Topic: KYC registration for ICOs? How do they verify? (Read 674 times)
they verify based on the population card sent by investors to the ICO team. they see if the use of official documents will make the team believe and the integrity of the participants will be maintained. so I think verification of kyc by not won't be difficult and easy to do.
Many important documents are verifiable, for example; in my country, you can not have S drivers licence without capturing and all your bio information been recorded on a centralized server which is made available by relevant agency of government online which anyone can assess!
ICO teams practically only collect confidential information, they only check it visually, they do not have authority for more serious checking. This is not a law enforcement organization.
The very same test KYC is brought to the point of absurdity. It's vseravno that you go to the store to buy a pack of tea, and you are told that it is customary in them to do a KYC check and you must provide them with your data and copies of your documents. Will you go to this store after that? So maybe the ICO teams need to solve something with the need for such verification, and not indulge in several states just because they do not want their citizens to not participate in the investment of ICO projects? ICO teams require a humiliating test and at the same time want them to have a lot of investors.
The very same test KYC is brought to the point of absurdity. It's vseravno that you go to the store to buy a pack of tea, and you are told that it is customary in them to do a KYC check and you must provide them with your data and copies of your documents. Will you go to this store after that? So maybe the ICO teams need to solve something with the need for such verification, and not indulge in several states just because they do not want their citizens to not participate in the investment of ICO projects? ICO teams require a humiliating test and at the same time want them to have a lot of investors.
Check passes in the manual. They donate to the passport base, and if all the crafts in a row are not there, they will send you a notice that everything has passed normally. I also sent KYC, and now I have been waiting for the third week.
They just checking if you are really not a U.S citizens because the SEC's has prohibited all of the citizens of america to join any of these countries,these ICOs are only following SEC's regulations so they wont have any problem with their ICO phases,KYC verifications will only require you to send your IDs so they would know if you are from U.S or not,so they can be sure that they wont violate the SEC's regulations.
Bullshit dude. It is up to you to know the law in your own country. You agree to it when you invest. You don't need KYC you should know the law.
And at the same time they began to demand, just in case, to be tested by KYC in the participants of the ICO generosity campaign. And then why would they do this?
That is indeed doing KYC is a pain, it's totally against the idea or cryptocurrency, that are build for anonymity. By doing KYC we'll be loosing that anonymity.
I really hope that we won't need to perform that KYC anymore.
I really hope that we won't need to perform that KYC anymore.
How do they verify identity in KYC registration? If I had a fake Id from the EU and an address would that possibly work?
To verify KYC in crypto ICOs ,many of the project admin uses special verification tools like high intensive scanner machines to prove the authenticity of the provided documents by relating the information you have provided during the registration on their site to that of the provided documents.
How do they verify identity in KYC registration? If I had a fake Id from the EU and an address would that possibly work?
I believe that using your passport ID, they can check if your details are accurate. However, i also think that having the information is very important due to regulations. What is indeed important is knowing who is keeping your information as these days, identity fraud is very common
Articles out there where the terrorists are using fake/stolen passports.
https://identity.utexas.edu/id-experts-blog/the-link-between-identity-theft-and-terrorism
Maybe we shouldn't be passing our passports to everyone to get into crypto. Imagine a huge terror attack and your on the news because you sent in your passport for KYC and the world is looking for you!
You're right, everyone can still make fake passports or fake their personal identities. perhaps a good step is to provide evidence from the police that it never violates the law. but I think that makes them too busy.https://identity.utexas.edu/id-experts-blog/the-link-between-identity-theft-and-terrorism
Maybe we shouldn't be passing our passports to everyone to get into crypto. Imagine a huge terror attack and your on the news because you sent in your passport for KYC and the world is looking for you!
I believe that any ICO project that requires your personal data is SCAM! There are no legitimate reasons for this, for this I pass by such projects. The same goes for AirDrop.
This is the right statement and the right decision. In the ICO, they can only visually inspect the provided data and compare it. They have no authority to check them. Therefore, they only collect confidential information, for the safety of which they do not bear any responsibility. Due to its uselessness, they can sell it to various attackers. With such a large number of fraudulent ICOs, we also give them our identification data and copies of documents.This is especially true for participants of the ICO generosity campaign. How can they launder dirty money if they don’t pay any of their money? This situation is absurd.
I agree with this...we the ordinary ICO buyers, bounty hunters and the like are in danger because we are sharing our information and documents with people whom we are not sure what can do with those things we submitted into them. Until now, there is still no clear-cut solution for this dilemma. There must be a way where we can be authenticated without the need to submit to anyone those required documents and information. I am hoping that in 2019, we can be able to use the advantages of the blockchain technology for this situation.
Articles out there where the terrorists are using fake/stolen passports.
https://identity.utexas.edu/id-experts-blog/the-link-between-identity-theft-and-terrorism
Maybe we shouldn't be passing our passports to everyone to get into crypto. Imagine a huge terror attack and your on the news because you sent in your passport for KYC and the world is looking for you!
You're right, everyone can still make fake passports or fake their personal identities. perhaps a good step is to provide evidence from the police that it never violates the law. but I think that makes them too busy. https://identity.utexas.edu/id-experts-blog/the-link-between-identity-theft-and-terrorism
Maybe we shouldn't be passing our passports to everyone to get into crypto. Imagine a huge terror attack and your on the news because you sent in your passport for KYC and the world is looking for you!
It depends on the situation and who is in charge of the verification of the documents. But it is advisable to turn your official documents and not the doctored documents to ensure that your funds will not be hold or worst your funds get forfeited if found a fake document.
I think they look at your face, at your ID card and protective signs on it. I am not sure that on fake ID card will be appropriate protective signs.
I believe that any ICO project that requires your personal data is SCAM! There are no legitimate reasons for this, for this I pass by such projects. The same goes for AirDrop.
This is the right statement and the right decision. In the ICO, they can only visually inspect the provided data and compare it. They have no authority to check them. Therefore, they only collect confidential information, for the safety of which they do not bear any responsibility. Due to its uselessness, they can sell it to various attackers. With such a large number of fraudulent ICOs, we also give them our identification data and copies of documents.This is especially true for participants of the ICO generosity campaign. How can they launder dirty money if they don’t pay any of their money? This situation is absurd.
I don't know if they actually bother to verify, it would probably cost them money to check each application and it will take a long time administratively. The question is where people get these fake IDs, do people actually scour the dark web to find them?
If the team really go through all the KYC, they will be able to spot out fake means of identification. There are so many things on the passport or government issued Id that can make someone to differentiate the original and the fake.
Articles out there where the terrorists are using fake/stolen passports.
https://identity.utexas.edu/id-experts-blog/the-link-between-identity-theft-and-terrorism
Maybe we shouldn't be passing our passports to everyone to get into crypto. Imagine a huge terror attack and your on the news because you sent in your passport for KYC and the world is looking for you!
come on dude don't make this sound funny honestly from a simple KYC of an ICO and later land yourself to be a terrorist on the news....https://identity.utexas.edu/id-experts-blog/the-link-between-identity-theft-and-terrorism
Maybe we shouldn't be passing our passports to everyone to get into crypto. Imagine a huge terror attack and your on the news because you sent in your passport for KYC and the world is looking for you!
I dont even want to imagine the reaction of everyone that knows me and how all security wings would respond to this but I really think we should be cautious about this whole KYC process be this is not a light issue to brush off.
So most of the time, you can use the KYC verification, because they don't have any way to verify the correctness of the KYC information, because they don't get help from all countries, so most of the time, I think it is dangerous to submit KYC information,
At present it's very simple to send fake I.D. because they don't have the possibiity to verify any passport.
And - as it's very risky to send your data to unknown entity - for sure it's better to send fake ones.
But probably in the future this won't be possible anymore.
Bye bye privacy...
And - as it's very risky to send your data to unknown entity - for sure it's better to send fake ones.
But probably in the future this won't be possible anymore.
Bye bye privacy...
KYC when you give only your personal details with passport its ok for me .You are not giving something more private like keys to your wallet
What can happen if they know your address?nOthing
What can happen if they know your address?nOthing
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