Bitcoin Forum

several bounty projects, are now beginning to implement KYC on the distribution of their tokens
when I send my identity card is this safe? could it be misused?

so far for verifying the distribution of your identity token will be safe and I'm sure it will not be misused

I think the bounty thread needs to resist KYC data.
Because no one knows what these KYC data are used for, I think it's a very dangerous thing to give our KYC data.

I am also very afraid of it, and I doubt it will be sending the KYC data but if I do not follow the rules I will not receive the token I already get in the spreadsheet.

It remains only to hope for honesty and decency of the project team that it was not a scam and that your data will not fall into the third hand. And so this is a very important procedure that will weed out bots and give you more money.

I don't like KYC verification actually, Its not ok if its bounty reward and they ask your id, I understand if you want to join private sale or pre sale, its forbidden in some countries to buy crypto, thats why they ask you, they don't want to break the law

Its not safe, how you know kyc service can be hacked and your id's will be stolen

I think the reason why they use KYC in token distribution is to prevent double account, and for now I see it all safe, at least we didnt give any private key

Agree with this we can't just give our KYC data directly to ICO website.  We are not sure if it is safe or not and also its a problem when someone can leak the datas. We can't just submit our data to every bounties and airdrops just to receive some tokens/coins.  From its name KYC(Know Your Customer) bounty hunters should not undergo this process because we are not their customers. If we look at it the ICO's are the customer of the bounty hunters because we work to advertise their project.

Each bounty program has different rules with KYC, some can use identity cards and some people use passports. Of course, we must think positively to those who run bounty programs. I'm sure they just want to know the identity of the investors who invest with them through KYC verification.

Is this for bounty or the one who participated in their ico? If it's for ico then i think it's fine because they want to avoid getting into trouble with the government. For bounty it's also fine to do it because there's people who join with multiple accounts and with kyc the number will be reduced. Kyc is fine as long as they only use your data to verify the distribution and not selling it to other people.

If you need to, don't. At least I wouldn't even think twice to enter bounty campaign that has KYC in it, not because I want to hdie or anything, but simply I don't trust these startups much, nor do I trust bounty managers to keep my IDs safe. I even don't trust banks and always duble question myself when giving IDs to anybody and you expect me to trust these startups? Firs thing first they can do an exit scam and take your ID and sell it on dark market, their server with database might get breached due to low security and other scenarios. I am jsut not comfortable with giving my IDs to anybody if I don't have to.

Its still not safe to just submit our KYC data to anybody. Those data can be use for fraud and also in other forums there are selling of KYC packs. A KYC must done by a KYC verified institutions and it will cost more to the ICO if all bounty hunters that participate their campaign will do KYC.

If you find potential in the project then the company will surely ask for KYC, to implement KYC into a website it requires a lot of funds. So for internal verification and audit purpose company owners will ask for KYC documents, but sometimes it is frustrating whether they will use it for scams.

I dont like it, and would like the team behind the iCO project to announce it before the bounty start. If there is a KYC and submission of documents, i dont even want to start doing it. I cant just share my documents with dozens of companies, i just dont know where it will end, and for what is it used int the end. I have done a few campaigns that asked for KYC after they have finished, and i didnt give my ID. So not announcing it before the start is kind of wasting bounty hunters time.

hopefully that's just the purpose I fear if my identity will be misused by dev after token distribution done

I'm also not sure KYC will be safe, if indeed dev does not intend badly against our identity. who can guarantee if our identity is hacked by others?

It is safe, I had joined bounty campaign twice that requires KYC. It is only part of their rules or maybe the company is based in US so it is required and don't you worry it is only a simple KYC procedure

Thank goodness that, I will learn from your experience. if indeed you've been following a bounty program with KYC and you feel safe, I would also believe that it's safe

The problem is that we've all heard about many projects being scam projects and people blaming developers and managers for scamming them and so on and so forth. Also currently there are regulations here and there and so these have led to the upsurge of KYC for bounty participants. At first these KYC things were for investors but they are integrating it into bounty campaigns as well. No project manager or developer wants to be held responsible for legal proceedings and hence they are trying to prevent that by taking that action so that in case there's any legal confrontation they'll be safe.
But I also believe that giving out our personal identification data to just anyone is not very good at all. Imagine the number of bounties you're in now and each one demands your identification data, very soon your data will be spread across the internet and one bad aspect is that we don't know who we're giving our data to. Some government officials can even intentionally create fake projects just to get the KYC details of cryptocommunity members because they think we're fraudulent people. So it's very dangerous giving out your data on the internet.

There is advantages and disadvantages for implementing the KYC. Advantages is to not scamming the profile of yours. You can hold strong identity that you own that profile.

Disadvantages of this KYC is someone tell that the other projects are using the profile in the blackmarket or other stuffs. This was dangerous for us.
So better to know about this project before you enter.

Since now there are a lot of scam projects on the ICO market, I think that it can be dangerous. It is not clear why we will draft our KYC data. This is suspicious in any case.

The thing is you have only two options while investing your money, either you submit the ID and then get verified share holder or else do not invest at all. The third option would be buying the coins when it hits the exchanger but thats will make you miss the opportunity to buy the coins at lowest prices and be a early bird.

KYC is Madame thing by all the governments now, so exchangers have to submit it so that they can asses the real person is investing money. Also this helps the safety and security of the funds at times.

We can not surely state that they are safe because we are always seeing that there are so many fraud cases of ICO project itself. Now giving our original docs to such people is far difficult to imagine in first place. But as I said we are limited on the option.

This is a very nice questions that mostly people can relate on such the same situation, it is about our safety and security purposes, and only those people have a long experience in KYC system can give the accurate idea on this particular question. I'm waiting for next opinion of people that have more experience and knowledge about KYC.

It is true that KYC may lose personal information and may be abused, but with cooperation on the internet there is no easier way to identify honesty and responsibility.

I think kyc is fine but only the basic if it's for bounty because i read some weeks ago that some project sell the participants data so it's very dangerous. Bounty participants also have to choose what project to give their data for. If the project is great and the amount is a lot, it's worth to do the kyc but if the amount is only a little then i think it's not worth to do the kyc.

Your are right, some bounty projects need KYC in order for dev team to verify  and double check if that identity is really existing or just a dummy at all.  I dont see any danger as long as you have trust and confidence with project and its team.

It is not safe and it could be use in illegal activities if it falls in the wrong hand. Selling personal data in darkweb is also rampant that is why I suggest that don't join in a bounty where there is a KYC requirements. Bounty managers must also announce it before the campaign to avoid any problem and report to the DT's that may affect the credibility of the project.

It could be either safe or misused, it is safe if the company requires to do KYC for their token holders to avoid illegal conducts and it could be misused if the company has an anonymous team they can use your identity to do illegal things.

I totally agree with you it is very risky to provide your personal data just for some tokens. I stopped participating in the bounties those requires KYC documents.

That's true. Giving out your personal information is dangerous. It can be used for scams or your identity may get stolen. In participating in bounty campaigns with KYC, we have to be cautious and secure of our personal information. There are many phishing sites out there that fool a lot of the people. Of course, KYC is done to avoid fraud but we must be cautious ourselves.

I thought KYC are just for investors and not for bounty campaign participants. Why would the bounty manager needs a KYC for signature campaigns?

I understand and agree if the KYC system is addressed to investors, because they need valid data about their company's investors but I am just a bounty hunter, I am not an investor I feel uncomfortable about ICO rules that enforce this KYC for bounty hunter

Had many people disagree for the kyc verification because need to show the identification of the user but u think there nothing problem for this requirement i also submit kyc verification to claim my coins as participant in bounty campaign before I participate in the btc signature campaign, so far there is nothing bad feedback for my safety.

Any legitimate ICO will have some sort of KYC/AML procedure. The reason for this is that every coin eventually wants to be listed on the major exchanges, and to do so would require them to follow the laws. Unfortunately the law is pretty clear that some sort of verification process needs to occur in order to prevent money laundering / fraud.

This is why it is essential to only invest in legitimate projects. It is NOT SAFE to send your ID/Passport to a random ICO. These documents reveal a lot about you and can be used in identity theft. If you want to participate in an ICO that requires KYC, make sure the ICO team is trustworthy.

The safest way to invest in a lesser known coin you believe in is to buy it once it gets out of the ICO phase. The price on an exchange after the ICO phase is often the same or cheaper than during the ICO (many people invest in ICO's just to dump it immediately once it hits an exchange). This way you still receive the coin at similar/cheaper prices, and you don't have to send personal documents to random people on the internet.

For me, this is absurd, since all this market was founded in order not to disclose their identity and here they ask me to send them my documents. I think this is not correct

This is not always safe, you need to look at how good this company is, because they can use your personal data for their fraudulent purposes. It is necessary to think several times before sending your personal data. I once faced fraudsters who sent a KYC verification message to the email, but when they contacted the company, they replied that they were not their email and they did not send such a message.

I think not.

Especially if the project turns out to be fraudulent, the with likely 90% your documents will be sold somewhere.

Because they are trying to make sure everyone participating in their bounty campaigns are not from the majority of countries are banned the crypto and prohibited the citizens to participate in any ico activities. It looks like become the real reason why there is a project implemented KYC verification to the bounty participants but it can't be appreciated in my opinion.

If the project is fraudulent, then 100% that the documents of all those who passed the verification procedure will be illegally sold in a black market for good money. And this is very bad, with such projects it is necessary to fight !!!

If most people say, the KYC system in the ICO indicates that the ICO can be successful and not a scam. But actually I was following a bounty with KYC, but I have not personally felt the direct experience of token distribution after the KYC process. But I think the ICO I'm following will be a success, so I think it'll be fine.

Yes, it would be misused. Bounties supposed not to be needing KYC BUT as the demand grows, great ICO's are having KYC for bounty hunters to remove spammers, cheaters and abusers. Some scammy ICO are also riding the tide, after getting money from investors some of them are conducting KYC for bounty hunters to sell for more money. Just proves that not all who conduct KYC are legit, BEWARE!

Im personally not favor for KYC verification system because you easily gives your personal data but in what I see most ico project required a kyc system we cannot say that this is safe because in the future your data can use in illegal way, so If I were you Im staying away fro ico project that required kyc.

Don't really know if your ID information is safe or not. But I think if it's a legit project, nothing will happen with your ID information and it'll not be sold to the black market. But for now, we can hardly find out a truthworthy project cause scam project atm often create a good looking project with good WP, dev team, roadmap,.....that why there are a lot of investors still risked their ID information with these kind of projects.

then what if the project was a success and not a hoax? whether the confidentiality of our identity will be maintained?

I do not think it's safe. And I see from the example of one project how difficult it is to collect data from all participants. Because of this, the distribution of tokens is delayed for the third week already.

What do you think about distributing tokens using KYC?
Does using KYC as one of the conditions it is safe?
Because by using KYC we have to put in more of our real data.
Do more agree or disagree with using KYC

I'm also worried about that. I have sent my identity and feel afraid of being abused. But I still think positive and believe they work professionally, so the data is guaranteed security.

as long as you are their client/costumer that bought their token, yes it is safe, but if the KYC implements to receive/gain free token from the airdrop. that is suspicious, dont let your identity reveal by that free tokens from airdrops. as i said, it is better/safe if the KYC is implement to receive your token if you are their client/investors/costumer.

I choose not to agree, what is the guarantee that the distribution of tokens with KYC is safe? is dev just a fear of multiple accounts?
the victim is the data of the bounty hunter that is not guaranteed data security

You will never know, next thing you know your information will be solved to a third party, you will receive a lot of offer to your home address and telephone number and the worse one is they will use your id to some illegal transactions.

It's safe, Because of the ICO campaigns so they are not deceived. But for our participants it is not. Because they can use it for other bad habits. They can use our identities for their personal purposes such as theft. So do we trust in this because we can make a case we do not know

Both things is good. 50/50. Because kyc is good to  for the ico to know whether the bounty hunter is a china us citizen or what. And in the negative side, the information of all people are known by their team. But i think they will not do anything to your information

Of course it can be used into something else,worst would be sold in the deepweb! so dont expect these people will delete all the files after the ICO or bounty has ended,these people are unknown so you wont know which one would be responsible if the data has leaked,and your identity where taken away from you,best thing to do is to send fake IDs if you really want to claim the rewards so you will be safe from further damages in the future.

Not just a bounty campaign that is required for kyc but airdrop must also use the process, of course we do not know about safe or not safe but spread the identity to the internet is a not wise decision but if the promised kyc process there are laws that regulate it, I think will secure.

I would prefer that KYC be removed, especially for bounty hunters, more risk if bounty hunters are required to provide their personal identities. do not equate investors with the bounty hunter

before you join the campaign, you should try to read on the official website of ico. usually ico always tell about the previous verification, or maybe before you join you can ask in telegram channel if you do not want to do KYC verification.
but I think it's safe, as long as they do not do anything that breaks the rules.

As far as I'm concerned it's not safe, not a good idea to send your personal documents to randoms on the internet.

For me using kyc verification for bounty token distribution is ok and safe, as of now there are many multi account btt members doing bounty in one ico bounty project but using and implementing kyc for participants this is for them to eliminate the scammers and multi account members  in particular bounty for fair distribution of reward token in all bounty hunters participants..

now mostly use KYC but most people enter fake idetitas but i do not know whether to apply or not depend on current bunty manager if they approve it.

Agree with your bro, we can't just trust our data to anyone. Our data in exchange for some tokens or coins to the bounty.  In this case those who have bad intention they will make and ICO and do bounty campaign with KYC. The can harvest lots of data and can be used for fraud or sell the KYC package.  There are forums that sells KYC packages.

The KYC is an improvement in the execution of these projects. Whether they are for weeding out fraud, bot or scam is one thing. However, it is necessary to know your customer in doing business. The developers know quite well the implications of letting out personal details of their subscribers to the unwanted public.

Yet again, you are just a bounty hunter. Why be afraid more than the actual investors?

This is what i hate about some of the bounties because they are requiring to have KYC to the participants. In crypto it is much better if we are anonymous because it is for safety and also another reason i hate it because if some incident might happen and the data about identities are being leaked it is so troublesome.

actually I am also confused why bounty hunter still questioned about KYC. we only help promotion and maybe many of us also do not participate in ICO. and I'm also not sure my data will be safe or not

I think that it is wrong situation. Projects must write about KYC verification at the beginning of bounty campaign. So in this situation you know that you need to pass KYC at the end. But when you are working 2-3 months and then manager writes about necessary verification – wow. Such rules must be written before you start promoting the project.

I think it's going to be a mandatory part of most bounties in future so we have no choice but comply, just need to do be more cautious and do research about company and everything related to project before joining.

KYC is good in long run but many people afraid that their data can be use else where but we do KYC for many other things where it is minatory and it's heaver misuse so never afraid from KYC. 

In my opinion KYC is not that secured because it requires your personal data/information which may use for bad but it is also good to implement KYC to verify that the person who joined to the ICO is true and not an alien.

ICO projects currently have 80% of SCAM, so there is no guarantee of data safety. If they encounter bad ICO they claim KYC, the KYC data is easy to be exploited. That's dangerous!

Exactly, projects that are big and strict in implementing their rules and regulations most likely ask for a KYC verification before starting and end of the campaign, you can make a second thought before giving your personal data or personal identification card as long as you know the purpose and benefits

I think its good decision.
Because people using multiple account nowadays. So, it is a great system for real bounty hunters.
I think its safe, because project development manager not a terrorist or others from my thinking. So it is safe.
People who used multiple account, I think he will not work for kyc. Then real bounty worker will work any project.

If I have to go through the identification procedure, I always send a photo of the driver's license, I think it is much safer.

What changes if you know the benefits of the project? Where is the guarantee that your data will not fall into the wrong hands? Even if you know the biography of each project Creator you can not be sure that any employee will not sell your data to third parties. Hackers can also get access to the vault databases. It seems to me that the only way to save your data is not to share it with anyone.

There are no issue yet about that, i hope that there are no ICO SCAMMED that has to be deal with KYC because we are in mess by that time.
I just sent my KYC to some ICO and i am still safe now.

KYC or KNOW YOUR CUSTOMER is really scary.

I think it's safe so far. I already give my identity to some bounty to get his token. to be honest, that way will decrease some abusers which tried get token with cheaters.

I think more and more ICO campaigns are implementing KYC for bounty to avoid double profiles, bots, etc. and I understand it.

Of course it's a risk because if the ICO fails or worse it's scam then you give personal data for free. Then my advice is to analyze the ICO, the team, the project and whitepaper before starts the KYC procedure.

Asking a KYC certified bounty hunter will minimize the cheater and verify the identity of the original Token owner when the project is over. But verification of KYC can be taken advantage of, as many people can cheat and overtake it.

I think KYC shouldn’t for bounty hunter & if it is necessary then should be same for all campaign.

And it should be announce at the start of bounty not at the time of distribution, in this case it will be convenient for participant to take part in bounty or not.

This is not a new procedure many bounty have always requested for and as far as I know I don't think there is anything that is so spectacular about what they are asking for and how many people are they going to use their Identity card.

I think this has been done long enough, maybe a few months ago there was a kyc, and indeed we would have to attach our identity card in kyc, because if not, of course we will not be paid, our hard work will be in vain

Noboby can tell you safe it or not. I use driver license. I think it is better then passport. Somebody use fake documents but I don't think it is good.

Watch the ICO background, don't know it will safe or not, it depends on who's there and what's their project.
Be careful with your identity

I think there is two sides by using KYC the positive and the negative side,in positive side they want to avoid if you have a multiple account in other side which the negative side they will know your Identity, and on that part they will easily hack you because you send your personal information already.Then if you hacked they will not explain or they don't know the real reason why you hacked or even the identity of the hacker they don't know also. It's so sad.   :(

I understand why they need KYC, but how to understand that they will not sell my personal data, also sometime they need too much personal data, one question - for what?

I don't think is unsafe, because of the vast number of applicant of each bounty, which time did they have to be checking on one's identity card after verification I don't think in any way this can be misuse.

You right buddy , they should not ask the KYC for bounty hunter just to get some tokens / coins , KYC data is very confidential.

At the very beginning, I would like to say that this is very terrible, because the KYC process is very, very illegal, because this process violates anonymity in the network, violates your personal life.

They don't use the information when they complete the verification so they can sell it. You have to stay away from things like that.

KYC is necessary for the transparency of all operations, this will allow the industry to develop. No one will climb into the dark maelstrom. For bounty and airdrops, KYC is a way to avoid multi-accounts.

there is no harm in giving KYC because of regulatory rules sometimes there are bounty campaign that does require KYC to be able to get paid from the bounty you do, as long as KYC is easy you should do just KYC so you can get bounty results that have been promised.

I don't prefer to give my personal details. I can be misused, leaked... Many dangerous scenarios.

I think if that's the requirement of identity that is asked for the smoothness of our bounty project what's wrong! we must think positively that it is safe for us

KYC for bounty hunter is positive and negative. positively reduces the fraud or multiple accounts in each bounty and the negative impact of identity data can be used for criminal acts. before doing KYC you should see the background of the company rather your data is safe.

Of course it can be misused,your ID can be sold to the deepweb and you will never know when these people are going to dump or use your IDs into something else,worst they will use into some identity thefts,frauds to take advantage the situation that i why i dont really want to have these KYC verifications in the first place because you could lose your privacy.

Everything is possible,and your IDs can be used to anything illegal or it can be sold to someone else in the deepweb that is why we shouldnt be sending our IDs to these unknown people not unless they are willing to show their real identity so that if everything happens we can still get these shit people down.We shouldnt be supporting these people because it isnt necessary to have because only those ICOs from the U.S are required and covered to have these KYC verifications.

Yes of course it might be misued by these shit people because everyone will find their way to get profits from anything especially that database that they got from the people investors and hunters! KYC isnt really necessary because only those ICOs residing from the U.S are required to have KYC verifications because they are covered with the SEC's regulations.

KYC for bounties distribution is annoying to say the least. It becomes even criminal if it had not been specified as a necessary condition at the time of the launch of the campaign, so that people had the choice wether they like it or not

if that we give us a good token let them continue. i think we are having a lot of scam site now

Yes that is a risk, there are some good icos around but taking into account that most of those projects are scams that are never going to become successful at all then I will probably avoid sending any kind of documentation to them this mean that you'll probably be unable to join many bounty projects out there but in my opinion your personal information is a lot more valuable than just a bunch of tokens.

In my opinion, of course if the changes will a have great contribution for me and for the whole society well i should positively and religiuosly comply what is only needed like personal idenfification card and nothing else.  And i am strongly believe and trust that the  project i go into is legit and no malicious or fraud will happen. And above all i will ask guidance and support from GOD who is the creation of everything, that whatever happen it will make me always strong and ready to accept everything whether its positive or negative, and for me to become a better person and investor as well.

Your ID might be sold to someone else in the darkweb,that is why we shouldnt be sending any of our IDs  or if you still want to get your rewards send fake IDs of yours so your privacy or identity wont be put at risk.I dont really like to participate to any of these bounties because i could have lose my own privacy and my id can be used to anything illegal.

Of course it can be misued,or sold to other people without you knowing it,that is is why it isnt advisable to send your IDs with these unknown people because you will never know what will happen to your IDs,if these people sell it to the deepweb im sure you are going to be in a big trouble especially when your ID has been used into frauds and identity theft.

Yes it can be sold to the other people especially in the deepweb where most of the illegal things can be sold,your identity and privacy might be put to risk if you did send it to these ICOs that is why it isnt recommended to participate with these campaigns because you could lose everything you have when these people did something wrong with your IDs always think 10x for your to be sure if it is worth the risk.

The problem is not only in your ID's, but in a fact that You open your identity to unknown organisation. I believe there are many other ways to prevent bots and double accounts. KYC seems very strange procedure in case of crypto.

KYC requirements is ok for as long as they accept voter's ID too. I once joined on 1 program and got rejected because I don't have passport ID. Not all goes traveling. And if they need investors they shouldn't be that strict.

You don't know what will happen, best to avoid that type of bounty. Still many bounty available without kyc. some project safe not mean all is safe. well if it's worth the risk then up to you.
you talk about airdrop, right? btt bounty give you more than airdrop, and it's not required kyc. for me bounty with kyc is big no-no. we work for them then why they can't just pay us only because kyc

KYC verification is for the safety of you and the project mate, they are using kyc so that they will know where you are from and about you because they are banning some country to their bounty or ico. But also depends on the project mate

It is essential for KYC to invest in ICOs because if one buys too many Tokens of the project, it will lead to manipulation of the exchange rate. Therefore, KYC is mandatory, limited to a maximum of 10 ETH. For Bounty, I do not think it is necessary because the total Token issued to Bounty is always below 5%.

then what if we have sent identities and after that just found out that the bounty project is a scam? whereas we have already sent our identity? how to identify the good or bad of each bounty project?

I think this all misguided issue for Bounties campaign. KYC means "Know your customer" not for bounty participant.
I also a little bit skeptical about KYC for bounty. KYC should be for INVESTOR. Because of the bounty participant, not an Investor.
Personally, I avoid several bounties which need KYC when claiming the rewards.

As long as the ICO project is legit or not a scam then it is safe for us to pass our required identification documents so therefore we must ensure that the ICO is not illegal because once we failed to verify the legitimacy of the project facilitators in which we have given them our identifications and personal details then the possibility that it might be use in illegal activities is huge.

I don't feel confident about it, so I am not interested to participate in bounties that require KYC verification. It is not safe at all. There are many instances of misusing of personal information.

I think the KYC formulis can be used by certain parties to steal our data,I strongly agree with his existing KYC reduce double account,In addition I was afraid with there kyc this even in stolen our data

Now the KYC even several projects have passed: KYCLegal, VeriMe. And all of them say that their data should not be given for free, but sold. And we simply become hostages of payments of rewards or earnings on investments.

A very strange expression, it looks like a trick from a darknet. Perhaps, you meant a fee for their services, not that they will sell our data  ;D It's illegal anyway, or I misunderstood you

i think it won't be misused.
now i ask you, how about the investors who invest in the ICO that require KYC to participate ?
Many investors wouldn't want to invest their funds in ICO if their identity is going to misused by the ICO organizer.

at this time almost all ICO requires its investors to do KYC to be able to follow ICO even bounty participants are now required to do KYC to get the coins.
Although a little worried about our misused identity that can harm us but KYC becomes an obligation to get the coin.

I do not understand the need for a bounty hunter to send documentations for KYC. It is a ploy for the managers to deny paying bounty hunters. You can send and be hopeful that it will not be used for dubious  purpose. My brother pray.

If you have already sent out your information and your documentation to the ico developers of a particular coin then there is nothing to do except hope that they are honest people that is precisely what we were trying to avoid by using cryptocurrencies, to try to avoid trusting in other people to manage our information and our money, I find it very high ironic that we are falling on the same pattern of banks and if that is the the case then there is no point for cryptocurrencies.

I think that you can trust!
They do it to get rid of the feces and pay real people and not all the money in one pocket, I think they have enough earnings so you do not have to cheat with other people's documents!

I have already sent my personal information including photographs, passport numbers so on to many ico pages. So its already gone for me. But I wish we could turn back time to good old days when crypto was underground and we were anon. It was better.

some of the kyc requested I think is quite safe but there is little concern in misuse. so be wiser, if sure send it if not leave it nothing is entirely safe stay be careful.

If you keep giving your information away then we are never going to go back to those days, after all why icos will stop asking for your information if you keep giving up that information to them? The only way this stops is if everyone or almost everyone stopped accepting this, that is very unlikely because many people here only care about making money and if they have to give that information away they're going to do it.

Sometimes the reward is low-value tokens and giving full data is unprofitable and dangerous. They often want photos of a document. In my country, you can not disclose such documents because you can have big troubles in this way.

It seems to me that it is not safe in almost any country. Sending copies of personal documents is absolutely unacceptable. Moreover, most of the projects themselves do not provide any official documents. Thus, I must provide my documents to some unknown people who will probably use my data for illegal purposes.

We cannot blame them for doing this. Some ICO's were just following a complete integration with Ocular’s Anti- Money Laundering (AML) compliance platform that provides instant verification of a customer`s background (KYC). We as participants to this ICO just have to trust them that our informations will be safely handled.

I don't think that it would be misused since they are only using it for records to whom they have distributed their tokens. I guess we should use government Issued ID's rather than using personal one's. Mostly on countries where cryptocurrency is not yet that popular the need logs of users in which they have sent their tokens or services.

These are the requirements of legislation.
Unfortunately, you have to accept this. The rules will become stricter every year

kyc for investors and bounty hunters is now required, and for misuse of our data is often the case, but we must make sure again, which project is really honest and which only want our data alone or the project is just a scam project, it is indeed it is very difficult to ensure the project is scam or not, try to continue to pay attention to their social media, whether the project developers are still continuing to provide updates or not

This way of thinking is what is worrying, no you do not have to accept this, yes the legislation is going to become stricter in the future but from now on I will refuse to invest in any single ico that asks me to give them my personal information, that means that I'll be unable to invest in many icos but I do not care after all many icos are scams anyway.

Your position is wrong. KYC is necessary for investors as a fight against money laundering, but why do projects require KYC from bounty hunters? For the entire bounty campaign usually allocated 1% of the funds from the project, in addition, bounty hunters do the work and receive their small reward.

I do not know why almost all of the ICO projects are asking bounty hunters to do KYC as a step to receive their reward. This is ploy they are using to refuse making payments to hunters which is bad. It is possible that some hunters may not have the proper documentations needed for the KYC and that will be the end of their effort. Bounty hunter did not invest any fund in the ICO so checking the source of his fund is not necessary.

I think kyc is fine but only the basic if it's for bounty because i read some weeks ago that some project sell the participants data so it's very dangerous. Bounty participants also have to choose what project to give their data for. If the project is great and the amount is a lot, it's worth to do the kyc but if the amount is only a little then i think it's not worth to do the kyc.

I also think that bounty hunters should not undergo KYC procedure, because they do not invest in the project. KYC is primarily a means of combating money laundering. Especially since I believe that the transfer of documents to unknown people is very dangerous.

That depends on the company and most likely a decent one will never misuse your personal info, but of course not all of them, tokens issuing companies, can be called decent ones. The interesting part is that the less you will get from a bounty project the more chances your identity info will be misused. Try to participate in only good paying projects. But please don't get me wrong, I don't mean to participate in projects who promise to pay you a lot, I mean to work with those who really pay. Google the members of the team before participating in anything.

I think it's safe, I'm just disappointed if after doing kyc then the payout is not in accordance with what is promised, such as smartexchange project that only pay a little bounty hunter

Big projects will have very big law problems if they'll do something wrong with your ID. But small scam projects just don't care about it

ICO project still have issues with their Security, i dont want give my personal data to them
Just get little of their Coin, my life is in threat.
You never know that your data will used faultly for Deep Web, or like Facebook and C.A. Scandal.

I choose to ignore bounty that require KYC verification because I don't agree that its necessary at the level KYC/AML is intended for. (Higher value contributions between two parties having a buyer and a seller - then yes) but with an bounty, coins/tokens only go one way. And yes peeps - ID theft and the sale of emails are things that actually happen.

They do not guarantee that you personal data will be safe, so  I just try to avoid such projects, if possible.

I'm doing the same thing. If illegal copies of my documents are made, then for me it can become big problems. I do not want unnecessary problems, so I avoid such problems.

Nowadays hackers are generally insolent, they can hack almost everything. So I just hope so. that passing the procedure of KYC, our data will be safe. If I could do without him I would not go through.

I would prefer that KYC be removed, especially for bounty hunters, more risk if bounty hunters are required to provide their personal identities. do not equate investors with the bounty hunter...

it is safe, they just want to secure that their bounty participants are real and not fake. it is also to avoid other users to use multi accounts on a campaign, it is to become fair to all users.

I missed most airdrop and bounty because of KYC because I don't believe they will secure my details so I just quietly stay clear off and it has made me miss some great deal of opportunities. Pls how safe is our data when we use for KYC

They don't use the information when they complete the verification so they can sell it. You have to stay away from things like that.

Perhaps this is correct, so you can recognize the scammers. But projects require too much personal information. Photos, bills and so on. I think it would be enough just passport.

The most terrible thing in KYC verification is that company can't guarantee the safety and confidentiality of my data. A lot of examples when hacking databases and stealing documents of participants, it's bad.
If we talk about bounty companies, then I don't understand why KYS is needed there.

I do not really like to send this information, given that there are also many fraudulent companies, but sometimes they are, and I send only to trusted companies.

If that ICO is legit then maybe it is safe to send your identity card. I don't like bounty campaign that needs KYC in order to receive your reward they should not require KYC for bounty hunters.

In my personal opinion, bounty reward distribution no need use KYC because many participants just receive about $30-$50 , and if all bounty required KYC will be any additional times for that and this is will be not efesien for this job. And i think not really safe provide personal identity to other party that we dont know excatly they has legitimasi and regulation or not.

Using KYC verification is good in all bounty managers but in my opinion all bounty receivers doesnt agree on it, because there is so many tasks you need to do, to be qualified in distribution of tokens in that bounty campaign. So it depends upon in bounty managers, as a bounty receivers we need to respect that decision.

I understand why they need KYC, but how to understand that they will not sell my personal data, also sometime they need too much personal data, one question - for what?

in my opinion this is not safe, because they can not guarantee our data is safe. they could sell our data. I do not like bounty asking for kyc

This is a very hard decision to have, sending your identity to someone you dont totally know is very risky, it can be used in illegal things without you knowing it. Almost all of the ICOs today are requiring bounty hunters to submit KYC and that is very risky, well it is up to you if you will pass your identity. The truth is you are not 100 percent sure that your identity will be kept safely.

I strongly disagree with KYC, and this raises many questions .. much participation bounty afraid of this because their personal data will leak.

Don't really know if your ID information is safe or not.Of course it can be used into something else,worst would be sold in the darknet !Projects must write about KYC verification at the beginning of bounty campaign. So in this situation you know that you need to pass KYC at the end.I really do not know if it's good

Token distribution doesn't request for the KYC verification. Very few bounties to keep the participants away from certain countries request for a KYC verification. Investors were requested to do the KYC verification, which is mandatory with majority of the tokens.

in my opinion KYC to identify participants, so as to reduce the cheats of participants who follow with multiple accounts, my experience joined the campaign with KYC's identity i think is safe, and it's only intended to match the data of participants with proof of participant identity.

They say this is according some laws some countries, but I personally love more that bounties that didnt require KYC at the end of them.

I think using KYC for token distribution is good especially to reduce cheater participants,but the particular ico asking  for participants information should make sure all the information are safe.

KYC is usually used for airdrop because many use double account, if KYC is used for bounty i feel safe, as long as we do not send your wallet key, but we still have to be alert with data we send by choosing bounty which is official not fake or less obviously, our hope is evaded from crime

No, in general it is not safe. They can use your data for personal purposes. We need to do something with this , need a program in which once you pass the verification.

Yes, some bounty programs are now using KYC to receive the rewards. Actually, some of them have told about it in the earlier (or we can also ask about KYC necessary for bounty when going to apply for the bounty program). But some of them only announce it after the end of ICO. For some people may be no problems. I myself also have no problem with it. But, I'm a little bit afraid of the privacy of my identity. Hopefully, they are really honest and responsible to keep ou document and ID perfectly. It will be so dangerous when our document is used for other irresponsible activities.

as far as I know the identity we send for secure payment claims because kyc just ensures that we are not the ones that are banned from cryptocurrency but I hope the forum admin should create new rules about projects that use kyc

yeah so far the KYC (Know your Customers) is safe, and i hope from now on the identity we submit for KYC will not be misused,Fraud. and share to third party.
KYC on Bounty for avoid cheaters, multi account, and etc.

Well, as part of a new rules implementing KYC program for securing identity or verifying customer of every holder in time of distributing of rewards as a payments in bounty campaign it is safe act of giving your identification because only admins of bounty campaign will know that and its part of the rules in protecting the personal information of others too. In addition to that most bounty campaign only required the investors to pass KYC.

The bounty that forced KYC before distributing the Token thought it was superfluous. Because the total number of Token issued for Bounty accounts for less than 5% of the Token. So KYC should only make the Token sale because the number of Token for sale will be up to more than 50%.

Of course if you will send your private data to every project - some of them will definetily resell it on darknet. Just try to filter good projects with reliable reviews from ICOdrops, IanBalina, CryptoDiffer, Midgard and so on...

This is not something new. There are increasing number of projects that are lately doing this due to regulatory rules. ICOs are not allowed in many countries like the United States reason why they are verifying participants. Some others won't verify small amounts though.

hope alone surely this would be safe. Indeed the suspicion and fear of hacking identity certainly exist. But if that is not done then all along undertaken will also be futile anyway. If feel confident then just trust that it will be safe.

I personally actually do not like the KYC system. because the longer the form of the required form is more strange. many requests that I do not think are necessary. The purpose of KYC is actually just to improve security only. I also read a lot of less good comments about this KYC. Not to mention after charging, many of which are not continuing. And the tokens are not immediately distributed.

We can't be so sure if your identity is safe or not. The moment you gave them your identity you have no control of it. I understand why you gave them your identity. You want to get the payment you worked for. But before giving them your identity, don't you think about if it safe or not ? How much you trust those persons?

Could it be misused ? BIG YES. Even though you do not have permission to them.

It is true that KYC may lose personal information and may be abused, but with cooperation on the internet there is no easier way to identify honesty and responsibility.

I cannot answer or give guarantee whether the document that we upload for KYC will be safe or not. I myself also do the KYC to claim my rewards from bounty programs. It is actually worried to give our ID to the people that we don't know there. But, I always make sure myself to believe in them. They commonly have promise and responsible to keep our private identity.

These are only promises. Unknown people can do anything with my documents, it's even against the law. KYC can be justified only in case of investing a large amount of money, but for bounty hunters this is unacceptable. They only give their work to the project.

Yes, it is impossible to ensure that the project side is safe to protect KYC data. In the Internet era, anything valuable can be sold. We can only reduce the frequency of use.

It's not worth to do KYC to receive airdrop tokens, actually airdrop tokens value not worth it, how do you know they won't use your document doing other stuff? bounty not same as airdrop, if you bounty reward is high and it's worth to pass KYC and receive your $$$, anyway it's up to you

I am not in favor of this token distribution using KYC. For all I know, KYC are only required in investing procedures. But for bounty token distribution, this must not be necessary. I also noticed that some new projects are now asking for KYC but I don't see the relevance. I skipped from a certain project if this includes to the rules. Because I really don't know why they are collecting participants personal data, for what reason?

No not safe, probably ok for the large ICOs though, if they've just raised $20 mil then I doubt they'll bother to sell your details for a few $s.

I think kyc is fine but only the basic if it's for bounty because i read some weeks ago that some project sell the participants data so it's very dangerous. Bounty participants also have to choose what project to give their data for. If the project is great and the amount is a lot, it's worth to do the kyc but if the amount is only a little then i think it's not worth to do the kyc.

please, do not think negatively. actually KYC is required before the token is distributed to minimize fraud and multiple accounts. so keep enjoy for the better future with your bounty reward

There is two sides by using KYC the positive and the negative side, but I think the bounty thread needs to resist KYC data.
Because no one knows what these KYC data are used for, I think it's a very dangerous thing to give our KYC data.
They do not guarantee that you personal data will be safe, so I just try to avoid such projects, if possible.

I think the reward needs to be verified by KCY solely because of the laws of the local government.

This is also good for rewards because there are multiple accounts and the number of kyc will decrease.

Many People don't like KYC verification actually. Its forbidden in some countries to buy crypto.some can use identity cards and some people use passports.

Previously I am not in favor with having kyc for the bounty hunters like me, but now knowing that there are many people who take advantage in joining bounty campaigns with multiple account just to have huge share from the bounty pool budget I can see the importance and usefulness of having the kyc as it limits and restrict bounty hunter participants to claim their token rewards using multiple social media account and others. Come on people stop being greedy and be fair!

Well, as part of a new rules implementing KYC program for securing identity or verifying customer of every holder in time of distributing of rewards as a payments in bounty campaign it is safe act of giving your identification because only admins of bounty campaign will know that and its part of the rules in protecting the personal information of others too. In addition to that most bounty campaign only required the investors to pass KYC.

KYC verification is really important for the team to take actions before distributing the tokens to the imvestors and bounty hunters. In this case, the team can identify the nationality and what type of person is their client/s.

KYC is just our Identity and noting more than and now many bounties are implemented it because many scammers’ are making face id’s in regular bounty and creating troubles for relay hunters so with KYC no face id can be created and relay hunters get more rewards.   

I don't think is unsafe, because of the vast number of applicant of each bounty, which time did they have to be checking on one's identity card after verification I don't think in any way this can be misuse.

I think is good to some extent. But I don't really like it because it is somehow stressful. I have done 3 kyc and has not been approved in the last 3 months. After working they will say one needs to be verified. It's just that it's good for detecting scammers and those with multiple accounts.

I also think that KYC is unsafe for users. People who receive my documents in no way will respond if the attacker accidentally takes possession of these documents. We need some alternative methods of verification.

I think that it is not a good decision and projects can organise bounty program without this activity

before you upload your documents, you need to be confident in the project ... some projects are scams

I will also do kyc where ico can succeed and get many tokens from the project. otherwise I will not send personal files because it contains important things in our data. and the thing I fear is misuse by related parties. therefore must be very careful when it wants to fill the KYC

I would prefer that KYC be removed, especially for bounty hunters, but nowadays hackers are generally insolent, they can hack almost everything. So I just hope so. That passing the procedure of KYC, our data will be safe. If I could do without him I would not go through.

I do not like KYC. But if the project is normal, then I doubt that they will misuse my information. Therefore, if necessary, I will go through this procedure.

KYC is a tool which very much is pleasant to some people, and some hate him. Almost in all ICO the KYC procedure began to be used. She helps to eliminate swindlers who violate rules. But on the other side of KYC - it is very bad. Because it isn't clear whether there will be our documents in safety or not.

I can't say for sure that it's safe . but we have no choice if we want to get tokens . I hope it's safe

I hardly joined do KYC for bounty campaign, I'll rather not join the campaign at 1st if they are opened about KYC implementation.
The only and 1st KYC I joined was Multiversum bounty KYC. If you believe in the project and the management, you can join the KYC with no fear.

KYC with bounty signature is not necessary because the total number of bounty signatures is only 5%. Therefore KYC should make more investors instead of participating in the bounty. KYC will disclose personal information, and I am sure many people will not like the KYC for token distribution.

This is not mandatory token distribution using KYC verification if bounty manager not declared. If you follow the bounty thread you can see here is it mandatory or not. If bounty manager says for Bounty Hunter needs to KYC then you must use KYC verification. If you invest in ICO program so you need to verification and using KYC from in his website.

I think bounty projects implementing KYC on the distribution of their tokens is OK with me. For me, getting KYC to each participants help us know that single account only is allowed in that campaigns. This also to avoid scammers enter our campaign. This is not a big deal for us because this just few information about our self. I'm sure they just want to know the identity of the investors who invest with them through KYC verification.

If you look from our side you see only negative moments, but if you look from side of bounty managers this helps get rid of a large number of bots

I think that will be safe. In my opinion only to keep every user using real account and not duplicate it. So, implementation of KYC in distribution that is not good enough, if the project needs KYC apply it before.

My most important question is only to whom we report? How do you know that this project will pass your SEC commission documents? I do not believe people, because in greed people will not be right, this is business.

As long as I follow the KYC process, everything is safe. And I think the KYC process is very needed in the campaign in order to avoid the fraudulent smugglers who try to get more profit.

Well, this is the most common problem that we need to consider. We don't know what will going to happen if the one who has the shared his personal information. It's either being scam or not.

Nope, I think that they will not abuse your personal information. I also think that method are good to minimize many multiply account and it will make good effect for that token.

KYC is OK if you are an investor, as it is also a protection to prevent crime activities, money laundering and terrorists. But if you are just a bounty participant, it seems to be bothered for me because it might be use your personal identity for scams and other illegal activities.

IT needs  kyc for some of the bounty projects  to avoid those using multiple accounts. It is also to avoid anybody who will steal your rewards. It is not like before that once  you receive your tokens and exchange it, they just only need your  valid ids . But now, they become very strict , they ask  for a passport for further verification. I think it is safe for sending kyc to the company we had joined in because it is just between you and the company, not the whole world. It is just a basis for proper distribution of all the rewards.

We can only hope that our documents will remain untouched. In one of the latest ICO Fantom, as far as I know, the database was stolen with the documents of those investors who passed KYC. But all over the world the passage of verification is a necessity, I do not think that the crypto market will be anything different

Now ICO is not regulated by anyone and there are a lot of scammers who do not pass the verification before launching their project but they are forced to do it by bounty hunters. I'm not sure about the security of the documents.         
         
         

I think they do this because this is the right idea to protect their project to some cheaters that abuse the bounty so I think its alright if there's KYC to get our reward and I think it will not misused.

it can be but if for ICO i think they only want to avoid SEC problem, and that is the only way to know people who join their project, and usually not only bounty participants but their investors too. or maybe it is to prevent people to fraud their bounty campaign

It's sheltered, Because of the ICO crusades so they are not betrayed. Be that as it may, for our members it isn't. Since they can utilize it for other negative behavior patterns. They can utilize our characters for their own motivations, for example, robbery. So do we trust in this since we can put forth a defense we don't have a clue.

Your data can be leaked, be aware of it and better use fake KYC data. In this case you will avoid problems with your confidential information.
 I am in crypto because I want to stay anonymous and KYC is unacceptable for me.

I only provided email, phone, name and country details , there was no kyc .

I think it's safe. Projects do this because they need to comply with certain standards established by the SEC. I do not think that they will use your documents for other purposes. In the end, in today's society, knowing the identity of your investor is the norm.

Personally, I do not endorse KYC for bounty distribution. But this is necessary part and you have to do it to get your tokens. Of course, there is no an absolute guarantee that your personal information will not be leaked. But if you really care about it so you shouldn't participate in such bounty campaigns.

You don't know who you share your personal data with, where the data is sent and for what purpose someone can use it. It is also a serious question of how this data is protected against leak or hacking. It's doubtful whether you have access to this data after sending it in order to be removed or changed later.

I also do not support sending AS. But if there is such a requirement and it is mandatory, then for me there is no particular difficulty in providing such information.

Usually I'm trying to send my identity cards only for those bounty campaigns in which I am confident in because if I'm not confident in the project it is highly dangerous

I hate KYC verification, but it is a measure to resolve problems with SEC. There is nothing to do with it.
just buy on exchange and you don't need to pass kyc in this case

You have to be very careful when sending your identity documents, not all of them are real projects, some are scams wanting to get your personal information so they can abuse it later on. Cibus for example collected my identification, gas also and yet never sent me any tokens

KYC verification can be important for large investors. I think it's useless to run KYC in airdrop or bounty. Participants get so little rewards that their influence on the market is none. It's not known who has personal data and where it's stored and whether it's well protected against leak.

I categorically do not support projects that require verification. Because these are violations of the constitution of the countries in which they live. And where is the freedom of information? Where is the freedom of anonymity in the network?