Topic: Sending in fake ID for KYC - page 6. (Read 89364 times)
I prefer not doing KYC at all instead of using fake identity, someone has that fake picture you used, it's like putting him or her at risk for saving your own ass, that's not something a good person should do
Crypto and KYC are contradictory, how do we transact on the platform anonymously but on other side we must reveal our personal identity to people we don't know, this is a unique problem, we cant fight this because company need to make sure we are real or fake with KYC procedure.
Or if you dont want world know you, you can send fake ID but its not recomended, i think they are not check it deeply, thousands of KYC form in their desk daily.
Or if you dont want world know you, you can send fake ID but its not recomended, i think they are not check it deeply, thousands of KYC form in their desk daily.
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.
NOT FAIR.
it has becomes a standard in the industry that people must undergo KYC and this information was not communicated to them early enough, Midway, they get such emails or even from telegram groups and having limited time to fulfill that obligation and they know that it is a strict policy, then they improvise in order not to loose their investments or award they resort to those funny practises.
Many projects and exchanges are required by law to provide kyc of their customer but there are people who don't feel comfortable with it. We don't know what third party will do with your personal data so everyone should be more careful with kyc in my opinion.
Using of fake ID's is illegal but we are in the crypto world. I doubt if the project team would file cases to those who might be caught coz that would take a lot of time filing cases.
It is really scary to do KYC coz Identity theft nowadays are getting norm.
I saw some new exchanges offering a couple of dollars inexchange of your identification so beware don't fall for it!
It is really scary to do KYC coz Identity theft nowadays are getting norm.
I saw some new exchanges offering a couple of dollars inexchange of your identification so beware don't fall for it!
After reading the topic, I made the following conclusions. We shouldn't send fake documents, as we are breaking the law in this way. But the KYC check itself is also illegal, as it violates the basic principle of the crypto space - anonymity. But as a result, both things still happen.
You might be breaking tha law but unless the harmed party opens a case, falsification of documents doesn't also mean automatic prosecution. At least not in all jurisdictions. I think the worst case scenario is that the exchange ceases to offer services to the perpetrator. Perhaps if the false documents were also combined to an individual trying to defraud the exchange or service itself, then a case is more likely to be opened. But otherwise I don't see a realistic way that the "illegal" part could be that serious. Exchanges get fake KYC all the time. They only care about it once they're told about it because they can't "knowingly" accept it. But even then, all they do is close the account for trading. These users that had fake KYC might try all over again.
After reading the topic, I made the following conclusions. We shouldn't send fake documents, as we are breaking the law in this way. But the KYC check itself is also illegal, as it violates the basic principle of the crypto space - anonymity. But as a result, both things still happen.
Perhaps, the golden middle would be - if you're personally against giving out your personal info then find an anonymous service.This way you won't break the law, and crypto services are not legal anyway no matter which one you'll use.
I think that this is the constant dilemma of every individual in the crypto world. I can see that many are evidently bothered when a project suddenly requires KYC, and I share the same sentiments. In this generation where identity theft is rampant it is not impossible that data privacy law to be violated. So we must be really vigilant with the projects that we are getting into.
After reading the topic, I made the following conclusions. We shouldn't send fake documents, as we are breaking the law in this way. But the KYC check itself is also illegal, as it violates the basic principle of the crypto space - anonymity. But as a result, both things still happen.
I understand why some people might submit fake documents for a KYC verification process but considering the current ways KYC's are done now, it will be very difficult for people to use fake documents as before. Do you think KYC is really needed in a decentralized ecosystem like the crypto space ? But people say there is nothing like anonymity in this world we find ourselves.
There are way too many crooks in Crypto unfortunately, scammers, hackers and thieves. They will try everything and anything to steal what they can from others as if it is their birthright to do it and I am really sick of it happening. I am also scared that when I fill my KYC in my identity is being stolen and sold to some of these gangs. You just never know what and who to trust nowadays in this rickety world. Unfortunately most nasty elements in Crypto don't get caught so they just can carry on with their scams and do whatever they like. My name and stuff was faked a lot to collect bounties even on this forum using my name and my work. They are rampant even on BTCTALK.
After reading the topic, I made the following conclusions. We shouldn't send fake documents, as we are breaking the law in this way. But the KYC check itself is also illegal, as it violates the basic principle of the crypto space - anonymity. But as a result, both things still happen.
Yea, exactly like that. KYC is not necessary in this market because it violates the rules of cryptocurrency, but once projects require KYC, we must comply with their regulations and should send accurate information. 
I am also worried about sending personal information online. Fearing that my identity will be used illegally also. But I have joined one bounty campaign that requires KYC and I have no choice but to send them else my stakes would be forfeited. I don't why this KYC thing had become a requirement for most projects. Just against the essence of crypto.
After reading the topic, I made the following conclusions. We shouldn't send fake documents, as we are breaking the law in this way. But the KYC check itself is also illegal, as it violates the basic principle of the crypto space - anonymity. But as a result, both things still happen.
Then a live KYC method will be a good alternative. There are already a lot of companies and exchange that is using this method for eliminating fake KYC and many have succeeded. In live KYC users need to use their camera to make a short video by using their device's camera with different instructions for every user. I think it will be very hard to fake live video.
Yes, I agree with your idea, but this can still be manipulated because the technology is now sophisticated but at least the country doing this scammers will have difficulty, maybe only 1 or 3 scammers can pass KYC directly
It's actually not a good act, sending the information of someone else in carrying out a KYC obligation. It's better for one to avoid the project or bounty, than trying to cheat the system by offering an innocent person as a sacrifice. The same fear faith that you don't want to befall you, should not be directed to someone else.
Even if the KYC process is managed by a specialized company doesn't necessarily mean that everything is done professional and that no errors happen.
I participated in an ICO once and after "winning" an allocation i had to do KYC immediately and fast because it was selling out quickly.
They asked for a picture of my ID for verification and because i didn't have one on my PC at hand i just uploaded a picture of a car or something and i still passed the KYC without problems
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I participated in an ICO once and after "winning" an allocation i had to do KYC immediately and fast because it was selling out quickly.
They asked for a picture of my ID for verification and because i didn't have one on my PC at hand i just uploaded a picture of a car or something and i still passed the KYC without problems
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By sending documents, we put ourselves at risk. I am also worried about this act. Where are my documents now? I don't think I will do that anymore. Well at least on the stock exchanges.
Those who refuses to pass KYC or sends fake KYC, what are you more afraid of? Being disclosed or afraid of your personal data being used by third party?
For those who prefer to stay in shadow - skip anything that asks to pass KYC, do not use ID, dont frame other person.
For others - try using complicated watermarks on your documents. That will save them from being used by others.
If creating a fake ID you can replace the image of the person in ID with that of an image created by an AI software. This will not be causing trouble for anyone and you will be able to do your work, the problem is that theis kind of stuff is illegal in many countries and is also unetheical as considered by many. The simplest solution to this problem would be to just abandon that project and go to next one, there will be a lot of projects that won't require you to do KYC and just have the fair share of rewards that they are offering. For those who prefer to stay in shadow - skip anything that asks to pass KYC, do not use ID, dont frame other person.
For others - try using complicated watermarks on your documents. That will save them from being used by others.
I am not talking about verification in crypto world. What I mean is that once your KYC Data are in the hand of fraudsters, they can buy goods in your name. They can open a bank account for money laundering. All that illegal stuff what will be accomplished in your name then. So will your stolen ID Data marked for the future?
That is what worries those who do KYC carelessly their ID data will be sold on the black market and of course it will be easy to access all the credits we have and hackers have a way to do this so it needs to be considered if you want to act with your KYC.
Those who refuses to pass KYC or sends fake KYC, what are you more afraid of? Being disclosed or afraid of your personal data being used by third party?
For those who prefer to stay in shadow - skip anything that asks to pass KYC, do not use ID, dont frame other person.
For others - try using complicated watermarks on your documents. That will save them from being used by others.
For those who prefer to stay in shadow - skip anything that asks to pass KYC, do not use ID, dont frame other person.
For others - try using complicated watermarks on your documents. That will save them from being used by others.
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