Topic: KYC requirements on BitcoinTalk Bounty Campaigns Become Worst! - page 5. (Read 675 times)
I think there are some countries that are not accepted by users of KYC procedures. I suggest that you don't easily give your identity data to people you don't know. It's better to still not participate in projects that do not use KYC because it will be safer.
So, what's the matter?
Nowadays, there are many more ICOs that obligate the bounty hunters to fulfill KYC requirements in order to claim the rewards and receive it.
KYC is not kind of strange thing although actually personally I feel a mind of this. Sometimes, if fulfilling the KYC process and we don't get the worthy rewards, it is so annoying. Moreover, there are also some scammers that utilize our KYC document for something wrong. They make us as the bounty hunters to feel worried about it, always. That is why we must be more careful in facing and completing the bounty with KYC requirements.
Nowadays, there are many more ICOs that obligate the bounty hunters to fulfill KYC requirements in order to claim the rewards and receive it.
KYC is not kind of strange thing although actually personally I feel a mind of this. Sometimes, if fulfilling the KYC process and we don't get the worthy rewards, it is so annoying. Moreover, there are also some scammers that utilize our KYC document for something wrong. They make us as the bounty hunters to feel worried about it, always. That is why we must be more careful in facing and completing the bounty with KYC requirements.
The problem is that many bounties does not state at the beginning of the bounty that KYC is needed. They announce it when the bounty is finished and then if you do not want to reveal your identity you end up working for nothing. The rules should be clear from the beginning and everybody can decide to participate or not.
Today some crypto companies want to get as more information about you as they can. They are doing it for making some social forecasts and inside analytics. KYC is not only a method to get a validation of your person but also to make their future promotions better. As for me I don`t see any bad things it this procedure but surely be patient and look for worthy organizers which will accept your passport.
They aren't accepting national IDs as part of their KYC?
What the heck, then what they are asking now? bank account details? credit card account details? Just stop complying to their KYC requirement, you'll never know how and where they'll use your IDs and other important details if you'll pass on their KYC.
What the heck, then what they are asking now? bank account details? credit card account details? Just stop complying to their KYC requirement, you'll never know how and where they'll use your IDs and other important details if you'll pass on their KYC.
In my opinion it's better to avoid bounty campaign / airdrop that require KYC procedure. You won't really know where your documents will be sent and it's too risky for just a couple of dollars..
Nowadays there are lot of campaigns in the crypto ecosystem, I'm pretty sure you can find lot of them without worrying on KYC and others strange things
Nowadays there are lot of campaigns in the crypto ecosystem, I'm pretty sure you can find lot of them without worrying on KYC and others strange things
its not normal, I understand if KYC when u take a part on pre-sale or etc., but why on bounty, too much project scam, and i do not want take him my personal information
A turn down if it is heading that way, Most probably it will be skipped by the ones who dont want to give out control of there info and they are right. Sooner or later it will leak/be shared.
Yes, if the project team requires almost impossible and difficult conditions for passing KYC - it should alert you. Most likely they have some problems with the distribution of tokens and thus they want to weed out a large number of participants.
There are several questions. First, who and why conducts such procedures. To eliminate multi-accounts? Not. Those who have bots, has many sets of documents. Why else? To not give part of the reward? Pennies...
I really do not like the procedure to pass KYC in any projects, but especially those that did not require it at the beginning of the bounty company. Many of them then turn out to be scammers.
maybe the KYC will be collected and be sold off in the dark web.
These days you almost have to assume this is going to be the case if you provide some questionable company with your personal information. Even if it doesn't end up on the darknet, they would probably have no qualms about selling it to telemarketers, spammers and the like.Op, you have to ask yourself if the reward for joining one of these bounties outweighs the risk of going through their kyc procedure. Something tells me that most of them are not required to know their customers, and bounty hunters are not customers anyway. They are pseudo employees working under the internet table.
Don't give them your dox. Nothing good can come from this.
It's a bit of a tricky situation, because many of the bounty campaigns are set up in order to promote gambling or exchange services. It is the connected service that usually requires the KYC bit and it gets extended to any activity on the service. I am always skeptical of handing over identity documents, which can be used to commit fraud in your name, and you should only give them to the most reputable companies in the cryptocurrency space.
Lately i'm just inspect most of the active Bounties in the forum and i even try visit those KYC requiring Campaigns i was find out that some of the campaigns are not accepting national ID's and requiring too much in order to recieve tokens I think its rude and too much what do you think?
In general, I believe that the requirements to be tested by KYC for bounty hunters are illegal. This is contrary to the purpose of the KYC verification, and for some other purpose, it is illegal for us to require our confidential data and passport copies.However, if such a test is carried out, then it should be at the initial stage of the ICO, so that everyone can see exactly what requirements for such a test are presented and have the opportunity to choose whether to participate or not.
As for the fact that some teams do not accept national documents for KYC, I am absolutely sure that this is done at the stage after the ICO, when they come up with hooks in order not to pay the earned tokens.
Passport is the most popular document so I think it's very normal when there is any bounty require passport for KYC instead of national ID. As I know it's very easy to make a fake national ID but it's almost impossible to make a fake passport, although there are few guys can do it but it'll take really long time and a lot of money. Beside, almost good bounty always require KYC to avoid scammers.
Lately i'm just inspect most of the active Bounties in the forum and i even try visit those KYC requiring Campaigns i was find out that some of the campaigns are not accepting national ID's and requiring too much in order to recieve tokens I think its rude and too much what do you think?
Passport and Driving Licenses are widely accepted in all the exchanges and tokens KYC process. Some National ID may not be known to the concern team so for the better side we can use one among the above as I given.
Personally working on bounties and sharing the personal information is not at all good as my understanding.
You can choose the good projects which does not ask those information.
When it comes to transparency i agree with it but i am also concerned regarding the safety of the given data thru the KYC procedures and i believe the same goes for the most of us.
Security first before anything else, KYC process for small amount of tokens where there's no assurance whether the coin will gained any value at all,choosing to be secured and not being carelessly to participate and send important informations about your identity, balance the reason why or why
not to do it before make your decision.
The more we try to avoid bounty campaigns that ask for KYC, the lesser they appear or compel bounty hunters to do the KYC.
What was really happening in those early days of bounty campaigns, that bounty participants were not asked to do KYC and now that they are being coerced to do it.
Is this time now better than then? No.
As a matter of fact, those early days that KYC was not required were much better.
What was really happening in those early days of bounty campaigns, that bounty participants were not asked to do KYC and now that they are being coerced to do it.
Is this time now better than then? No.
As a matter of fact, those early days that KYC was not required were much better.
I don't like KYC, some of them just cheat and use data from participants for their own sake, I assume this because I have seen when they were found and the whole contents of the project are not in accordance with the facts. they are very bad
When it comes to transparency i agree with it but i am also concerned regarding the safety of the given data thru the KYC procedures and i believe the same goes for the most of us.
Jump to: