Sending in fake ID for KYC - page 3.

bct_ail

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Quote from: CoinThinker on September 23, 2020, 12:38:27 AM

I hate KYC , sometimes there is no other way if you want to join to some ICO ,

I hate it too and it gives me a strange feeling even If I provide a reliable exchange with my KYC data. But KYC for an ICO is a straight no from me.

Quote from: CoinThinker on September 23, 2020, 12:38:27 AM

Buying KYC is stupid because the person who sold you that could contact the project and say someone has hacked my account and he/she provide the dos again and make the account his/her .

That would be very clever but do you think that someone is selling his ID? That would be very stupid but I would not rule out that. Usually KYC is being sold in bunches in the darknet.

landoffaucets

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Quote from: iTradeChips on September 23, 2020, 01:40:14 AM

Many legit businesses in the payments industry are adding the KYC feature as a way of authenticating the people who use their service. You can think of it as a security measure which can assure the company they are dealing with real people with no ill motives whatsoever. Well that is my interpretation of the KYC in legit businesses. If a scam asks for a KYC, then and only then i would give a fake id.

And why would you give a scam fake documents? Why would you spend a time with a scam?

For me KYC process should be managed by reputable third party companies and not individually by private companies. The good example is Fortmatic.

iTradeChips

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Leading Crypto Sports Betting & Casino Platform

Many legit businesses in the payments industry are adding the KYC feature as a way of authenticating the people who use their service. You can think of it as a security measure which can assure the company they are dealing with real people with no ill motives whatsoever. Well that is my interpretation of the KYC in legit businesses. If a scam asks for a KYC, then and only then i would give a fake id.

CoinThinker

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Only the best is The be best...

I hate KYC , sometimes there is no other way if you want to join to some ICO , Buying KYC is stupid because the person who sold you that could contact the project and say someone has hacked my account and he/she provide the dos again and make the account his/her .

forexandcryptoauditor

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From my point of view, it's not about regulations its about doing formality of having KYC in place. By doing so, they don't need to be stringent to verify each identity. Also, data can be sold to other companies where KYC third parties are involved and make money out of it.
In short words, not the project nor KYC authority cares if data is accurate or not. Its just numbers for them.

Pompa

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In sending a fake Id in kyc are expecting difficulties on the procedure at the moment of processing their desire work's. It can be invalid a certain matter or expect a detection in your personal information.

UniversityCoin

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Quote from: [email protected] on September 20, 2020, 09:22:08 AM

Quote from: UniversityCoin on September 20, 2020, 09:07:41 AM

Then I also participated only in bounty campaigns where the KYC was not required. But then the developers decided to request it from the participants. I felt sorry for my work and had to send my documents to get the reward.

some did ask for KYC after the campaign was over. but I will not provide any document even if it is a fake document. unless the project is already on the market and trading. that's an exception because what we're going to get already has a value. so we can calculate the feasibility of the documents we provide for a payment that we will receive.

It turns out that if you have worked for several months. Then the rules changed and you were required to pass the KYC. You refused to do this. You won't get paid then.

[email protected]

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Quote from: UniversityCoin on September 20, 2020, 09:07:41 AM

Then I also participated only in bounty campaigns where the KYC was not required. But then the developers decided to request it from the participants. I felt sorry for my work and had to send my documents to get the reward.

some did ask for KYC after the campaign was over. but I will not provide any document even if it is a fake document. unless the project is already on the market and trading. that's an exception because what we're going to get already has a value. so we can calculate the feasibility of the documents we provide for a payment that we will receive.

UniversityCoin

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Quote from: ?? on ??

Quote from: UniversityCoin on September 19, 2020, 04:59:09 PM

Quote from: iTradeChips on September 16, 2020, 09:29:15 PM

There is one project where my friend sent his real ID so that he can be paid his bounty. I told him not to send a real ID but it is too late. So far nobody is knocking on his door because of charges of identity theft or something similar, but it is still an experience that one should remember not to do it again. There are many templates of i.d.'s on torrent that can be downloaded and be used for the KYC's. Of course, do not use it for real world identification, you will go to prison if you do that and got caught.

I also sent my documents to a project a few years ago and was very worried that my documents could be used by fraudsters for their own purposes. However, now I'm a little calm because a lot of time has passed.

Some people don't participate in any campaign where KYC is mandatory. As far as I know, most of them send fake KYC to any projects for KYC verification. I think we shouldn't send real KYC information to scam projects, which information only deserves legit project. Because scam projects could sell our KYC information. Some of them also do that. They don't trust all projects.

Then I also participated only in bounty campaigns where the KYC was not required. But then the developers decided to request it from the participants. I felt sorry for my work and had to send my documents to get the reward.

samputin

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Quote from: Vishnu.Reang on September 20, 2020, 07:13:06 AM

Quote from: coin-investor on September 16, 2020, 08:09:10 PM

[snip]

Not always true. I have seen projects based in countries where KYC is not mandatory, asking for such information. And I have even seen cases where the project team members are staying anonymous and they still ask KYC information from the investors. Anyway, whether it is for good purposes or not, I am not comfortable in sharing my KYC information. Too many instances have come to light, where the KYC information of investors were used for criminal purposes such as identity theft.

Indeed, it's better to be safe than sorry. Even we say that new project had atram showing their true identity, you still cannot guarantee that your personal info are safe with them. At the end of the day, they are just a new. Thus, less afraid of doing shady stuff because they don't yet have reputation needed to protect. So be careful guys! Do you yhink risking your info in excahege of few sh*tcoin is worth it? Nah, I don't think so.

KYC is a good precautionary measure, I'm not against with it. What I'm only worrying is the team you are dealing with. Think twice.

Vishnu.Reang

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Quote from: coin-investor on September 16, 2020, 08:09:10 PM

Good projects ask for KYC because they are compliant to regulations I have no problem with that, as long as they show transparency when it comes to KYC you cannot escape it even if you don't want to because it's part of the compliant to the government and exchange operation to check accounts to have a good standing.

Not always true. I have seen projects based in countries where KYC is not mandatory, asking for such information. And I have even seen cases where the project team members are staying anonymous and they still ask KYC information from the investors. Anyway, whether it is for good purposes or not, I am not comfortable in sharing my KYC information. Too many instances have come to light, where the KYC information of investors were used for criminal purposes such as identity theft.

Banulit

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Quote from: abbywem on February 18, 2018, 06:27:16 PM

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.

NOT FAIR.

For some instances I think its better to look at the positive side of this method of giving a photoshop ID's especially for your safety and security as well knowing that they are some project/bounty campaigns whose looking for KYC process but after doing the process it turns out to be a failed or a scammed project like what mostly of the bounty hunters experience and also myself when I joined clipx bounty. I think for me its just giving us assurance that our identity safetiness and security as still strong and in good condition when we gave a photoshop ID for KYC processes.

Radio-Active

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YOUC - https://www.youengine.io/

Everyone can fabricating fake identity documents, but it still can be detected by the authorized party.
Handling KYC documents should be given to government of the country, so they can detect the fake one.

UniversityCoin

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Quote from: iTradeChips on September 16, 2020, 09:29:15 PM

There is one project where my friend sent his real ID so that he can be paid his bounty. I told him not to send a real ID but it is too late. So far nobody is knocking on his door because of charges of identity theft or something similar, but it is still an experience that one should remember not to do it again. There are many templates of i.d.'s on torrent that can be downloaded and be used for the KYC's. Of course, do not use it for real world identification, you will go to prison if you do that and got caught.

I also sent my documents to a project a few years ago and was very worried that my documents could be used by fraudsters for their own purposes. However, now I'm a little calm because a lot of time has passed.

bjmpoker001

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I don't think they will be able to verify the identity unless they pay service from the country where the ID issued.
They should using the service, so they can validate the identity on submitted ID for KYC.
If they using the service from each countries, then they will know if the ID is fake or real.

Alamin9884

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It’s not right to give fake id for KYC. I do KYC only when i see that the project is good. At the present time , many bad people come up with fake projects and ask as to do KYC. As a result, all our information goes to them and they can blackmail us later with these information . Wel all need to be wary of these fake projects.

Fivestar4everMVP

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Yeah, truely unfair, but still, maybe this exchanges aren't reputatable or they are to lazy to verify and make sure that KYC documents sent in by member are real and not faked.

I know some exchangers that it's very difficult to send fake KYC documents to cus always verify and make sure every single information on your documents tally with those on your bank account, if by any chance they discover a slight difference from what you have on your bank details, they will disapprove and ask you to check for mistakes and resubmit.

Leonard2016

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If they are using a burst checking system like Jomio that coinlist uses it, it would be very difficult to pass it with a fake id since it asks you a lot of documents and a live face picture , but some of the systems seem crackable .

iTradeChips

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Quote from: btc-facebook on September 16, 2020, 07:53:33 PM

Quote from: preikaler on September 16, 2020, 03:33:35 PM

if by sending a fake ID you can pass KYC of course the company doesn't do the identification carefully and they only collect everyone's documents, for that I think many times to submit ID to a new project, because they could scam and sell our ID

Things like that are not just projects, sometimes exchanges also have a low level of KYC checking,
projects or exchanges like this should be avoided because they are dangerous to our identity,
my advice is better choose a good project that does not need to do KYC, or use a well-known exchange that has a high security system and good and strict KYC checks.

There is a company that their product I previously use. It is called coins.ph and it is a payment company but also at the same time a bitcoin and ethereum exchange. You can change your fiat currency and convert it to bitcoins and use that to send bitcoins to other wallets. It is approved by the Central Bank of our country and like all the other payment apps that are approved by the government, it requires a person to send a picture holding his ID and also his ID as well. Now this one since it is approved by the government to operate, then you will know the KYC is a legit one and it will secure your information. All others in crypto, I seriously doubt.

iTradeChips

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There is one project where my friend sent his real ID so that he can be paid his bounty. I told him not to send a real ID but it is too late. So far nobody is knocking on his door because of charges of identity theft or something similar, but it is still an experience that one should remember not to do it again. There are many templates of i.d.'s on torrent that can be downloaded and be used for the KYC's. Of course, do not use it for real world identification, you will go to prison if you do that and got caught.

Topic: Sending in fake ID for KYC - page 3. (Read 89379 times)