What does KYC gives you ? - page 6. | Bitcointalksearch.org

senin

full member

Activity: 938

Merit: 137

Quote from: odranoel on December 21, 2018, 08:22:30 AM

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.

Jamalzzz

jr. member

Activity: 322

Merit: 1

To get a prize, you must be able to pass KYC and this is now used for Bounty and Airdrop. I think this use of KYC must be careful because we send personal data to other people, which of course we don't know.

moschinot

jr. member

Activity: 196

Merit: 1

This check allows us to be confident that our money will be safe and secure and fraudsters will not be able to participate in bounty campaigns from many accounts.

benjamin11

member

Activity: 406

Merit: 10

Actually KYC is an advantage for the part of the developer because they know what kind of investor and bounty hunters they are dealing with. They will know if the hunter is cheating on the campaign by joining multiple accounts but on the other side, its a little bit risky on the investors and hunters because you are giving away informations about yourself.

chuoinguyen227

full member

Activity: 169

Merit: 100

Vite

Quote from: yaaansi on May 13, 2018, 09:37:44 AM

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 seems that everyone is uncomfortable when a project requires passing KYC before joining or receiving rewards. This is more uncomfortable when KYC is pending 1-2 days or even a week. But this can prevent people who use multiple accounts to get more than the specified amount of rewards.

However, I still don't like projects that require KYC. Sad

itasannah

sr. member

Activity: 798

Merit: 251

So far, I have participated in several Bounty projects and there are projects that use KYC. And in my opinion, it's very good because it also gives me pretty good results. And when you join a Bounty project that uses KYC you should be careful and do research.

tomboi

sr. member

Activity: 728

Merit: 250

The project that applies cooperation with the KYC system, in my opinion, is not bad. However, it would be better if the project has a high value in the long term. So that the efforts in managing KYC with the results to be received from ICO are comparable and provide quite good benefits. If the acquisition value is lower, it is better to join the other ICO.

karagun125

member

Activity: 448

Merit: 10

We all know that kyc or ''know your customer'' is applied by a transactioner his identity that he can use so that he can be trusted and his transaction would be legit.

ansarose1

member

Activity: 784

Merit: 10

I think kyc is good in the part of the government only, and i think it is not necessary applicable on bounty campaigns and airdrop campaigns since their identity might be stolen.

faadhilah

jr. member

Activity: 350

Merit: 1

Indeed, there are now many projects that require PCs to complete personal data such as ID cards, sims or other supporting data, which are needed solely for the safety of the participants, as long as they are not complicated, I think we really need them.

sends1

jr. member

Activity: 756

Merit: 1

usually have to complete documents such as an identity card or visa and can also drive cards to reduce fraud if they occur and can also get free coins

wall101

member

Activity: 560

Merit: 10

Some of ICO projects need KYC for bounty also for knowing their participants who bought Token or Coins on their project.

suride212

member

Activity: 448

Merit: 10

At present, most ICO projects or gifts require us to be KYC as a legitimate condition, many are unhappy with the KYC system because there are many bad things that might be unwanted such as for crime. sometimes KYC is not always convincing and not in accordance with agreements or fraud, we work without compensation. I personally only hope in the coming year to make a new project better.

mitchr4

legendary

Activity: 2716

Merit: 1017

Join the world-leading crypto sportsbook NOW!

Quote from: yaaansi on May 13, 2018, 09:37:44 AM

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

Actually it is useless if you have to do KYC when you just want to join bounties/airdrops because your personal data will be sacrificed too. If you don't have a problem about that, it's okay.

puremage111

hero member

Activity: 1568

Merit: 511

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

canaveralnonie

full member

Activity: 518

Merit: 111

Dota2

This is the best thread about KYC and AML if you want to know more about it. There's a lot of quote msg there from high rank and different idea of course.

Kindly hit the link to know more : https://bitcointalksearch.org/topic/amlkyc-explained-454795

Commend is much welcome as a prize.

Zythiphill

jr. member

Activity: 308

Merit: 1

Free Crypto in Stake.com Telegram t.me/StakeCasino

Quote from: yaaansi on May 13, 2018, 09:37:44 AM

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

In airdrop never do kyc, with high probability your documents will get to other people and they will use them, and the bounty will be very careful

kaizerblitz

full member

Activity: 504

Merit: 105

It's your personal info or to identify if you are legit participant and know the if where you from and to be able gain more information to you but on participating on airdrops or something bounty is not more recommend to undergo KYC except if you are investor.

maxilopez

jr. member

Activity: 210

Merit: 1

you can simply transfer your personal information into the hands of fraudsters and they will use it for their own purposes

matteoricci

newbie

Activity: 52

Merit: 0

follow the advices of those who made comments. better be safe than sorry.

Topic: What does KYC gives you ? - page 6. (Read 26241 times)