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.
That is a good Idea, Almost a lot of people being victims of this kind of strategy to scammed us. I don't really imagine why the other people need to take advantage to make a bigger money. But they can work clean as green and earn more via wasting their time to a good work. 
Topic: KYC scams - page 5. (Read 2938 times)
I have only given out my ID, photo and passport for one ico that did kyc.
Nothing has happened, but that was the first and last time I did it.
I just don't ever want to run the risk of getting scammed or exploited.
Here in america, you can steal someone's id so easily and open up credit cards in that persons name.
It happens very frequently and I think you would be a fool to think that it is not serious.
I did mess around with the kyc a little bit, after all, it is pointless and unnecessary.
I managed to get whitelisted off of a passport photo page I got from the internet.
Google is a wonderful thing and it just goes to show how ridiculous this whole thing is.
Nothing has happened, but that was the first and last time I did it.
I just don't ever want to run the risk of getting scammed or exploited.
Here in america, you can steal someone's id so easily and open up credit cards in that persons name.
It happens very frequently and I think you would be a fool to think that it is not serious.
I did mess around with the kyc a little bit, after all, it is pointless and unnecessary.
I managed to get whitelisted off of a passport photo page I got from the internet.
Google is a wonderful thing and it just goes to show how ridiculous this whole thing is.
Very bad situation when you fill KYC and pass it, but dont get tokens.
KYC's can be filled by not real docs, and system cant detect it, because we filling it remotely, its one of the dark side of kyc in crypto
KYC's can be filled by not real docs, and system cant detect it, because we filling it remotely, its one of the dark side of kyc in crypto
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.
That's scary...Everything related to money needs KYC in our place . So, if this is the case, how can we proceed with our work
Yes you must be very careful
Too many bad actors out there to provide your personal identification documents to just any project and it should only be required for investments over a certain amount not for something as insignificant as an airdrop
Find out as much as you can about the project to verify that it is legitimate before submitting anything
Too many bad actors out there to provide your personal identification documents to just any project and it should only be required for investments over a certain amount not for something as insignificant as an airdrop
Find out as much as you can about the project to verify that it is legitimate before submitting anything
Indeed we should should be able to be more careful in using the KYC. because this KYC more bizarre data field only. do not easily believe, because so far we don't know yet what exactly, is used for the data.
KYC is just Know your customer, so when investing legit company wants to know from where the funds has come from,this is the soul purpose of KYC. but unfortunately some rouge people are using the info and selling it in wrong hands.
Indeed we should should be able to be more careful in using the KYC. because this KYC more bizarre data field only. do not easily believe, because so far we don't know yet what exactly, is used for the data.
Yes, I agree. Even though I am not an investor yet, I was always careful on bounties I joined. I make sure that the bounty doesn't need KYC. It will be a big problem if we become a victim of identity theft and it can even put us in jail if our identity was used for criminal activities. Being investigated by the police was never a good thing and it should not be experienced by everyone. If the reward is not that high for bounty that requires KYC, just pass on it rather than being a victim of identity theft.
i do 100+ kyc in my crypto life. this is too late for me now. who knows maybe they use for good things. i am not afraid 
You are not afraid?? Wow this is some top notch confidence that you have.
Scammy icos collect your KYC and will fill the airdrop with yours KYC to claim tokens. Example assume that a person have 12000 KYC collected from scammy ICO then he can claim Tokens from a legit ICO.
Assuming the price of tokens that you get is as low as 10$ then 1.2 Mil is the amount that the scammer will get.
Moreover Your Info can be used at illegal places which could get you in trouble at some point of life.
i do 100+ kyc in my crypto life. this is too late for me now. who knows maybe they use for good things. i am not afraid
In my opinion, we have a choice. Provide or not provide documents. I try to bypass such projects side.
This have been discussed to many times, but for those who are reading this for the first time- DO NOT DO KYC FOR BOUNTY.
Red flag is that they are attempting to collect kyc data on their own website ,this is just absurd, dont go for that.
If their are legit, they will use respecting KYC company to do this work who will protect the data.
Red flag is that they are attempting to collect kyc data on their own website ,this is just absurd, dont go for that.
If their are legit, they will use respecting KYC company to do this work who will protect the data.
Mate, there's purposes why other bounty campaigns required KYC for bounty participants to get the bounty rewards. First is we know that there are many member are cheaters by using multiple account. If you don't want to do KYC it is up to you, find the project that don't need KYC.
KYC is not a prerequisite for success or image of good ICO. I have noticed that good ICO seem to take life by itself and become succesful because of sme factor that contribute to it's success. If an IICO project is needed and there is clear plan for growth and development, such ICO will do well regardless!
be careful with the use of KYC because it can later be misused by irresponsible people. I hope you have to be more careful about the use of this kyc ... and keep in mind that now is the biggest scam season where many projects are not responsible
It is not safe to transfer KYC personal data, especially passport. Do not you find that a driver's license or other document with a photo is still safer, as in identity theft still need a passport.
I'm not a supporter of KYC, but to get payments from the bounty, I decided to pass it a couple of times. Everything was successful, but I have not seen my payments to this day ( except for the project as a Shivom). Therefore, yes, the companies that ask for the KYC are basically SCAMs.
Uvenen is that KYC is used in crypto only for some vague fraud. Even the use of KYC leads to a decrease in the money of investors, especially large investors, which is reflected in the results of the implementation of ICO projects. I do not pass KYC.
I would never use my passport for KYC. I have tried KYC's and on my experience, they don't have a specific ID needed to be approved. I always use my driver's license or tax identification I.D. and I never have problems with it and I never think that they could use it for identity theft. If in case that they really require a passport, I will make sure that its worth it and I will earn a lot of money before doing KYC. If its just for a few dollars, I won't do it.
This is cause for concern when should provide KYC in the bounty or a project. It would be very dangerous when the data we have to fall into the wrong person because of course it could be used for acts that are not supposed to. indication and analysis may be necessary also to this especially in ICO or bounty to make sure it is good and KYC also sure is safe. When many anomalies then leave it out.
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.
Hearing the story you said, I feel that many projects are not reliable. Do they use KYC to steal user information? 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.
Therefore, I never join the ICO signature campaign if it indicates the possibility of conducting a KYC check. If such a check occurs during the ICO or at the end of the ICO, I send them other people's data or just fictitious. They can not verify them vseravno, only analyze logically.In general, the requirement to pass a KYC test from participants in the ICO generosity campaign is absolutely illegal. We are not investors in ICO projects and therefore should not come to such an audit.
Jump to: