Topic: What does KYC gives you ? - page 23. (Read 26241 times)
The question is really interesting, because I am also a supporter of anonymity in the network and in investing, because I just don’t understand why I need to go through the KYC procedure is the need of only developers, so I think that it is dangerous for investors.
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'm really looking forward to the moment when I finally get the opportunity to participate in the bounty without any obstacles. For me, KYC is a barrier and I am waiting for complete freedom to participate in the bounty without it
KYC gimme the opportunities. Currently its hard to trade on most of exchange w/o a verification. Binance is still rocking, but if u are daily trader, 2 BTC limit will hurt u soon.
What does a KYC give me? This gives me the opportunity to participate in a good, in my opinion, project. And only in this way can I get there. Practically all successful ICO projects carry out KYC, and they will continue to do so in order to avoid fraud and problems for themselves.
Personally I don't like the idea of submitting my data online cos most companies tends to use it negatively to the initial purpose it was requested for so I stay clear of any project to requires KYC. I think most project requires KYC as a means to curb multiple entries but so far that hasn't been achieved
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 more required day by day, it's ok but it depends on WHO is requiring it. So choose carefully the projects where to be involved.
KYC is relevant for two things, firstly the project needs to be able to prove that people taking part are legitimate and not using the project to launder illegal money. Secondly by providing KYC details for bounties, the project manager is trying to ensure that there are not multiple accounts being used by one person to obtain an unfairly large share of the bounties. Use a simple document that is not of much use outside of your country and don't forget unless you are already wealthy there is little point or value in a thief trying to clone your identity.
And you support it? What does KYC gives you? The topic of this discussion is. But what about the main ideas of the blockchain? Freedom and independence, anonymity. Why people go to this step, ready to give their data to the unknown person, supposedly for protection against multi counts, this is a mistake. 
It gives me opportunity to receive tokens, because it is a requirement and I have to follow this rule.
For founders it is also a requirement to be listed on major exchanges.
For founders it is also a requirement to be listed on major exchanges.
KYC is relevant for two things, firstly the project needs to be able to prove that people taking part are legitimate and not using the project to launder illegal money. Secondly by providing KYC details for bounties, the project manager is trying to ensure that there are not multiple accounts being used by one person to obtain an unfairly large share of the bounties. Use a simple document that is not of much use outside of your country and don't forget unless you are already wealthy there is little point or value in a thief trying to clone your identity.
Soon all the projects will be with KYC so there is nothing to worry about the main thing that they pay what we earn
KYC gives your data to 3rd parties to leak or sell
https://en.wikipedia.org/wiki/List_of_data_breaches
Once you KYC, the banks or exchanges have to hope they don't get hacked and your information is stolen.
https://en.wikipedia.org/wiki/List_of_data_breaches
Once you KYC, the banks or exchanges have to hope they don't get hacked and your information is stolen.
KYC testing brings only one problem to bounty hunters, and the problems are very serious. Even if we are trying to pass this KYC test anywhere, it is sometimes very difficult to do this technically. The proposed forms sometimes do not want to receive information, in general, it’s time to fill it all out and it will be accepted. It would be nice if there was some kind of standard form of such a check, otherwise each ICO team comes up with its own and sometimes it’s not at all clear what they want. And they want in most cases so that we do not pass such a test and therefore they can not pay the tokens earned by us.
In general, these KYC checks are illegal for participants in the ICO generosity campaign, because they are not investors in these ICO projects.
In general, these KYC checks are illegal for participants in the ICO generosity campaign, because they are not investors in these ICO projects.
There are good bounty programs where KYC is a must. So cut off a large number of scams. Although now it is not so difficult to buy scans of documents for this procedure. The approximate price of one set is $ 8. For many it will not be a big amount.
The role of KYC is important, it helps us to fish out the scammers, and it will benefit both the project and the bounty hunters.
I think to be careful to do KYC in airdrop but if for bounty and ICO investment I think it's fine. negative things from doing KYC at this time I haven't seen anything negative from KYC so there's no need to worry
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 think KYC is a means for the developers to avoid multiple accounts on bounty Hunters. Aside from the data that we disclose to them, there is no other that they want from us. So it would be cool to follow their rules with regards to their bounty.
You can't do without kyc in bounty campaign presently, if you still want to be hunting for bounty you should get use to kyc, i haven't done any bounty campaign without kyc this year.
if investors have to pass the KYC, then let the team to pass kyc also, coz many teams can be just a scam. What do you think about?
I don't like it or want it around the coins. I just find the whole thing ridiculous and lame. İ am not joining airdrops and bounty campaigns which want Kyc. Because I don't trust a very new platform for share my credentials.
very risky indeed giving your personal data to others because it could be that your identity is used for things that can harm you. Therefore, it is best to avoid such things because like the saying "prevention is better than cure". better to follow other projects that do not mean KYC. I think there are still many good projects out there. nhbjm,m
Sending your persoınal documents always bad my friend. Surely if that project which you send these documents are legit ithink that will not cause any problem but if you are sending your important documents too all projects include scam ones that can be bad for you because bad people can do too many things with your passports or other infos.
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