Monthly income and Bank account statement for a KYC - page 2.

Tambu

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Activity: 224

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Quote from: Bressam on March 09, 2018, 08:50:35 AM

I never apply those ICO, bounty or airdrops where they ask for my personal confidential details.

Some of the ICO ask KYC to make it sure that you are not spamming their their airdrops/bounty etc. But asking you bank statement and source of income is to much.
I won't join if those things were ask. Actually if you ask somebody their banks statements and income is kinda offensive.

DarkBullet

member

Activity: 336

Merit: 55

This was the first time I heard an ICO KYC asking a monthly income and bank account statement. You are interested on their platform because you wanted to invest and not to request for any loan. That was a clear scam and identity theft KYC. Never trust those kind of ICO. Bank account statement is consisting of sensitive information that is not advisable to provide to someone. That project abusing too much of KYC policy.

Bressam

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I never apply those ICO, bounty or airdrops where they ask for my personal confidential details.

bitkanu

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Quote from: Captain_Planet on March 04, 2018, 07:00:09 AM

Quote from: Kulafu on March 04, 2018, 06:04:03 AM

Just recently I saw an ICO that asking a monthly income and bank account statement for a KYC. It's said on their KYC form that it is important for them to know the financial capacity of their token holders or buyers.
What can you say about this requirements?
Somebody here did it before?

Never apply those kiddish airdrops or ICOs where they ask for your personal confidential details.

KYC and AML are legit in my opinion just if it don't surpass the limit, asking for monthly income and bank account statement is just too much especially if the ICO itself looks doubtful. I recommend anyone here never ever handing such important data to someone you don't know.
It might be turn out to be a fraud attempt of stealing your credentials data who knows? There's so many damn ICO that didn't ask such so better switch off.

thepo1m

hero member

Activity: 658

Merit: 500

I think one need to think twice before giving out ones information out to these projects now, asking for bank account statement has gone too far, this could be a scam project. I don't know why you did not make mention of the actual project asking for these information

IIIIIIIII#VIP#IIIIIIIII

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Activity: 686

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I think that projects that require your bank account statement are scam projects. They collect information about you and your earnings in order to then sell this information to hackers.

Tsar Bomba

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Activity: 211

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Quote from: Kulafu on March 04, 2018, 06:04:03 AM

Just recently I saw an ICO that asking a monthly income and bank account statement for a KYC. It's said on their KYC form that it is important for them to know the financial capacity of their token holders or buyers.
What can you say about this requirements?
Somebody here did it before?

For me it defeats one of the true purposes of cryptocurrency which is giving freedom to all the unbanked people. Many people who engage in crypto/ICO/Bounty campaigns are either unbanked or broke. So how can an unbanked person provide bank account statement? But i also understand that they need this because of governments regulations and stand when it comes to ICOs and cryptocurrencies. Still as i've said it defeats the purpose of decentralization, freedom for unbanked people, and undermining governments and centralized system of conventional banking.

Please help me rank up by donating me some MERIT Cry

Yooshijin

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Activity: 138

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I do not think that proof of your monthly income should be submitted in order for you to participate in their ICO. You do not owe them for anything so they shouldn't care about your financial status as long as you can provide the minimum investment.

cryptoalfs76

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Activity: 406

Merit: 100

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Quote from: Kulafu on March 04, 2018, 06:04:03 AM

Just recently I saw an ICO that asking a monthly income and bank account statement for a KYC. It's said on their KYC form that it is important for them to know the financial capacity of their token holders or buyers.
What can you say about this requirements?
Somebody here did it before?

Will,i thinks there something fishy this kind of ICO that you joined,because mostly a KYC is appealing only your personal information by giving your support paper like passport,license,or identification card,but this asking your monthly income,or your bank account statement,is not a proper and regular requirments of KYC,so just try to avoid this kind of investment and find another one,maybe this is a scam project and try to get your personal asset.

realcrypto

member

Activity: 476

Merit: 12

Asking for statement of account from bounty hunters or investor should be optional. Most campaign are asking for KYC because it is needed in their country.

bitcoinzen

member

Activity: 420

Merit: 11

this is ridiculous to expose bank account statement to unruling predetermined icos without knowing their intention of collecting KYC i total disagree ico with KYC as mandatory crypto space runs on anonymity nt on identity-based transactions

kwakufavour

jr. member

Activity: 167

Merit: 2

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I don't think such an ICO is good. They could be gathering bank statements for something bad.
It's just know Your Customer, not his finances.
People are even doing email marketing by gathering emails from fake airdrops filled on Google Forms.
It's good you avoid it.

LordTricky

jr. member

Activity: 98

Merit: 2

Quote from: Kulafu on March 04, 2018, 06:04:03 AM

Just recently I saw an ICO that asking a monthly income and bank account statement for a KYC. It's said on their KYC form that it is important for them to know the financial capacity of their token holders or buyers.
What can you say about this requirements?
Somebody here did it before?

Avoid them like the plague, KYC = know your CUSTOMER... you are not buying anything, but if you hand over your ID expect the tax man to come sniffing around Wink

Daria_daria1992

member

Activity: 350

Merit: 11

This requirement crosses all boundaries. And most likely this is fraud. In addition to passport data, propiska, they want to know how much money you have. It makes me think bad thoughts. I would not participate in such an ICO exactly, and I do not advise you.

Vit83

full member

Activity: 644

Merit: 100

Stop sending private information and your documents photo to unknown people in the web) if this ICO is very great you can take part in different ICO pools or buy token later on exchange.

btcrut2017

member

Activity: 406

Merit: 11

Quote from: Kulafu on March 04, 2018, 06:04:03 AM

Just recently I saw an ICO that asking a monthly income and bank account statement for a KYC. It's said on their KYC form that it is important for them to know the financial capacity of their token holders or buyers.
What can you say about this requirements?
Somebody here did it before?

Asking for that documents is not good for me because it is so personal but the good thing is that they asked it before you invest in their ICO. You have the option not to participate if you don't want to comply the KYC.

habaratbu

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Activity: 174

Merit: 10

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Quote from: cryptopusa on March 08, 2018, 07:53:33 PM

That is surely a scam,100% scam im sure because no ICO should ask those imporant and critical bank statements,if they have gotten your IDs plus your banking statement they can pretend to be you,so they can cashout your fiat money thru banks,transfering all of your money without you knowing it,stay away from these ICOs because you can still buy these coins when they have got listed into exchanges.

I agreed it could be use to fraudulent activities,stealing people's identity to get their banking assets compromised,worst people than bitconnect founders,we should always think tha posibilities of being scammed,do not rush things ask the community if the project is legit do not let anyone get your identity as well as your private keys,stay vigillant and alert because most of the people here will try to steal your assets.

cryptopusa

member

Activity: 224

Merit: 11

That is surely a scam,100% scam im sure because no ICO should ask those imporant and critical bank statements,if they have gotten your IDs plus your banking statement they can pretend to be you,so they can cashout your fiat money thru banks,transfering all of your money without you knowing it,stay away from these ICOs because you can still buy these coins when they have got listed into exchanges.

cryptodevs

member

Activity: 182

Merit: 11

Only noobs will send their passports and banking statements because these people can use it for frauds,they can easily pretend to be you and ask for loans and cash transfer thru banks,idiot people they shouldnt be doing things that too obvious ,scammer are everywhere that is why we need to protect ourselves with these people,stay safe.

cryptoatomic

member

Activity: 168

Merit: 12

This is insane,do not let anyone to get your personal informations you can give your water and electric bill but do not give your banking statement because it might be used to frauds especially when these people know your ID and your bankign statements.I wont be too sure about these projects because it is suspicious to ask that critical informations.

Topic: Monthly income and Bank account statement for a KYC - page 2. (Read 631 times)