Merit: 3

The less KYC there is, the more scams there will be. If crypto is to evolve into a real currency, it can't be looked upon as a haven for drug lords and Chinese/Russian scam heaven. They should KYC the shit out of all of it.. Only when normal people feel safe with crypto will it ever evolve.

wxxyrqa

full member

Activity: 1372

Merit: 133

Quote from: WhiteShum on August 27, 2018, 02:19:36 PM

It isn't for the greater part of the ICOs that require KYC. There is a great deal of ICOs out there that you can get tied up with without utilizing KYC. That being said you should need to avoid ICOs that require KYC for you to put resources into their ventures

but how should I select the company ico, Where should I provide my personal data, And where not? if the project really has good prospects and a good team, then do not worry about registering KYC?

Topic: KYC in crypto, does it really require? - page 25. (Read 5463 times)