KYC is now widely used for ICO projects because it helps verify the identity of investors, which is very beneficial for ICO projects that want to grow over the long term.
For the most part, KYC was invented in order to avoid legal problems in the future. As some countries banned the cryptocurrency and the ICO can prosecute for what he gave the bitcoin to grajdanam such countries.
Topic: Why KYC is important? - page 4. (Read 3330 times)
In other to properly use a bitcoin exchange, you will need to complete a know your customer verification procedure.
This procedure contradicts all bases of technology a blockchain and the ideas about anonymity
This procedure contradicts all bases of technology a blockchain and the ideas about anonymity
Earlier, when the crypto-currencies did not have such a large audience, it could be said that the anonymity in the network was probably a very important advantage and it was very easy to make payments, but now, it becomes more difficult.
KYC is an abbreviation of "know your customer" which is very useful for some ICO projects or exchange sites. Because KYC serves to find out the customer's identity, monitor customer transaction activities. This can make it easier for some ICO projects to monitor their customers and ensure that their customers are not a bot.
i dont care about importance of kyc. as an investor kyc verification is includes a very high risk for me. i have witnessed so many times that passport details and personal informations were sold to other people in some platforms.
what platform dude can you tell me ?
I also know very well about the big risk of sending our personal data,this needs updating to be sure how our data is not sold as you are talking about
in my opinion, with the first kyc preventing fraud, money laundering because they want to get a lot of tokens, when the project ends its sales, if there is no kyc, they might make lots of accounts and they get lots of gifts.
i dont care about importance of kyc. as an investor kyc verification is includes a very high risk for me. i have witnessed so many times that passport details and personal informations were sold to other people in some platforms.
Actually KYC is a huge problem of all market of cryptocurrency. This procedure contradicts all bases of technology a blockchain and the ideas about anonymity.
To all this swindlers for data acquisition about holders of cryptocurrency use this procedure. And you do not know into what hands your documents will fall. Maybe already soon to you these swindlers home will come and will rebovat to give your money and your coins. It is very dangerous to you and your relatives.
Already there were even such cases when to holders of cryptocurrency came home and extorted to give keys from their purses.
To all this swindlers for data acquisition about holders of cryptocurrency use this procedure. And you do not know into what hands your documents will fall. Maybe already soon to you these swindlers home will come and will rebovat to give your money and your coins. It is very dangerous to you and your relatives.
Already there were even such cases when to holders of cryptocurrency came home and extorted to give keys from their purses.
good information, giving an explanation of the importance of KYC. it can bring many benefits if KYC is do on exchangers and bounty programs, such as reducing scammers and more. but there are some people who don't like KYC because it includes giving our personal information to someone else, but according to if our data is safe and not spread, in my opinion KYC is no problem.
KYC is important because companies love when they know the customers face, birthday etc. 
just joking. kyc is important of course. because in some countries you can not participate ico's.
just joking. kyc is important of course. because in some countries you can not participate ico's.
KYC is important for the projects as they are (most of them) required to comply with regulation and also some countries have banned their people from participating in ICO's so KYC process keeps those users away from investing in the project.
I see KYC as a must whenever I am aiming to invest on ICO projects, I mean, it actually helps the team to filtrate scammers or people that are not willing to make the progress grow, just by looking at their background, however, I think we should not be giving that kind of info to every single project that appears in front of us.
KYC I think it is important but only for exchanges, with that, we can avoid scams when we try to trade with our cryptos, but an ICO would not need to receive that information, because the only thing that should interest them is the amount of money they are receiving from investors.
KYC is important so the government can track you and tax you. When they have your name attached to your wallet it's checkmate. Your a tax slave! Keep filling gout those forms guys. Not only are you making yourself a target for scammers and identity thefts your also signing up to have the government in your back pocket. Your kids and grand kids as well. Your laying the foundation of enslaving them by making identification on the blockchain a standard.
I agree that some companies conduct KYC so that they do not have problems with the law. But it's better to avoid such companies, because I want to remain incognito.
I think KYC is an arbitrary measure that ICOs use to avoid anonymity to some extent, or at least that's what most of them claim to use to avoid scams, but they can also use it to sell your identity, at the end of the day you don't really know, so they can use that information, since many ICOs end up being false and would end up keeping your identity.
smart writing, because what I understand when filling in KYC is to improve accurate identity security and increase investor confidence from several registration processes in each participant as an investor and bounty participant for later verification.
KYC is now widely used for ICO projects because it helps verify the identity of investors, which is very beneficial for ICO projects that want to grow over the long term.
For the most part, KYC was invented in order to avoid legal problems in the future. As some countries banned the cryptocurrency and the ICO can prosecute for what he gave the bitcoin to grajdanam such countries. 
Much of the time, KYC is directed to counter illegal tax avoidance. Presently we are perceiving how contributing through token buy turns out to be more legitimate, as opposed in years. Presently, institutional financial specialists are demonstrating expanding enthusiasm for the crypto business and in such manner, crypto ventures need to direct the most straightforward ICO's to ensure themselves.
KYC is now widely used for ICO projects because it helps verify the identity of investors, which is very beneficial for ICO projects that want to grow over the long term.
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