Bitcoin Forum

Because when we submit some our document to Kyc (eg: passport, licence.. etc.) i'm wondering if we can add a watermark says " Kyc for example ICO "
that can make sure they(someone who required kyc) cannot use that documents to other purposes  ::)

so any experienced member  can make an answer for this will be helpful ?

Thanks!

This is actually a very good idea. I'm afraid that my documents will abuse them.
We need to be sure somehow that this will not happen.

You can add a water mark in the documents you submit, as every exchange and certain projects asks you to submit your documents and you have no clue how secure it is and you even do not know whether they will misuse our documents, so you can very well water mark the documents while submitting, i have not watermarked the documents i uploaded till now, but in future i will do so. :)

I haven't had any problems using watermarks for some ICO's KYC's. However some ICO's do not accept watermarks on KYC docs. Thus it depends.

I actually like the idea, especially I also doubt some KYC providers and procedure. It got me thinking that they can reuse it for other purposes without your consent. Having a watermark in the document nullify it's used for other purposes. I hope KYC procedures of ICO should allow this type of putting watermarks.

It depends on the ICO company some ICO do encourage putting water mark however always try first by using water marked documents and if accepted ok otherwise you can try again.

Make sure watermarks are not covering barcode, picture or some other critical information, because most of the time its automatic and computer generated programs might not be able to read properly.

there is no regulation/law that prevents watermarks
as long as the watermark does not cover the information on the identity

EG a photo should only watermark over the shoulders/below the neck area so they can stil see the face to compare to other faces

usually best water mark it with the service your sending it TO
EG
"submitted TO coinbase". when sumitting to coinbase

that way if a naferious coinbase temp/employee tried making a bitpay account using your ID. bitpay will see its not a fresh submission but ID grabbed from coinbase. which would usually raise red flags

it also helps if bitpay then contacted you. you can see that your ID was stolen/cloned via coinbase and not via other services you have signed up to

most countries KYC policies dont actually do anything with the identity. they dont pass it onto authorities nor do checks at the application stage.
meaning you are not being vetted and scrutinised at application stage. they just need an identity on record for 3 reasons:
1. it stops people making more than one account
2. when issues do arise, its harder to then ask for ID.. compared to asking upfront and then only using it if problems arise
3. it scares away naferious people for even signing up as they fear their nefarious future actions will haunt them later

in short most services just store it and only do checks if red flags are raised. the only real time there are checks done is if the business offers
services that can cost them money. EG offering credit/loans/bartabs. a business will want to chck if your able to handle repayments, had court issues they need to know.

but straigh 1 for 1 swaps with no loans or delayed payment usually doesnt need scrutiny. and as such just having ID with readable information on it is enough

Yes, it is completely fine if you are using watermark for the KYC documents and you can mention it very clearly 'Submission for XYZ KYC process verification as on 01/01/2018 and valid for one year'. Make sure that you are not covering the details like name or any identifying information with it. If any ICO issuing company is rejecting such practice then it's the signal for you, not to submit your fresh copy there.

cheers! i hope this will make no damages to the kyc processor,  :) 
Please update here in future you had a problem with adding water marks. ( so we can inform about that)

Okay! thanks for the extra details about adding watermark.
hope this will helpful to all  :)

I think This information are very valuable for all of us.
Thanks for letting us known. now i see why your rank is Legendary  ;)