Topic: What does KYC gives you ? - page 16. (Read 26241 times)
I think kyc is good to some extent especially for want to keep the rules of some countries that prohibit their citizens from participating, this can help to restrict such country citizens but what i really don't like is asking bounty hunters or Airdropers to do kyc before distributing tokens to them,after they must have done series of task, and if they fail kyc, their efforts dashed away, what i think should also be done incases like this, is for them to ask bounty hunters to do kyc first before participating, if they pass they do the bounty not the other way round
depends, kyc is really giving away bits of ur personal info. if the project doesn't seem that legit in the first place + ur airdrop + bounty amt is not significant, might not be advisable to do so.
That is true, yhat would always depends. Their are different way of earnung and gainjng crypto that matters to the status of perseverance in achieving everything. In the crypro world their are many ways to earn and signifaicance in gaining. 
KYC simply mean "Know Your Client".
This is always a means of approving the authenticity of your clients. A means of sorting those who should be qualified to partake in the project.
But my mind about KYC is, I don't really like it. Though it has been introduced for our benefit but it has made project selection more difficult for me.
This is always a means of approving the authenticity of your clients. A means of sorting those who should be qualified to partake in the project.
But my mind about KYC is, I don't really like it. Though it has been introduced for our benefit but it has made project selection more difficult for me.
To be honest, to do KYC is your choice. You have a choice to pass your personal information or not if you think there's something wrong in the project. In other hand kyc is a step to eliminate fakes account but it should be told at the first day of the campaign to be fair to those who doesn't like to put their profile at risk.
Only perform a kyc to a projects that is good to be true in terms of promises, i mean analys the whole ICO projects first before to do, because some of the fake ICO wants some on other people information to perform a scam or evil job underground so be careful about that.
Hi.can someone tell me if KYC is ok ? what could be the effects of doing it especially in bounties/airdrops, they are requiring to pass KYC before joining
It's not about you though, kyc is done for the project as there's regulations about investor from certain countries and if they want to avoid trouble later they have to avoid people from that countries so they have to know where's the origin of their investor. For airdrop and bounty, they do that to prevent multiple account from getting the bounty or airdrop. I think KYC is a waste of time. There are people who buy all the data on the black market. Services for the sale of fake documents very much. It is necessary to modernize this process because at this time it has lost its relevance.
Quite right, but I do not understand why people agree even knowing that their documents can be sold? Maybe people also do not send their documents? Maybe then all that is now called KYC is really just a hoax?
To protect my data, I try to participate in bounty campaigns of well-known and highly paid bounty managers. If the company is ready to pay for the services of a Manager, my trust in it increases and I pass KYC with less caution. But you should always be careful and analyze the project before you send the documents.
It is better to go through KYC right away before joining the reward so that after calculating the bets you will not be denied and you will not lose everything you earn.
Hi.can someone tell me if KYC is ok ? what could be the effects of doing it especially in bounties/airdrops, they are requiring to pass KYC before joining
This is a reason and make me worries, they can sell our data so I am not interested in joining ICO or bounty that gives KYC conditions, and I think KYC is useless because since it was used at the beginning of the year it has made the market red until now.
Hi.can someone tell me if KYC is ok ? what could be the effects of doing it especially in bounties/airdrops, they are requiring to pass KYC before joining
This is a reason and make me worries, they can sell our data so I am not interested in joining ICO or bounty that gives KYC conditions, and I think KYC is useless because since it was used at the beginning of the year it has made the market red until now.
I think KYC is a waste of time. There are people who buy all the data on the black market. Services for the sale of fake documents very much. It is necessary to modernize this process because at this time it has lost its relevance.
Hi.can someone tell me if KYC is ok ? what could be the effects of doing it especially in bounties/airdrops, they are requiring to pass KYC before joining
Kyc is just giving me a confusion because sometimes, it is really hard to provide the requirements that they are asking for. They are sometimes asking for too much information that is invading our privacy. I guess, it is better if they will just remove kyc process.
KYC means Know your Customer to prevent MONEY LAUNDERING or such thing, for bounty purpose it is to prevent multiple accounts joining in one bounty,
In fact, KYC is a process that is created only for verifying wallets on different platforms. In any case, all these data will be processed and then deposited in the state structures is predictable.In any case, this all leads to the disclosure of your personality. This is bad anyway. If fraudsters do not get to your wallet, the state will do it. Maybe not today, but they will do it.
Hi.can someone tell me if KYC is ok ? what could be the effects of doing it especially in bounties/airdrops, they are requiring to pass KYC before joining
I am entirely opposed to the use of KYC. Passport data is too intimate and personal information and would not want to share it with someone. I do not like it as much as possible
I don't think it gives me anything other than my rewards that I will earn to my participated in the bounty campaign in their projects but still I use to follow their rules because it is the requirements of their ICO before participating to their campaign or in investing your money. And I think it is good enough to secure their projects that their will no cheaters or anything.
Hi.can someone tell me if KYC is ok ? what could be the effects of doing it especially in bounties/airdrops, they are requiring to pass KYC before joining
To be honest, anything good does not give me the KYC. On the contrary, it seems to me that this is some kind of deception and I just give my passport details. I'm not happy that many ICO consider KYC the norm
For the most part, this gives us an understanding that the company is going to work in the legal zone of the United States and other countries where the disclosure of investors is necessary, according to the laws.
Hi.can someone tell me if KYC is ok ? what could be the effects of doing it especially in bounties/airdrops, they are requiring to pass KYC before joining
it is not recommended to do KYC for scam projects. Only do it if you believe the project actually has potential.
I pass KYC only in places where I know that my data will be in secure. For example, you can pass KYC on exchange or in ICO where you want to invest. But of course I try not passing KYC
Jump to: