Topic: VOTE! Do you participate in ICO that requires KYC (your personal data)? - page 7. (Read 1158 times)
March 11, 2018, 06:47:02 PM
I dont want to risk my privacy by sending my personal information and identification card just to get these tokens,because i can easily wait for these projects to get listed in some exchanges and wait for these bounty hunters and ICO hunters to dump those tokens and well i can easily bought it below the ICO price? isnt that easy? safe than sending your IDs that could be sold in the deepweb by these people?
March 11, 2018, 06:36:20 PM
No,because i dont want my personal informations be used to some criminal activities,these people can easily sold these informations in the deepweb and we wont know what will happen after our IDs were bought by those cindicates especially those fraudsters who will try to use our identities into some fraudulent attempts.
March 11, 2018, 06:28:43 PM
Not going to risk my identity to these people,because we wont know what will happen to in the future our IDs can be used to some criminal acitivities in the internet,it is better to wait for these projects to be listed in exchanges so that we wont risk our IDs and privacy,do not trust anyone online because it isnt worth the risk.
March 11, 2018, 06:17:43 PM
I dont think it will be good to participate these verifications because it would risk your identity and personal informations,you could just wait for the project to be listed in some exchanges,then wait those bounty hunters and investors to dump these coins so that you can get these coins below the ICO price and still your privacy wont be compromised.
March 11, 2018, 06:11:50 PM
No,i dont it is worth the risk,because it could be use to some activities online and i dont think you will be safe if most of the cindicates has your information for example thieves have bought your IDs in the darkweb,and they know your exact address,you could be targeted as they know you have money to invest with these ICOs,did you understand that risk now?
March 11, 2018, 06:02:43 PM
I dont usually join ICOs,but as far as i can see these KYC verifications isnt worth the risk the risk of getting yourself in trouble is higher than the benefits of this to yourself.Sometimes you need to do something that oppose your decisions,but in this case i dont se the point of having these verifications because you could just wait for these project to be listed in exchanges if you really want to get those coins.
March 11, 2018, 05:53:50 PM
If you do proper research before investing in something that requires a KYC you won't risk any identity fraud. The problem starts when you start giving out your passport left and right to every single ICO available without research into everything about the project.
About your last question, the reason that it's not smart to wait to get the tokens from the exchange is because the best ICOs, when publicly tradeable will start with a minimum x3 of the ICO price and you'll end up losing potential profits if you would have just invested during the ICO.
Why would you join an ICO which you wont hold for a long time? it isnt always for the money sometimes you need to wait few more months to see the difference when you are sold your tokens right after the coin has been listed to exchanges,i dont usually do that dumping when i see potentials to the project because the reason why i am joining these ICOs is to get those cheaper coins to maximize my profits in just few months of holding. About your last question, the reason that it's not smart to wait to get the tokens from the exchange is because the best ICOs, when publicly tradeable will start with a minimum x3 of the ICO price and you'll end up losing potential profits if you would have just invested during the ICO.
March 11, 2018, 05:42:01 PM
No,hell no because it could be use to some illegal activities,when our IDs were sold to the deepweb.I am just looking to the posibilities because security is the most important here in cryptocurrencies,IDs and personal informations should be protected too just like what private keys because it could be use to some fraudulent activities by these greedy people.
March 11, 2018, 05:37:27 PM
Voted no,if the ICO has been requiring to send my passport,i wont because it could be used into identity frauds and illegal actitivities,many of the cindicates are in the deepweb and it could be use against you,dont want to risk my privacy just for the opportunity that an ICO has to offer? why not buy these coins after they got listed in the exchange?
If you do proper research before investing in something that requires a KYC you won't risk any identity fraud. The problem starts when you start giving out your passport left and right to every single ICO available without research into everything about the project.
About your last question, the reason that it's not smart to wait to get the tokens from the exchange is because the best ICOs, when publicly tradeable will start with a minimum x3 of the ICO price and you'll end up losing potential profits if you would have just invested during the ICO.
March 11, 2018, 05:33:49 PM
The requirement to pass the KYC (know-your-customer) test from the ICO companies is really a big problem both for investors in ICO campaigns and start-ups.
Some people (contributors) don't like to leave personal information to start-ups. What about you?
Would you participate in ICO if you like the project but your personal info is required? Please vote.
This poll will help ICOs to decide what should they do with this issue: apply KYC/AML and get lower rate of contributors or don't apply and get more contributors.
Some people (contributors) don't like to leave personal information to start-ups. What about you?
Would you participate in ICO if you like the project but your personal info is required? Please vote.
This poll will help ICOs to decide what should they do with this issue: apply KYC/AML and get lower rate of contributors or don't apply and get more contributors.
it definitely discourages me from participating.
if an ICO requires your personal data, then it just means that there is more of a risk for your data to be stolen. Also since you know that other people will probably also not invest due to this, you'd think that the potential for the price to rise from ICO prices is lower.
But of course, if it's a good project, and you are willing to provide your ID, nobody says you can't participate either.
March 11, 2018, 05:27:44 PM
Hello no,this could be so risky because everthing can be different when our informations got into wrong hands,especially those people who will use informations to some illegal activities,or worst in fraudulent and scam activities and you will be just surprised you are in the news and you have a lot of criminal cases that you will face in the legal court.
March 11, 2018, 05:22:23 PM
Depends what ICO project it is. If it's worth it, I think we can verify our identity. Is ICO, where the first does not need verification, and after ICO the company of her please.
March 11, 2018, 05:21:39 PM
Not a very good idea since there are some cases that these KYC participants seen their IDs that has been sold in the deepweb,it could more dangerous and risky because these informations can be used to illegal activities and frauds ,because in the deepweb the worst people will use your informations to some crimes,do not let anyone to get your informations stay safe and alert.
March 11, 2018, 05:20:41 PM
many great projects require KYC. it's not a big deal. it's just their way to check people and their intentions. so if you don't have something to hide, just do what is required.
March 11, 2018, 05:20:00 PM
I think this is waiting for all projects. KYC will become an indispensable necessity for everyone and we are waiting for regulation by the government
March 11, 2018, 05:17:38 PM
No, I don't take this risk, and I avoid participating in such ICO projects asking for KYC. The main attractive feature of crypto currencies in general is that they are decentralized and anonymous, if we have to give out our data and ID documents I dont see a great difference between such projects and forex or trading fiat currencies.
March 11, 2018, 05:14:20 PM
Am not going to send my details with these people because it can be use to some identity fraud or scams and you might face a lot of problems in the future.IDs and other personal informations should be private so that our privacy wont be compromised,protect your informations just like protecting your private keys so that there wont be much problem in the future.
You can wait for these projects to be listed in the exchanges so that you wont need to send your IDs to get these coins.
You can wait for these projects to be listed in the exchanges so that you wont need to send your IDs to get these coins.
March 11, 2018, 05:10:47 PM
I really don't like to provide my personal data to someone - i think nobody doesn't. But much more i don't like to give information about my adress, this is more dangerous. Some projects want us to send the scan of info about registration address. I'm not sure what they are gonna do with this info.
March 11, 2018, 04:55:46 PM
Put me down for a no. It's simple common sense to not send your documents over the internet. There are bunches of stories right here on these boards of people having their identities stolen.
I would love to know the nationality of the people sending these in. I wonder if it is region specific or cultural. Over on my side doing a govt issues document over the internet is a big no no.
I would love to know the nationality of the people sending these in. I wonder if it is region specific or cultural. Over on my side doing a govt issues document over the internet is a big no no.
March 11, 2018, 04:53:40 PM
I also participate in projects that use the KYC system, but I do not agree with the KYC system. Because participation in a project does not require an accurate data system. Trading cryptocurrency passes the blockchain system to avoid fraud. So in my opinion, the KYC system is not very important, and can be eliminated.
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