Payment for KYC registration | Bitcointalksearch.org

Zadicar

legendary

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Quote from: magneto on April 19, 2019, 05:41:22 PM

If you are comfortable with providing your personal information to a third party, then I don't see why not.

But if you're solely going for the airdrop rewards then I certainly don't think it's worth it. Personally, I'd see my privacy as worth much more than just an airdrop, especially when it comes to financials as they can now trace back transactions done by you to your name.

It's an offer that blockchain.com has put out there, and it's up to you to accept it. No one is forcing you to do it.

For $25 then even just on our common sense it wont really be worth it and yes no one is being enforced to comply or sent out KYC to them.

Its a choice but not a necessary thing to be done.Even coinbase do have it where they do give out $50 worth of XLM to USA verified users.Just wondering why XLM is the common coin being given?

magneto

hero member

Activity: 1666

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If you are comfortable with providing your personal information to a third party, then I don't see why not.

But if you're solely going for the airdrop rewards then I certainly don't think it's worth it. Personally, I'd see my privacy as worth much more than just an airdrop, especially when it comes to financials as they can now trace back transactions done by you to your name.

It's an offer that blockchain.com has put out there, and it's up to you to accept it. No one is forcing you to do it.

greeklogos

full member

Activity: 658

Merit: 152

Quote from: joniboini on March 27, 2019, 04:16:28 AM

Quote from: greeklogos on March 26, 2019, 08:13:19 AM

I just ignore this invitation for registration. They may promise me whatever, but the risk of using of my private info in a wrong way stays high and I do not wish to let it happen.

Unfortunately there are always people who give can give anything for money. A lot of people in my country is still now aware of the danger of giving away private/individual information to someone over the internet. In fact, they love Facebook so much.

The government is making sheeps from all of us. It's already known that we all can be seen and tracked. As many others I have nothing special to hide, but I do not wish that one day it will come a letter when it's written that I have 1 mln $ deb in a bank or something like that. I saw many times on TV how people fight with wrong use of their private info and that's just sick, coz it's very hard to prove that it's not you done something, but your info was used.

joniboini

legendary

Activity: 2170

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Quote from: greeklogos on March 26, 2019, 08:13:19 AM

I just ignore this invitation for registration. They may promise me whatever, but the risk of using of my private info in a wrong way stays high and I do not wish to let it happen.

Unfortunately there are always people who give can give anything for money. A lot of people in my country is still now aware of the danger of giving away private/individual information to someone over the internet. In fact, they love Facebook so much.

greeklogos

full member

Activity: 658

Merit: 152

I just ignore this invitation for registration. They may promise me whatever, but the risk of using of my private info in a wrong way stays high and I do not wish to let it happen.

elda34b

sr. member

Activity: 910

Merit: 351

Quote from: sheenshane on March 23, 2019, 11:16:13 AM

We can't blame them, they used that KYC/AML verification for having probably a reason. Is just because of the giveaways of a stellar lumen and it might protecting the airdrop of steller lumen project from possible abusers.
Well, that is our call if we can exchange our identity to $25 from airdrop then, it's up to you.

Electrum wallet is the safest way among them all, see it here. https://electrum.org/

I hope in the future we can have a 'KYC' with has only. If we have the same data (not only digital data but real data) the hash would always be the same. But the drawback of this is that they can steal the hash easily (even though they might not able to access the real data directly).

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: sheenshane on March 23, 2019, 11:16:13 AM

We can't blame them, they used that KYC/AML verification for having probably a reason. Is just because of the giveaways of a stellar lumen and it might protecting the airdrop of steller lumen project from possible abusers.

I think abuse of the giveaway is the lowest on the list of reasons they do this.

It's more an attempt to gain more verified users hoping that you will become a paid user. If you think logically, most of their users only use their service without actually paying for anything. It means that blockchain doesn't earn anything, but actually has to pay up for you to use them. This is a convenient way to work around it, and it's non stressful for people because all they have in mind is their free money.

People here are so easy to fall victim to smart marketing of services looking to increase their income. It's understandable that they do this from a business perspective, but less understandable when it comes to people exchanging their information for a few coffees worth of money. Undecided

sheenshane

legendary

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We can't blame them, they used that KYC/AML verification for having probably a reason. Is just because of the giveaways of a stellar lumen and it might protecting the airdrop of steller lumen project from possible abusers.
Well, that is our call if we can exchange our identity to $25 from airdrop then, it's up to you.

Electrum wallet is the safest way among them all, see it here. https://electrum.org/

bL4nkcode

copper member

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Limited in number. Limitless in potential.

Quote from: jhenfelipe on March 22, 2019, 10:36:11 AM

Quote from: bL4nkcode on March 21, 2019, 09:13:33 PM

When did you received that email? AFAIR they did that months ago.

Yes they did. Idk if they stopped that giveaway for a moment, but what's sure is that the giveaway is (still) open now. I mentioned above that I do have an account in blockchain.com and surprisingly, I got the invitation earlier today. I can confirm that it's the same $25 XLM giveaway

Yeah, I just received that mail yesterday's afternoon on one my emails.

Quote from: Taki on March 22, 2019, 02:32:54 PM

Everything you said is correct. I also was thinking that they offer too small payment to hook anyone on their KYC system. I think such information doesn't even need to be measured.

Whether it's too small or not, still, I will never do that. They don't have any services that requires KYC rather than this giveaway, so why should I? Simple.

I wonder if how many personal information they did collected from those people who doesn't care their privacy.

boyptc

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When I accessed to my blockchain.com wallet, they are highlighting the KYC thing at the top.

@OP, you just have to ignore that if you don't have any plans of sending them your ID. It's just an airdrop that has been running until now.

Taki

hero member

Activity: 1078

Merit: 514

Quote from: o_e_l_e_o on March 21, 2019, 10:35:28 PM

Honestly? How is this even a question? $25 for your documents and you are seriously considering it? Would you sell your identity to a stranger on the street for $25? How is that any different to selling it to a strange online?

The amount of damage a stolen identity can cause is massive. We are talking thousands upon thousands of dollars of debt, the same again in fees, years of trying to get it resolved, a completely shot credit rating, even a criminal record. And you will risk all that for $25? It never ceases to amaze me how little people care about their privacy and security, especially when a tiny amount of money is involved.

Everything you said is correct. I also was thinking that they offer too small payment to hook anyone on their KYC system. I think such information doesn't even need to be measured. [

Quote from: bL4nkcode on March 21, 2019, 09:13:33 PM

When did you received that email? AFAIR they did that months ago.

Maybe the case is old. I just didn't open my wallet for months.

jhenfelipe

hero member

Activity: 1372

Merit: 647

Quote from: bL4nkcode on March 21, 2019, 09:13:33 PM

When did you received that email? AFAIR they did that months ago.

Yes they did. Idk if they stopped that giveaway for a moment, but what's sure is that the giveaway is (still) open now. I mentioned above that I do have an account in blockchain.com and surprisingly, I got the invitation earlier today. I can confirm that it's the same $25 XLM giveaway

Lanatsa

hero member

Activity: 2968

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Quote from: o_e_l_e_o on March 21, 2019, 10:35:28 PM

Honestly? How is this even a question? $25 for your documents and you are seriously considering it? Would you sell your identity to a stranger on the street for $25? How is that any different to selling it to a strange online?

The amount of damage a stolen identity can cause is massive. We are talking thousands upon thousands of dollars of debt, the same again in fees, years of trying to get it resolved, a completely shot credit rating, even a criminal record. And you will risk all that for $25? It never ceases to amaze me how little people care about their privacy and security, especially when a tiny amount of money is involved.

For most people, they wont really tend to sell out their identity for $25 but there are really some dumb people who do risk out without even caring their info to be given
randomly as long they do able to recieve some few bucks for that one.

o_e_l_e_o

legendary

Activity: 2268

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Honestly? How is this even a question? $25 for your documents and you are seriously considering it? Would you sell your identity to a stranger on the street for $25? How is that any different to selling it to a strange online?

The amount of damage a stolen identity can cause is massive. We are talking thousands upon thousands of dollars of debt, the same again in fees, years of trying to get it resolved, a completely shot credit rating, even a criminal record. And you will risk all that for $25? It never ceases to amaze me how little people care about their privacy and security, especially when a tiny amount of money is involved.

bL4nkcode

copper member

Activity: 2142

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Limited in number. Limitless in potential.

I'll go for a KYC procedure to those services that will be used related to exchanging fiat or any other service that needs a legal policy. But for an online wallet? and doing just for exchanging 25 bucks? No, nevermind.

When did you received that email? AFAIR they did that months ago. If they are still doing that, I guess they're just desperate to collect more personal data. I wonder this company will open another crypto service as for marketing related.

jhenfelipe

hero member

Activity: 1372

Merit: 647

You're against KYC, but I guess you have been swayed a little knowing that you can be paid for that.

It's up to you, but personally, I won't do it. I'd rather not get the giveaway and continue using the site without KYC. Tbh, I have an account there and never had even a single transaction. I'd prefer using a desktop wallet that's why.

I won't question the KYC because I understand that they require it to avoid abuse in the giveaway, that seems to be the only way (correct me if I'm wrong).

leowonderful

legendary

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Bitcoin FTW!

Nobody would use Blockchain's wallets anymore if they started requiring KYC to use them as they're not secure at all in the first place and don't have any significant advantages over other wallets besides the fact that their wallets are accessible remotely from most devices. I don't see it getting to that point in the near future but that would absolutely ruin that part of Blockchain's operations, though I did previously theorize that this giveaway requiring KYC might be a step towards them requiring KYC for all users.

carlfebz2

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Quote from: OmegaStarScream on March 21, 2019, 01:59:49 PM

I think you're referring to the Stellar lumens they're giving away. If that's not the case and they are simply asking you for ID then it should be a red flag (could be a fake email too)

Blockchain.com is an online wallet, so regardless of their offer, It's not really suggested to use them. I would go with something like Electrum If I were you.

Definitely connected with stellar lumens giveaway which do ask about KYC yet this is the thing i do know that blockchain.com ask about such requirements yet into their traditional operation they havent ask
out yet for you to comply on using up their wallet.

examplens

legendary

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I find this giveaway on blockchain.com when I logged in, I think one-month before receive the first email from there. I'm 100% sure that is official Stellar airdrop worth $25.
Everyone can claim this when login, no need to click on any link in the email.
I agree with leowonderful that they asking KYC because of prevention of multiple registration and claim.

leowonderful

legendary

Activity: 1624

Merit: 1130

Bitcoin FTW!

Blockchain states they're asking for KYC in this airdrop of XLM because they're concerned that people might register multiple accounts in an attempt to get lots of XLM (which seems like a valid concern to me, click for explanation), but I would personally not risk having my information potentially leaked and stolen on the Internet for just $25. Blockchain might not be telling the entire story as to why they're asking for KYC as well. Really up to you in the end, varies on a person-to-person basis I guess.

stompix

legendary

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Quote from: Taki on March 21, 2019, 01:36:15 PM

Do you guys think it is nice strategy of the wallet or i should simply ignore it and continue to use it without identifying?

Both of them as one doesn't contradict the others.

They are giving away tokens that can be printed endlessly and they receive back your true identity which might be worth x100 times more for future marketing, it's clearly a good move from their part.

As for you, it comes to how much you value those documents and how much trust you put into blockchain.info
By their TS it will give a $25 airdrop, is it worth the risk? It's solely your decision, but I wouldn't do it if it were only for those tokens.

Slow death

legendary

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Quote from: Taki on March 21, 2019, 01:36:15 PM

Hello!
I am an old user of Blockchain.info wallet and I seemed myself as a person who is against KYC system. Recently I've got an invitation to register on Blockchain.info KYC system and to be paid for that. Do you guys think it is nice strategy of the wallet or i should simply ignore it and continue to use it without identifying?
Thanks!

definitely those guys from blockchain.com are acting very badly. I do not even understand why the hell they're asking people to do KYC. Are they a wallet and what do wallets have with KYC? Am I missing something?

Quote from: AB de Royse777 on March 21, 2019, 02:12:43 PM

I also received several emails in the past which was fake emails. The graphic and presentation was same like blockchain.com but the email was from some random email address.

Sometimes spammers/scammers try their things. So careful about it. Check the sender email address.

but this comes from the real site of blockchain.com

gantez

full member

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But I already think that it is a red flag when a website ask you make payment and upload KYC. I don't get the idea as they are requesting for payment. You need to be careful, KYC is not to be paid for. Again, it can be used to hack your account as they may not be genuine.

AB de Royse777

legendary

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Quote from: Taki on March 21, 2019, 01:36:15 PM

Hello!
I am an old user of Blockchain.info wallet and I seemed myself as a person who is against KYC system. Recently I've got an invitation to register on Blockchain.info KYC system and to be paid for that. Do you guys think it is nice strategy of the wallet or i should simply ignore it and continue to use it without identifying?
Thanks!

I also received several emails in the past which was fake emails. The graphic and presentation was same like blockchain.com but the email was from some random email address.

Sometimes spammers/scammers try their things. So careful about it. Check the sender email address.

OmegaStarScream

staff

Activity: 3500

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I think you're referring to the Stellar lumens they're giving away. If that's not the case and they are simply asking you for ID then it should be a red flag (could be a fake email too)

Blockchain.com is an online wallet, so regardless of their offer, It's not really suggested to use them. I would go with something like Electrum If I were you.

Taki

hero member

Activity: 1078

Merit: 514

Hello!
I am an old user of Blockchain.info wallet and I seemed myself as a person who is against KYC system. Recently I've got an invitation to register on Blockchain.info KYC system and to be paid for that. Do you guys think it is nice strategy of the wallet or i should simply ignore it and continue to use it without identifying?
Thanks!

Topic: Payment for KYC registration (Read 593 times)