Bitcoin Forum

Many Airdrop programs often appear to distribute their free tokens, but the project asks airdrop participants to verify their data.

Recently, Stellar also made the Airdrop program by providing USD 125 million in XLM form, the total tokens shared are approximately 1.5 billion tokens. The token is indeed distributed free, but the user must verify his identity to be able to get the token.

These free tokens are pretty much hunted. Unfortunately, there are still many who do not understand that privacy is quite important and must be maintained.

       Airdrop is a free token given by a company just to make them popular or just to introduce the project and the team were really need a KYC as proof that the token or coins was given to a particular person and I think there's no problem if it is a legitimate company , but if you don't want to share your private data ,then it is better not to join .

We must be very careful when giving out personal data, because there is every tendency for it to be used for ulterior motives. Know who you give your personal data to.

Indeed, basically the use of Kyc is to reduce multiple accounts and aim well, but there must be a negative side too, we do not know the security of the personal data that we provide and can be misused by irresponsible people. , it's better to maintain the security of our privacy.

Yes, it is certainly bad that they require kyc and video confirmation. But if it hadn’t been there, there would have been many multi-accounts against the fight against them. I hope they keep confidential in safety or can be deleted after verification. Stellar promising coin hope it is worth it.

When i saw your topic, the first question that came to my mind was:; what is there to sacrifice about kyc?
Your privacy, most especially your personal data is more precious than anything. It is more important than the peanut you are expecting to receive from any airdrop. Even if it is bounty, you need to be careful. The same is also applicable to investing in ICO, because it might be a scam.

When need to start buying?

Just Hodl, friends

Any privacy will be beneficial for a certain circle of people, if we are talking about private property, then of course it is very necessary, then what's the point of reaching and achieving something?

Hold what ? it has nothing to do with Hold or not to hold. It is all about KYC and your privacy.


They won't delete it because they will use it as kind of way to promote their project, i believe they will send you a message or an email about something new with their project in the future. Because i have seen something like that before, and more likely they will do the same thing.

It's still up to the people who are participating on these KYC airdrops, some of them do not understand the underlying risk and they just want to partake of these new coins hoping that it will hit the market, they will just go on until they finally realize that it's useless and not worthy at all.

KYC is a joke, especially when they ask for it for a bounty or airdrop.
If KYC is asked for these, they either have ulterior motives or don't know the basics of what even Know Your Customer is all about.
Both are huge red flags that you are dealing with an unprofessional company.

In the case of the XLM airdrop, it isn't acutally stellar themselves that are doing it.
It's just another media ploy to create hype around a project.
the fact that they are asking for KYC makes me suspect that they are also datamining.

The crazy thing about kyc is, is that it is actually crazy unreliable.
I decided to test the system out one time and applied to an ICO whitelist using a fake passport picture I got off of the internet.

I wonder what was the amount of airdropped tokens per participant? If it was as in the case of many other typical airdrops, the participants were effectively selling their private information for a couple of bucks. Not a very clever thing to do.

Agreed. I can't say that I will never give up my privacy, but I will say this: it would definitely have to be a substantial reward to do that. Otherwise it's just lame.

Well as far as airdrops are concerned i dont think any airdrop campaign asks for kyc or private data but stellar seems to be an exception usually some icos require kyc for investments due to their country regulators.

yes, you should not have to sacrifice any privacy to get distribution tokens for free, maybe the results are not much and the results are not comparable at the expense of your identity. I think keeping identity is more important and doesn't have to be sacrificed for free tokens.

We need a new Ethereum

        In airdrop campaigns, projects require KYC to prevent SPAM. It is a very good measure and I agree with that. Airdrop offers tokens to make more popular projects and to win potential investors. Through KYC, you will not expose your personal life, but you are just the name and the place where you stand. You have nothing to fear, no one comes to break your house now that he knows where you live. It's just a measure against SPAM.

       KYC is important for bounty companies to prevent campaigners from participating in the SCAM. It would be very good a kind of KYC made by companies to join the forum, maybe so there would be many SCAM projects.
       Stay calm, nothing happens to you, you are doing a KYC in a campaign where this is required.

If it can provide us with valuable tokens, then I am willing to provide them with some data, but if their tokens are not yet on the market or are still in the ICO stage, then I will not give them any data!

To give someone your personal data or not for $ 10-50 you decide. As for me this is a very stupid act. No one knows what negative effect this will have on you in the future.

I think it is not necessary at all, if we try keep our privacy from other people. Here in crypto industry, we can't avoid to keep it secret because most ICO's, bounties, airdrops requires KYC verification  to be eligible for the tokens. There are also times, that we need to pass verification in the exchange platforms and we can't fake it because it requires valid IDs.

is the sacrifice of the most insecure information important? For me it does not matter because it can hide the information and can ignore it too.

I think that now it makes no sense to invest in altcoins

When need to start buying?

Just HOLD

I think you can distinguish, which are useful and which are not useful. so you can make your choice especially on the airdrop project that asks for KCY, so you can ignore it and look for something better or that doesn't require verification.

Most of the airdrops are either shit coins or scams. Its better you protect your identity than to sacrifice it for some good for nothing coins which can ruin your life one day

The security of personal data is of course very important. However, today's technology and internet use has ceased to be personal data. There are many websites that now have access to personal data. So I guess it doesn't really matter.

Some people who know computer usage and coding can easily get a lot of personal data.

it's true what you say, but if participants feel it is very difficult to have it, I think sometimes it's just lying reasons so they don't distribute it

Yes, you're right. But, what if a company at the ICO will abuse your privacy for their benefit? I am sure you will not agree if your privacy is used by them for their personal interests

If the airdrop is a popular token and if you think it is worth it to pass ypur KYC, then join the airdrop. One of the reasons why some airdrop requires KYC is for them to verify that participants are not spamming registration.

If it is a reliable project like stellar , then no problem for verifying your identity with your documents but if a fraudulent ico ,then it is not worthy to disclose your identity since your identity might end up in a black market.

I would never verify or go through the stupid KYC system just because receiving the airdrop. I do have the feeling of saving my identity from some unknown people. How can I be ensured that they will not compromise my data? KYC is anti crypto.

however sacrificing our privacy cannot be justified
but as we know sometimes we need it to do an agreement as an example like we create a bank account that requires our privacy data, the point is we are certainly allowed to sacrifice privacy if it is really given to the place and people who certainly have treaty law

The sum of airdrop token of per person was $25. It's ridiculous that some people had sent their true identity for a couple of bucks. I rather avoid it and never reveal my identity for those. My identity can be safe to me only.

Privacy is very important thing that it should not be sacrifice in exchange of airdrops which in the end will cost nothing. Learn to value your privacy as it is very valuable thing.

The privacy is quite important and must be maintained for whales only. For poor people the privacy doesn't matter and airdrops are a good chance to get their first crypto.

It depends on the kind of websites that is asking your data. I have verified my data on blockchain,info for the stellar free token because I trust this company and have been using blockchain.info wallet ever since I began trading and using Bitcoin, they are a compliant company so I gave it to them.

I think it depends on the team. If you are sure that the team is not going to to something strange with your personal information, you can provide it. I am sure that blockchain team will keep our data safe, but I would never risk my personal information for an Airdrop that is worth several bucks.

Is Airdrop's program over? I would really like to participate in it and get a little Stellar for free. I am not afraid to provide data to KYC. This data is already on the network because of my participation in the bounty campaigns.

There may be sources that indeed provide that the news was true of the presence of the official site. do not easily believe the news that many give the scam by reason of the token. It's been a lot going on and a lot of victims of identity theft. It is prone to and if it would be abused then it will only get a loss.

By being careful and studying and exploring a site, we can avoid fraud, so it's better to research and learn about these tokens. Many people offer, but all that is just the game, so be more careful and aware of the tricks they use.

For me, i tried to avoid any airdrop that asking me to do a KYC, i think that is not worth it, compared to something that we are offer.
That is too much price for just a few coins and they get our personal data.

but for the moment a lot of new people especially better see results and it is easy to fall into the trap. they do not do research or analysis that good so gullible directly with false promises of big allocation of sufficient coins have names. with the ignorance that makes the scammers easily exploit them to get what they want, namely the identity is valuable and at times will be abused.

I think this sacrifice depends on the type of things we follow. well, sometimes KYC becomes less necessary, even more so for small things. however, if that is important enough, I think sacrificing privacy is a good way.

It is you that could decide if you need the money, because on the part of the team they need to protect themselves now the fear of SEC is the beginning of Wisdom, looking at what Ripple is going through in court now and it is still undecided how the judgment would go in their favour. If you need the money take it

This generally sounds like something stupid if we say that KYC verification is necessary in order to provide evidence that tokens are distributed to a specific person. Who and why should the ICO team provide such data? This is complete nonsense. Tokens are not much different from any other product, and stating that merchants need to know who they are selling is stupid. You welcome the situation when we go into the store and in order to purchase any small change and we will be offered to first fill out a special noob form with your data? Do you think that this is different from the situation with cryptocurrency?

No. It is not definitely worth it for just some airdrop. It is better if you're gonna subsmit KYCs in bounty campaigns rather than airdrops. Because there are a lot of fake airdrops that also asks for KYC information so it is not going to be worth taking the risk.

Sacrificing privacy is important if the ICO requires a KYC to comply with the requirements of the project for its accreditation.  It truly depends on the individual if he thinks it is worth to sacrifice his privacy. KYC become an apparent tool for detecting fraudulent practices and preventing money laundering.

Its extremely important, the main idea of crypto is the decentralisation and the anonymity, where we don't need to provide our information which could be used to mislead or can be misused by other people, its not worth to sacrifice your privacy for money and we should encourage the developers to erase the kyc requirements to join the project

To identify multiple accounts, it is enough to use the check by IP-address. This is more effective and does not need to violate our privacy rights.
And what does KYC verification require for accreditation? In my opinion, this requires only the United States. Are so many ICO projects registered and conducted in the USA? Anonymous cryptocurrency has already begun to require the provision of much more confidential information than any other non-anonymous activity. Doesn't that seem to you?

One more the very important topic in cryptocurrency is privacy. I know many people are in cryptocurrency particularly because of privacy. At one time, privacy seem to be important feature for creating crypto asset, those days are now gone as people easily give up their privacy for stipends they may not able to cash out to bitcoin!

KYC will needed soon or later. Every company must be comply with rules from government and i think its good for investor. Investor will feel protected on their funds and i am believe kYC will good for cryptomarket

things that should be attached to the crypto as an anonymous start seeming to fade. many are willing to give anything if promised something big this time such as coins and does not think long would risk that they receive. supposed to be selective with the many projects there are made anonymous and basic priorities in the crypto starts strengthened again.

Yes, I agreed that privacy is very important. In the recent stellar airdrop by Blockchain.com, every user has to do KYC to receive USD 25 worth of stellar. I think it is not worth sending my personal data for this. However, I understand that this is to make sure that each user only receives one airdrop. Fair enough, I didn’t participate as I am uncomfortable, no hard feelings.

Unfortunately, many hunters are falling in to this trap giving their identity just to get those free altcoins and most victims are the newbies. I don't understand why they need to ask for KYC for airdrops where technically, you don't actually provided some money to them or not an investor right? I am only providing personal information to reputable exchanges but not to those scam airdrops where you only get shit coins and wasted your time.

If bitcoin was legal in my country, I would do the KYC. I don't think there would be many problems. Why are you thinking about it too much? Do you really care about your privacy? Well, I would happy to hear from you about your browser, social media you use, the search engine you use.

giving something away in exchange for data so that companies can continue to send you marketing is nothing new, its just another means of advertising / marketing

if I am, privacy is very important and needs to be maintained for ourselves or others. so sacrificing privacy is very objectionable and unimportant.

Actually, KYC is a good thing to do because it can decrease the scammers. But, sometimes the data that we give to them is misused. This is why we should be very careful in giving any personal information to anyone, we need to analyze it first.

In my opinion, if the ICO team or the developer are afraid to give their tokens to the wrong people (Maybe terrorists), then KYC is not effective. Criminals can buy tokens when tokens are on the exchange list, and they do not need to fill out KYC forms to buy tokens on the coin exchange.

       If it is legit team and they only request KYC just for verification purposes I think there's no problem with it , but if some people were being interested with other data and it will be used for their own good or interests , I think that's a valid reason to avoid KYC .

No crypto privacy will ever happen. Projects require confirmation of identity, exchanges require confirmation of identity ... In our world there is no anonymity, this applies to absolutely all business activities, including crypto. You just will not be able to work ..

It is incredibly important. I think anything that requires any sort of knowledge from me aside from a name or what not is too much and I do not deal with it. The possibility of some place having all my info and tons of info on other people is still incredibly scary.

You are afraid of people hacking exchanges to get your bitcoins which is a viable stress you can have however you are forgetting that almost all big exchanges now have KYC procedure and those do not really get saved any different and the hacker could get info on almost all people.

There has been breaches of information in many places online and people have really got their lives ruined because of them and here we are talking like some crypto company can keep all our info safer then all the other places. Not a chance.

For companies in doubt, it may be better to make a separate wallet, and a different address. So you will protect your main investment.

There are reasons why some asked for this. Maybe one of it is that the stellar devs dont want to give off some of their coins into cheaters and scammers and only want to distribute their coins on those real people. I know that privacy is important and giving off data to other people is a dangerous move but they dont care cause there is a reward token which can be exchange for money and thats matter for them.

As for me, giving those personal information just to get a few coins from airdrop isn't good enough.
I would surely avoid that kind of airdrop. but it would be different if i were to make an investment, i think it still acceptable to do a KYC.

I agree with this XLM airdrop. They don't use your privacy. They just hope that the coin will let more people know, but in order to prevent a person from getting multiple rewards, they can only pass KYC.

How can you be sure that they won't use your ID's upon submitting it?

You don't trust your identities with any of these online establishments unless they are listed locally. Though they are requiring to do it because they need to check those double applications so it won't be abused. But they can also abuse those requirements tbh.

You should never have to sacrifice your privacy for the sake of a currency, that is why we have cryptocurrencies in the first place. The majority of people that came into the market did so because they were sure that they were going to remain anonymous when they are using their currencies, any coin that wants you to sacrifice your privacy is not worth investing into

in my opinion not, the initial reason for blockchain is popular because anonymity cannot be traced. so everyone believes in this technology. so if now we have to sacrifice privacy it seems like it's all a setback from this technology

giving only private data to airdrop was not very feasible. and it's strange if someone does it. I think personal data is very important and we don't know what they will do with our data. so try to think again before giving your personal data.

this reason is also one of the things that burden me to do KYC on an exchange, airdrop/bounty program or gambling site. I think personal data is a very valuable thing (more valuable than anything). Even in the country where I live, many government officials use the personal data of their maids to buy a house, or a car and then use it to launder money.

       Airdrop is a free token given by a company just to make them popular or just to introduce the project and the team were really need a KYC as proof that the token or coins was given to a particular person and I think there's no problem if it is a legitimate company , but if you don't want to share your private data ,then it is better not to join .
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The problem is how can you be sure that this project or company is legit?, many of this Airdrop project appears to be real and legit, after a while or after distribution of their fake token, they will have access to some of the hunters address and one will letter be hearing stories like, I was scam or my wallet was hacked. I think personal details is a privacy that is not supposed to be given out anyhow, so let's just be careful and know who we are given our details to in order to be safe.

rules regarding data privacy have been regulated in many countries, that's just the reason ICO project owners or others require using KYC to find out who the recipients of their tokens are, in fact nowadays everyone can easily create shit tokens, they get your data just by exchange it for their shit token, is it worth it?

I also experienced the same as you, because in the past I followed a lot of devs from airdrop projects for KYC, now in my email I get a lot of spam messages and it's very annoying.

I think that free XLM giveaway was a scam. There are many such scams, I saw one recently for XRP too. There has been some discussion about giving ICP stakers airdrops of tokens launched on the internet computer but the danger is that these tokens could be malicious and drain your wallet, so be careful which tokens you interact with.