Yes, I also have come across with this type of news and that's really very scary. What I can only recommend to all is that not to go for those ICO which require KYC. Who knows that ICO might be a scam just to collect the information.
Topic: KYC public service announcement. - page 2. (Read 605 times)
I feel that, requirements like KYC and other personal details should be discouraged among the crypto market. Though we are only focusing on making profit but we are forgetting to look at the wrong side of providing such confidential information in the wrong hands. Hopefully, the community will realize this soon.
The number of projects requiring a procedure KYC is constantly growing. I think that soon they will become the majority. what to do then?
Exactly what I was thinking. Almost all the ICOs nowadays asks for KYC informations while the bounty hunters are trying to join their campaigns and airdrops. Though we give out these sensitive information falling for the greed of earning few tokens but we need to realize that the cost of someone misusing these information can be more dangerous in the long run.
Certainly transfer of screens of private papers to the third parties is very risky. Transfer of any confidential information on the Internet rather dangerous occupation. Any hacker can steal your data and use them in the bad purposes. But on the other hand, now many bounty company enter procedure KYC with a formulation "you want to receive your reward, then pass ". And perhaps soon the majority of a baunta of the companies will enter this procedure.
However what then to do if not to pass кик if there is no other way to receive the earned tokens.
However what then to do if not to pass кик if there is no other way to receive the earned tokens.
KYC is here to stay, almost all reliable exchanges require it; it is a requirement in most ICOs and so it is sadly unavoidable.
We should however be careful about the nature of documents we give out and also who is asking for it.
Any airdrop that request for KYC is a big no for me.
We should however be careful about the nature of documents we give out and also who is asking for it.
Any airdrop that request for KYC is a big no for me.
I have seen quite a few topics arise over the last few days regarding KYC.
Do not give your KYC information to anyone over the internet. Period. Think about this for a second. Your sending your personal documents (which contain everything needed to assume your identity) over the internet. The ways your information can be grabbed once you have used the send button are numerous. Once the criminal has gotten your personal data they can make illegal transaction under your name, leave your documents by the scene of a crime and even set you up to take the fall for a terrorist attack (by leaving your information). There are numerous articles on this forum speaking about stolen identities from the KYC procedure.
Any project and project team with any value at all will recognize that its not appropriate to ask individuals to take these security risks to gain access to their ICO or bounty/airdrop program. The projects should realize that crypto is about decentralization any privacy. If a project is asking you to break these rules look elsewhere.
There are not many things in this world more important than your personal documents and privacy. Do not make a foolish mistake and send your documents in. If you do your running a huge risk and more often than not the project you sent the information in to will be a scam or failure. Then what?
Finally, once the governments of the world can connect you with your blockchain address you are now a complete tax slave as they will be able to see every transaction you make. Even the .005 Bitcoin you slide to the homeless guy. It's now a traceable and taxable event.
Stay safe everyone.
kyc process as of today are becoming more dangerous than it was before, Its really hard to trust even if it is required in a certain project to receive your bounty reward, but you must think twice before submitting. Do not give your KYC information to anyone over the internet. Period. Think about this for a second. Your sending your personal documents (which contain everything needed to assume your identity) over the internet. The ways your information can be grabbed once you have used the send button are numerous. Once the criminal has gotten your personal data they can make illegal transaction under your name, leave your documents by the scene of a crime and even set you up to take the fall for a terrorist attack (by leaving your information). There are numerous articles on this forum speaking about stolen identities from the KYC procedure.
Any project and project team with any value at all will recognize that its not appropriate to ask individuals to take these security risks to gain access to their ICO or bounty/airdrop program. The projects should realize that crypto is about decentralization any privacy. If a project is asking you to break these rules look elsewhere.
There are not many things in this world more important than your personal documents and privacy. Do not make a foolish mistake and send your documents in. If you do your running a huge risk and more often than not the project you sent the information in to will be a scam or failure. Then what?
Finally, once the governments of the world can connect you with your blockchain address you are now a complete tax slave as they will be able to see every transaction you make. Even the .005 Bitcoin you slide to the homeless guy. It's now a traceable and taxable event.
Stay safe everyone.
I have seen quite a few topics arise over the last few days regarding KYC.
Do not give your KYC information to anyone over the internet. Period. Think about this for a second. Your sending your personal documents (which contain everything needed to assume your identity) over the internet. The ways your information can be grabbed once you have used the send button are numerous. Once the criminal has gotten your personal data they can make illegal transaction under your name, leave your documents by the scene of a crime and even set you up to take the fall for a terrorist attack (by leaving your information). There are numerous articles on this forum speaking about stolen identities from the KYC procedure.
Any project and project team with any value at all will recognize that its not appropriate to ask individuals to take these security risks to gain access to their ICO or bounty/airdrop program. The projects should realize that crypto is about decentralization any privacy. If a project is asking you to break these rules look elsewhere.
There are not many things in this world more important than your personal documents and privacy. Do not make a foolish mistake and send your documents in. If you do your running a huge risk and more often than not the project you sent the information in to will be a scam or failure. Then what?
Finally, once the governments of the world can connect you with your blockchain address you are now a complete tax slave as they will be able to see every transaction you make. Even the .005 Bitcoin you slide to the homeless guy. It's now a traceable and taxable event.
Stay safe everyone.
kyc process as of today are becoming more dangerous than it was before, Its really hard to trust even if it is required in a certain project to receive your bounty reward, but you must think twice before submitting. Do not give your KYC information to anyone over the internet. Period. Think about this for a second. Your sending your personal documents (which contain everything needed to assume your identity) over the internet. The ways your information can be grabbed once you have used the send button are numerous. Once the criminal has gotten your personal data they can make illegal transaction under your name, leave your documents by the scene of a crime and even set you up to take the fall for a terrorist attack (by leaving your information). There are numerous articles on this forum speaking about stolen identities from the KYC procedure.
Any project and project team with any value at all will recognize that its not appropriate to ask individuals to take these security risks to gain access to their ICO or bounty/airdrop program. The projects should realize that crypto is about decentralization any privacy. If a project is asking you to break these rules look elsewhere.
There are not many things in this world more important than your personal documents and privacy. Do not make a foolish mistake and send your documents in. If you do your running a huge risk and more often than not the project you sent the information in to will be a scam or failure. Then what?
Finally, once the governments of the world can connect you with your blockchain address you are now a complete tax slave as they will be able to see every transaction you make. Even the .005 Bitcoin you slide to the homeless guy. It's now a traceable and taxable event.
Stay safe everyone.
yeah, i agree with you. but now day even airdrops need your identical information, why do they need it for?
I understand the reason behind ICO need your identical information, but why even airdrop too?
I understand the reason behind ICO need your identical information, but why even airdrop too?
They need it because regulations require it . Ofcourse it depends from Country , but nowadays in ICO's alot of them require KYC to participate . Ofcourse you can wait after ICO ends and buy tokens on decentralized exchange , if you dont wanna risk your identity stolen . Most ICO's usually drop in price twice/triple after exchange launch lol . So if somebody wanna participate in ICO , better don't and wait for exchange
The same people who have no problem giving KYC to any ICO or suspicious project, are the same ones who use Facebook with a public profile and give all their information out there, and for those people privacy is irrelevant so don't lose your breath, anyone who values their privacy or their identity doesn't even use the same username in different forums, since it's very easy to link someone's identity by details in the messages, you have to be very careful with the information we release on the internet, guys.
Doesn't matter what the circumstance is, it is always said that not to give out any sort of personal information to KYC. If needed, avoid it.
in any case, as if my mother were indignant and press to provide their passport data, activities with a crypto currency will force us to do It regardless of our desires.
Doesn't matter what the circumstance is, it is always said that not to give out any sort of personal information to KYC. If needed, avoid it.
Yes, it is advised to the people that no matter what, under any circumstances, they are not supposed to give out any sort of personal information to KYC. There could be malicious reasons behind it. Until it gets cleared up, it is better to avoid it.
there would be earnings and it would be possible to pay taxes. and about the fact that my data can be used by scammers-without my signature, nothing is real
Based on this market there are many newses are coming also it is true that you should not give any personal information to KYC it may cause of risk so I think avoid giving such types of information’s is better.
Yes it is better to avoid this because it is advised to the people that do not give any personal information to KYC so we should avoid this thing.
I have seen quite a few topics arise over the last few days regarding KYC.
Do not give your KYC information to anyone over the internet. Period. Think about this for a second. Your sending your personal documents (which contain everything needed to assume your identity) over the internet. The ways your information can be grabbed once you have used the send button are numerous. Once the criminal has gotten your personal data they can make illegal transaction under your name, leave your documents by the scene of a crime and even set you up to take the fall for a terrorist attack (by leaving your information). There are numerous articles on this forum speaking about stolen identities from the KYC procedure.
Any project and project team with any value at all will recognize that its not appropriate to ask individuals to take these security risks to gain access to their ICO or bounty/airdrop program. The projects should realize that crypto is about decentralization any privacy. If a project is asking you to break these rules look elsewhere.
There are not many things in this world more important than your personal documents and privacy. Do not make a foolish mistake and send your documents in. If you do your running a huge risk and more often than not the project you sent the information in to will be a scam or failure. Then what?
Finally, once the governments of the world can connect you with your blockchain address you are now a complete tax slave as they will be able to see every transaction you make. Even the .005 Bitcoin you slide to the homeless guy. It's now a traceable and taxable event.
Stay safe everyone.
kyc process as of today are becoming more dangerous than it was before, Its really hard to trust even if it is required in a certain project to receive your bounty reward, but you must think twice before submitting. Do not give your KYC information to anyone over the internet. Period. Think about this for a second. Your sending your personal documents (which contain everything needed to assume your identity) over the internet. The ways your information can be grabbed once you have used the send button are numerous. Once the criminal has gotten your personal data they can make illegal transaction under your name, leave your documents by the scene of a crime and even set you up to take the fall for a terrorist attack (by leaving your information). There are numerous articles on this forum speaking about stolen identities from the KYC procedure.
Any project and project team with any value at all will recognize that its not appropriate to ask individuals to take these security risks to gain access to their ICO or bounty/airdrop program. The projects should realize that crypto is about decentralization any privacy. If a project is asking you to break these rules look elsewhere.
There are not many things in this world more important than your personal documents and privacy. Do not make a foolish mistake and send your documents in. If you do your running a huge risk and more often than not the project you sent the information in to will be a scam or failure. Then what?
Finally, once the governments of the world can connect you with your blockchain address you are now a complete tax slave as they will be able to see every transaction you make. Even the .005 Bitcoin you slide to the homeless guy. It's now a traceable and taxable event.
Stay safe everyone.
About KYC system at some program..we will get problem or not with our data when we send to some developer project.any risk about our data if they use it for something? Often i have afraid when i must send KYC data on some program
Basically as far I know that is it is advised people that any source of information should not be provided to KYC until it is getting clearance so avoid such types of things.
I hate when the bounties are saying about kyc procedure mandatory in the few last days before the Bounty ends, this is very unpolite to your customers and bounty participants, do not do that please.
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