Bitcoin Forum

Economy => Economics => Topic started by: shannelcoin on April 03, 2019, 01:28:59 AM



Title: KYC for penny money?
Post by: shannelcoin on April 03, 2019, 01:28:59 AM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?


Title: Re: Think and search before you give everything!
Post by: passwordnow on April 03, 2019, 02:43:55 AM
If they are hungry for those pennies for the exchange of their identities, there are too things that's on my mind.

  • they don't own the identity
  • they are desperate

It's not worth it to exchange your any ID just for those airdrops or free cryptocurrencies that they offer. I always avoid those kind of posts and ignore people them on social medias.


Title: Re: KYC for penny money?
Post by: alisafidel58 on April 03, 2019, 06:10:44 AM
Those site cant be trusted at all because they could use your identity in some shady business without your permission. It's better to stay out than to be sorry.


Title: Re: KYC for penny money?
Post by: Bitinity on April 03, 2019, 06:30:03 AM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?

I heard about this since few weeks ago on Facebook, indeed there are many people share some giveaways that requires KYC in order to qualify. I myself wont do it for few bucks, it does not worth the risks of our personal data. Those who done it for penny money seems do not really care about the risks involved in such activity, they only care about the money. They are type of people who focus on looking for free money on the internet, as long as they do not need to spend money first then they will do it.


Title: Re: KYC for penny money?
Post by: Distinctin on April 03, 2019, 06:34:10 AM
How sure are you that they are giving their real identity?
Identity thief is happening, they can give other's identity just to have this small amount, or maybe edit pictures and change names just to avail.
They do a lot of trick, if those who ask for KYC for a penny think that they are smart, they will be outsmarted by the bounty hunters.


Title: Re: KYC for penny money?
Post by: peter0425 on April 03, 2019, 07:00:10 AM
Personally, I won't because I don't want to compromise my identify. But there are people who are willing, so I guess it's their choice to lose their personality and maybe found their data on the dark market. But I'm not one of them so I will not give out any information just for a peanut


Title: Re: KYC for penny money?
Post by: N0sferatu on April 03, 2019, 07:14:16 AM
People who believe that their identity is private and - so far - not known by any 3rd parties worldwide are just naive. (no offense)

Therefore, selling - already known - data seems pretty reasonable to me.


Title: Re: KYC for penny money?
Post by: capcaypro on April 03, 2019, 07:43:30 AM
Do not carelessly use our identity, I also do KYC after I will definitely receive money or valuable coins if there is no value, do not have to do KYC.


Title: Re: KYC for penny money?
Post by: mu_enrico on April 03, 2019, 08:04:54 AM
free cryptocurrency that needed of kyc before you get a penny money
It's basically not free because you are "selling" your identity for some amount of money. It depends on how much you value your identity actually. Some people happy to sell their identity for a mere $10. But for me, it must be way far more expensive than that.


Title: Re: KYC for penny money?
Post by: tweetbit on April 03, 2019, 08:24:58 AM

What's your thoughts about this?

“Think before you click”. This is shamelessly pitiful for those desperate people behind the accounts that are victimized by these opportunistic criminals. Sad to say we can’t track them on a personal level and we can’t stop them by just reporting them. They can do multiple accounts in seconds and do it on many platforms as possible.

Be cautious enough and act as a true matured man. Don’t be the fool.


Title: Re: KYC for penny money?
Post by: Naida_BR on April 03, 2019, 08:28:44 AM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?

I am against KYC all the way, even if it is for more money than just pennies.
We those this decentralized ecosystem because of the freedom to exchange value anonymously and openly. I don't get who desperate people can be in order to give their identity for some coins that would probably don't have any value.


Title: Re: KYC for penny money?
Post by: raidarksword on April 03, 2019, 08:31:30 AM
There are lots of airdrop requires to submit KYC in exchange of small amount of money and it is very alarming that the consequences are very cautious that there are using it to steal one's identity and use it in illegal. So, it's best to not get involved in that kind of matter to protect one's identity.


Title: Re: KYC for penny money?
Post by: manfredmann on April 03, 2019, 08:31:35 AM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?
yeah that is difficult when you give your activity just to earn a little money. It could be used in a different way where you could not control over it. One might get surprised if day an arrest warrant will be serve to such the identity was being used to do illegal transaction or the likes of it.


Title: Re: KYC for penny money?
Post by: stfN2128 on April 03, 2019, 08:31:56 AM
I dont understand people who give other their personal datas for pennys... sometimes for nothing. when i  do a kyc i check the company twice - also in nn crypto related things. better to be safe than giving away personal datas to a shady company


Title: Re: KYC for penny money?
Post by: Mometaskers on April 03, 2019, 09:30:14 AM
No such things as a free lunch. Or as the cliche goes, if it's free, you likely are the product.

And you said it yourself, pennies. Even with no KYC you surely could find something else worth your time.


Title: Re: KYC for penny money?
Post by: cryptjh on April 03, 2019, 09:48:37 AM
The only airdrop where I have done KYC was the blockchain stellar airdrop, I trust that exchange enough to give my KYC for $25, that airdrop I got, is now worth around$35 and I think it's still going on.
But I would never do a KYC to an unknow airdrop team. Many of those KYC is done just to steal your ID!


Title: Re: KYC for penny money?
Post by: jakelyson on April 03, 2019, 10:14:14 AM
They could sell your identity or use it for identity theft. It is not worth it giving away your personal information. We are in crypto because we like anonymity, so giving away your personal information goes against it.

Those who do KYC for penny usually submit fake information and IDs.


Title: Re: KYC for penny money?
Post by: Lucius on April 03, 2019, 10:34:02 AM
Although in principle I am not against KYC (Know your customer), in any case, be very careful when giving personal documents to anybody, and especially some less known / trusted companies. Misuse of data is very widespread today, the question is only to what extent someone is doing it. It is not same thing if your data is used for the purposes of targeted advertising, or that copy of your ID / passport is used in some illegal / criminal activities.

KYC on some trusted exchanges make some sense, although I would always choose a purchase in person or by ATM regardless of the higher fees, but with the aim of protecting privacy. However KYC for some shady airdrops which will may give you (or not) few $ is something you should not do, the possibility of damage is far greater than the possible benefits.


Title: Re: KYC for penny money?
Post by: Indrawan77 on April 03, 2019, 10:40:55 AM
I am not too favor of kyc, I think it's violated the crypto ideas, even if the secure and legit site asked, I will still think twice, when something happen and your identity is leaking then they will just apologise and move on while our identity is jeopardise on Internet, so its never a bright idea to sell your identity especially for a small money


Title: Re: KYC for penny money?
Post by: btc_angela on April 03, 2019, 11:03:35 AM
Common sense will tell us that you need to just pass KYC just because someone will airdrop something to you. Even in non-crypto engagement, your personal data should be protected by you. I'm also not favoured by passing it, maybe on just a couple fo trusted exchanges, but for penny? No. I wouldn't.


Title: Re: KYC for penny money?
Post by: CryptoMahfuz03 on April 03, 2019, 11:11:14 AM
I learnt this airdrop penny worth money hard way. Airdrop projects require the users to download app, completing social media tasks or referring people to their site. Airdrop money worth very little but they claim to pay you more token and saying that they will pay you that amount of token if they raised hard capital. But current market situation reveals that they don't keep their promise. Actually the token value is less than $1.

When it comes to downloading app, then I discover that my cellphone's storage keeps shrinking due to downloading many many apps required during airdrop campaign. Again the company requires the user to remain active on their app until the end of ICO. This wastes lots of time when finally the date of airdrop distribution comes.

Finally when it comes to completing KYC then the users need to provide their valid identity like government ID, national ID, Passport or even Bank statement. Bank statement is not free in many countries. If a person owns bank account then why they are searching for penny worth airdrop. No one knows what they are doing with your valuable KYC documents.


Title: Re: KYC for penny money?
Post by: iv4n on April 03, 2019, 11:37:07 AM
Well bottom line is that project have an offer, do what they want and they will give you something. Blockchain wallet said do KYC on your wallet and you will get 25 dollars stellar, or don`t do it and you will not get it. End line is that it`s our choice will we do KYC or not, doing that for pennies for sure now, but when some service that you use and you like to use ask you for kyc you need to pass it or you can`t use it.
I don`t participate in airdrops, it`s just a way to get to some worthless tokens, better to claim faucets than to participate in airdrops.


Title: Re: KYC for penny money?
Post by: dothebeats on April 03, 2019, 11:38:48 AM
This has surfaced for quite some time now and I don't think anyone in their sane minds would actually send KYC for a few pennies, unless some few desperate people who think that this is a good idea and that KYC is somewhat negligible for them, or those who have fake KYC documents stashed somewhere, ready to use in nefarious activities as soon as the moment is opportune. People should be wary that their identities are vital information that should not be shared easily in exchange for pennies as they might be framed up for theft and other illegal activities that nefarious people might use them to.

If you want to receive money from airdrop, choose those that don't require anyone to send personal information.


Title: Re: KYC for penny money?
Post by: pinoycash on April 03, 2019, 11:40:53 AM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?

Any unknown sites that asking for KYC in exchange for free cryptocurrency should be 100% be avoided. If you value your identity you should think twice before joining such opportunities. Identity Theft is a booming industry in the darknet and once they have your KYC Information they can do anything and the worst thing is they can run SCAM PROJECTS using your ID's


Title: Re: KYC for penny money?
Post by: The Sceptical Chymist on April 03, 2019, 11:41:18 AM
People who believe that their identity is private and - so far - not known by any 3rd parties worldwide are just naive. (no offense)

Therefore, selling - already known - data seems pretty reasonable to me.
Yeah, but how much personal data are we talking about here?  Name & address & photo are pretty much public information that I wouldn't consider too much to give out (if the reward was big enough).  Phone number/e-mail are iffy.  Anything beyond that, like social security number--hell no.  I've never done this for a giveaway, so I'm wondering if it's easy enough to give them false information and still get whatever it is they're giving away.  I'm sure plenty of freebie-hounds are at least trying it.

What the hell is "penny money" anyway?

I don't think anyone in their sane minds would actually send KYC for a few pennies, unless some few desperate people who think that this is a good idea
Me neither, but as I said it all depends on how much info is needed and how personal it is.  And in some countries, those 'pennies' have a lot more buying power than others.  I've often heard the phrase 'signature campaigns pay pennies', but that just isn't true.  There are places on this planet where you can feed yourself for less than $1/day, so I'd imagine people in them would do a lot for what we'd consider very little.


Title: Re: KYC for penny money?
Post by: TheNewAnon135246 on April 03, 2019, 11:46:31 AM
Blockchain.info is trying to make people submit KYC by giving them $25 in XLM in return. I didn't like them before they started that "promotion" but that is a huge red flag for me. Avoid them like the plague.


Title: Re: KYC for penny money?
Post by: Gabteb on April 03, 2019, 11:51:56 AM
Yep pennies don't worth it 100% when you give your documents to others then there must be at least 100,200$ and even more it's a big risk we don't know how it can be used in future we know how companies sell it and sometimes after hacking of exchanges hackers start to sell our doc. in the darknet,this has happened many times.


Title: Re: KYC for penny money?
Post by: ralle14 on April 03, 2019, 12:08:03 PM
Even if the reward is bigger than pennies I wouldn't give my personal information to people I don't know. Others are careless about their personal information few days ago when the forum asked KYC as an april fools joke there's a couple of people who did submit their info. We don't know what these people are going through maybe they really need the money and have no time.


Title: Re: Think and search before you give everything!
Post by: Zadicar on April 03, 2019, 12:16:14 PM
If they are hungry for those pennies for the exchange of their identities, there are too things that's on my mind.

  • they don't own the identity
  • they are desperate

It's not worth it to exchange your any ID just for those airdrops or free cryptocurrencies that they offer. I always avoid those kind of posts and ignore people them on social medias.

The only reasons why do people dive in with those pennies.Lets say that its really dumb to give out personal info just for pennies but there
are really people who are that dumb and desperate enough to do such thing.Well, its their own identity to be risk not ours but its not just right
to consider to make such action.


Title: Re: KYC for penny money?
Post by: stompix on April 03, 2019, 12:53:33 PM
People who believe that their identity is private and - so far - not known by any 3rd parties worldwide are just naive. (no offense)

Therefore, selling - already known - data seems pretty reasonable to me.
Yeah, but how much personal data are we talking about here?  Name & address & photo are pretty much public information that I wouldn't consider too much to give out (if the reward was big enough).  Phone number/e-mail are iffy.  Anything beyond that, like social security number--hell no.  I've never done this for a giveaway, so I'm wondering if it's easy enough to give them false information and still get whatever it is they're giving away.  I'm sure plenty of freebie-hounds are at least trying it.

I've never participated in any ICO but judging from the KYC prank thread there were a few guys who submitted pictures of themselves holding their id cards, so probably a lot of ICOs require a selfie and a copy of your valid id.

With that information you can do a lot of things, from opening verified accounts on betting websites, paypal, amazon, eBay, buying debit cards, a lot, a lot of things even in the hands of a newbie that had just stumbled upon it.
And not even going professional here, you can use them exactly for the thing you thought about, to create more accounts on other ICOs airdrops that require KYC :P

But once we're past the point of amateur scams, ignoring the fact you can outright sell them, you can use those ids for much more, from actually emptying the victim's bank accounts to taking loans on their names. And those ones are going to hurt you even if you're dirt poor.


This has surfaced for quite some time now and I don't think anyone in their sane minds would actually send KYC for a few pennies, unless some few (a lot, you have no idea how many) desperate people who think that this is a good idea and that KYC is somewhat negligible for them,

There was one little mistake in your post. I fixed it for you!


Title: Re: Think and search before you give everything!
Post by: Xampeuu on April 03, 2019, 01:08:00 PM
If they are hungry for those pennies for the exchange of their identities, there are too things that's on my mind.

  • they don't own the identity
  • they are desperate

It's not worth it to exchange your any ID just for those airdrops or free cryptocurrencies that they offer. I always avoid those kind of posts and ignore people them on social medias.

The only reasons why do people dive in with those pennies.Lets say that its really dumb to give out personal info just for pennies but there
are really people who are that dumb and desperate enough to do such thing.Well, its their own identity to be risk not ours but its not just right
to consider to make such action.
the risk is greater than the reward that will be received, of course this is not comparable if we provide a personal identity, id is very priceless then use it for something that is really right


Title: Re: KYC for penny money?
Post by: sidkz on April 03, 2019, 01:29:50 PM
I do not send my data to anywhere, be it a bounty company, or even a stock exchange, there is even an exchange where I have 0.52ETH left, and they ask me for KYC,

I advise everyone not to go through KYC either, because it’s not known how they will use your data


Title: Re: KYC for penny money?
Post by: Kemarit on April 03, 2019, 01:31:51 PM
Haven't they heard this news? Hacked Customer Data From World Leading Cryptocurrency Exchanges For Sale On The Dark Web? (https://www.ccn.com/hacked-customer-data-from-world-leading-cryptocurrency-exchanges-for-sale-on-the-dark-web) and it was discussed in this thread. (https://bitcointalk.org/index.php?topic=5099937.0/) So I really don't understand why would someone take the risk of sending their full information to someone they didn't know. Just used our common sense here and everyone will be fine. But if greed sets in, and you wanted to earn money even for a penny then something is wrong with those guys. Worst case scenario, police knocking on your door and have warrants for your arrest because 'someone' pretending to be you, committed fraud.


Title: Re: KYC for penny money?
Post by: anggi on April 03, 2019, 01:38:46 PM
well, I also sometimes choose to do KYC. if that is a natural thing, then of course I will. however, for something like that, I sometimes won't do it, especially on HYIP sites. well, being careful is what we need to do.


Title: Re: KYC for penny money?
Post by: Beerwizzard on April 03, 2019, 02:49:28 PM
Yeah it's free but your identity will be possible to use in any harmful doings.
Let me tell you a secret:
Those scans of your ID are not worth anything. Otherwise people, that work in governmental bodies that issue those IDs would become billionaires. Your ID is also stored in many other services, including your employer, police, governmental funds and many other organizations and no one is giving a fuck about it. If it had any worth then your ID would be already stolen a dozen times.


Title: Re: KYC for penny money?
Post by: CoinEraser on April 03, 2019, 03:36:55 PM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?

For me cryptocurrencys still means anonymity and this should not give up anyone for a few cents. Even though many people give wrong or stolen information, it doesn't make it any better. KYC breaks down the annonimity of crypto very strongly and everyone should think twice about doing it for a few cents. My opinion about KYC is still very negative and for a few cents i will never give personal information.  ;)


Title: Re: KYC for penny money?
Post by: coinplus on April 03, 2019, 03:52:55 PM
It is super dangerous to believe in these type of projects. We have seen with facebook and Cambridge Analytica what the data storage could cause, giving away all your information to one place in exchange of small chump change will never lead to anything good for you.

The money you receive is at the expense of your privacy and it never really worth it. Not even thousands of dollars would be enough to cover the damage that could be done with that type of data at the hands of someone bad and noone good would really want to have your information anyway.

KYC is the root of evil in bitcoin world because bitcoin and crypto was created for being anon and not having to deal with the governments whereas KYC is literally counter productive on that sense. Keep your information to yourself.


Title: Re: KYC for penny money?
Post by: kaya11 on April 03, 2019, 04:21:06 PM
This is one of the big problems and a redflag for KYC in bounties if the owners of the Identity sent was orginal and not fake. We can't be sure what they may do to their identities-sell them, or even used them as a KYC too to other bounties, and it will be like a networking of KYC, and we can't know who is who. There are lot of tools in editing pictures and important files, so I think the better KYC procedure would be a video KYC-or even better a live video with the bounty manager or even the devs themselves.


Title: Re: KYC for penny money?
Post by: bering on April 03, 2019, 04:56:58 PM
I personally will never give my KYC for penny money but indeed all of it depend on the person themself that based on my personal experience in my country some of people does not too care if they submit their identity to the particular giveaway and as long they get those money seems they didn't care about the risk of it


Title: Re: KYC for penny money?
Post by: harizen on April 03, 2019, 07:51:09 PM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?

Setting aside privacy, that will be a hassle way for just a single penny.

In other words, not worth it. KYC's are not instant. Sometimes it will takes months especially if the submitted documents is quiet not reached the company's criteria.

Didn't know there are thing like that creates massive feeds on social media. Mind giving me some examples via PM?


Title: Re: KYC for penny money?
Post by: Oilacris on April 03, 2019, 08:03:01 PM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?

Setting aside privacy, that will be a hassle way for just a single penny.

In other words, not worth it. KYC's are not instant. Sometimes it will takes months especially if the submitted documents is quiet not reached the company's criteria.

Didn't know there are thing like that creates massive feeds on social media. Mind giving me some examples via PM?
Maybe those links being shared out are referral ones because usually when you do look some people post it then most likely
it do connects with invitation on possibly to earn more but giveaways doesnt work on this way, just like on what we saw on Stellar
giveaway by blockchain.


Title: Re: KYC for penny money?
Post by: gowobonyok on April 04, 2019, 12:00:24 AM
and even the coins have not been registered in the market exchanger, so I think it is not very effective when we have to send our full identity, while we have not get anything, or even nothing.


Title: Re: Think and search before you give everything!
Post by: passwordnow on April 04, 2019, 10:04:11 AM
If they are hungry for those pennies for the exchange of their identities, there are too things that's on my mind.

  • they don't own the identity
  • they are desperate

It's not worth it to exchange your any ID just for those airdrops or free cryptocurrencies that they offer. I always avoid those kind of posts and ignore people them on social medias.

The only reasons why do people dive in with those pennies.Lets say that its really dumb to give out personal info just for pennies but there
are really people who are that dumb and desperate enough to do such thing.Well, its their own identity to be risk not ours but its not just right
to consider to make such action.
Yes, I've included that because it was I saw from those people who were into airdrops. I can't blame them for having that kind of mentality because of the sudden surge of airdrop treasures on 2017. There were reports before that some of the airdrops during that time became gold and has given decent profit more than $1,000. In that experience, I think it is the reason that encourages them to dealt and risk their IDs in exchange of those tokens that doesn't have clear future results.


Title: Re: KYC for penny money?
Post by: goaldigger on April 04, 2019, 10:36:07 AM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?


Its obviously a scam. Dont believe in getting free cryptos in exchange of your identity. The little giveaways is not worth it. Besides, why do you believe in such a way knowing it obviously a scam? Dont divulge your information in any sites except for those trusted ones. Its better to be safe than sorry.


Title: Re: KYC for penny money?
Post by: freedomgo on April 04, 2019, 11:36:01 AM
Value your information more than the penny you will get.

If you are willing to follow the KYC and give your personal information, you might be surprise in the future that your name are attached with some crime or a possible illegal activities. We have to be smart and careful, we like easy money but we should carefully analyze the risk on giving our information.


Title: Re: KYC for penny money?
Post by: Disaster435 on April 04, 2019, 11:58:02 AM
I always thought bitcoin and cryptocurrencies are originated to be anonymous, which are their main advantages in addition to speed. Unfortunately, soon that will be controlled the same way bankster control the rest of society.


Title: Re: KYC for penny money?
Post by: Ranly123 on April 04, 2019, 12:09:19 PM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?

That's right, giving your personal data just for a penny is a bit too risky for yourself. It's better to avoid this kind of transactions to prevent exposing your personal identity unless it's worth the return for the risk.


Title: Re: KYC for penny money?
Post by: Kiweikoo on April 04, 2019, 01:56:12 PM
A lot of projects are like that, they pay pennies for the airdrop. But as for the KYC, doing that for a worthless amount is never worth it, you're wasting your time and taking risk at the same time. And there are some of them that will not pay you for the airdrop and they will steal the info you've given to them. So, just be skipping any one that requires KYC.


Title: Re: KYC for penny money?
Post by: Reid on April 04, 2019, 02:23:12 PM
It is not a wise move but there are people who really need that penny.
I am against it though. I want my privacy to be kept as always and that is why I chose crypto currencies as my money.

It will be their problem someday.
It can be used for bounty joining and used their profile as if it is really them.

I would rather work in a company than scatter my information in the internet.


Title: Re: KYC for penny money?
Post by: thinkright on April 04, 2019, 02:27:42 PM
Even with bounty program that has a higher reward at stake, it sometimes frustrating and uncomfortable going through KYC verification and how much for airdrops. It boils down to how is conscious about his/her private personal information.


Title: Re: KYC for penny money?
Post by: Apes on April 04, 2019, 02:31:59 PM
they do KYC using false identities. they do simply by collecting the penny with the reveral or multiple account method. the whole penny if collected will be many. some of them are actually scaming fake identties. so guess who is really stupid now.
or they were just a kids who are searching penny for snacks. they can use anyone's identity without thinking about the impact.


Title: Re: KYC for penny money?
Post by: Crypdon on April 04, 2019, 09:05:27 PM
It's only worth doing KYC for good bounties and for signing up on good quality exchanges like coinbase. Otherwise, giving up your ID for a few pennies is not worth the risk, considering they can sell it on the black market to drug dealers or worse


Title: Re: KYC for penny money?
Post by: richminded on April 04, 2019, 09:47:48 PM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?
I don’t participate on any free token ads because i know its just a waste of time, and its too risky to give your personal identity for a no value token. I also believe on hard work so if you want to have more money then you have to work on it, don’t depend on any free in this cryptoworld the best money can be earn through hard work.


Title: Re: KYC for penny money?
Post by: Huskarls on April 04, 2019, 11:56:19 PM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?

yes maybe they already know the risks they will face but I guess they also won't think too much about it. They might think "Who will use identity for criminal matters especially in international class?"

I think the problem is when you used your identity to your own country's project. Our own people often to missused it



Title: Re: KYC for penny money?
Post by: beckspace on April 05, 2019, 01:00:52 AM
Almost for every bounty and airdrop they want KYC. It's not worth KYC for penny money. When we imagine what they can do with our identity data, it is possible to big problems. In addition not only the identification is requested, but  the address documents, telephone and so on. as.  So, all that's needed for what? KYC may be only be for investors, never for bounty rewards.


Title: Re: KYC for penny money?
Post by: shoreno on April 05, 2019, 01:44:14 AM
its not pennny that you will be earning on an airdrop/bounty especially if they will require a kyc  . i stumbled upon different legit bounties and they are all promising but requires a kyc . i bet they are all worth it but the problem is that i cant do a kyc because kyc seems strict when it comes to id  requirements . while i have joined alot of projects before without kyc's and i dont earn even penny on them because they dont have a value  . the coins dont get listed on an exchange  . shocks ,


Title: Re: KYC for penny money?
Post by: Distinctin on April 05, 2019, 01:57:39 AM
Almost for every bounty and airdrop they want KYC. It's not worth KYC for penny money. When we imagine what they can do with our identity data, it is possible to big problems. In addition not only the identification is requested, but  the address documents, telephone and so on. as.  So, all that's needed for what? KYC may be only be for investors, never for bounty rewards.
Unfortunately most of the bounty now requires KYC.
And because of this, those bounty hunters who really want to earn money are force to comply without anymore thinking that they are risking
their identity by giving their real information. Things should change, if a certain exchange that is reputable would require, then maybe that is acceptable.


Title: Re: KYC for penny money?
Post by: umbara ardian on April 05, 2019, 03:37:58 AM
Almost for every bounty and airdrop they want KYC. It's not worth KYC for penny money. When we imagine what they can do with our identity data, it is possible to big problems. In addition not only the identification is requested, but  the address documents, telephone and so on. as.  So, all that's needed for what? KYC may be only be for investors, never for bounty rewards.
It is true that the existence of KYC can provide a solution to avoid bounty campaign and airdrop participants so that they do not cheat so that the distribution of bounty campaigns becomes more fair. but from that condition it can also make your identity dangerous because they certainly know your privacy.


Title: Re: Think and search before you give everything!
Post by: darklus123 on April 05, 2019, 04:29:05 AM
If they are hungry for those pennies for the exchange of their identities, there are too things that's on my mind.

  • they don't own the identity
  • they are desperate

It's not worth it to exchange your any ID just for those airdrops or free cryptocurrencies that they offer. I always avoid those kind of posts and ignore people them on social medias.


Then this could be a real big problem. If it is really proven that this certain people uses other person's identity then whoever owns the personal information is  currently at risk.

This is quite not possible tho to trick or give other person's info since if we do talk about KYC protocol it requires users to upload or scan their government's valid ID.


If you are avoiding them I am doing differently, I usually tell them to stop it or you might become a target of identity thief it is better to still do something and warn any possible victims


Title: Re: KYC for penny money?
Post by: Tylev on April 05, 2019, 04:38:06 AM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?
I don’t understand why anyone would require a KYC check for those to whom they distribute their several tokens for free. This is nonsense on the verge of absurdity. In my opinion, this has long since surpassed common sense. In any case, it is impossible to explain such actions with the help of logic, the most logical is that people who give their few tokens hunt for the confidential data of others.


Title: Re: KYC for penny money?
Post by: zikzag on April 05, 2019, 06:45:21 AM
I don’t understand why to transfer personal data to the network for tokens of a dubious project. Which will probably cost a penny. I'd rather buy tokens on the stock exchange without KYC.


Title: Re: KYC for penny money?
Post by: karloscimot on April 05, 2019, 07:32:15 PM
If it is necessary to rate the legalization of the token holder in more than specified amount. I agree to that, but for small holders - it will not affect their long-term Tokenomic system, this does not seem right on target. And now Kyc is even more complicated because it involves identity through biometric data. For just penny money, this should not be needed, but it is indeed useful to minimize forgery of identity which is considered too easy.


Title: Re: KYC for penny money?
Post by: Moshaid on April 05, 2019, 10:47:59 PM
I don't see a reason why users should exchange their personal data for such kind of reward either huge or small. Everything is all about risk in the Crypto space if you feel you want to give out your personal data for exchange of your airdrop or bounty token or even purchasing of ico's online then it should be at such user risk. Although those parties involved would be putting out some agreements that users details are safe and others but have you thought about the fact that nothing is hideous online if only it doesn't want to found?. Investors and hunters need to be careful while giving out their kyc document. KYC is legal but dangerous. 


Title: Re: KYC for penny money?
Post by: mrdeposit on April 05, 2019, 11:51:30 PM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?
If the identity is worth penny, send it. lol
I actually saw a lot of people who did this (Probably the countries where the USD is worthy).


Title: Re: Think and search before you give everything!
Post by: Oasisman on April 05, 2019, 11:57:20 PM
If they are hungry for those pennies for the exchange of their identities, there are too things that's on my mind.

  • they don't own the identity
  • they are desperate

It's not worth it to exchange your any ID just for those airdrops or free cryptocurrencies that they offer. I always avoid those kind of posts and ignore people them on social medias.


That explains everything.
Most of them are just desperate, trying to make a living out of bounty campaigns.
We even doubt to pass KYC verification to known exchanges, I dont understand why these people risks their essential info to the people over the internet.


Title: Re: KYC for penny money?
Post by: finaleshot2016 on April 06, 2019, 02:20:42 AM
I really don't prefer to have a KYC for just a small amount of money especially when you're just a bounty hunter that works anonymously. I don't think it's a good idea for us to give our personal information even we're not investors that must have a contact with the devs. We bounty hunters should have contact only to the bounty manager and he will be the one to distribute the said payment, so BTC payment is preferable than their coin.

If they are hungry for those pennies for the exchange of their identities, there are too things that's on my mind.

  • they don't own the identity
  • they are desperate

It's not worth it to exchange your any ID just for those airdrops or free cryptocurrencies that they offer. I always avoid those kind of posts and ignore people them on social medias.


That explains everything.
Most of them are just desperate, trying to make a living out of bounty campaigns.
We even doubt to pass KYC verification to known exchanges, I dont understand why these people risks their essential info to the people over the internet.

True, I don't really understand why they keep uploading information on the internet. Your life can be fvcked up by someone with that info.


Title: Re: KYC for penny money?
Post by: prtty2gal2 on April 06, 2019, 04:43:07 AM
I learnt this airdrop penny worth money hard way. Airdrop projects require the users to download app, completing social media tasks or referring people to their site. Airdrop money worth very little but they claim to pay you more token and saying that they will pay you that amount of token if they raised hard capital. But current market situation reveals that they don't keep their promise. Actually the token value is less than $1.

When it comes to downloading app, then I discover that my cellphone's storage keeps shrinking due to downloading many many apps required during airdrop campaign. Again the company requires the user to remain active on their app until the end of ICO. This wastes lots of time when finally the date of airdrop distribution comes.

Finally when it comes to completing KYC then the users need to provide their valid identity like government ID, national ID, Passport or even Bank statement. Bank statement is not free in many countries. If a person owns bank account then why they are searching for penny worth airdrop. No one knows what they are doing with your valuable KYC documents.
Some of them will never say how much they will pay you in dollars, instead they will be mentioning it in tokens . They will call #50,000 tokens and you will think that it is a lot of money, only for you to waste your precious time and at the end you will find out the #50,000 tokens they are talking about is worth not more than $1. I don’t even have the time for such ICOs , there are more important ones to focus on and that’s the ones that doesn’t do all that sh** they are doing.

It is really a stupid thing for anyone to do, you can’t be giving out your info for nothing. It’s best for you to avoid ICOs that request KYC to be done before you’re part of the campaign. You as a bounty Hunter shouldn’t be given out your info to anyone , it’s  only their inevstors that are buying the coin that should be asked for KYC.


Title: Re: KYC for penny money?
Post by: BeGoods on April 06, 2019, 05:39:45 AM
I don’t understand why to transfer personal data to the network for tokens of a dubious project. Which will probably cost a penny. I'd rather buy tokens on the stock exchange without KYC.
it's better lol, it shouldn't be a bounty requiring KYC for their participants, if they want to avoid abusing, then use better technology to verify that everyone has just one account. I don't like KYC honestly , and I prefer to be an investor rather than having to do KYC


Title: Re: KYC for penny money?
Post by: Irvinn on April 06, 2019, 06:24:10 AM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?
People will send their identification data to the KYC for review until they are burned or when such an inspection is not regulated by law or other regulations. Now there is an abnormal situation, when practically everyone for several dollars in a cryptocurrency can collect confidential data of citizens. There is a logical question why they do it. KYC checks should only be carried out with the aim of preventing dirty money laundering and combating the financing of terrorism. In this case, such circumstances are absent completely. Therefore, it is most logical to assume that this data is collected for mercenary purposes.
The second question is what these small teams do with the collected confidential data of citizens, where and for how long they are going to keep them, whether they are responsible for their safety. You will not get their answers to these logical questions.


Title: Re: KYC for penny money?
Post by: BestSSS on April 06, 2019, 06:33:47 AM
The passage of the kyc procedure in promising projects still makes sense, but for the airdrops of which there are hundreds today and none of them gave you more than a dollar, I just do not see the point of doing it!!
Why should we provide our data to any passer-by only if he says that he will give us unnecessary tokens.
This is comparable to the situation on the street when any passer-by will ask you for documents before buying 1 Apple, which will disappear in an hour.
I wasn't going to and I'm not going to do that.


Title: Re: KYC for penny money?
Post by: btccrusher on April 06, 2019, 07:28:09 AM
Well, it depends on a different perspective. Don't only think about rich countries, think about 3rd world countries too. I know many places where people struggling to live, and there a $10 can bring them a weeks food which is a tough job to earn in those countries. So a free $10 airdrop (or bounty) could be very helpful even if they need a KYC.


Title: Re: KYC for penny money?
Post by: lienfaye on April 06, 2019, 08:33:27 AM
Why would you give out your identity for just a penny?

I think those people who will bite the offer are just desperate to have money, or they are not aware of how kyc can harm their privacy if it was used by malicious acts.

Its better to participate in a genuine project who will give you reward after the effort you did for advertising their project and not in a free token that put your identity at risk.


 


Title: Re: KYC for penny money?
Post by: Oceat on April 06, 2019, 09:22:52 AM
Well most of them are greedy for a small penny because they know how to get it without putting their personal identity in danger. Which means they can easily fake their identity and give it to someone but the real question. Is that small penny worth it in the long run or it is just for a short period of time and sooner or later it will get dump by devs and investors?


Title: Re: KYC for penny money?
Post by: maxreish on April 06, 2019, 09:54:57 AM
I've joined some telegram groups and I was just really pissed off with some of the member there who are encouraging us [new members] to pass some KYC infos in exchange of some small dollars. But I wasn't that stupid to fall for that kind of service just for the payments. Anyway, it is up for the them if they will gonna do KYC. I guess they badly need money.


Title: Re: KYC for penny money?
Post by: usorin on April 06, 2019, 11:29:58 AM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?
You can never be too careful regarding the identity safety regardless the amount of money.


Title: Re: KYC for penny money?
Post by: meanwords on April 06, 2019, 11:48:27 AM
Dumbest thing that people could possibly do for some pennies. They are either desperate or are dump to really give our information about themselves. I just ignore those kinds of "free cryptocurrency" because most of them are scams that horde as much information as possible and sell it. 


Title: Re: KYC for penny money?
Post by: michellee on April 06, 2019, 12:10:24 PM
But that is what happens so far. Many people still chasing the airdrop programs which require KYC to pass their verification so they can send the token to bounty hunters. I think it's not worth it because we don't know what will they going to do with our ID. The worst is they can sell the ID for another purpose or the hacker can get that database from every people who join in the project and use it for illegal things. I cannot imagine if they can do many things with our IDs.


Title: Re: KYC for penny money?
Post by: slaman29 on April 06, 2019, 12:13:38 PM
I don’t understand why anyone would require a KYC check for those to whom they distribute their several tokens for free. This is nonsense on the verge of absurdity. In my opinion, this has long since surpassed common sense. In any case, it is impossible to explain such actions with the help of logic, the most logical is that people who give their few tokens hunt for the confidential data of others.

Why is everyone asking about this over and over and ignoring all the answers?

Understand what KYC is (simple, know your customer) and understand that if tokens = money, then you are basically giving money to people you don't know well if you don't ask them to perform KYC. In financial terms, it is a risk of possible money laundering. I give 1 example.

Criminals who use dirty money to buy bots or pay other people to earn tokens from bounties. They get their tokens all pooled and sell them off for clean money. And nothing to link them to the activity.


Title: Re: KYC for penny money?
Post by: Adriano2010 on April 06, 2019, 12:31:22 PM
It not worth to make KYC for every website just to get some money, because no one can know what they will do with your identity, maybe they will sell it for a lot of money and you get just some low money.


Title: Re: KYC for penny money?
Post by: Ailmand on April 06, 2019, 03:40:47 PM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?


It's a risk to entrust them our personal identity and information. We should choose where to join. I wonder why they have to ask for a KYC if they're just offering free money. We should not trust them easily if it involves our personal information. 


Title: Re: KYC for penny money?
Post by: JohnBitCo on April 07, 2019, 04:53:48 AM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?


It's a risk to entrust them our personal identity and information. We should choose where to join. I wonder why they have to ask for a KYC if they're just offering free money. We should not trust them easily if it involves our personal information. 

The main purpose of KYC is to reduce the risk of money laundering. Exchanges should make KYC mandatory as this step will be beneficial for all.
On the other hand, I have seen small ICOs and airdrops requires that you first do KYC before the free tokens will be deposited to you. I never understand the logic behind it and also those free airdrop tokens have zero monetary value.


Title: Re: KYC for penny money?
Post by: yulchatar on April 07, 2019, 12:47:29 PM
I'm sure that no one penny is worth it to publish your personal data. Another thing is when KYC is required for investors. In this case, this measure is valid. Personally, I wouldn't sell my data for pennies, in addition on unknown sites.


Title: Re: KYC for penny money?
Post by: shesheboy on April 07, 2019, 01:08:07 PM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?


It's a risk to entrust them our personal identity and information. We should choose where to join. I wonder why they have to ask for a KYC if they're just offering free money. We should not trust them easily if it involves our personal information.  

The main purpose of KYC is to reduce the risk of money laundering. Exchanges should make KYC mandatory as this step will be beneficial for all.
On the other hand, I have seen small ICOs and airdrops requires that you first do KYC before the free tokens will be deposited to you. I never understand the logic behind it and also those free airdrop tokens have zero monetary value.

the logic is simple , they want to filter abusers in the form of kyc  . it was effective by the way because alot of people including me are now avoiding them . we cant tell if they have a zero monetary value because if they did then they dont include kyc at the first place  . they dont want to give people a hassel for a zero valued token  .  we dont know if they have other purpose for getting our private info's   . we must be extra carefull tho .


Title: Re: KYC for penny money?
Post by: babarian on April 07, 2019, 01:35:37 PM
pennies? it seems like that, sometimes nowadays being a bounty hunter does not promise income according to expectations, sometimes it is a KYC document that we submit only for pennies or not even paid at all.


Title: Re: KYC for penny money?
Post by: shield132 on April 07, 2019, 01:50:47 PM
Although in principle I am not against KYC (Know your customer), in any case, be very careful when giving personal documents to anybody, and especially some less known / trusted companies. Misuse of data is very widespread today, the question is only to what extent someone is doing it. It is not same thing if your data is used for the purposes of targeted advertising, or that copy of your ID / passport is used in some illegal / criminal activities.

KYC on some trusted exchanges make some sense, although I would always choose a purchase in person or by ATM regardless of the higher fees, but with the aim of protecting privacy. However KYC for some shady airdrops which will may give you (or not) few $ is something you should not do, the possibility of damage is far greater than the possible benefits.
You have to fill KYC documents if you want bank account, start work and etc, if any service where your KYC documents are uploaded gets leaked, then it means they are in hand of shady people/company. I can't see any logic why it's better to pay insane fees on bitcoin ATM and don't upload KYC to use normal exchanger. If you don't want to be connected to bitcoin or crypto formally, then yeah, I understand.
OP there are a lot of people who don't care about their privacy, some cents worth more for them than their identity, usually such people are very poor or uneducated.


Title: Re: KYC for penny money?
Post by: Hamphser on April 07, 2019, 03:01:05 PM
pennies? it seems like that, sometimes nowadays being a bounty hunter does not promise income according to expectations, sometimes it is a KYC document that we submit only for pennies or not even paid at all.
Sad reality do happen on most bounty hunters.Sending out KYC for having the compliance without even knowing or assure that they would
able to be paid out or not.There are offers which give some pennies but in exchange you would need to comply full KYC which is total BS in total sense.
Crypto is made for decentralization thats why it becomes famous and kyc is just out of the field.


Title: Re: KYC for penny money?
Post by: jjjfff on April 07, 2019, 03:07:11 PM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?


It's a risk to entrust them our personal identity and information. We should choose where to join. I wonder why they have to ask for a KYC if they're just offering free money. We should not trust them easily if it involves our personal information. 

I agree. Too many suspicious crypto projects are using the KYC excuse to mine tons of personal data.

With an authentic ID card copy or passport you can open accounts in online banks and do all sorts of damage. Collecting these is great business.

Don't ever send your documents to untrusted projects.


Title: Re: KYC for penny money?
Post by: mace15 on April 07, 2019, 03:58:00 PM
pennies? it seems like that, sometimes nowadays being a bounty hunter does not promise income according to expectations, sometimes it is a KYC document that we submit only for pennies or not even paid at all.
This is the reality, they required bounty hunters to provide kyc and get nothing at all. We should be very careful for those not legit project spreading across in crypto. Kyc for penny is not really worth it because for some they use the identity of others. So let us be vigilant when following the tasks in the project to earn.


Title: Re: KYC for penny money?
Post by: EdenHazard on April 07, 2019, 04:39:41 PM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?
I thought an airdrop hunter just focus on money whatever that should he fill then they will fill it. They will ignore how important their identity to be used, and I confident they haven't know there are some people who will use their identity to be used as a thing which will harm other people even themselves for sure. There aren't deterrent effect for this cases, they haven't found something which will harm themselves until now so as whatever amount of money they will accept even though they have to fill KYC they will fill it easily. 


Title: Re: KYC for penny money?
Post by: vixcious on April 07, 2019, 05:13:28 PM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?
KYC is really an unnecessary thing. that's just an excuse for bounties and they use our personal information to sell to other businesses. We must not give your personal information to anyone, it is my sincere advice.
When you trade in a large exchange, you can KYC because it's something worth sending your KYC.


Title: Re: KYC for penny money?
Post by: Ezenwanyi1 on April 07, 2019, 06:28:08 PM
In as much as I believe that kyc is important and is  becoming an integral part of the cryptosphere transactions.
I do think that asking for kyc process  for penny money is unfair to people.


Title: Re: KYC for penny money?
Post by: dimox on April 07, 2019, 10:13:05 PM
actually we already have this problem, like some site want to know your detail of information. and how smart we are to choice about where i can put my identity? its up to every people want to do it or not. but for some people its never mind if put their information in something with that risk.


Title: Re: KYC for penny money?
Post by: btc-facebook on April 07, 2019, 11:11:33 PM
I highly prevent something like this. I don't want to give my identity just for a pennies. There's so many airdrop and giveaway program that required KYC as the condition of those program nowadays. They didn't know what would happen if their identity will used for bad things.


Title: Re: KYC for penny money?
Post by: hahay on April 07, 2019, 11:23:06 PM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?
All kinds of methods like that have happened and free money hunters are indeed very enthusiastic about the event like that. I am personally not interested in participating, anyway personal identity is very important to be well guarded and if only to get free money at the expense of personal identity, then I think it is totally not worthy after knowing a lot of news or negative information about misused KYC. Be careful


Title: Re: KYC for penny money?
Post by: daniel08 on April 08, 2019, 12:32:58 AM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?
Those people are new to that kind of earning money , they do not know what will happen to their identity once they completed the KYC process just to have a little amount of money. And surely they will advertise their earning and starts to recruit other people and makes referrals through their identities. It is like earning money in faucets but too small amount of money can be earn.


Title: Re: KYC for penny money?
Post by: 1BTC EQUALS 1CAR on April 08, 2019, 01:45:38 AM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?



I remember many sites have done that by submitting your documents to do KYC in order to receive their offered 'free' tokens. I will understand people if they fell on it back in 2017 or before but man, we are now in 2019. There were so many warnings in 2018 that we need to be very cautious of these scammy offerings.


Title: Re: KYC for penny money?
Post by: Distinctin on April 08, 2019, 04:33:11 AM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?



I remember many sites have done that by submitting your documents to do KYC in order to receive their offered 'free' tokens. I will understand people if they fell on it back in 2017 or before but man, we are now in 2019. There were so many warnings in 2018 that we need to be very cautious of these scammy offerings.
More scammers results to big risk.
That's our personal information, we gave them voluntarily for free tokens which we don't know if it will have a good value.
We have to be more mature now, this market is not risk free, you have to understand what you are risking.


Title: Re: KYC for penny money?
Post by: Tylev on April 13, 2019, 06:45:30 AM
I highly prevent something like this. I don't want to give my identity just for a pennies. There's so many airdrop and giveaway program that required KYC as the condition of those program nowadays. They didn't know what would happen if their identity will used for bad things.
I can’t understand the logic of those who, for a few of their free and virtually worthless tokens, require a KYC check. After all, they themselves do not need to do this. Why do they need these additional problems? It turns out that they are interested in collecting such information. In a different way than self-interest in collecting our confidential information, it is very difficult to explain this position.


Title: Re: KYC for penny money?
Post by: Rinso on April 13, 2019, 04:59:02 PM
they just dont know how important their data is. all they want just money, they not have enought knowledge about internet crime. and most people who want to giving their personal data is people with newbie in cryptocurrency


Title: Re: KYC for penny money?
Post by: TrevorS on April 13, 2019, 06:57:49 PM
Our work already carries with it a rather high risk of not receiving deserved payments, so why expose ourselves to even greater risk by sending our personal documents to unknown people demanding it.


Title: Re: KYC for penny money?
Post by: Astvile on April 14, 2019, 09:47:50 AM
I just can tell you stay away from this if you saw one or if you saw someone promoting this stop him/her from promoting this.This is not good this is just like selling your identity for few dollars just be safe remember your identity specialy your place/ids are just like your soul


Title: Re: KYC for penny money?
Post by: yusupjatigumilar on April 14, 2019, 10:09:28 AM
I think KYC does contradict the principle of anonymous crypto currencies, but on the other hand a crypto currency company doing KYC is to protect against fraudulent users such as multi-account actions and money laundering. If you have already done KYC with your original identity, you do not need to worry if you do not violate the rules, in my opinion KYC is not much different from us doing selfies and uploading them to social media and not dangerous if it is done by companies that are trusted and you did not make a mistake.


Title: Re: KYC for penny money?
Post by: GregH37 on April 15, 2019, 12:26:04 PM
I can’t understand the logic of those who, for a few of their free and virtually worthless tokens, require a KYC check. After all, they themselves do not need to do this. Why do they need these additional problems? It turns out that they are interested in collecting such information. In a different way than self-interest in collecting our confidential information, it is very difficult to explain this position.
Honestly, something about that looks fishy, we need to stop encouraging them by strictly not just participating in their projects or airdrops, by the time we focus more on campaigns that does not require KYC, they will feel it and have no choice than to drop the policy, especially for bounty hunters, this KYC should strictly be for investors.

Now, that we even have some bad projects that are of no interest to investors, this will be the wrongest time to discourage hunters that will help the little good projects promote their products, and another thing I see that also doesn’t make sense, why impose the requirement after campaign and not before campaign when people can easily make their decision, I still see that as a fraudulent act.


Title: Re: KYC for penny money?
Post by: CandyIzDelicious on April 16, 2019, 04:38:05 PM
it is very detrimental to me, because giving an identity to a project that is not clear, besides that we do not know what will be done with our identity, our identity may be misused for something that is not good that will harm us.


Title: Re: KYC for penny money?
Post by: Pamadar on April 16, 2019, 05:06:57 PM
it is very detrimental to me, because giving an identity to a project that is not clear, besides that we do not know what will be done with our identity, our identity may be misused for something that is not good that will harm us.
Really  a risk it's need to be a good project or high rewards to take your chances sending your private information, but if you only gained a little why bother to take this and do the process, best to keep being away from airdrops that don't have any chance at all.


Title: Re: KYC for penny money?
Post by: lovesybitz on April 16, 2019, 05:30:49 PM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?

My goodness! I won't submit my KYC  just for a penny money. Only stupid or desperate individuals can do that I think.
Because our personal information is very important, therefore it shouldn't be give so easy unless you know that you have
a huge rewards to be receive in the ico campaign project, in that way it could be consider a reasonable to give or to submit.


Title: Re: KYC for penny money?
Post by: stomachgrowls on April 16, 2019, 08:07:34 PM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?

My goodness! I won't submit my KYC  just for a penny money. Only stupid or desperate individuals can do that I think.
Because our personal information is very important, therefore it shouldn't be give so easy unless you know that you have
a huge rewards to be receive in the ico campaign project, in that way it could be consider a reasonable to give or to submit.
Its total dumb for people to submit KYC for pennies but not all do have different mindsets about on how to protect their identity.
They don't care as long they do earn some money and heck $25 is already a lot on some countries that's why I'm not surprised that
there would really be desperate ones will comply it no matter what and we can do anything about it.Just ignore and let those people
experience possible problems in the future.


Title: Re: KYC for penny money?
Post by: Crypdon on April 16, 2019, 08:40:49 PM
It's only worth giving KYC for peanuts money if you already have a fake ID that you give out for these scammy offers. No point giving a real ID unless it is for something truly legit like a gemini account. People who do that will just find their passports for sale on the dark web


Title: Re: KYC for penny money?
Post by: entebah on April 16, 2019, 11:40:11 PM
I will not give my KYC to projects that give me a little money, because for me it is better to be safe for my identity, I do not want to give only for pennies, it is very dangerous.


Title: Re: KYC for penny money?
Post by: imstillthebest on April 16, 2019, 11:53:56 PM
I will not give my KYC to projects that give me a little money, because for me it is better to be safe for my identity, I do not want to give only for pennies, it is very dangerous.

but what if one project offer you huge cash or cryptos in exchange for your personal identity  ? would you prefer to do them  ?   its not about the money or the crypto that one must prioritize before he do any seriuos thing such as kyc's  rather one must do a research first if a company is really trusted  because nowadays  , scammers are on the loose  .  kyc or not , i dont do a project as long as i feel that they are shady no matter how huge the amount that they promise   to give   .


Title: Re: Think and search before you give everything!
Post by: shinharu10282016 on April 17, 2019, 02:20:44 AM
If they are hungry for those pennies for the exchange of their identities, there are too things that's on my mind.

  • they don't own the identity
  • they are desperate

It's not worth it to exchange your any ID just for those airdrops or free cryptocurrencies that they offer. I always avoid those kind of posts and ignore people them on social medias.


I agree with you. If it costs like a thousand dollars that should be where KYC is needed. And the project should be really legitimate.

Giving out your identity might mean more harm to you than benefit.


Title: Re: KYC for penny money?
Post by: BeGoods on April 17, 2019, 02:35:52 AM
Our work already carries with it a rather high risk of not receiving deserved payments, so why expose ourselves to even greater risk by sending our personal documents to unknown people demanding it.
Not worthy! that's my answer, you're right the risk we will face is not worth for the profit we will get,
the risk is your identity being exposed only for a few pennies, who wants to do that?


Title: Re: KYC for penny money?
Post by: cahbagus555 on April 17, 2019, 03:55:47 AM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?

I would not deliver my document just for airdrop. What we earn from airdrop can not compare with our document and i think joining in bounty with KYC is more worthed than airdrop with KYC


Title: Re: KYC for penny money?
Post by: xvids on April 17, 2019, 03:56:58 AM
Don't risk your personal information just for a small amount of money.
It is not worth it ,We couldn't trust our personal information on random person that we met online and we don't really know what would they do to our personal information.


Title: Re: KYC for penny money?
Post by: freedomgo on April 17, 2019, 03:58:22 AM
Our work already carries with it a rather high risk of not receiving deserved payments, so why expose ourselves to even greater risk by sending our personal documents to unknown people demanding it.
Not worthy! that's my answer, you're right the risk we will face is not worth for the profit we will get,
the risk is your identity being exposed only for a few pennies, who wants to do that?
Every country has different economy, there are people who will bite the offer and will give their real identity for a small amount of money.
We are lucky that we have a good income and we know what we risk when doing that, even at higher amount that I would get, I am still not ready to risk my real identity.


Title: Re: KYC for penny money?
Post by: LUCKMCFLY on April 17, 2019, 04:34:48 AM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?

I think that before giving our personal data, we should investigate well if the project is worthwhile, it is authentic and if it is feasible to do so, because when performing the KYC, it is a way for them to also control if they are authentic users and are not multi-accounts. created by cheaters bounty hunters. I think that's why it's the KYC.


Title: Re: KYC for penny money?
Post by: smyslov on April 17, 2019, 05:23:56 AM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?

Either these people are ignorant, they really need money or they are using other people's information to pass the KYC, so many people are still on it, these scammers will keep creating these airdrops and asking for KYC, they will not stop because there is demand for airdrops.


Title: Re: KYC for penny money?
Post by: jrrsparkles on April 17, 2019, 07:55:54 AM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?
Your identity is worth a lot so don't be stupid to give all your info for just a penny.Even don't give if someone says they will give $100 for KYC because the scammers will sue this identity to ru scam projects and steal lot of money from investors.


Title: Re: KYC for penny money?
Post by: gabmen on April 17, 2019, 08:11:37 AM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?
Your identity is worth a lot so don't be stupid to give all your info for just a penny.Even don't give if someone says they will give $100 for KYC because the scammers will sue this identity to ru scam projects and steal lot of money from investors.

Lol. It's going to be your fault if you fall for this scam and get your identity stolen. Signs are there if you could only care to look at it. For me, it should be obvious that the risk is not worth the gains, if ever there are any.


Title: Re: KYC for penny money?
Post by: aioc on April 17, 2019, 08:19:15 AM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?

They still don't know the harm of doing this, people who are doing this are newbies who do not know the risks, but they will soon find out about this, this airdrops that keeps asking KYC will go on as long as there are newbies that actively participated in airdrops and keeps submitting their information.


Title: Re: KYC for penny money?
Post by: Valhalaa on April 17, 2019, 08:51:58 AM
in my opinion, people don't understand how important our data is, because it can be used for crimes or phishing like that
and moreover use disguise
from my side it's KYC = ACCEPT with all conditions that will occur in the future


Title: Re: KYC for penny money?
Post by: BigBos on April 17, 2019, 09:16:53 AM
in my opinion, people don't understand how important our data is, because it can be used for crimes or phishing like that
and moreover use disguise
from my side it's KYC = ACCEPT with all conditions that will occur in the future
you are right. when it falls on someone who is not responsible, that certainly can happen. personally, I will not give my identity to any type of penny money. I often see this on the internet. but, for some projects, I think KYC might be needed.


Title: Re: KYC for penny money?
Post by: Mpamaegbu on April 18, 2019, 06:30:32 AM
If they are hungry for those pennies for the exchange of their identities, there are too things that's on my mind.

  • they don't own the identity
  • they are desperate
I beg to defer on your list. I think most times it has to do with the ignorance of the bounty hunter rather than desperation or not owning the identity supplied. I got trapped once in this with Claircoin. It was an airdrop and at the end the bounty hunters were asked to provide KYC. It was mandatory and we had to do it just to get the reward or lose it.


Title: Re: KYC for penny money?
Post by: kudil on April 18, 2019, 07:22:16 AM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?
Airdrop right? Yes, I always see this in a few days, especially when Bitcoin up again. Personally I also interest with that, but if there's KYC requirements, I always ignore it except trusted Airdrop like Upbit, Dobitrade, Nauticus Airdrop yesterday.

Just follow trusted campaign..


Title: Re: KYC for penny money?
Post by: lutfi-hasan on April 18, 2019, 12:43:48 PM
in my opinion, people don't understand how important our data is, because it can be used for crimes or phishing like that
and moreover use disguise
from my side it's KYC = ACCEPT with all conditions that will occur in the future
It is really terrible if our personal data is misused by other people without our knowledge, so for me when there is a Bounty project that requires KYC, I always research the project first, if it is suspicious, I will definitely avoid it.


Title: Re: KYC for penny money?
Post by: Ayomide09 on April 18, 2019, 02:09:48 PM
For me, I am not too convenient with divulging my personal information all in the name of getting some free token. It is risky except for cases where it is mandatory to invest in an ICO.


Title: Re: KYC for penny money?
Post by: yanetriwidia on April 19, 2019, 02:12:30 AM
as long as what we get is comparable to what we do, this is not a big problem. what I'm afraid of is that it is misused like a certain exchange in order to get an airdrop of 100 $ which can be withdrawn directly without having to deposit enough with KYC they all misuse as many as dozens of ID CARDs for that


Title: Re: KYC for penny money?
Post by: raven7886 on April 19, 2019, 04:22:47 AM
in my opinion, people don't understand how important our data is, because it can be used for crimes or phishing like that
and moreover use disguise
from my side it's KYC = ACCEPT with all conditions that will occur in the future
It is really terrible if our personal data is misused by other people without our knowledge, so for me when there is a Bounty project that requires KYC, I always research the project first, if it is suspicious, I will definitely avoid it.
Tell them please, instead of getting frustrated over things that we cannot reverse, we can just look for a way to work around it. There are lots of projects that are available pout there that doesn’t ask for any KYC from us, we can just focus on those ones If we are not okay with KYC, or like you said, we should do good research to know a good project before investing.

I like this clause because it will make a lot of people sit up, so many of us just participating in any ICO we see and promoting scams will learn to do a lot of research, now that they have a requirement that could work against us in future, so if we don’t want our document to get into the wrong hands, we better study the project very well before making input.


Title: Re: KYC for penny money?
Post by: barota on April 19, 2019, 05:05:46 PM
yes , there are lot of sites exchange that give free money for pass kyc ; i dont know why ? and
What they will do with the documents of users? This is not good , personel documents should not be given to anonymous people for money


Title: Re: KYC for penny money?
Post by: Pamadar on April 19, 2019, 05:15:15 PM
yes , there are lot of sites exchange that give free money for pass kyc ; i dont know why ? and
What they will do with the documents of users? This is not good , personel documents should not be given to anonymous people for money
It's stupidity if you will give your personal data without knowing where the hell the team will use your information,not unless you are fully aware of the things that you are taking providing details can be done, good example of that is when you creates exchange wallets and needs for your verifications for bonuses or much higher trading volumes.


Title: Re: KYC for penny money?
Post by: biskitop on April 20, 2019, 02:42:04 AM
I just think positively, they will not commit a crime by using our identity. Kyc is just a way to reduce spammers, but also does not rule out the possibility that the ico team will become a scammer.


Title: Re: KYC for penny money?
Post by: yanetriwidia on April 20, 2019, 03:14:49 AM
I just think positively, they will not commit a crime by using our identity. Kyc is just a way to reduce spammers, but also does not rule out the possibility that the ico team will become a scammer.

Yes, we also can reduce someone cheating but also if we know that KYC can also commit fraud by collecting document documents to fulfill KYC and getting a nominal amount that is more than it should be received, this is also the way someone misuses KYC.
and it is proven that many people do that


Title: Re: KYC for penny money?
Post by: Che454010 on April 20, 2019, 03:34:02 AM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?

There is no point in doing kyc for some shitcoins, even if they are useful it is not worth submitting personal data and what is the guarantee that your data would be safe; it will not be used in any illegal way or sold out to the third party.


Title: Re: KYC for penny money?
Post by: mitchr4 on April 20, 2019, 03:50:56 AM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?
I think it's not necessary if only pennies will be useless. Our personal data is the first that we have to think about, don't sacrifice your personal data if there are only a little rewards.


Title: Re: KYC for penny money?
Post by: zeingrind777 on April 20, 2019, 04:27:40 AM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?
Yes, I agree. But, until now I have never heard that someone's personal data was misused after doing KYC to get a penny. In my opinion, it doesn't matter if someone does KYC to get pennies. However, they still need to be careful to do that.


Title: Re: KYC for penny money?
Post by: nur rochid on April 20, 2019, 04:34:15 AM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?
Yes, I agree. But, until now I have never heard that someone's personal data was misused after doing KYC to get a penny. In my opinion, it doesn't matter if someone does KYC to get pennies. However, they still need to be careful to do that.
self data is important for us, especially when many ico are scam like now, of course we have to be careful when asked, because many ico are unprofessional which allows for misuse of identity


Title: Re: KYC for penny money?
Post by: Muzika on April 20, 2019, 06:04:57 AM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?

If it is just a little amount and someone pass their thru identity they are made of greed, and ofcourse there are still someone who are trying to scam or cheat this kind of act by passing illegal documents or falsificated documents just to earn those pennies.


Title: Re: KYC for penny money?
Post by: sHeRiLyN1618 on April 20, 2019, 06:37:39 AM
What kind of people who want to share penny money for a KYC. I think people must be smart because of my guess they only buy your personal data to be misused.


Title: Re: KYC for penny money?
Post by: calya on April 20, 2019, 06:39:16 AM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?

If it is just a little amount and someone pass their thru identity they are made of greed, and ofcourse there are still someone who are trying to scam or cheat this kind of act by passing illegal documents or falsificated documents just to earn those pennies.
if we have to pass kyc in order to recieve our reward ,maybe we have to calculate about its value and also the safety of our document.not every developers honest and guarantee they will not sell our identity document.


Title: Re: KYC for penny money?
Post by: Oasisman on April 20, 2019, 06:39:40 AM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?
Yes, I agree. But, until now I have never heard that someone's personal data was misused after doing KYC to get a penny. In my opinion, it doesn't matter if someone does KYC to get pennies. However, they still need to be careful to do that.

Well, we all know it can be used against you. I mean thats an essential information. Dont wait until someone becomes a victim to such. Just like what you said, "they need to be careful." Its almost a no-brainer if you trade your critical information for "pennies" or even for a hundred of bucks. Not unless if its fake information they are using.


Title: Re: KYC for penny money?
Post by: fuathan on April 20, 2019, 12:16:11 PM
Agreed. They will buy it from you and will sell it OTC with lots of profits. There are lots of telegram groups selling those IDs to anyone who wants to participate ICOs. And that is a best-case scenario. I don't want to think the worse one...


Title: Re: KYC for penny money?
Post by: playbtcgame on April 20, 2019, 02:34:05 PM
It becomes a great disturbance when you see that for just a little money you will get, you got to upload a whole lot of pictures to validate you as an ideal participant of the project .


Title: Re: KYC for penny money?
Post by: ricardobs on April 21, 2019, 08:16:17 PM
When I’m looking for airdrops to participate in, I don’t go for the ones that pays penny. All those things are heavy work for anyone to do, not to talk of accepting penny for it and giving out your information on top of that ?

I can’t take such a risk. As long as it is something that has to do with cryptocurrency and online, I can’t really take such a risk. And even for the ones that pay big, I still do proper research about them before participating, cause some of them are scammers.


Title: Re: KYC for penny money?
Post by: sunsilk on April 21, 2019, 08:34:33 PM
Agreed. They will buy it from you and will sell it OTC with lots of profits. There are lots of telegram groups selling those IDs to anyone who wants to participate ICOs. And that is a best-case scenario. I don't want to think the worse one...
This is the bad side of it, everyone who joins these bounties and airdrops that requires KYC are believing much that their identities are safe and will never be sold to other parties. But that's it, we already known that many of them are doing this for the sake of IDs.

What kind of people who want to share penny money for a KYC. I think people must be smart because of my guess they only buy your personal data to be misused.
You may never know the real reason why some are still blindly following and passing on these KYC requirements, they want to make small money out of it but the possible return on what these people can go wrong with their identities, I think they don't even think about it.


Title: Re: KYC for penny money?
Post by: medsi2 on April 21, 2019, 09:12:57 PM
It becomes a great disturbance when you see that for just a little money you will get, you got to upload a whole lot of pictures to validate you as an ideal participant of the project .

Is not good to fill KYC just for airdrop tokens.. It's like selling your identity for few dollars.. In my opinion stupidity at maximum level.
There are many other airdrops without the necessity to fill KYC, so I don't get the point to do this kind of risky things.


Title: Re: KYC for penny money?
Post by: pinoycash on April 21, 2019, 09:33:30 PM
Agreed. They will buy it from you and will sell it OTC with lots of profits. There are lots of telegram groups selling those IDs to anyone who wants to participate ICOs. And that is a best-case scenario. I don't want to think the worse one...

The worst one is they will use your documents and identity in illegal activity. Ran an ICO using your name, Ran a HYIP/Ponzi using your ID to verify payment processor account. Identity theft is the worst case that can happen and you will wish it will never happens to you


Title: Re: KYC for penny money?
Post by: gentlemand on April 21, 2019, 10:03:38 PM
Well, let's be honest here many peoples' identities are worthless. If you're living in a drain in Lesotho it's not as if anyone can do much with it, that's if you can afford documents at all.

A fine demonstration was the joke KYC on here on April Fool's day. In the joke application thread there were a suspiciously large number of genuine-looking selfies.

I'm not going to hand stuff over to any random site, but, unfashionable as it might be to say, I don't really give a shit if a hack has those documents away. I own nothing. I have no credit. I will never, ever have any credit. If someone signs me up for the Foreign Legion without my knowledge I'd probably join it anyway for something to do.


Title: Re: Think and search before you give everything!
Post by: salty on April 21, 2019, 10:30:22 PM
If they are hungry for those pennies for the exchange of their identities, there are too things that's on my mind.

  • they don't own the identity
  • they are desperate

It's not worth it to exchange your any ID just for those airdrops or free cryptocurrencies that they offer. I always avoid those kind of posts and ignore people them on social medias.

That's right.Do not submit your documents for a penny.And in general, if you are not an investor, you should not send your documents anywhere. Having received $ 2 today you can lose much more tomorrow.


Title: Re: KYC for penny money?
Post by: bitcoin31 on April 22, 2019, 05:52:43 AM
For a little penny of money no I will not submit my real Identity unless that is thousands of dollars value and that is very high amount of money.  It's their choice if they want to submit that because that is Idenity maybe that id their way to earn some money because they don't have money for investment.


Title: Re: KYC for penny money?
Post by: Remainder on April 22, 2019, 05:57:17 AM
Possible, that you will get paid for your information. Its like a survey probably you will answer various questionnaires in different topics.
Data gathering, specially on buyer's information is generally gotten more values than ever. As long as, the compensation in return of personal information are equally compensated, then I don't see any problem of it. A penny money is fine but I wont try it.


Title: Re: KYC for penny money?
Post by: green547 on April 22, 2019, 05:57:50 AM
Well, let's be honest here many peoples' identities are worthless. If you're living in a drain in Lesotho it's not as if anyone can do much with it, that's if you can afford documents at all.

A fine demonstration was the joke KYC on here on April Fool's day. In the joke application thread there were a suspiciously large number of genuine-looking selfies.

I'm not going to hand stuff over to any random site, but, unfashionable as it might be to say, I don't really give a shit if a hack has those documents away. I own nothing. I have no credit. I will never, ever have any credit. If someone signs me up for the Foreign Legion without my knowledge I'd probably join it anyway for something to do.

It was crazy how many people actually believed that April Fools joke and tried to enter in their personal information.  Just shows how these people from those impoverished nations will give up anything for a few dollars. Sad world we live in, isn't it.


Title: Re: KYC for penny money?
Post by: Mr.Good on April 22, 2019, 06:01:34 AM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?
It is possible that people are not fully aware of the seriousness of KYC and do not understand the danger that may occur to them. And maybe the opposite.
They all understand this and therefore they enter other people's documents everywhere. Therefore, KYC are held in any airdrop.


Title: Re: KYC for penny money?
Post by: Mikwik on April 22, 2019, 07:06:01 AM
Those site cant be trusted at all because they could use your identity in some shady business without your permission. It's better to stay out than to be sorry.
Well, you have the point here. In today's kind of environment we have, it is so much hard to trust internet world. Better for us to be more aware and alert or to stay out of it.


Title: Re: KYC for penny money?
Post by: gunhell16 on April 22, 2019, 07:10:22 AM
Will never stake my identity and government I.D issue for just some penny or even huge amount promise without any exchanges.
There are so many airdrops and free tokens offer for your KYC, which is very dangerous. never go for that fraud.


Title: Re: KYC for penny money?
Post by: Mihaylovic on April 22, 2019, 07:16:07 AM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?

i do not trust most of the teams that launch any kind of airdrop etc. so i do not share my private information about any of them. Either i never can dare to send my passport details to them. it is very risky really.


Title: Re: KYC for penny money?
Post by: acharias on April 22, 2019, 07:30:23 AM
I have only verified my ID on Binance, since I 'trust' them. I pay my taxes so I have nothing to hide.


Title: Re: KYC for penny money?
Post by: RamBahadur.Gurung on April 22, 2019, 08:10:17 AM
The risk involved far outweighs any potential benefits. This is what I have to say about the KYC requirement for bounties. And by the way, it reminds me of an incident, which happened in 2017. My friend had 18 BTC in his wallet, and he wanted to cash out the newly forked BCH coins. I asked him to remain patient, as Blockchain.com normally credits the forked coins to the wallets in a month or two. But he was impatient and exported the private key to some web wallet. He lost the BTC as well as BCH to the scammers.

What I want to say is that we should be double careful while dealing in crypto. KYC is not a risk that is worth taking.


Title: Re: KYC for penny money?
Post by: blueteam09 on April 22, 2019, 08:29:19 AM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?
You have the same question with me. Currently, many publishers pay a small amount of ETH or Altcoin to ask participants Airdrop to make KYC mandatory before receiving the rewards. It attracted a lot of participants, but they did not know that their personal information appropriated, their personal information was being sold or used illegally.


Title: Re: KYC for penny money?
Post by: leea-1334 on April 22, 2019, 03:45:49 PM
I have only verified my ID on Binance, since I 'trust' them. I pay my taxes so I have nothing to hide.

I do not trust Binance,,, but among all the exchanges that I can access to, I believe this is the least likely to defraud me. It is not that I have hundreds of dollars in exchanges anyway but yes, like you, I generally do not mind KYC for stuff like Binance. I got nothing to hide either,,, just that I really hate exposing my confidential information online.


Title: Re: KYC for penny money?
Post by: Wayan_Pedjeng on April 22, 2019, 04:59:12 PM
I have only verified my ID on Binance, since I 'trust' them. I pay my taxes so I have nothing to hide.

I have done the same with Cryptopia, since they looked like a genuine exchange. But that exchange was recently affected by robbery and I am not sure whether my KYC documents are still confidential or not. Paying taxes is something that even I have no objection to. But I am not OK with criminals gaining access to the scanned copy of my passport.


Title: Re: KYC for penny money?
Post by: Mr.grin on April 22, 2019, 05:09:31 PM
I have only verified my ID on Binance, since I 'trust' them. I pay my taxes so I have nothing to hide.
I think, for KYC I don't think it's a problem to do it in a market, or a trusted exchanger, even more so binance. well, but, most people sell their identity to airdrop which is not necessarily clear, or anything else. because of that, being careful in doing KYC is the best choice.


Title: Re: KYC for penny money?
Post by: sulendra12 on April 22, 2019, 06:08:27 PM
It's up to you, but if it's for penny money then we have a problem. I mean, do you want to risk your entire life by risking your identity to unknown person for just few dollars or even less. It's ridiculous and shouldn't even bother to do it in the first place.


Title: Re: KYC for penny money?
Post by: jak3 on April 22, 2019, 06:31:38 PM
i am not gonna do any KYC for just some amount of money. it's useless they don't even need to know us if they are gonna send our money into a bitcoin wallet. that clearly does not make any sense. like in India RBI has proposed that if anyone wants to do any kind of digital transactions they need to do KYC's from all there users.


Title: Re: KYC for penny money?
Post by: coupable on April 22, 2019, 07:17:11 PM
I have only verified my ID on Binance, since I 'trust' them. I pay my taxes so I have nothing to hide.
Nothing to compare here with binance.
In fact, any platform asking for personal data is untrustworthy, and should be immediately left. Binance let you withdraw 4 to 5 BTC per day which seems good to go with for ordinary users. When those airdrop shitter's ask you to by their sheet or offer them you data to sell it; just like in big social media platforms: if you are not the custmer, you are the product.


Title: Re: KYC for penny money?
Post by: PlusOne88 on April 23, 2019, 06:54:24 AM
There are so many victims of identity thief. People are often victims of these and they are not just anything simple, usually the crimes committed by the offenders using their identities are heavily punishable under existing laws. And if for just a penny you will be exchanging your identity, then it would not be that reasonable or fair. I think the best thing that we can really do is not to accept any of there offers so that instead might change their minds and allow you to receive even without KYC. Should they give several thousands or millions I would sign even how many KYC forms for that, but this isn't the case and so I would never accept such an unfair offer.


Title: Re: KYC for penny money?
Post by: StarofBTC on April 24, 2019, 06:46:44 PM
I have only verified my ID on Binance, since I 'trust' them. I pay my taxes so I have nothing to hide.
No one is having issue with People like Binance, we all know Binance to be a reputable exchange and once can still trust our personal details with them 80%, it is not about you now having anything to hide or not.

Many people too in this forum that are not happy with KYC have nothing to absolutely hide, but the third parties with the details are the problem.

In this age where we have scam issue coming up daily, we even have project coming up and putting people’s details up in their whitepaper that is different from theirs to scam, how one can be safe from such a thing happening to us, because with our vital details, scammers can manipulate things.


Title: Re: KYC for penny money?
Post by: usorin on April 24, 2019, 07:46:04 PM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?
I don't agree with the Know Your Custom regulation as long as there is no insurance for the safety of the personal data.


Title: Re: KYC for penny money?
Post by: MakeMoneyBtc on April 24, 2019, 09:22:43 PM
Completing a KYC just to receive some coins worth a couple pennies is something that only a desperate person would do and I think you know who I'm referring to here. I'm talking about people from countries where the minimum wage is too low and they are looking for absolutely any method they could found only to try and earn a few extra dollars in order to live a better life. Most of them are from India since the poverty rate is very high there.


Title: Re: KYC for penny money?
Post by: Mahanton on April 24, 2019, 09:35:09 PM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?
I don't agree with the Know Your Custom regulation as long as there is no insurance for the safety of the personal data.
Even on typical physical world where we do give out our informations which there are no insurances at all this is why I do already believe that our infos are already compromised since the beginning even
if we aren't still here on crypto market yet.


Title: Re: KYC for penny money?
Post by: Kelvinid on April 24, 2019, 09:56:09 PM
Completing a KYC just to receive some coins worth a couple pennies is something that only a desperate person would do and I think you know who I'm referring to here. I'm talking about people from countries where the minimum wage is too low and they are looking for absolutely any method they could found only to try and earn a few extra dollars in order to live a better life. Most of them are from India since the poverty rate is very high there.
That's their choice mate and we don't need to be bother.
Sending KYC is not that bad if we know that we are sending into the right person and for good purposes. But if it we don't know the reason, maybe we won't do it. Almost all exchanges where asking our KYC before we do transfers, we don't have that options otherwise we can't used their services.


Title: Re: KYC for penny money?
Post by: jambul_kribo on April 25, 2019, 01:15:24 AM
Completing a KYC just to receive some coins worth a couple pennies is something that only a desperate person would do and I think you know who I'm referring to here. I'm talking about people from countries where the minimum wage is too low and they are looking for absolutely any method they could found only to try and earn a few extra dollars in order to live a better life. Most of them are from India since the poverty rate is very high there.
That's their choice mate and we don't need to be bother.
Sending KYC is not that bad if we know that we are sending into the right person and for good purposes. But if it we don't know the reason, maybe we won't do it. Almost all exchanges where asking our KYC before we do transfers, we don't have that options otherwise we can't used their services.
if bounty campaign required kyc to received bounty reward maybe i will calculate its when listing in market.i didn't want send my personal identifiaction for penny money.this is our privacy and actually we should not send it to for unknown verification progress.moreover in cryptocurrency market.


Title: Re: KYC for penny money?
Post by: aditasetia123 on April 25, 2019, 02:09:22 AM
Completing a KYC just to receive some coins worth a couple pennies is something that only a desperate person would do and I think you know who I'm referring to here. I'm talking about people from countries where the minimum wage is too low and they are looking for absolutely any method they could found only to try and earn a few extra dollars in order to live a better life. Most of them are from India since the poverty rate is very high there.
That's their choice mate and we don't need to be bother.
Sending KYC is not that bad if we know that we are sending into the right person and for good purposes. But if it we don't know the reason, maybe we won't do it. Almost all exchanges where asking our KYC before we do transfers, we don't have that options otherwise we can't used their services.
if bounty campaign required kyc to received bounty reward maybe i will calculate its when listing in market.i didn't want send my personal identifiaction for penny money.this is our privacy and actually we should not send it to for unknown verification progress.moreover in cryptocurrency market.
i am affraid if i send my document to developers team,as we know now much projects be scamm when they finalized their projects.selling identity document was possible to happen in deep web.so i will not give my id.


Title: Re: KYC for penny money?
Post by: STT on April 25, 2019, 02:53:19 AM
Thats where the industry is poorly implemented.   KYC should be more of universal accreditation that many websites and projects can then utilise.   You wouldnt have to worry about any particular developers team and their integrity or their system database, etc

I have only verified my ID on Binance, since I 'trust' them. I pay my taxes so I have nothing to hide.
Sure thats convenient and companies should make it as easy as possible to but the line only the guilty need fear is flawed logic


Title: Re: KYC for penny money?
Post by: Netnox on April 25, 2019, 02:55:18 AM
I will give you one very good example of how KYC is used as an excuse to cheat the bounty hunters of their reward.

Check the SELFLLERY bounty campaign here in Bitcointalk: https://bitcointalk.org/index.php?topic=2760236.0

It started more than one year back and by then they were talking about it running for one month. Now more than 16 months have passed and the bounty campaign is still ongoing. The spreadsheets were last updated 7-8 months back and only a few participants are now active.

Earlier, there was no KYC requirement. But now they have added it. If you don't do KYC, then you will not receive your rewards.


Title: Re: KYC for penny money?
Post by: mikelsmith2020 on April 25, 2019, 04:29:07 AM
It's true there's a lot of things they can do to your identity such as identity theft, use it to illegal works or they can sell it to others... It's really important for a user to secure his/her identity... For what I've known Satoshi's vision is to create an anonymous transaction (or just part) and yet you're willing to sell it for a couple of money.

I don't think it's necessary to give your identity on the Internet since we don't know who's behind the team asking for it or what's their real purpose. So I suggest to stay away from it as much as possible.


Title: Re: KYC for penny money?
Post by: GregH37 on April 25, 2019, 06:43:03 AM
There are so many victims of identity thief. People are often victims of these and they are not just anything simple, usually the crimes committed by the offenders using their identities are heavily punishable under existing laws. And if for just a penny you will be exchanging your identity, then it would not be that reasonable or fair. I think the best thing that we can really do is not to accept any of there offers so that instead might change their minds and allow you to receive even without KYC. Should they give several thousands or millions I would sign even how many KYC forms for that, but this isn't the case and so I would never accept such an unfair offer.
Coordination is what really matters if we are to move things forward and effect changes as users, do we really belong to the same thing or oneness for us to agree and carry out a specific instruction ? You might decide today not to accept projects that are KYC restricted, but what about others too, would they do same.

Your decision to not participate might not really make much difference, since there will always be someone to counter it in the market, so the best is just to personally handle our things, check for ones that we can trust, make research of them before submitting any KYC to them.


Title: Re: KYC for penny money?
Post by: OrangeII on April 25, 2019, 06:50:49 AM
It's true there's a lot of things they can do to your identity such as identity theft, use it to illegal works or they can sell it to others... It's really important for a user to secure his/her identity... For what I've known Satoshi's vision is to create an anonymous transaction (or just part) and yet you're willing to sell it for a couple of money.

I don't think it's necessary to give your identity on the Internet since we don't know who's behind the team asking for it or what's their real purpose. So I suggest to stay away from it as much as possible.
you are right. sometimes our identity can also be used as a tool for something illegal. well, because of that, being careful in giving identity is something we need to pay attention to. especially if we don't know the team behind the project.


Title: Re: KYC for penny money?
Post by: Jayshree85 on April 25, 2019, 06:57:50 AM
There are so many victims of identity thief. People are often victims of these and they are not just anything simple, usually the crimes committed by the offenders using their identities are heavily punishable under existing laws. And if for just a penny you will be exchanging your identity, then it would not be that reasonable or fair. I think the best thing that we can really do is not to accept any of there offers so that instead might change their minds and allow you to receive even without KYC. Should they give several thousands or millions I would sign even how many KYC forms for that, but this isn't the case and so I would never accept such an unfair offer.
Coordination is what really matters if we are to move things forward and effect changes as users, do we really belong to the same thing or oneness for us to agree and carry out a specific instruction ? You might decide today not to accept projects that are KYC restricted, but what about others too, would they do same.

Your decision to not participate might not really make much difference, since there will always be someone to counter it in the market, so the best is just to personally handle our things, check for ones that we can trust, make research of them before submitting any KYC to them.

Ya it is true that it is the decision of the users who wanted to give their identity proof for penny but their are also users who have fake identity proof and they are utilizing them. But still submitting KYC to all projects are very dangerous as they can do anything based on out KYC proofs.


Title: Re: KYC for penny money?
Post by: uszaty43 on April 25, 2019, 09:49:57 AM
Doing this is absurd, selling your identity documents for such a meager amount of money would do you know good people. Have some dignity, work and you will be paid to have a very comfortable living.


Title: Re: KYC for penny money?
Post by: Kwansimaa on April 25, 2019, 10:11:56 AM
Life is full of struggles and financial difficulties but it really saddens my heart to see people stooping so low  >:( Your identification cards are serious documents that can be used against you in very serious cases and yet people are really offering that for monies that can be spent on just a plate of meal. I don't know about y'all but i would rather find a job which would pay me a scanty amount to feed myself than to offer myself at such a cheap rate.

I hate to say this but i guess most of these people doing this would be in third world countries where life is so difficult to and the cost of living is also quite high. I don't blame though, if you leave in countries where only leaders care about themselves and their family members. Spending the state's money on themselves leaving the country poor what do you really expect its members to do.

They also have to fend for themselves and i believe that is exactly what they are doing but i just want to let them know that what they are doing is very dangerous and could be detrimental to them in the future. 



Title: Re: KYC for penny money?
Post by: TheHas on April 25, 2019, 10:49:31 AM
Do not give any identification documents to some random ICO to get a bounty. Identity theft is not worth the risk.

IF you really want to be involved in a project, find out more about them. For example, where are they registered? What was the team involved in before this project? What is the reason for needing KYC? They should have rock solid credentials and IT security to make me feel ok about sending any ID.


Title: Re: KYC for penny money?
Post by: alyssa85 on April 25, 2019, 11:07:02 AM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?

They're basically data mining and will then sell your data, or use it in a way that harms you.

Don't give out personal information online. Especially in connection to cryptocurrency.


Title: Re: KYC for penny money?
Post by: samcrypto on April 25, 2019, 12:11:57 PM
Doing this is absurd, selling your identity documents for such a meager amount of money would do you know good people. Have some dignity, work and you will be paid to have a very comfortable living.
Penny money is just like a shitcoin so it means that its not worthy to provide your precious information just for a single bucks. Have your self limit on joing bounty, airdrop and any advertisement that requires you to fill up the KYC. Its better to protect your hundred of dollars than to receive penny money, don't sacrifice your identity. Look for a better place for  you to earn more which is more deserving of your trust.


Title: Re: KYC for penny money?
Post by: UNOE on April 25, 2019, 01:01:59 PM
KYC for little money is not worth doing, because you risk more than you could get. Just remember why cryptocurrencies exist, one of the main reasons is because of their privacy. Letting your documents and picture of yourself holding it, in unregulated space is simply not acceptable. Be aware and be smart enough, because there are many scammers out there which wants to steal your data and use that data for their filthy purposes.


Title: Re: KYC for penny money?
Post by: okala on April 25, 2019, 01:50:00 PM
Giving tour personal information in the process of kyc is left for individual to decide, if the site team decide that you pass through kyc before receiving they penny then I don't see any thing wrong with that after all those visitors and users are warn before hand of what is involved and if they decide to go ahead with the process what ever come after is up to the ops to bear.


Title: Re: KYC for penny money?
Post by: FelippeHeinz on April 25, 2019, 02:13:45 PM
I agree. Personal documents are extremely valuable. We have to guard against possible identity theft.


Title: Re: KYC for penny money?
Post by: Indamuck on April 25, 2019, 02:34:04 PM
Doing this is absurd, selling your identity documents for such a meager amount of money would do you know good people. Have some dignity, work and you will be paid to have a very comfortable living.

A lot of people here are living in extreme poverty so they don't have much to lose by selling their personal information.  ten dollars can go a long way in countries such as Venezuela and Indonesia.


Title: Re: KYC for penny money?
Post by: pinoycash on April 25, 2019, 04:32:59 PM
Doing this is absurd, selling your identity documents for such a meager amount of money would do you know good people. Have some dignity, work and you will be paid to have a very comfortable living.

A lot of people here are living in extreme poverty so they don't have much to lose by selling their personal information.  ten dollars can go a long way in countries such as Venezuela and Indonesia.

Its not always about poverty, I have seen some post in different facebook groups how Nigerians rape the Stellar giveaway on blockchain.com and how they make thousands of dollars just joining stellar airdrop using different ID's.



Title: Re: KYC for penny money?
Post by: khimer_rangers on April 25, 2019, 05:31:46 PM
if it's only for a little money I think it's very stupid because our personal data can be misused for only a few cents, we must respect our personal documents because they are very important do KYC if only needed like registering in an exchange that you trust.


Title: Re: KYC for penny money?
Post by: wxa7115 on April 25, 2019, 05:39:47 PM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?
To me it is clear that many of those developers giving their coins for free but asking for your details are not really interested in making a successful project they are interested only in getting your information and nothing else since they can make use of that information for their own ends, so whenever I see someone giving their information to them I am sorry for them because now their information will be all over the internet where it is going to be impossible to erase it.

And then when their identities get stolen they are going to lament the day they decided to involve themselves with cryptocurrencies not understanding that it was their own gullibility which got them in trouble.


Title: Re: KYC for penny money?
Post by: Finestream on April 25, 2019, 11:02:29 PM
if it's only for a little money I think it's very stupid because our personal data can be misused for only a few cents, we must respect our personal documents because they are very important do KYC if only needed like registering in an exchange that you trust.
Exactly.Giving our own information should only be done in the most legit way like in an exchanger for us to be registered.We should always be careful not to be deceived by some scam projects who easily require KYC so we can be accepted as participants.They can make use of our personal information without asking our permission first.


Title: Re: KYC for penny money?
Post by: Ayiranorea on April 25, 2019, 11:18:27 PM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?

They're basically data mining and will then sell your data, or use it in a way that harms you.

Don't give out personal information online. Especially in connection to cryptocurrency.
Not only with cryptocurrency, but with each and everything data mining happens. Each and every survey we do is recorded and were sold to corporates based on the response we've made. As people wish to be anonymous, cryptocurrency is preferred and now this too isn't left by those people. Soon can see cryptocurrency network to function as a centralized system.


Title: Re: KYC for penny money?
Post by: darklus123 on April 25, 2019, 11:31:56 PM
Do not give any identification documents to some random ICO to get a bounty. Identity theft is not worth the risk.

IF you really want to be involved in a project, find out more about them. For example, where are they registered? What was the team involved in before this project? What is the reason for needing KYC? They should have rock solid credentials and IT security to make me feel ok about sending any ID.

By that said I doubt you will be able to find certain ICO's unless those were funded by any known services such as a trading services like binance. Or any known exchanger wallets such as coinbase

Those are the type of services that are approved by the government. When it comes to faucets,cloudmining,ICO or any other shaddy type of businesses those are just worthless.


Title: Re: KYC for penny money?
Post by: TheHas on April 26, 2019, 01:54:49 AM
Do not give any identification documents to some random ICO to get a bounty. Identity theft is not worth the risk.

IF you really want to be involved in a project, find out more about them. For example, where are they registered? What was the team involved in before this project? What is the reason for needing KYC? They should have rock solid credentials and IT security to make me feel ok about sending any ID.

By that said I doubt you will be able to find certain ICO's unless those were funded by any known services such as a trading services like binance. Or any known exchanger wallets such as coinbase

Those are the type of services that are approved by the government. When it comes to faucets,cloudmining,ICO or any other shaddy type of businesses those are just worthless.

True I know a lot are moving more towards KYC as they are registered companies that need this information for regulatory purposes and so on.

The issue is if you're providing this information to some no name ICO, with no clear registration details, no team members listed etc.

I'd be more comfortable in being able to purchase tokens with no KYC, but only being able to use the tokens for whatever the service offer is if you've gone through the KYC process. Essentially the ICO has to turn into a business with a working product (and proper security) before you start giving them any personal information outside of a throwaway email address.


Title: Re: KYC for penny money?
Post by: Netnox on April 26, 2019, 10:41:28 AM
Doing this is absurd, selling your identity documents for such a meager amount of money would do you know good people. Have some dignity, work and you will be paid to have a very comfortable living.

A lot of people here are living in extreme poverty so they don't have much to lose by selling their personal information.  ten dollars can go a long way in countries such as Venezuela and Indonesia.

If someone can afford broadband internet and smartphone then I would not say that that particular individual is living in "extreme" poverty. And take my word. No matter how poor someone is, he is not going to give you the scanned copy of his passport for just $10. Even stolen passports can cost upwards of $1,000 on various dark markets.


Title: Re: KYC for penny money?
Post by: buwaytress on April 26, 2019, 11:19:29 AM
If someone can afford broadband internet and smartphone then I would not say that that particular individual is living in "extreme" poverty. And take my word. No matter how poor someone is, he is not going to give you the scanned copy of his passport for just $10. Even stolen passports can cost upwards of $1,000 on various dark markets.

It's all subjective. In Malaysia the urban poverty line is a household income of below $750, reflecting how expensive it is to live in the city, the same in Philippines and Indonesia, or most other Southeast Asia countries for that matter. And when the majority of people are living on minimum wage of about $200, you can understand that even if they owned a cheap smartphone ($30) and broadband (in Msia it's $2.50 per month), you can't just say they're not extremely poor. Those are necessities now. More expensive to own a phone line and rent it monthly and pay call charges.


Title: Re: KYC for penny money?
Post by: swordling143 on April 26, 2019, 12:00:57 PM
Giving out your identity over for a few pennies is obviously a bad idea. Regardless if it would do you any harm or not, staying away from them should be the better choice. Identity theft has been around for many years now, and we should know better. If your gonna give your identity, make sure to do your own research first to avoid putting yourself in any type of risk.


Title: Re: KYC for penny money?
Post by: bhabygrim on April 26, 2019, 01:06:18 PM
Yeah I also notice it on my social media account seem's like they are willing to give out their personal information for a penny and doesn't even care what would happen next.
But who knows I already read a thread in this forum that other people are cheating KYC by giving fake information and I.D's .


Title: Re: KYC for penny money?
Post by: pushups44 on April 26, 2019, 09:37:23 PM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?

Airdrops and bounties should not be asking for KYC documentation. There is no need to put people and the community as a whole at risk with such actions. If projects are going to ask for KYC documentation, they also should meet the KYC requirement with an independent third party.


Title: Re: KYC for penny money?
Post by: Gridness on April 27, 2019, 12:47:01 AM


Whats your thoughts about this?

maybe for this we must be carefully,dont take a risk just for penny money. look wether the project is great or not. if not dont do it


Title: Re: KYC for penny money?
Post by: dongyi17 on April 27, 2019, 03:37:00 AM
Well some bounty campaign ar asking for kyc for some purpose they want to make sure that you're not belong to states where they're belong with, for security purpose, but then I think they will keep it private and they  guarantee that they will get paid after presenting some evidence that is what I know.


Title: Re: KYC for penny money?
Post by: Valhalaa on April 27, 2019, 04:54:35 AM
Well some bounty campaign ar asking for kyc for some purpose they want to make sure that you're not belong to states where they're belong with, for security purpose, but then I think they will keep it private and they  guarantee that they will get paid after presenting some evidence that is what I know.

well, most of the bounties nowadays all use KYC as a condition for them to pay us
but strangely after we paid KYC sometimes not paid and ended in the project being a scam project that hurt us,
where we take the data and we also don't get the right payment
and sometimes the fees are too small not comparable to the KYC data they take


Title: Re: KYC for penny money?
Post by: rijaljun on April 27, 2019, 07:06:02 AM
They do KYC for 10-25 USD.
It's maybe just a penny for some people who are living on rich country. Unfortunately, there are a lot people living on poor country where a penny is much valuable to survive. So this is just a personal perspective.


Title: Re: KYC for penny money?
Post by: CTRLX on April 27, 2019, 09:50:32 AM
I really don’t understan how people willing to share their ID or passports so easily. Even after the bounty campaigns you might think about it, if you really earn good money from a bounty. But nowadays there is no bouty that you can earn too much. On the other hand, i guess no one can convince me to exchange my ID that easily. It’s not a simple thing.


Title: Re: KYC for penny money?
Post by: Hamphser on April 27, 2019, 12:46:38 PM
I really don’t understan how people willing to share their ID or passports so easily. Even after the bounty campaigns you might think about it, if you really earn good money from a bounty. But nowadays there is no bouty that you can earn too much. On the other hand, i guess no one can convince me to exchange my ID that easily. It’s not a simple thing.
Come to think that even bounty on past years doesn't really have that kind of requirement which do really needs for you to have some KYC.
When regulation hype do starts to become an issue then those ICO together with bounty dragged on it that's why bounters don't have any choice
but to send out kyc if they do like to receive tokens if not then those tokens would be on hold.


Title: Re: KYC for penny money?
Post by: illusioNiZt on April 27, 2019, 01:40:14 PM
Everyone is requesting for KYC now just pick projects you can trust if you feel insecure to do KYC, I don't really like the idea of KYC either but if its for the betterment of Crypto-currency's future then we should support it of course with the legitimate projects that is.


Title: Re: KYC for penny money?
Post by: Indamuck on April 27, 2019, 01:41:06 PM
I've read some very disastrous stories of identity fraud, a lot of them don't realize just how much damage can truly be done by these types of criminals.  It is a real hassle to try to clear up any of the wrongdoing they do and you can't always get the financial issues resolved with your companies.


Title: Re: KYC for penny money?
Post by: Pab on April 27, 2019, 02:06:11 PM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?

Stay away from giving your ID to unregistered bodies.It is stealing
Mostly persons what are asking you for KYC have no any rights to do it
It is in fact criminal activity and  can be reported to police or any regulatory  bodies
Do not enter any bounty what is promising you money and wants your KYC
It is illegal at all


Title: Re: KYC for penny money?
Post by: sarmrakib on April 27, 2019, 02:56:04 PM
I think we should need to more careful about KYC .We don't need to provide our KYC for a airdorp or anything what we don't necessary really. We should keep our identity secured .


Title: Re: KYC for penny money?
Post by: Dr.Osh on April 27, 2019, 04:25:09 PM
I think we should need to more careful about KYC .We don't need to provide our KYC for a airdorp or anything what we don't necessary really. We should keep our identity secured .
this is something common. I also will not give my identity easily, especially on something that is not clear. well, now it's very easy to use other people's identities. even though this is only limited to the mind, but you are right, that it is not easy to give our identity to others.


Title: Re: KYC for penny money?
Post by: Airbuxf on May 06, 2019, 07:47:12 PM
That's KYC in exchanges is something what I don't like but governments forces them to do that, but ICOs who want KYC for some airdrop or bounty I don't understand. There is no need KYC in that situation, and if they want to not have cheaters there could be sth like simplified KYC where you show your selfie with dokument where you can hide everything except name and surname.


Title: Re: KYC for penny money?
Post by: mangsitin on May 06, 2019, 08:50:00 PM
If a project doesn't look promising but requires me to do KYC for that, I will refuse and stay away from the project, because for me my data security is the main thing, so research is needed and always be careful when a project wants you to make KYC.


Title: Re: KYC for penny money?
Post by: akiho yoshizawa on May 06, 2019, 09:46:50 PM
I don't think it makes sense that just to get a coin for free must sacrifice one's own personal identity because we also don't know the people behind it. very dangerous if we give identity to people who don't know who they are at all, maybe they don't have bad thoughts but it would be nice not to follow it and there are still many ways to get coins for free by participating in the bounty program I think better.


Title: Re: KYC for penny money?
Post by: dameh2100 on May 06, 2019, 10:23:27 PM
Theres a Lot of free money in cryptoworld, sometimes you need to do KYC before you receive your Penny money and sometimes you don’t need to. On the other-hand, they are both penny money, it’s your choice if you want to take a risk for just small amount of money. But for me of-course, its the best to not get involved and risk your identity for just that small amount.


Title: Re: KYC for penny money?
Post by: bitcoin31 on May 06, 2019, 11:08:07 PM
Theres a Lot of free money in cryptoworld, sometimes you need to do KYC before you receive your Penny money and sometimes you don’t need to. On the other-hand, they are both penny money, it’s your choice if you want to take a risk for just small amount of money. But for me of-course, its the best to not get involved and risk your identity for just that small amount.
Not getting involved is best choice because we can't trust anyone, for sure if the reward is a lot of money they will give all their information but for small peny you can't do that because they have alternative way for every person to earn money with free only need is to participate withouf submitting their KYC they will earn money like signature campaign.


Title: Re: KYC for penny money?
Post by: Oceat on May 06, 2019, 11:08:16 PM
Theres a Lot of free money in cryptoworld, sometimes you need to do KYC before you receive your Penny money and sometimes you don’t need to. On the other-hand, they are both penny money, it’s your choice if you want to take a risk for just small amount of money. But for me of-course, its the best to not get involved and risk your identity for just that small amount.
If people have lots of choices why would they give their personal identification to someone who they didn't know? Since most people in Asian countries are not that rich, they aren't afraid to take the risk of handing their personal details to someone especially to those people who work with a minimum wage.


Title: Re: KYC for penny money?
Post by: hahahafr on May 06, 2019, 11:40:39 PM
It's such a shame that people would stoop so low and do this for money. There is no get rich fast in this real world of our people. Work hard and it would surely produce something substantial for you to live by it.


Title: Re: KYC for penny money?
Post by: BennyK on May 07, 2019, 12:13:21 AM
KYC has nothing to do with the amount of reward received for joining a bounty program. KYC is for verification purposes and other legal matters that the project may need to deal with. This is why bounty hunters must do thorough research into the program before joining the bounty in order to know the potentials and capabilities of the project hitting the jackpot.


Title: Re: KYC for penny money?
Post by: jakezyrus on May 07, 2019, 12:39:44 AM
KYC has nothing to do with the amount of reward received for joining a bounty program.

of course it does matter because afaik kyc is commonly done on bigger transaction like for example if you are withdrawing a huge amount of cash and if you are an investor of an ico but kyc on an airdrop and on a bounty is not usual anymore .

KYC is for verification purposes and other legal matters that the project may need to deal with. This is why bounty hunters must do thorough research into the program before joining the bounty in order to know the potentials and capabilities of the project hitting the jackpot.

but i still dont get the connection of a kyc with a bounty or maybe you are trying to say that kyc related bounties are more legit than a bounty that does not require a kyc ?


Title: Re: KYC for penny money?
Post by: waynechong1995 on May 07, 2019, 12:55:38 AM
KYC initially have very use case previously. They use it to verify their customer as standard regulations procedures but seems nowdays airdrops are trying to get as much information from person with no means of complying personal data protection, I joined such and for awhile during the bull I was getting lots of scam calls and messages regarding investments and binary option


Title: Re: KYC for penny money?
Post by: Pattart on May 07, 2019, 03:16:08 AM
Theres a Lot of free money in cryptoworld, sometimes you need to do KYC before you receive your Penny money and sometimes you don’t need to. On the other-hand, they are both penny money, it’s your choice if you want to take a risk for just small amount of money. But for me of-course, its the best to not get involved and risk your identity for just that small amount.
If people have lots of choices why would they give their personal identification to someone who they didn't know? Since most people in Asian countries are not that rich, they aren't afraid to take the risk of handing their personal details to someone especially to those people who work with a minimum wage.
There are many choices in making money in crypto, and there are many bounties that don't require KYC, I won't do it for just for
a few pennies, I won't risk my identity just because of a small reward, it's not worthed you know


Title: Re: KYC for penny money?
Post by: Farma on May 07, 2019, 06:04:28 AM
Purchase an ICOs is not important for us using KYC because we use our money to buy ICOs not earn coins by free way, we make investment and our data is most important than our data using for KYC.
many think that their personal data is very important and confidential, because of this, many people do not want to do KYC. even I did it only if it was needed. for other things, sometimes people sell their identity easily, even for little money, and sometimes with projects that are not very clear.


Title: Re: KYC for penny money?
Post by: Helpme_please on May 07, 2019, 06:37:21 AM
Purchase an ICOs is not important for us using KYC because we use our money to buy ICOs not earn coins by free way, we make investment and our data is most important than our data using for KYC.
many think that their personal data is very important and confidential, because of this, many people do not want to do KYC. even I did it only if it was needed. for other things, sometimes people sell their identity easily, even for little money, and sometimes with projects that are not very clear.
personally i will not do this,my personal data more expensive than just bounty reward.its very dangerous to give our personal data to strength people moreover in decentralized market.


Title: Re: KYC for penny money?
Post by: LogitechMouse on May 07, 2019, 07:41:29 AM
If they are desperate enough for that "penny money" you are saying then they will give their information without thinking of the risks of it.

I often see this in the airdrops and bounty campaigns where the participants are required to send their personal information in exchange for a small penny and in the end, it will be useless because the token has no value. To be honest, I will not do this. I will not risk my personal information for the sake of "small penny".


Title: Re: KYC for penny money?
Post by: smyslov on May 07, 2019, 10:15:29 AM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?

They haven't realized the danger of giving their important details for a few penny, all they want s to get as many free coins they could get because they are promised with a huge amount of money by these developers until they found out that they are claiming worthless or shitcoins.


Title: Re: KYC for penny money?
Post by: dat.ho12492 on May 07, 2019, 03:39:18 PM
KYC initially have very use case previously. They use it to verify their customer as standard regulations procedures but seems nowdays airdrops are trying to get as much information from person with no means of complying personal data protection, I joined such and for awhile during the bull I was getting lots of scam calls and messages regarding investments and binary option
Yes, KYC for free crypto right now is really something we should not do when the value of those crypto is not too high, the reward is just a small number, participation is just a waste of time and can get results as you say, a leak of personal information, and we should remember that our information is very important, it can be related to the assets in the exchanges, the number will be huge. Personal information with a few dollars reward, an inappropriate exchange, keep away from such cases, it will be better for us


Title: Re: KYC for penny money?
Post by: ecnalubma on May 07, 2019, 04:17:54 PM
Some people have no idea on what they're doing, but instead of bashing sometimes I tend to warn them and explain how valuable their identities are. Some scammers make their promotions attractive thats why they can always attract their preys.


Title: Re: KYC for penny money?
Post by: senin on May 07, 2019, 04:23:11 PM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?
I think that such generosity should be ignored and avoided. For the distribution of free coins or tokens, no one has the right to request a KYC check. KYC checks should be conducted only to prevent the laundering of dirty money and combat the financing of terrorism. Therefore, such a test can be carried out by individuals who invest in cryptocurrency. It is hardly worth suspecting all those who distribute several free tokens that they are hunting for confidential data, although this is not excluded. Most likely, they themselves do not know their authority and do what others do.


Title: Re: KYC for penny money?
Post by: tyz on May 07, 2019, 04:50:27 PM
KYC has nothing to do with the amount of reward received for joining a bounty program.

of course it does matter because afaik kyc is commonly done on bigger transaction like for example if you are withdrawing a huge amount of cash and if you are an investor of an ico but kyc on an airdrop and on a bounty is not usual anymore .

Wrong, it used to be like that in the past. Meanwhile, a KYC is mostly requested from bounty campaigns for every sum (even very small ones of $10 or $20). This is ridiculous from a regulatory point of view. Often it's just about fishing identities. If you're in Darknet, you'll find a lot of offers of different identities with a copy of the ID and a bill where many will surely come from KYCs.


Title: Re: KYC for penny money?
Post by: wxa7115 on May 13, 2019, 09:43:33 PM
Theres a Lot of free money in cryptoworld, sometimes you need to do KYC before you receive your Penny money and sometimes you don’t need to. On the other-hand, they are both penny money, it’s your choice if you want to take a risk for just small amount of money. But for me of-course, its the best to not get involved and risk your identity for just that small amount.
Many people are so desperate to get money that they are going to do everything they are told even if that means giving up their identity to scammers, they do this because they see cryptocurrencies as the only hope they have to improve their living conditions, but most of those projects that ask for KYC are not really going to become successful as many people among the community do not agree with such a thing and they are never going to invest in such coins.

This limits the money they could get to develop their project and also limits the talent pool they have since many developers will probably refuse to work with a project that ask for that kind of information, as such it is better to stay away from such projects and never invest in them.


Title: Re: KYC for penny money?
Post by: MakeMoneyBtc on May 13, 2019, 10:36:53 PM
Some people have no idea on what they're doing, but instead of bashing sometimes I tend to warn them and explain how valuable their identities are. Some scammers make their promotions attractive thats why they can always attract their preys.
Well, for some people their identity could actually worth less than the reward they are getting from completing such KYC's. For example the minimum wage in countries like India is about 50$ from what I remember and right now Blockchain is offering a reward of 50$ for verifying your identity. This means that a person from India would earn a monthly salary for completing a 5 minute task.


Title: Re: KYC for penny money?
Post by: andriarto on May 14, 2019, 02:28:04 AM
Some people have no idea on what they're doing, but instead of bashing sometimes I tend to warn them and explain how valuable their identities are. Some scammers make their promotions attractive thats why they can always attract their preys.
Well, for some people their identity could actually worth less than the reward they are getting from completing such KYC's. For example the minimum wage in countries like India is about 50$ from what I remember and right now Blockchain is offering a reward of 50$ for verifying your identity. This means that a person from India would earn a monthly salary for completing a 5 minute task.
all back to yourself. with someone giving up the kyc even though it's a small gift. but there are also those who do not crash to surrender Kyc. especially sometimes we only know the rate of the coin after the process ends, because the new listing


Title: Re: KYC for penny money?
Post by: Sithara007 on May 14, 2019, 03:28:56 AM
Some people have no idea on what they're doing, but instead of bashing sometimes I tend to warn them and explain how valuable their identities are. Some scammers make their promotions attractive thats why they can always attract their preys.

You are absolutely right. Just create an account in any of the currently active dark market sites, and you can understand the severity of this problem. KYC documents are available to be purchased in bulk, for as little as $10 per document. These documents are in turn used for criminal activities and money laundering, and in the end the victims of the identity theft will be caught up in the investigation. My only advise is not to take this big risk, in order to receive $10 o $15 in bounties.


Title: Re: KYC for penny money?
Post by: Farma on May 14, 2019, 03:43:51 AM
Some people have no idea on what they're doing, but instead of bashing sometimes I tend to warn them and explain how valuable their identities are. Some scammers make their promotions attractive thats why they can always attract their preys.

You are absolutely right. Just create an account in any of the currently active dark market sites, and you can understand the severity of this problem. KYC documents are available to be purchased in bulk, for as little as $10 per document. These documents are in turn used for criminal activities and money laundering, and in the end the victims of the identity theft will be caught up in the investigation. My only advise is not to take this big risk, in order to receive $10 o $15 in bounties.
that's the danger of giving our identity to the unknown. sometimes people are so interested in 10-20 $ for KYC fees. in fact, we do not know that that identity can be used for crime. it's better to be careful before giving our identity to someone.


Title: Re: KYC for penny money?
Post by: Loopper on May 14, 2019, 04:14:05 AM
Some people have no idea on what they're doing, but instead of bashing sometimes I tend to warn them and explain how valuable their identities are. Some scammers make their promotions attractive thats why they can always attract their preys.

You are absolutely right. Just create an account in any of the currently active dark market sites, and you can understand the severity of this problem. KYC documents are available to be purchased in bulk, for as little as $10 per document. These documents are in turn used for criminal activities and money laundering, and in the end the victims of the identity theft will be caught up in the investigation. My only advise is not to take this big risk, in order to receive $10 o $15 in bounties.
that's the danger of giving our identity to the unknown. sometimes people are so interested in 10-20 $ for KYC fees. in fact, we do not know that that identity can be used for crime. it's better to be careful before giving our identity to someone.

It could happen with your carelessness later. many people are wrong to use data from what we have sent. It's true that you don't trust other people, Which is not necessarily the truth.


Title: Re: KYC for penny money?
Post by: Ozero on May 14, 2019, 04:52:29 AM
KYC checks for participants in ICO bounty campaigns are completely illegal because they run counter to the task of conducting such a check. ICO teams abuse their rights in this case, taking advantage of the lack of regulation of this type of activity. Therefore, it would be best not to join those events that require KYC verification or provide them with false data. In this case there will be no responsibility either.


Title: Re: KYC for penny money?
Post by: emmybd on May 14, 2019, 05:05:51 AM
I am totally against giving your personal info for a small amount of money, as you personal data can be used in future for any illegal ways. So, bounty hunters should be careful about it.


Title: Re: KYC for penny money?
Post by: Apes on May 14, 2019, 02:29:21 PM
I am totally against giving your personal info for a small amount of money, as you personal data can be used in future for any illegal ways. So, bounty hunters should be careful about it.
Yes. everyone will refuse to do KYC, especially the bounty participants. only fools do KYC for pennies. as far i know do KYC, it is mandatory if the received funds are at least 1 BTC, other than that the are not required. doing KYC on projects that gives penny is very risky. because identity validation is very valuable on the global internet.


Title: Re: KYC for penny money?
Post by: fiulpro on May 14, 2019, 03:01:32 PM
As we all know the government time and again reminds us how it's not at all a great idea to share your personal details to someone you barely know , if someone is giving money free for taking those details I don't know if it's not fishy then what will it be ?
Even a survey could be done from that but at the same time who would like giving out his cash ?
Things like that might not be fraud but also at the same time aren't something that you should do.
Better keep your identity rather than having 1$ or a 2 .


Title: Re: KYC for penny money?
Post by: Pamadar on May 14, 2019, 03:10:23 PM
As we all know the government time and again reminds us how it's not at all a great idea to share your personal details to someone you barely know , if someone is giving money free for taking those details I don't know if it's not fishy then what will it be ?
Even a survey could be done from that but at the same time who would like giving out his cash ?
Things like that might not be fraud but also at the same time aren't something that you should do.
Better keep your identity rather than having 1$ or a 2 .
In that sense and small amount of money why bother to do things like this, you need to protect your identity as there's always possibilities that you'll be hack or it can be used in a illegal things online, if you are willing to take the gamble make sure that you are fully aware of what you are supporting or dealing with.


Title: Re: KYC for penny money?
Post by: Netnox on May 14, 2019, 03:27:30 PM
I am totally against giving your personal info for a small amount of money, as you personal data can be used in future for any illegal ways. So, bounty hunters should be careful about it.
Yes. everyone will refuse to do KYC, especially the bounty participants. only fools do KYC for pennies. as far i know do KYC, it is mandatory if the received funds are at least 1 BTC, other than that the are not required. doing KYC on projects that gives penny is very risky. because identity validation is very valuable on the global internet.

In case a bounty campaign ask for KYC, then people like you and me, and 90% of the users here in Bitcointalk will flatly refuse to undergo that process. But even then, there will be a small minority who are desperate for cash. $20 or $50 doesn't mean anything for me, but in certain third world nations, that can be a very big amount.


Title: Re: KYC for penny money?
Post by: cryptjh on May 14, 2019, 05:59:39 PM
I would never do KYC to an anonymous blockchain team in a random ico, then better miss out. I have done KYC on a few exchanges that accept fiat, so I can use my credit card to buy bitcoins, I also did the $25 KYC on blockchain, to get free XLM.
But I have never liked to give away KYC, one day they will be leaked to the web, and if bitcoins become the new world currency, then having your name on a bitcoin holding list can be dangerous.


Title: Re: KYC for penny money?
Post by: pushups44 on May 14, 2019, 06:24:59 PM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?

I believe it's a bad idea to hand over KYC documents over bounty promises, especially involving projects paying a pittance to bounty hunters. I believe bounty hunters need to take a collective stand and refuse participation in such schemes, because by taking part in them they are giving these projects credibility and saying it's OK.


Title: Re: KYC for penny money?
Post by: Tervelatuk on May 14, 2019, 06:47:44 PM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?

I believe it's a bad idea to hand over KYC documents over bounty promises, especially involving projects paying a pittance to bounty hunters. I believe bounty hunters need to take a collective stand and refuse participation in such schemes, because by taking part in them they are giving these projects credibility and saying it's OK.
i will not give personal data for penny money .it just be the advantages for developers team, in investors sight they look like very bonafide and qualified , but on other side bounty hunter harmed by this policy.


Title: Re: KYC for penny money?
Post by: pishite on May 14, 2019, 06:56:25 PM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?

Most likely, only people from poor countries are ready to submit their data for pennies, or beginners who so far understand little of it. This is not correct and there should be some kind of punishment for collecting information, especially since hosting is registered to a real name and the hosting team should deal with this.


Title: Re: KYC for penny money?
Post by: Landak on May 14, 2019, 10:08:07 PM
if the exchanger is like coinbase that tells us to do kyc, to get penny money, I might do it (I believe in coinbase). but if asked to do Kyc, on something that is not clear especially with money that is not in accordance with the risk of our identity, which can be widespread to be used illegally, I better avoid it. whatever the temptation trick, the risk is too high, just for penny money.


Title: Re: KYC for penny money?
Post by: TimeTeller on May 14, 2019, 11:55:55 PM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?

Most likely, only people from poor countries are ready to submit their data for pennies, or beginners who so far understand little of it. This is not correct and there should be some kind of punishment for collecting information, especially since hosting is registered to a real name and the hosting team should deal with this.

A lot of people don't bother that they are getting pennies from this kyc stuff.
Most of them thought that at the end of the day, it is still money that can help them survive for another day.
And they have nothing to lose, the reason why they don't care where their identities end up with.
This is the weapon used by many scammers, they can always get naive users and they are banking on them.


Title: Re: KYC for penny money?
Post by: marcbitcoins on May 15, 2019, 12:39:24 AM
Most common advice here is to do not be easily be fooled by this site as our data is priceless which is more valuable than those penny money. If you will not stay away from this kind of trick then they will earned from your data and you might put your identity at risk as they might use your data in illegal activities.


Title: Re: KYC for penny money?
Post by: fourpiece on May 15, 2019, 02:25:25 AM
That's the stupidiest thing that I will do just for a penny. I only do kyc on exchanges just to verify my account to be able to withdraw


Title: Re: KYC for penny money?
Post by: ApocalypseNow on May 15, 2019, 02:57:33 AM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?
 

I don't really support this kind of this procedure just to get the reward you did for the task needed. If you are an airdrop participants who are willing to do thi then you must be very desperate. Maybe that value is bigger locally but these participants never truly care if it will lead to utilizing their docs for crimes and the worst part is that those free or airdropped tokens has no value at all.


Title: Re: KYC for penny money?
Post by: Netnox on May 15, 2019, 03:37:46 AM
I would never do KYC to an anonymous blockchain team in a random ico, then better miss out. I have done KYC on a few exchanges that accept fiat, so I can use my credit card to buy bitcoins, I also did the $25 KYC on blockchain, to get free XLM.
But I have never liked to give away KYC, one day they will be leaked to the web, and if bitcoins become the new world currency, then having your name on a bitcoin holding list can be dangerous.

I would advise you against doing KYC in exchanges as well. I went through the KYC process for at least a dozen exchanges during the past 3-4 years, and you don't know how much I regret about it right now. The exchanges are getting hacked right, left and center. So far this year, we had two major hacks (Binance and Cryptopia). Your data is no longer safe with the exchanges. Also, I regard Blockchain.com as a reliable online wallet. But why they encourage the users to go through the KYC process? Why they want to know about the real identity of the users?


Title: Re: KYC for penny money?
Post by: fauzan Ichsan on May 15, 2019, 04:52:34 AM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?
 

I don't really support this kind of this procedure just to get the reward you did for the task needed. If you are an airdrop participants who are willing to do thi then you must be very desperate. Maybe that value is bigger locally but these participants never truly care if it will lead to utilizing their docs for crimes and the worst part is that those free or airdropped tokens has no value at all.
I agree, to get a prize, of course don't give up your identity, for any reason. many ico asked for it, even though they gave gifts as if they were inappropriate, so I personally avoided the presence of kyc


Title: Re: KYC for penny money?
Post by: Ozero on June 03, 2019, 05:39:30 AM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?
I absolutely do not see the point of requiring KYC to be checked if the reward is minimal. This grossly violates the principles of the KYC audit, according to which such an audit should be conducted only with the aim of preventing the laundering of dirty money and fighting the financing of terrorism.
It should also be borne in mind here that checking KYC against participants of ICO bounty campaigns is generally illegal, this is a clear abuse of their rights by the ICO team and I hope that the subsequent regulation of this type of activity by state bodies will eliminate these violations.


Title: Re: KYC for penny money?
Post by: Free1bitco.in on June 03, 2019, 06:16:18 AM

I agree, to get a prize, of course don't give up your identity, for any reason. many ico asked for it, even though they gave gifts as if they were inappropriate, so I personally avoided the presence of kyc
some companies do that to recognize who their investors are, but for bounty hunters it seems different. well, however they have their own goals, whether it's to increase the number of their users or others. so far, I have avoided using kyc on something that is not clear just for a few dollars.


Title: Re: KYC for penny money?
Post by: Wingo on June 03, 2019, 07:20:00 AM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?

Talking about airdrops? Yeah many of those shits are just taking people's information. The problem is, they are getting sensitive information like images of IDs and Passports which can be used for malicious acts. It is uncontrollable, the only thing that we can do is not trust any of those unless the company behind it is legitimate.


Title: Re: KYC for penny money?
Post by: congresowoman on June 03, 2019, 08:40:47 AM
from the very beginning I am against this whole KYC thing on the grounds that it poses a great risk for the identity of those forwarding their IDs to companies requiring these. But we can really do nothing on this cause this is really required in those states or places in order that these currencies be usable -- it is a matter of compliance. All I hope for is that these precious identities be stored in a high security storage so as not to compromise people and their data.


Title: Re: KYC for penny money?
Post by: awik p on June 03, 2019, 08:49:57 AM
from the very beginning I am against this whole KYC thing on the grounds that it poses a great risk for the identity of those forwarding their IDs to companies requiring these. But we can really do nothing on this cause this is really required in those states or places in order that these currencies be usable -- it is a matter of compliance. All I hope for is that these precious identities be stored in a high security storage so as not to compromise people and their data.
in essence, we can only hope that the identity is not misused. but for me it is best to avoid projects that ask for identity for our personal safety. we know there is no strict legal protection for this case


Title: Re: KYC for penny money?
Post by: mirawantirinjana on June 03, 2019, 09:59:38 AM
I am totally against giving your personal info for a small amount of money, as you personal data can be used in future for any illegal ways. So, bounty hunters should be careful about it.
in the end very many people submitted their personal documents just to get small amounts of money.
Bounty hunters have no choice, other than because they need money for the work they do, they also don't want to waste their time without getting any compensation if they don't hand over the KYC.


Title: Re: KYC for penny money?
Post by: Naughty Princess on June 03, 2019, 11:03:08 AM
I am totally against giving your personal info for a small amount of money, as you personal data can be used in future for any illegal ways. So, bounty hunters should be careful about it.
in the end very many people submitted their personal documents just to get small amounts of money.
Bounty hunters have no choice, other than because they need money for the work they do, they also don't want to waste their time without getting any compensation if they don't hand over the KYC.
I agree. Personal info have to give to gain even small amount because you work for it. Though we just have to be careful and know where the info go, if it gonna safe. There are less works in the forum especially bounties that do not require kyc, so better to choose whether it request kyc. If the project is good and going to pay well, giving kyc would be worth it.


Title: Re: KYC for penny money?
Post by: coin-investor on June 03, 2019, 12:17:39 PM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?

I have this feeling that some bounty hunters are not using their own credentials to submit, some of them might be using other's information that they've bought so they can participate in those airdrops and bounty hunting that needs KYC, common sense tells us you will not risk your yourself for a few pennies.


Title: Re: KYC for penny money?
Post by: indrakusumaindra on June 03, 2019, 12:45:12 PM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?
Well i do think it would be wise to not give anyone your identity, the reasons is:
 1. first it would be use for crime
2. Someone could possibly take important things from your identity such as date of birth and etc.
3. it might be not worthed at all to participate in airdrop that required KYC
4. They might use it for spamming your account and send you malicious link and virus.


Title: Re: KYC for penny money?
Post by: lutfi-hasan on June 03, 2019, 01:04:07 PM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?
Well i do think it would be wise to not give anyone your identity, the reasons is:
 1. first it would be use for crime
2. Someone could possibly take important things from your identity such as date of birth and etc.
3. it might be not worthed at all to participate in airdrop that required KYC
4. They might use it for spamming your account and send you malicious link and virus.
It is very terrible if our data is used for crime, so we ourselves become victims, I myself am very careful if I want to do KYC against unclear projects.


Title: Re: KYC for penny money?
Post by: Prettyme on June 03, 2019, 01:55:57 PM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?

Yeah you're right, there would be some instances that other greedy people will going to use your identity to scam someone so in giving our identity information we should try to examine the person we're giving our identity to avoid any using of someone's identity. People should always be careful especially giving personal information.


Title: Re: KYC for penny money?
Post by: ethereumhunter on June 03, 2019, 02:28:10 PM
I think it is not worth if we do KYC for some penny because they can use our identity for anything they want and we don't know what will they do after they collect the member identity. If they can prove that they will use the member identity for anything especially for the illegal thing, then we can send them the identity but once again, that will not worth if the rewards are just penny money.


Title: Re: KYC for penny money?
Post by: pealr12 on June 03, 2019, 02:34:19 PM
Most of airdrop and bounty campaigns requires kyc for all the participants even the yonly get small rewards,  i wont give my identity in public or to anybody to be use by other people in illegal activities  in exchange for a small amount


Title: Re: KYC for penny money?
Post by: Koadharber on June 03, 2019, 03:08:59 PM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?

I have this feeling that some bounty hunters are not using their own credentials to submit, some of them might be using other's information that they've bought so they can participate in those airdrops and bounty hunting that needs KYC, common sense tells us you will not risk your yourself for a few pennies.

Indeed no one will participate in the airdrop that is giving small amount of payment especially when they have requirements to do Kyc,those people who is participating with that airdrop is using other identity or a dumb people that is not thinking about the risk because they think only the money.


Title: Re: KYC for penny money?
Post by: bittick on June 03, 2019, 03:33:48 PM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?

I have this feeling that some bounty hunters are not using their own credentials to submit, some of them might be using other's information that they've bought so they can participate in those airdrops and bounty hunting that needs KYC, common sense tells us you will not risk your yourself for a few pennies.

Indeed no one will participate in the airdrop that is giving small amount of payment especially when they have requirements to do Kyc,those people who is participating with that airdrop is using other identity or a dumb people that is not thinking about the risk because they think only the money.

If they are really thinking about the money they will not bother getting the pennies since they could outright sell their ID for higher price anyway (DONT DO THAT)
People who are really giving away their ID in exchanges of pennies are pure dumb, there's no cure for that but atleast we can give them advice that their ID will be sold in the dark web and they will need to face trouble in the future because of few cents.


Title: Re: KYC for penny money?
Post by: AntoCokbun on June 03, 2019, 06:41:06 PM
It's really unfair if we have to send our personal identities for just a few cents, I think it's too risky and I usually reject it and ignore it because it's true sometimes the fear of our identity is used for bad things.


Title: Re: KYC for penny money?
Post by: mangsitin on June 03, 2019, 08:31:28 PM
It's really unfair if we have to send our personal identities for just a few cents, I think it's too risky and I usually reject it and ignore it because it's true sometimes the fear of our identity is used for bad things.
Yes, from now on we do not send our valuable identity for penny money, because it is very dangerous, look for projects that do not involve KYC. Because there are still many good projects without having to make KYC.


Title: Re: KYC for penny money?
Post by: bitcoin31 on June 03, 2019, 10:31:26 PM
It's really unfair if we have to send our personal identities for just a few cents, I think it's too risky and I usually reject it and ignore it because it's true sometimes the fear of our identity is used for bad things.
It is very risky for the person who are going to pass their Kyc or the real Identity they have now.

Im scared to pass my KYC to because we know many scammer are using other information to hide their real Identity.

Rejecting that offer can save you from any trouble that can experience possible to you in the future secure yourself.


Title: Re: KYC for penny money?
Post by: DigitalGemToken on June 04, 2019, 05:21:33 AM
I would be cautious.

Everyone should weigh the benefits and risks before giving out their identity documents for KYC. Identity theft is one of the fastest growing crime these days and I don't think that it is worth it to supply your identity documents for a few airdrops.

Our cryptocurrency for instance will never require KYC's for airdrops and that is because we are not scams or criminals.


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Title: Re: KYC for penny money?
Post by: costanos02 on June 05, 2019, 01:15:27 AM
It is not healthy if you reveal your identity for a few penny, this wrong doing is not advisable, this is a serious matter, your identity is much important compare small amount you earned.

And of course it is your choice, just a simple reminder always think twice before you make a decision.

You gave your identity for small amount of money and the person who use your identity earned lots of money.


Title: Re: KYC for penny money?
Post by: Aldrinx00 on June 05, 2019, 03:44:37 AM
There's lot of people who would give out their identity in exchange of penny, they don't know that those guys would just sell their identity to thieves. Let's be careful on participating on those scam projects and let's prevent and ignore them.


Title: Re: KYC for penny money?
Post by: Distinctin on June 05, 2019, 04:16:34 AM
There's lot of people who would give out their identity in exchange of penny, they don't know that those guys would just sell their identity to thieves. Let's be careful on participating on those scam projects and let's prevent and ignore them.
Maybe they are not aware, but they are giving it to get the reward, we can't blame them if they really are desperate to get the money.
KYC is going to be a norms in the financial world and since we like crypto to be regulated, we should not complain if we give our identity for KYC requirement, I'm just hoping that those who require will also get the punishment if they broke the law.


Title: Re: KYC for penny money?
Post by: tukagero on June 05, 2019, 05:16:19 AM
For just a penny you will give your personal details to people you dont know. Bounty hunters doing this dont know the risk when giving their kyc to an unknown people.


Title: Re: KYC for penny money?
Post by: rez303 on June 05, 2019, 07:43:51 AM
I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?
I am also very afraid of this. I only provide my personal information at large exchange rates like Binance and Huobi because they just want to certify that I am an investor.
But I will not give my information to some unnamed apps. I am very afraid of my information being abused for some illegal activities.


Title: Re: Think and search before you give everything!
Post by: Pumapipa on June 05, 2019, 08:31:41 AM

It's not worth it to exchange your any ID just for those airdrops or free cryptocurrencies that they offer. I always avoid those kind of posts and ignore people them on social medias.


100% true on this. I really do not get it why people are willing to exchange precious data for cheap money. I mean, people wake up, these people asking for your identities might be making more money selling your identities, then what do they give you-- little money in exchange to big things like ID. Please be careful. Try your best to not participate on this kind of campaigns or airdrops requiring these.


Title: Re: KYC for penny money?
Post by: Yutikas_11920 on June 05, 2019, 09:10:06 AM
For just a penny you will give your personal details to people you dont know. Bounty hunters doing this dont know the risk when giving their kyc to an unknown people.

well, usually those like that are those who don't care about their identity which is only valued very cheaply, they don't know that the identity given can be used for crime even identity can be sold on the black market at high prices.


Title: Re: KYC for penny money?
Post by: pealr12 on June 05, 2019, 09:46:50 AM
Those who give thier private info to get their bounty  rewards are desperate. And giving private identity will result to hacking of thier accounts, or worst thing that will happen they will the identity to make illegal activities.


Title: Re: KYC for penny money?
Post by: Vishnu.Reang on June 05, 2019, 12:49:20 PM
Those who give thier private info to get their bounty  rewards are desperate. And giving private identity will result to hacking of thier accounts, or worst thing that will happen they will the identity to make illegal activities.

In general, the noobs are very desperate to get their hands in to some crypto. And unless you manages to improve your forum rank to at least a senior member, doing that is very difficult here in this forum. So there are limited options available for them. They may refuse KYC initially, but in the end at least some of them may get frustrated enough to undergo this process.


Title: Re: KYC for penny money?
Post by: breathlessz on June 05, 2019, 01:20:39 PM
Those who give thier private info to get their bounty  rewards are desperate. And giving private identity will result to hacking of thier accounts, or worst thing that will happen they will the identity to make illegal activities.

In general, the noobs are very desperate to get their hands in to some crypto. And unless you manages to improve your forum rank to at least a senior member, doing that is very difficult here in this forum. So there are limited options available for them. They may refuse KYC initially, but in the end at least some of them may get frustrated enough to undergo this process.
but for me, despite despair, we must think of personal security, which is knowing the risks that can be obtained when giving our identity. this is very risky to use for negative activities



Title: Re: KYC for penny money?
Post by: bitcoin31 on June 05, 2019, 03:12:50 PM
Those who give thier private info to get their bounty  rewards are desperate. And giving private identity will result to hacking of thier accounts, or worst thing that will happen they will the identity to make illegal activities.
They are really desperate but they have bounty did not apply KYC but after the campaign they change their rules and they required KYC and the participants don't choice to submit their KYC and also if the reward is vert high. But if the reward is very low ignore it and don't send your kyc to make safe your information to not use in scamming.


Title: Re: KYC for penny money?
Post by: betty11 on June 06, 2019, 05:25:28 AM
People have got to becareful of who they give out their identity to, some identities are been sold for cheap and will be use for dubious means, I don't give out my identity to shitty projects. I did Rentoo bounty, at the start there was nothing like KYC, at the later part, they demanded for KYC and proof of address, which can be a bank statement, I refuse to complete KYC because I think the project is going to scam.