Topic: What does KYC gives you ? - page 5. (Read 26228 times)
Let's be honest. Today, KYC is a process that no one needs. Everyone understands that this process only gives a threat to investors, so investors today use fake data through Photoshop, so what's the point?
KYC is a measure that bounty projects take away from unserious investors or reward hunters. It is a measure that prevents SPAM. In KYC, you have to give your personal data in order for the project to know who you are. I think it would be best for project members to offer a KYC to investors, so we will prevent most SCAM projects.
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
Thats okay they just want to make sure that theres no abuse happen during bounty execution and that only there security reason also at the same time. As a bounty hunter moat of the project required KYC is shows legitimate in the project . 
Especially nothing happened by doing KYC if bounty or ICOs isn't Scam project. Some Scam project sell this information for money that is the biggest problem.
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
For mew KYC is not ok, if you are comfortable giving your vital information and know that they are going to sell your vital information to the third party, then go ahead proceed at your own risk, just don't be surprised if you are only going to get a few cents in exchange for your vital information.
KYC has hardly brought us any benefit, as most KYC projects still do not have any tokens or off-the-shelf products that are already on the market. This means that even if we participate in the KYC project, we are not likely to be 100% profitable.
I agree with that, KYC is just another risk for us, since we are oblige to give our personal detail. I really don't understand why some really needs to push that KYC, when if it started trading in exchanges, one can buy it without KYC.
What's the use, I know it's government requirement, but government did not analyze that well?
KYC has hardly brought us any benefit, as most KYC projects still do not have any tokens or off-the-shelf products that are already on the market. This means that even if we participate in the KYC project, we are not likely to be 100% profitable.
I agree with that, KYC is just another risk for us, since we are oblige to give our personal detail. I really don't understand why some really needs to push that KYC, when if it started trading in exchanges, one can buy it without KYC.
What's the use, I know it's government requirement, but government did not analyze that well?
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
For mew KYC is not ok, if you are comfortable giving your vital information and know that they are going to sell your vital information to the third party, then go ahead proceed at your own risk, just don't be surprised if you are only going to get a few cents in exchange for your vital information.
For me, this procedure usually means a certain amount of time that I must additionally spend before performing a relatively simple action, which in other circumstances could take me a maximum of 5 minutes of my time. Thus, my attitude to this procedure - it's often an absolutely unnecessary thing that complicates the process.
we are still objective. I think for some countries it will be a little difficult to get past the Kyc. I have participated in a bounty which eventually required Kyc and when I uploaded some required documents, it was not approved and I was very disappointed. if indeed the token is not distributed to my wallet because we don't pass it, then I can only be sincere and say "it's not mine yet". I am very disappointed with the difficult Kyc.
KYC has hardly brought us any benefit, as most KYC projects still do not have any tokens or off-the-shelf products that are already on the market. This means that even if we participate in the KYC project, we are not likely to be 100% profitable.
I agree with that, KYC is just another risk for us, since we are oblige to give our personal detail. I really don't understand why some really needs to push that KYC, when if it started trading in exchanges, one can buy it without KYC.
What's the use, I know it's government requirement, but government did not analyze that well?
KYC has hardly brought us any benefit, as most KYC projects still do not have any tokens or off-the-shelf products that are already on the market. This means that even if we participate in the KYC project, we are not likely to be 100% profitable.
Even we participate in the KYC project it doesnt guarantees that project will succeed or profitable. Only one i can sure. The project with a KYC is always are the legit one to participate but it does not guarantees your earn. Atleast scammer had a hard time to claim bounty with this KYC. 
KYC has hardly brought us any benefit, as most KYC projects still do not have any tokens or off-the-shelf products that are already on the market. This means that even if we participate in the KYC project, we are not likely to be 100% profitable.
The main purpose is KYC is definitely had to prevent fraud and also protect the company
You don't to run a business/company where you had no data of people/investor that is in your company because that posses problems like if your investors had black market money, you would have run into problem too
How can a KYC check protect an ICO team? Someone even wondered what this team would do next with the confidential information collected, where and for how long to store it. Will she be responsible for leaking this information? Government agencies are responsible for the safety of this type of information. The ICO team is generally not responsible for anything and can do anything with it, even sell it to criminals.You don't to run a business/company where you had no data of people/investor that is in your company because that posses problems like if your investors had black market money, you would have run into problem too
So what does the KYC check give us, besides the headache?
Kyc means Know Your Customer
You need to provide photo id like your id card passport or driving licensr and addresd proof like any utility bill or bank statement.
To avoid money laundring activities most exchanges and icos ask for kyc. Always research a bit before your personal and confidential i formation.
You need to provide photo id like your id card passport or driving licensr and addresd proof like any utility bill or bank statement.
To avoid money laundring activities most exchanges and icos ask for kyc. Always research a bit before your personal and confidential i formation.
I've given KYC form to many places but I didn't have a problem. This is not to say 'KYC is reliable'.
You shouldn't fill out this form at all times and do detailed research beforehand.
You shouldn't fill out this form at all times and do detailed research beforehand.
Yes, KYC is good, it gives more knowledge like me, who is not really or not good in computer. KYC also is for the security reason so that are account are being protected. It also secure that you should have multiple accounts.
KYC verification does not guarantee anything. If the project is fraudulent, besides the investors' money, the fraudsters still have the opportunity to sell the identification data of those who flipped them to these scammers. Then do not be surprised if you continue to have problems with the police.Personally, I try not to join those ICO projects that require you to undergo a KYC test.
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
Most of the time, legit bounties need kyc to make sure that the participants not doing illegal thing and make them transparent in their identity. Some bounties already experience of abusing their project and that why they want a participant pass KYC. Another thing, it be also dengerous because kyc is revailling your personality and it can be used to scammed people so lets make sure also the bounties what we participated. 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
They just want to figure out if the participants are legit and not using many accounts. It is their way (I am against it) to determine their customers and bounty hunters are not customers why would they do that? It isn't even needed. But I guess KYC of bounty hunters might be used for some dark reason.
I've never joined a bounty or airdrop that uses KYC so I don't know what will happen if we provide data to people we don't know, because I avoid bounties as much as possible which requires participants to do KYC
Jump to: