Topic: KYC public service announcement. - page 4. (Read 609 times)
I believe this KYC procedure is just trap of government officials to reach us and take their shares by calling it tax or staff like that. I strongly stand against this process.
It’s truly a shame. I really find the fact that some ICOs are requiring KYC information very bad. Why will I give my personal details to anyone make myself insecure? It’s annoying
I didn’t like this disturbing KYC procedure from the beginning. It makes us vulnerable and bound to the government officials. It’s the worst way to share information to someone over internet
What you say is very true and very important. Personal information should be kept confidential. Do not send kyc for unsafe projects or scam projects.
KYC is very dangerous when we send your personal information to strangers. The crypto community has always been worried about KYC, because we can easily lose personal information. I think I need to follow these tips.
Well said mate.... I strongly disagree with the idea of Kyc because it's disadvantages outweigh it's advantages, personal informations should remain confidential and can only be released to authorized agency not just someone sitting at the other side of the computer I'd rather jump project that requires Kyc other than releasing my sensitive informations
At first thank you for your valuable suggestions and advices. It is right that some frauds and hackers are working to get information about innocent publics. they'd be aware of them. They should know how to avoid scams and fraud parties.
I agree with you, I think it is not necessary to send your personal data to persons without knowing their true motive. As tempting as it may be, it may come out more expensive to you later.
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.
That's why I rarely join airdrop what require KYC. I know they do that because there are many cheaters. But I think we can not sell our information for $$. 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.
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 agree with your point of view. If the scammers get your personal information by us to do bad things, that is indeed a bad thing
It’s a confusing matter. Though KYC public service is important to give service to clients, but at the same time to keep your identity safe is also very important. There are lots of people are waiting online to misuse your information and identity.
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?
Many ICO has KYC because of the rules of other country that their people prohibits to buy token on ICO. But its wrong to get info from participant since their company doesnt registered on SEC.
Yes, I agree with you, the security of personal information is a crypto feature that has a decentralized system, and if kyc must be needed, then crypto is no longer anonymous.
KYC has always been a sensitive issue for cryptocurrency enthusiast, the bottomline is cryptocurrency community are not in favour of KYC and whoever think KYC add anything to cryptocurrency project is actually a learner! I totally agree with point raised by the Op!
I am in total agreement that KYC can be dangerous especially these days that information can be traded for a good value and can be done fast anytime on a global basis. Information can be powerful and in the hands of a deranged mind these information can be used for anything that can be illegal and harmful especially to us. This is not just freaking out or advanced thinking negatively because definitely we are not dealing here with angels...heck even angels turned to demons many ages ago so we have to be careful. Now, in balancing the need to know a project's customers and promoters i think there must be a way or a platform where these concerns can be balanced well for us and for the project we intend to be a part of.
If anyone share their KYC information with anyone and any websites who are unreliable and not trusted they should sell your identity on dark or deep web.
Great post flowers. I know a bunch of the users on this forum will ignore you and fill out the KYC for coins. They will all pay the price eventually. The best thing is to profit from this new technology so you can hopefully avoid the tax dragnet in the future. The guys doing KYC will have many issues with their identity being stolen in the future as their documents are already online.
I totally agree with you. It would be a great mistake for anyone if they share their kyc related information without knowing the authenticity of that site. Doing such things actually victimize them of scams and fakes.
I agree with you that it is very foolish to tell your personal data without knowing who it is. But still some good and promising projects are asked to pass KYC. And I have to do this procedure, because I can lose a lot of money, because some projects pay very generously.
I hope no one do this type of foolish mistake by share their KYC information with other whose are unreliable . That’s too much harmful for anyone because it’s like share their personal identity and document.
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