KYC scams - page 14. | Bitcointalksearch.org

Zadicar

legendary

Activity: 1386

Merit: 1020

DGbet.fun - Crypto Sportsbook

Quote from: ovcijisir on July 23, 2018, 03:10:41 PM

Quote from: Alerter on December 28, 2017, 10:54:25 PM

KYC is against the whole cryptocurrency philosophy. Try to avoid it by using as little fiat and centralized exchanges as possible and only with temporary wallets.

Agree with that. In my opinion giving your documents is too risky. They can be used to scam people, steal your identity or they can simply sell them to third party.

Even if they are honest, they can store your personal data on unsecure computer, and someone else can steal your data.

I strongly advise to avoid any kind of KYC specially with sans of your ID/passport.

Its fully contrary on how Cryptocurrency works which it should really be decentralized but now we can see how these projects do imply KYC verifications some are legit ones and some are just total fraud.
Keeping out those valuable informations cant really be guaranteed even if we do talk about legit projects that do ask KYC and same as you said it do still have the risk or tendency to be compromised or steal out by other people which you would always have the risk for your identity to be used up on other means.

Nanagyasi

member

Activity: 336

Merit: 10

I think many of us have not considered that aspect and so willingly send our identity information to any bounty requesting for KYC. I think this will keep us alert whenever we are asked to do KYC for any bounty campaign.

alimarh

member

Activity: 238

Merit: 10

Yeah you are right, I have once send my passport and personal data for an airdrop, and they were hacked then they use those my private details to send me scam messages from time to time. Please carefree out there

sergienkoe

member

Activity: 350

Merit: 11

I never go through the KYC procedure.
This is a matter of principle. I do not want my personal data to be on every petty scammer on web.
It happens that at the end of bounty compaign team ask for documents (they enter a new rule), in which case I do not send anything. I regard this as a scam.
With such a start, there will be no good future for such a project.

Omighty28

jr. member

Activity: 187

Merit: 5

Quote from: Yudhisthir on December 28, 2017, 08:22:47 PM

Yes, users should be ware of whom they are sending their identity.
Most of the new coins are just doing to look special.
Anonymity is one of the reason why people switched for paypal to crypto.

One reason I avoid KYC is because of the essential documents that are requested for. These documents are confidential, I mean, these scammers can manipulate things and implicate any body vulnerable to their dubious acts. This could open anybody up unknowingly and all of a sudden get the WANTED Status. Nobody wants that I presume, so bounty hunters really need to throw caution around.

captain_blood

member

Activity: 364

Merit: 12

The Most Profitable Mining Pool

Quote from: camps74 on December 28, 2017, 08:11:03 PM

I have seen evidence of some scams being run under the guise of KYC in order to gain your passport and government issued id's. Be careful out there and remember that a lot of these coins end up being scams. Do you really want them having your passport/photo identification? This is how people fall victim of identity fraud so please think before sending your information in.

Could you please name that particular ICO you are referring to and please also include the proof of being a fraud so that we in the community will be aware of such activities and take proper action. It's great if you could include the specific information - really helpful to the community.

knolix

member

Activity: 176

Merit: 10

MeVu

I don't think that shared ID could cause anything special in this modern world, I always cover the important numbers and informations and there is no way to use it. You have to accomplish KYC clever.

Pecunia non olet

full member

Activity: 882

Merit: 102

PayAccept - Worldwide payments accepted in seconds

And why are you afraid about abusing IDs? I think they cant simply create a bank account and take loan or?
Also using someone else ID is a criminal activity, so I think a lot of scammers will not use it Wink

.

refreshka

newbie

Activity: 103

Merit: 0

How does this happen? Now many bounties require identification of the person, otherwise you will not be paid tokens. How to check whether these are scammers or not. You can provide not passport data, but for example, a driver's license. then you will be protected from risks. You can put a watermark on the document and then no one can use it.

Tiklohor

member

Activity: 266

Merit: 10

I don't see anything wrong with KYC because I know that without my signature no document will be valid.

DamilolaB

member

Activity: 313

Merit: 10

Although I have not fall victim any any kyc scam but there have been cases where I did kyc just to be able to get my rewards. However, we must be very careful in divulging any personal information to anyone in the name of kyc, undergroundresearxh must be carried out to know how credible they are.

Omighty28

jr. member

Activity: 187

Merit: 5

Quote from: camps74 on December 28, 2017, 08:11:03 PM

I have seen evidence of some scams being run under the guise of KYC in order to gain your passport and government issued id's. Be careful out there and remember that a lot of these coins end up being scams. Do you really want them having your passport/photo identification? This is how people fall victim of identity fraud so please think before sending your information in.

Recently there are warnings about KYC. Scammers are everywhere looking for who or what to devour. They are out there working tirelessly on tricks and ways to reap what they have not sowed. So, bounty hunters should be extra careful with KYC.

jakiro.hovard

full member

Activity: 504

Merit: 100

In general, I'm not against global verification, but if we talk about what KYC will provide for every private organization that will take our documents somewhere, I'm totally against it. I think that many people think what happens to their documents.

sumangs

full member

Activity: 644

Merit: 101

Quote from: camps74 on December 28, 2017, 08:11:03 PM

I have seen evidence of some scams being run under the guise of KYC in order to gain your passport and government issued id's. Be careful out there and remember that a lot of these coins end up being scams. Do you really want them having your passport/photo identification? This is how people fall victim of identity fraud so please think before sending your information in.

Me making sure that I do KYC is that I should know every details of the ICO itself. Before I send mine I examine every member of the ICO team if all of them was legitimate. My examining is not as good but I guarantee high chance that my identity is safe. Maybe I'm just lucky sending my identity to trusted ICOs but it doesn't mean that I'm in safe hands all the time. If you think that the ICO is shady or sketchy try sample IDs online just to troll them. If you got trolled for a scam ICO then just troll them back for vengeance, karma is always there.

reverseflash

full member

Activity: 518

Merit: 100

KYC should be done only for those projects in which you are sure and usually only required for investors. If KYC is required for an airship, in most cases it will be fraud.

Denreal

jr. member

Activity: 784

Merit: 6

OP, you are right. This does not only apply to investors alone, but also bounty and airdrop participants. No matter the area or level in which you are participating in, if you are asked for your personal information, always take your time to study the project as well i the team.

ovcijisir

sr. member

Activity: 1491

Merit: 320

🐪

Quote from: anitaraymonds on July 23, 2018, 03:22:12 PM

This is true but nobody is thinking about it in this scam or identity theft direction. the worst of it is that all the bounty project are now making it compulsory that KYC must be done by every one whether you are an investor or ordinary bounty hunter failure to do will result in your token withheld and losing your effort and time. I did not know why Bounty Hunters should do the KYC since they are not investor.

And the worst thing is that some projects ask you to do KYC at the end of the bounty! When bounty hunters refuse to do KYC then owners just take those tokens back.

sabine80

member

Activity: 728

Merit: 14

Quote from: Jr. on July 23, 2018, 03:06:40 PM

Hahaha there are some freaking project that's requires KYC to keep the joiners date for their next platform so you need to be careful whom to give it.... Don't just trust people who are offering good offer..

because of such reasons i do not participate in kyc. i prefer to forego one or the other project, but i can live with that.

Conte_Forni

member

Activity: 406

Merit: 10

https://www.bitc2.org/

It is very sad to hear this, I did not know about it, I hope this will be fought with. I never liked this KYC. But now there is nothing to be done, everybody demands it and I do not like it very much!

cyberlilith

newbie

Activity: 29

Merit: 0

There should be one centralized KYC for verification that any company can use to verify participants, and that will be very hard to established as we are onto decentralization now.

Maybe KEY will do it, or AMLT, or any token that does it.

Topic: KYC scams - page 14. (Read 2927 times)