Topic: What does KYC gives you ? - page 27. (Read 26241 times)
It allows me to know that the project DO care about the legality of running an ICO. If the project doesn't have a KYC I would predict it's a scam.
The main idea of KYC is to make the cryptoworld more transparent and reliable
Many project give you a chance to join only after you give them the information about yourself
And the information must be truthfull or you will be banned (and sometimes you couldn't join projects that are connected to the project which have banned you)
Many project give you a chance to join only after you give them the information about yourself
And the information must be truthfull or you will be banned (and sometimes you couldn't join projects that are connected to the project which have banned you)
KYC is a very useful thing. Firstly, if your coins are taken away from your personal cabinet, you can always prove that it is not tyu.vo second in such projects at the subconscious level you trust him !!! I am for confirming the identity in the worldwide Internet network !!
I think personally KYC can give a loss because KYC means you give your identity to ICO founder or given to bounty / airdrop I think it is very harmful because your identity can be used for things that are not good as for example your idnetitas on sale and your privacy uncovered and it would be very dangerous.
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 gives you a better support and guarantees the authenticity of your investment in the project. However, applying kyc means more to the project. Because they can diagnose and evaluate customer interest. Therefore, they will have more effective advertising and marketing campaigns.
KYC does give you anything, it just help you to pass the requirements of a project or whatever kind of thing you are doing. KYC means Know Your Customer so it helps the owner of the project to filter out and to verify if they are really getting real people as an investor because there is a lot of fake investors.
The KYC is real problem. I have some doubt about it. Some people you don't know, can use all innformation about you. ICO is not legal enough to trust it.
I think KYC can is to give your identity to ico founders and to others and in my opinion it is very dangerous because your privacy is known by others and could be your identity is sold therefore KYC actually many bad side rather than the positive side.
i think you can use water mark when you provide kyc details. then they cannot use those document for another thing. it safer than sending original documents .
KYC is important of the people and useful to some personal using. So don't share the KYC document. It your personal information. So don't share it. You generally don't want to do KYC for not believe the projects. Only do it if you believe the project actually has potential. Some people try to use your KYC document illegal way. So safe to use. So share the KYC if you trust it.
i think you can use water mark when you provide kyc details. then they cannot use those document for another thing. it safer than sending original documents .
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
on the one hand, it's okay because the company insures itself in this way from unnecessary payments to the same people. But on the other hand, our data can get nowhere and in whose hands. This is frightening, because such data is easily sold on the darknet 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 gives you a better support and guarantees the authenticity of your investment in the project. However, applying kyc means more to the project. Because they can diagnose and evaluate customer interest. Therefore, they will have more effective advertising and marketing campaigns. Most of new ICO's are asking for KYC, it's due to legal constraints involved to raise funds as per the origin countries law. I think it's OK to go with the KYC. Some missuses the personal info, we have to be careful about it.
Yes, some companies are miss using our profiles and selling data to other providers. Now, most of the reputable companies who have real developments are asking for KYC because they need to follow law firms in order to raise the money.
Not all ICO and airdrop are real, so take care of your own information and don't fill in KYC at random.
Most of new ICO's are asking for KYC, it's due to legal constraints involved to raise funds as per the origin countries law. I think it's OK to go with the KYC. Some missuses the personal info, we have to be careful about it.
What do u mean? KYC doesnt give me anything. It does takes mine for some reward. It's like I sell my info for some tokens that can be scam...
I am taking care of the safety in this virtual world and prefer not to share my data. It can be easily used for scamming that is annoying.
I can say that now many bounty campaigns and airdrops require participants to pass the KYC procedure. This is the usual procedure for identity verification, but I do not understand why this procedure is to be passed bounty hunter. And besides, there is no guarantee that your personal data will not fall into the wrong hands.
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
And what can the KYC test give to the member of the ICO generosity campaign? Such an uncommitted check can only take away our confidential information from us, and since at least half of the ICO projects are fraudulent, then our information can be subsequently used by other persons with an illegal purpose.Conducting such an audit for the participants of the ICO generosity campaign is illegal, since it can only be conducted against investors who invest their funds in these projects.
Kyc is very good to know your customer and it good to know if the money if not a laundry money. Became most people stole and invest it in other to save the Trace it
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