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The issue of KYC verification this days on any ico one wants to buy is pronouncing. My question is, is KYC really necessary before one can purchase a particular project Ico? Because our documents were mend to be keep confidential and not to expose it to public, and the new rules is not KYC not Ico.
I hope our documents will not be use for impersonation of any criminal activities?
Please I need advice
Thanks 

Nobody can guarantee you anything and will not. I always use only a passport for traveling abroad, when I provide information.

If ICO is regulated by government then yes in all other cases no. Why would you join ICO's which are enforcing KYC? Wait for ICO to end and buy cheap tokens on etherdelta.

As far as I know, not all ISOs are required to pass the KYC, but I think soon all the ICO are obliged to require investors to pass KYC. As for the confidentiality of information, as always there are no guarantees.

You wrong, KYC is a weird stuff for that teams who is too lazy to observe all the bounty recruits. Lot's of people are against KYC and I don't think that KYC have any bright future.

Yes it's right. There are still few ICO projects that no need to do KYC when you wanna join but in the future all ICO projects will require KYC if anyone wanna join their project cause the US government has some strict rule with cryptocurrency and ICO project that why almost ICO projects don't accept investors come from US and they need to require KYC to make sure that their investors don't come from US.

You can always have the choice if you would follow their rules or not regarding on KYC. If you are eager on joining as an investor then you will follow but if your hesitant then you can pass or simply dont invest. Documents are meant to be private and sharing it out would really put us on hesitation because of the possible misuse of our document which would really give problems and hassle to us.
KYC is already gradually implemented by ICO specially to those who have been regulated.

This is the way that the world is going. It was only a matter of time as I don't believe the governments and banks want to see up making money if they cannot regulate it. In the end I believe KYC is a method to thwart money laundering and tax evasion. You can opt not to participate by not being in ICOs.

I will tell you what nobody wants to and that is there is next to no point in having KYC for ICOs. It is essentially a hackers wet dream to have that much personal information all in one area and that is exactly what is happening here. It seems useless to me other than helping out hackers, and we are not in the game of doing that!

We do really have our own free will on such situations either we join up or not.It is not actually the solution or the method to thwart money laundering or any other issues attached to it Problems cant really be solved but they do make alibis on making it as a requirement.They are being controlled too which means they will follow on what has been ordered and if you do invest you will comply those things.

I really find KYC annoying as it exposes our private details to more hackers! I'm one of those against KYC's especially if you need to provide IDs before you can participate on an ICO. I am not sure how are they going to protect our personal details once they are hacked. I don't really like the new ICO regulations these days but I can't do something about it since they are the one setting the rules which we need to comply if we want to join their ICOs.

Almost everywhere need to do KYC now. little bit annoying. why we need to send our personal documents? What  is the general point?

In an article I read, the purpose of using KYC is very good. because it can at least prevent fraud or crime. such as terrorism, money laundering and others.
KYC is required to meet Know Your Customer requirements from FinCEN. If you own or operate a money service or money transmitter bank, you must know the KYC.
FinCen is a Network of Financial Crimes Enforcement.

https://medium.com/@woodforklaw/what-is-kyc-b8fc42ea4df

If you do your own research about a Token Sales/ICO that is promising and have rigorous security protocols and procedures in place, then it should be relatively safe for you participate. Now days procedures are becoming more stringent it is not only that they ask for a passport scan, but also for a selfie of yourself holding your passport  :-\

Yes, it completely depends on the company we choose because many companies will store those things as confidential. Some companies are scamming the people may be those companies are not any more secure to our personal information.

Yeah some of the ICO's are requesting some KYC. Its also the rules for the bounty participants of an ICO to receive their payments is to fill up the KYC.
look at this link from the Gladius Network they are providing us like this inorder to claim our bounties.
https://gladius.io/bounty

I hope that our personalities would not go in public and like you've said not to be used in some impersonation.

I feel not to bounty, if for investor I strongly agree.
bounty hunter is having trouble with KYC, how he should make a passport while he will not go anywhere. very funny

yeah, i think kyc for bounty is not necessary since all they did was to promote the ICO.

KYC is really important i believe in order to avoid scam ICOs and start building up trust with the government because they think that ICOs and cryptocurrencies are being used for money laundering.

Same thoughts which I don't see the reason why those bounty participants do need to comply with that KYC since they are just earning those tokens because of promoting it.KYC documents isn't needed in my own opinion but yet I do see some project do really require this which would really be hassle just like what I saw happened to my friend which the project he joined in do require kyc before on getting those tokens earned on bounties.

The turn of events makes some things necessary and not important KYCs, white list to participate in ICOs makes those thing seems like a big deal. Its just a way to follow the trend and ensure that the funds generated from such project can be traced and the people behind such investments can also be found. But I wonder if someone with questionable funds will want to go through those stress. If he will just send a mail to the developers and tell them he wants to be an "angel" investor and that settles it.

I think that the passage of the KYC procedure is not safe, and it's better to pass by such projects. We just can not know who gets our data. While project developers can not guarantee the safety of our data, it's better not to participate in such ICO.

Kyc is important for companies. But side of the hunters , its seems to dangerous. Nobody doesnt want to give his information (pasaport,Id card). I hope all informations about ico keep safely.

Doesn't this means that crypto currency not anonymous anymore?
Since we'll get known when we purchase any kind of crypto currency that has the need to provide KYC.

That is necessary because these are rules and regulation made by the government where ICO is allowed, we can't do something about this but if you really want to purchase the coin better wait for it to get listed instead of undergoing a kyc which is through investing in ICO.

KYC-like methods would be useful for the relationship between the project and the investor. But many people said that there is no ico worth the risk of to give them all information for.

Well, most of them are like this, they simply don't need any information, tbh

But there are some ICOs that require KYC on early investor-only stages with like $10K minimum buy, or even those ICOs that are completely closed, requirements of those are quite clear and OK to follow I think.

P.S. nice nickname, lol

i think is used to stop scammers and money laundering

When transactions is already involving bulk buying or do have big amounts of purchasing then KYC would normally set-in specially if those ICO project do being required on following rules set by the government this is only for those projects included on the vicinity of those countries who do have such regulation. This really can stop money laundering and illegal acts when it comes to bigger transaction.

I also think that KYC is no need for bounty participants but there are some bounty campaign required KYC already and INS bounty campaign is an example. They said that it's the suggestion from their project lawyer. IMO I think KYC is only needed for ICO investors but bounty campaign is no needed. Or maybe they require KYC for bounty campaign to avoid multi account and bounty cheater

Although it's very annoying to do KYC in every single thing in crypto nowadays, I think it's good for the long run for the project to expand their operation internationally. As you can see many countries right now trying to regulate the market and coming up with different excuses every time, one of which is money laundry. I think this we'll see even more KYC verifications in exchanges and so on. :o

I do not understand almost everywhere need to do KYC now. a little bit disturbing. why do we need to send our personal documents?

Every project can make rules for bounty campaign individually. And of course any project can make KYC required. For me, it's not a really big deal, but I don't like how many projects change their bounty rules just before the end of campaign.

What I can say to kyc things is that it is just mere wast  of time. If such thing want to take place in crypto world they make it fast and better for people. People don't want to take part in any ICO with kyc again if they have experience difficulties before in any kyc  ICO. Let them put things in order with kyc issues.

This is a paradoxical situation in the crypto, and there are a lot of such. You can risk and give your data and earn, or you can remain anonymous and lose a lot of good projects.

In order to take part in Red Lanterns ICO you should register in RL wallet. For confirmation only your telephone number and email address is needed. KYC process may be demanded by banks while investing in Euros.
Using RL app you do not need to declare your identity. Moreover, for keeping incognito while video consultation Users are able to use mask filters.

In case of know your customer (KYC) I'll say yes to authentic project, companies that are regulated by government but big no to others

Personally, I am against the fact that ICO projects force investors to undergo KYC procedure, as there are no guarantees that your personal data will not fall into the hands of intruders.

I consider this procedure to be one of the most "soft" international control standards. The policy of identification of KYC clients is a kind of protective mechanism for both clients and accompanying business structures. It clearly structures the permissibility of the relevant financial transactions and protects both parties from possible legal problems in the future, as well as to ensure smooth and efficient development of the project. But of course you can not mindlessly understand personal data, giving personal information to untested hands. And if you have studied the project well and found no reason for distrust, so be sure until the end. Moreover, as long as the procedure KYC can not be replaced by something alternative.

It pretty much only has a negative impact on ICOs.  You are already trusting them with a good amount of money now they are also asking for your private info.

Which means they are asking too much, right? If all investors would not tend to join up to those ICO's who do have KYC requirements then most of them would fail but there are still some consideration into legit ones.It might be risky to give up personal information or documentation but its your choice if you do see if the project is worthy.If you dont like to expose your identity or information then we can just choose another one which doesnt have that KYC.

kyc be problem when need pasport to verify
but iam ok when they accept national identity, for some case they didnt accept national identity

i never do any travel or something that need pasport
also giving them information about our identity is quite risk
we dont know what they gonna do with our identity

i think project with kyc not have bright future

Most of the investors still want to hides their identity and during KYC still, they decided to provide a common identification card to avail the tokens........ But some cancel their transaction because they want still to be unknown and that's one small reason why ICO lost some of their customers....

an interesting question. I did not see during the test in any project where it was written that our data will not be transferred to third parties. therefore, I hope such data will not be used for any purpose by any project

Its quite common nowadays that even investors do really pass up fake identifications just for them to invest on such ICO. They do bought identities which is really worrying for those people who do own those things.
Its sold everywhere and that's the risk when we do pass up documents online.

That is precisely the huge risk that you will be facing, there are many scams around the Internet and now they are going to ask for your documentation, are you willing to give your documents to someone else hoping that they are not going to use that information in the wrong way? I know I won't I will not invest in any ico that requires that type of information out of me.

This is the manner that the globe is accomplishment. It was particular a point of continuance as I don't acquire the shape and trusts desire to construe up border chicamin whether they cannot regulate it.

I participated in two such projects, where you need KYC. Until now, I'm not sure if I did it right by sending KYC? Is this not going to be used for scammers purposes?

I've  experienced  KYC in some  of my bounties  take note I notice it after the bounty campaign and sad to say   I don't have  any of  the  documents needed in  KYC. Lesson Learned  now,before  I  join or participate bounty campaign  I'd always  double check  if  there's  a KYC requirement. It is really  huge  risk in giving  your Personal Info please  beware  in  submitting  legal  documents. I don't really get what's the purpose of KYC.

Nope, I also not support this kind of ICO's and putting our personal information on the unknown website is not safe for users. This can be used for any illegal things how can we trust them am I right?

But if we look at from ICO's side what they are doing it is right to find out multiple accounts they will ask KYC.

The US is not the whole world. In which country there is a high level of crime or the threat of terrorism, they will enter the KYC check. In many countries, as well as offshore zones, I think such verification will not be carried out. This is for investors. If we talk about the participants in the ICO signature campaign, then it is generally illegal to demand that we pass such a verification. We are not investors and do not meet the requirements of some governments referred to by ICO teams.

KYC verification will definitely make the particular bounty to follow strict Aml Policy it is good move to work with such ico projects

I think when you give your passport details, no one gives you any guarantees, no one requires you to do it. You decide on this step, and you must understand what risk you take. As we see the latest trends such that all projects require verification of the identity

I believe that our documents and can get somewhere in the wrong hands, perhaps for advertising. You didn't do anything wrong, so it's unlikely that anything terrible will happen

Documents will fall into the hands of scammers only if you are involved in dubious companies. Better analyze the projects and go only to those that cause confidence.

You should understand that you provide your documents to third parties at one's own risk. Nobody will give you a guarantee that the documents you provide will not be used for illegal purposes.

I think that we, as investors or participiants of the bounty companies will not be asked about the need or not  for a KYC procedure, as this is required by the law of the countries where ICO is conducted. Gradually, in my opinion, all future ICO will be obligated in the passage

Yeah, that's good idea rather than risking your personal identity we just wait the token got listed and buy it at cheaper price. Currently, mostly new ICOs got listed had been dumps in the 1st to 3rd months after listing. This is the reason why people will think twice before investing during ICO.

Kyc verification will add more value to project in terms of genuine holding of coin with all regulatory concerns

I can't ensure that our documents will not be use for impersonation of any criminal activities or not but if you invest in a scam ICO project that require KYC then your documents will be sold on dark market for sure. To avoid this problem I think you can choose to invest in ICO project doesn't require KYC or try to find out good ICO project to invest in to avoid this case.

I think the KYC when joining ICO project was required because the some gorverments has thr strict rule of crypto and they want to make sure that the investors do not come from China, US or some country which prohibit ICO.

I strongly feel that doing KYC checks is mandatory in order to avoid people enrolling from multiple accounts in a single campaign. You can easily identify them when you see too many people participating from the same family.
This forum has been bombarded with alts and scammers who would do practically anything to make easy income out of this forum.
Such KYC checks would ensure that those scammers are always identified.

I am not sure about the use of identification of ico participants. It seems to me that one of the main advantages of cryptocurrency is anonymity.

Kyci is necessary to prevent participation in countries where ICOs are prohibited. And it can also be a solution to prevent multiple participants.

This is also the contradiction, that anonymity and publicity in the detachment can not be combined in one meaning. The requirements will be tightened to ISO members to provide personal information.

Only send your Identity on a trusted ICO other wise you will not know where your information gonna land it could get to any malicious person. so you need to be careful when you sending it research first then trust yourself. if you're not 100% sure then don't do it.

Personally for me, KYC became a problem because, due to my inattention, I did not prosecute the KYC verification as required by the terms of the bounty campaign  and in the end I did not get my reward. So try ti be more attentive.

It is true that my friends are also worried about this KYC problem, hopefully our document will not be misused for fraudulent actions and other unfavorable activities even though we know also the purpose of this KYC to avoid someone to use their multi account to get multiple benefits.

Personally, I'm pleased to know that the project that I support worries about security and knows its followers. Some may be upset by the fact that it takes a precious time, but if u think well, u`ll realize that this only increases the investment safety class - it's worth it.

If ever they're going to use it to illegal purposes, that is going to become a massive breach. But some people said that KYC is a protection for the people who use multiple accounts in one bounty. But for me, I think KYC is a big disadvantage when it comes to our privacy and I think it only makes cryptocurrency centralized instead of decentralized. And also, KYC doesn't really affect the project but it can affect the people's perspective on a project.

I think the KYC verification of late in a bounty project does have to exist because for the security of our tokens also from people who are not responsible

 
Some of the ICO team and organizers ask for KYC . That seemed awkward in the beginning but now it is ery much common .
The KYC is just asked for the purpose of verification so that tey could be sure of the identity as real and not a "bot" . But that is also wrong at some point since the crypro currency was all about being anonymous as possible and KYC is not fulfilling that purpose.

If you are afraid of KYC on ICO because the problem of data misuse actually has other solution. Buy the ICO token after the ICO token goes to the exchange. To my knowledge, ICO tokens will decline even below the Crowdsale price. Of course, this would be a great advantage besides avoiding the KYC process.

that's the thing that makes me afraid if I submit my document to kyc. kyc system is very vulnerable to criminal acts that make losses to investors and everyone.

as we saw many times so many huge companies were hacked and even governments have been hacked by giving our information and publish them so no one can guarantee such a thing.

First we will pass an important document (Passport, ID) that has all your location information. This could lead to hacking informations about us and use it into some illegal purposes. I do really don't want to take KYC, but for bounty purposes this is really needed and required into some ICO's. I really don't know why do they need to require it in order to receive your stakes on bounty campaigns. I know that it is for investors identity verification only but even for them why do they need to fill up KYC? Why do they need to verify the investors identity? And KYC is still not a solution to prevent multiple participants on an ICO. What if they used their friends or relatives ID and information in order to passed KYC? Am I right?

You are just talking on KYC on bounty programs where it is also being implemented but we are mainly talking about KYC with investors itself. Reason would definitely most of the time that projects required this, is following procedures which they do need to comply specially when government is really requiring them to do so. KYC do really stop frauds and money laundering which is good but talking about effects when it comes to success then its not a sure thing that it would come to that anytime.

The important of kyc is to known your customers. However, the essences of it is to know where each customers comes from, also it give them the right to stop some customers that their country have laws against take part in cryptosystem to stop them from  participate in crypto. Besides, not all country accept crypto for now. My little advice is that they try and speed up the verification process of kyc. Thanks

i guess project is more legit with kyc verification and comply with regulations china and usa never allow their citizen to invest in ico so its a good to conduct kyc

You are pretty much spot on with your assumptions, it doesn't help the ICO much, and it really doesn't weed out scammers much. All it does is concentrate sensitive data in one spot so that hackers can hit the jackpot. I see no real reason for it other than being greedy and withholding bounties, in order to take more bounties for the team. That is what happened with TokenPay (scam), and a couple of other bounty projects I have seen around these forums.

This can be one of the reason why KYC is required in some ICO. Hopefully those information are safe with them and will be use in good things. Being anonymous in cryptoworld is dying now, and I think KYC will be the first requirements to own cryptocurrency in the future.