It's essential to treat KYC seriously, as large exchanges often require data validation similar to opening a bank account. Making a fake KYC can have serious consequences and won't provide any resolution when it comes to important matters.
However, I do acknowledge that there are instances of abuse with KYC. It's important to be selective and cautious before sharing personal data. Some may request KYC unnecessarily, perhaps to avoid obligations or even for bounties.
By the way, I recently stumbled upon a website at https://fakeyourdrank.com/state/maryland-fake-id. Normally, I'm completely against using fake IDs or certificates. But, I found myself in a situation where having a fake ID helped me. It was a unique circumstance, and I don't endorse or encourage such actions, but life can throw unexpected challenges our way.
Topic: Sending in fake ID for KYC (Read 89364 times)
If fake KYC is only done to join the airdrop then it's okay. but if fake KYC to secure your assets on binance or some other big exchange then it will be a disaster, because someday they will find it and your account will be frozen
I don't think anyone would do a fake kyc for an exchange, because by far the exchange is an important part of cryptocurrency investment. Fake KYC may apply to some platforms which always offer promotions on kyc terms but not on exchange platforms.
Although until now I still do not agree to provide identity information to anyone other than exchange, it cannot be denied that it is a measure to anticipate misuse by irresponsible people.
but if a large exchange is likely to be treated almost the same as when we create an account at a bank, data will certainly be required for validation. If you make a fake KYC, it's clear that there will be an impact. If we really need clarification on an important matter, then there will be no resolution.
but there are still many abuses that occur with kyc, for that you really need to be selective before providing data. because there may be those who really ask for KYC for things that really aren't necessary, even just to avoid obligations that have to be done, especially when paying bounties.
I just was brought up to speed on groups of people sending in fake/Photoshopped ID's by scanning public records to defeat the KYC process and it seemingly is very easy to do. It appears that many people sent in fake documentation to the Bob's and Polymath KYC and had no hassles. How do these companies verify people if all they have to go on is public information? Did they even really check the ID's or were they simply collected the data? How rampant do you think this is? How many of us are complete fools for turning in our documents when others simply faked it. Now they have our data and the people who faked it are still secure.
The initial post from this thread is from 2018 and therefore almost 5 years old. So i doubt that this it is still so easy to just upload some picture of an ID that you find on the internet and a matching document in order to get verified on exchanges or other sites. I personally would not fake my data in order to do a KYC on an exchange where i plan to do trades or something like that because i would be afraid that i would do some kind of update to my KYC before i could withdraw the money from the exchange to my bank account if i wanted to do that in the future. I did KYC for 2 exchanges i think and also for one or two ICO#s that i joined a few years ago.
For an airdrop or something i could also imagine to fake a KYC, because if it fails, it won't matter that much anyway.
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If fake KYC is only done to join the airdrop then it's okay. but if fake KYC to secure your assets on binance or some other big exchange then it will be a disaster, because someday they will find it and your account will be frozen
I don't think anyone would do a fake kyc for an exchange, because by far the exchange is an important part of cryptocurrency investment. Fake KYC may apply to some platforms which always offer promotions on kyc terms but not on exchange platforms.
Although until now I still do not agree to provide identity information to anyone other than exchange, it cannot be denied that it is a measure to anticipate misuse by irresponsible people.
If fake KYC is only done to join the airdrop then it's okay. but if fake KYC to secure your assets on binance or some other big exchange then it will be a disaster, because someday they will find it and your account will be frozen
I have always used my honest KYC for buying on crypto exchanges. Personally, it’s more about the security concerns I have and not wanting to lose my money.
I like to play by the rules with ID so I don’t mind the lack of anonymity. On the other hand, I have to say KYC goes against many of the early arguments I heard for getting into crypto in the first place.
When I started really falling in love with bitcoin one of the things I liked was the lack of government oversight. It appealed to me that we could have a system outside of traditional regulations.
I suppose it was only a matter of time that we all just started accepting that oversight was an evitable outcome but it does have an extra layer of security that makes me feel my portfolio is secure.
I like to play by the rules with ID so I don’t mind the lack of anonymity. On the other hand, I have to say KYC goes against many of the early arguments I heard for getting into crypto in the first place.
When I started really falling in love with bitcoin one of the things I liked was the lack of government oversight. It appealed to me that we could have a system outside of traditional regulations.
I suppose it was only a matter of time that we all just started accepting that oversight was an evitable outcome but it does have an extra layer of security that makes me feel my portfolio is secure.
I'm aware of ethical issues around faking ID for KYC but here's my argument
What if you live in a country that every centralized platforms,not only the exchanges, do not accept customers from?
I'm surprised that no one seeing one of the most obvious purposes of bitcoin being dismissed specially for the people who need it the most. People are getting scammed daily from fake fake id providers here, we must atleast talk and keep an open mind about this problem.
In case of exchanges, well there are some decentralized alternatives which doesn't need KYC but when it comes to De-fi/Ce-fi protocols and services that preach "debank yourself" and "financial freedom" this is madness imo. I can't trust a shady protocol with only hundreds of liquidity providers with my money. For using more legit services faking your identity seems like the only option.
I just wanna let every one know most people who fake their ID do it because they have no other choice and they know how risky it is. They buy phone numbers and all of that only to be able to find a way to survive against their countries failing currency.
What if you live in a country that every centralized platforms,not only the exchanges, do not accept customers from?
I'm surprised that no one seeing one of the most obvious purposes of bitcoin being dismissed specially for the people who need it the most. People are getting scammed daily from fake fake id providers here, we must atleast talk and keep an open mind about this problem.
In case of exchanges, well there are some decentralized alternatives which doesn't need KYC but when it comes to De-fi/Ce-fi protocols and services that preach "debank yourself" and "financial freedom" this is madness imo. I can't trust a shady protocol with only hundreds of liquidity providers with my money. For using more legit services faking your identity seems like the only option.
I just wanna let every one know most people who fake their ID do it because they have no other choice and they know how risky it is. They buy phone numbers and all of that only to be able to find a way to survive against their countries failing currency.
Bitcoin would be convenient for people who don't have a credit card or don't want to use the cards they have, either don't want the spouse to see it on the bill or don't trust giving their number to "porn guys", or afraid of recurring billing.
In this matter, you need to proceed from who and why requests KYC. If the exchange does this, then it is certainly better to send them your identification data, because in the future we have the possibility that we will lose access to our cryptocurrency. If this is from the project team in relation to bounty campaign participants, then here I do not see there is nothing wrong with sending them fake KYC. The fact is that the team of the new project does not have the right to generally require KYC from participants in bounty campaigns. Back in 2000, the FATF established that KYC can only be carried out for the purpose of preventing money laundering and combating the financing of terrorism. In this case, the transaction amount must be more than one thousand euros. These are the only KYC rules so far and do not apply to bounty campaign participants.
What kind of fake KYC you are talking about? ID with your photo, but with corrected name, surname and other data? Or to use someone else ID to pass bounty KYC? Dont you think about karma, because with can frame someone by using their ID?
If bounty states that participant will have pass KYC, then it will be better to skip it, if they ask to pass KYC at the end of campaign, then they are shady and skip them. I try to stick to such rules. In case I feel like project is promising, reward is significant, I try to pass KYC with old, expired my documents or add watermark to a document, to prevent it from future shady usage.
In this matter, you need to proceed from who and why requests KYC. If the exchange does this, then it is certainly better to send them your identification data, because in the future we have the possibility that we will lose access to our cryptocurrency. If this is from the project team in relation to bounty campaign participants, then here I do not see there is nothing wrong with sending them fake KYC. The fact is that the team of the new project does not have the right to generally require KYC from participants in bounty campaigns. Back in 2000, the FATF established that KYC can only be carried out for the purpose of preventing money laundering and combating the financing of terrorism. In this case, the transaction amount must be more than one thousand euros. These are the only KYC rules so far and do not apply to bounty campaign participants.
It's not advisable to use a fake identity for KYC, I have done something like this before and at one time when the platform got updated I was asked to update my KYC information again, but I couldn't because I have lost access to the identity information I once used in the past, it's safer to use yours or stay away from KYC.
My cousin use the same fake I'd card for many exchanges and it was acceptedHe used these for even Binance kyc and got verified. I advice him not to do because it's very risky and if team find that then they will freeze all fund. Mostly Users use this for airdrops because of greed.
It's not advisable to use a fake identity for KYC, I have done something like this before and at one time when the platform got updated I was asked to update my KYC information again, but I couldn't because I have lost access to the identity information I once used in the past, it's safer to use yours or stay away from KYC.
Better to use real id, even though we can use fake id but if one day there is a problem then we will have difficulty recovering accounts and assets, most exchanges will lock the account that uses fake accounts, but if you have done KYC with fake account then don't ever Store too long, it's better to use for short -term trading (no more than a month).
what is paramount here, is the level of safety of information and control over ones details and information. KYC is important but not to the detriment of someone details been expose and no sense of privacy. sending of fake ID in some case can cause the investor to loose some fund, after verification fail to authenticate the investor. know the policies of any investment before releasing your identification. so to say is not just any investment one should invest in, though sometimes the returns can be tempting. one should just be careful before dropping ones information on any site
Sending fake ID for KYC is a very illegal action, one can be reported to the authorities because of this.
If you are a bounty hunter who required to send ID for KYC, better to not submit anything at all and find other campaigns instead using fake ID to submit KYC. Submitting ID for KYC won't ensure that the project will pay us at the end.
Years ago and so far I have not found a bounty of its conditions to submit KYC to claim tokens, but if there is a legit bounty that asks for KYC, I don't see a problem with that since each of us has an ID card, whoever resorts to submitting a fake ID is definitely not honest and has multiple accounts to cheat in the bounty or He has evil desires, so we must provide valid documents to the bounty or the Exchange platform that asks for it without resorting to illegal ways.If you are a bounty hunter who required to send ID for KYC, better to not submit anything at all and find other campaigns instead using fake ID to submit KYC. Submitting ID for KYC won't ensure that the project will pay us at the end.
I remember one token called Polymath, they have airdropped their coin to limited people and they required them to submit KYC including me. I don't know what they did to my identity but it was legit and I got 200 tokens worth more than 200 dollars when I sold it. I have experienced legit bounties way back and they did not need any KYC to received, but most of those projects failed and I do not know the reasons, one token had reached a total value of 1500 USD and it was the best token I have received just for doing simple task.
Sending fake ID for KYC is a very illegal action, one can be reported to the authorities because of this.
If you are a bounty hunter who required to send ID for KYC, better to not submit anything at all and find other campaigns instead using fake ID to submit KYC. Submitting ID for KYC won't ensure that the project will pay us at the end.
Years ago and so far I have not found a bounty of its conditions to submit KYC to claim tokens, but if there is a legit bounty that asks for KYC, I don't see a problem with that since each of us has an ID card, whoever resorts to submitting a fake ID is definitely not honest and has multiple accounts to cheat in the bounty or He has evil desires, so we must provide valid documents to the bounty or the Exchange platform that asks for it without resorting to illegal ways. If you are a bounty hunter who required to send ID for KYC, better to not submit anything at all and find other campaigns instead using fake ID to submit KYC. Submitting ID for KYC won't ensure that the project will pay us at the end.
I am in shook. I always send my real ID's for KYC. I am afraid now hope nothing happens or no one will use my ID's for any bad act. But How do I go about the fake ID for the KYC? Any Idea?
Having someone else use your ID seems almost identical to the "double spending" problem that Bitcoin faced (and solved).Do you supposed a blockchain solution could be implemented to solve this problem?
I read an article about that one dude sent a photo of his dog to confirm the documents. And they were approved. I unfortunately did not remember what kind of project it was. But the confirmation was received in 15 minutes. However, this can not be avoided, so as not to encounter such fraud, you just need not to submit your documents anywhere. But sometimes I really want to.
Maybe he was registering for a DOGecoin? 
that has always been my concern to always be careful in submitting personal data to any site. I've seen this fraud many times, I think it's because the KYC process is done automatically via bots, so even with photoshop they can make it work. Unless the process is done manually, or on a more trusted website in the world, like binance, or some other exchange they will definitely prevent that from happening. I believe in their exchange, will not abuse the data we use, because that's always research before doing KYC.
reputable exchanges will not abuse our personall data to another party. only hacking case that usually happen , users data downloaded and sell to someone else which is could be dangerous effect when our data abused. in deep web there are alot personaldata selling and even in telegram group its provided too. 
Did they even really check the ID's or were they simply collected the data?
Yes most of this companies do proper verification of companies owners and KYC verification. When it comes to smart contract and this audit companies verification they don't just use ID sent by the team to make verification but they also go as far as asking for public verification from their government and other recognize institution which they match the record they got from those institution and bodies with the ones provided by them, and when they are correct and passed they will approve it.
Where I see users cheat this KYC process is when it's comes to exchange verification and bounty verification process they just go to the internet download an I'd card and edit it add their picture on it and submit since government do not give those bodies permission to access their data's they can not actually know when document is right or wrong and most of the time bot are in charge of the verification process.
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