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Author Topic: US citizens, ICO's, SEC and VPN's  (Read 765 times)
kriptokrayt (OP)
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August 28, 2017, 04:47:38 AM
 #1

Hi all


It's come to my attention that almost all ICO's do not permit US citizens from partaking in the ICO.


So Ive been looking up ways to get around this obstacle and the method that comes up regularly is using VPN's.


I have a few questions regarding the use of VPN's:


1) If they are pretty much guaranteed to work in the context of ICO's
 
2) Which specific VPN's have been used successfully in the past for participating in ICO's

3) Are there legal ramifications of using VPN's to participate in ICO's

4) What are the odds of being caught using VPN's to participate in ICO's



Thanks to everyone for taking the time to read this, and hoping to see some great feedback!


cheers
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August 28, 2017, 04:57:54 AM
 #2

If You need a VPN - try http://www.freesafeip.com/
it work for free

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August 28, 2017, 05:02:27 AM
 #3

I am from europe and cant create account in usa ico.

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qwik2learn
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August 28, 2017, 05:29:59 AM
 #4

:


1) If they are pretty much guaranteed to work in the context of ICO's
 
2) Which specific VPN's have been used successfully in the past for participating in ICO's

3) Are there legal ramifications of using VPN's to participate in ICO's

4) What are the odds of being caught using VPN's to participate in ICO's

Just go for it! Use any good VPN. As long as you are not using Tor, your IP will never be blacklisted. Your VPN keeps no logs? Great! You are safe!
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August 28, 2017, 06:50:41 AM
 #5

I have a few questions regarding the use of VPN's:

1) If they are pretty much guaranteed to work in the context of ICO's
 
2) Which specific VPN's have been used successfully in the past for participating in ICO's

3) Are there legal ramifications of using VPN's to participate in ICO's

4) What are the odds of being caught using VPN's to participate in ICO's

They are pretty much guaranteed to work. At this point, the most you'd see is simple IP restriction. A VPN should do, and for this, just about any VPN will work. If you are concerned about your privacy, use a no-log VPN like Private Internet Access. The legal ramifications are probably limited to not being able to seek legal recourse against ICO organizers (which you probably couldn't do anyway). The odds of being caught are low. As someone above said, just use a solid VPN and avoid TOR.
kriptokrayt (OP)
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August 28, 2017, 07:47:56 AM
 #6

I have a few questions regarding the use of VPN's:

1) If they are pretty much guaranteed to work in the context of ICO's
 
2) Which specific VPN's have been used successfully in the past for participating in ICO's

3) Are there legal ramifications of using VPN's to participate in ICO's

4) What are the odds of being caught using VPN's to participate in ICO's

They are pretty much guaranteed to work. At this point, the most you'd see is simple IP restriction. A VPN should do, and for this, just about any VPN will work. If you are concerned about your privacy, use a no-log VPN like Private Internet Access. The legal ramifications are probably limited to not being able to seek legal recourse against ICO organizers (which you probably couldn't do anyway). The odds of being caught are low. As someone above said, just use a solid VPN and avoid TOR.


Awesome thank you for your feedback


Im just wondering if there's a chance that in addition to testing my IP address for not being from the US, that they would do additional forms of KYC like government-issued ID or passport, which would essentially foil my plans altogether

Or is it more like mutually-exclusive as in either they do IP address screening OR KYC ID/passport?
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August 28, 2017, 01:23:18 PM
 #7

i understand there are ico's only for american citizens? is it true? and why?

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August 28, 2017, 03:52:07 PM
 #8

Foreign ICOs are still culpable if they don't take identification and insure they aren't allowing US citizens/residents to avail of the ICO.
The likely outcome is not only legal woes for both yourself and the ICO issuers (as the G20 gets coordinated on this), but
also delisting of the ICO tokens and confiscation of the tokens on exchanges within the G20's jurisdictional reach (and they can compel most smaller nations as well).

There is a detailed thread already about this:

The @end_is_near for the ICO bubble.
GendalfTheFireRed
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September 13, 2017, 06:11:26 PM
 #9

Is it viable to mine via VPN?
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September 13, 2017, 06:31:19 PM
 #10

VPN's and all this location spoofing tricks are all pointless if the ICO has a KYC implementation.
You will be requested to provide government issued documents, and its the end of the line for most investors.

We offer are brokerage service for exactly such cases. Check out our website http://icobroker.trade/  (little bit outdated, since Kyber and Engima ICO has ended already, but update coming in soon.)
Otherwise send us a e-mail at info<AT>icobroker.trade  [using AT to avoid automatic webcrawlers sending spam]
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September 13, 2017, 06:34:06 PM
 #11

I use Private Internet access VPN and it's been reliable. As long as they don't use KYC that should be all you need.
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September 13, 2017, 06:50:11 PM
 #12

Is it viable to mine via VPN?

Yes, I run my miners through a VPN
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September 13, 2017, 06:58:11 PM
 #13

VPNs are currently the best solution for these problems. But you should always prefer secure, private VPN. Some of them easily give info to governments so it kills your purpose.



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cenicsoft
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September 13, 2017, 10:09:37 PM
 #14

ICO issuers are asking for valid contact information. Therefore, using a VPN for access doesn't necessarily mean you'd still be able to participate.
In the case of BannerCoin ICO - bannercoin.com it's open to American participants.

BannerCoin - officially trading on EtherDelta.
BannerView.com - Energize your Business Online, powered by BannerOS, the platform that turns your website into a powerful business tool.
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September 13, 2017, 11:08:10 PM
 #15

VPNs are currently the best solution for these problems. But you should always prefer secure, private VPN. Some of them easily give info to governments so it kills your purpose.
Socks 5 will be more secure rather than use the VPN, My friend already used it to participate in the icos, and all went smooth and never had a problem with it.
So many people are trying to bypass the ip banned in this time.
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September 14, 2017, 12:04:55 AM
 #16

They can't stop you if you have Bitcoin + a 95 IQ
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January 25, 2018, 01:28:43 PM
 #17

They are pretty much guaranteed to work. At this point, the most you'd see is simple IP restriction.   Just go for it! Use any good VPN. As long as you are not using Tor, your IP will never be blacklisted. Your VPN keeps no logs? Great! You are safe!
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Open and Transparent Science Powered By Blockchain


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January 25, 2018, 01:29:29 PM
 #18

I have a few questions regarding the use of VPN's:

1) If they are pretty much guaranteed to work in the context of ICO's
 
2) Which specific VPN's have been used successfully in the past for participating in ICO's

3) Are there legal ramifications of using VPN's to participate in ICO's

4) What are the odds of being caught using VPN's to participate in ICO's

They are pretty much guaranteed to work. At this point, the most you'd see is simple IP restriction. A VPN should do, and for this, just about any VPN will work. If you are concerned about your privacy, use a no-log VPN like Private Internet Access. The legal ramifications are probably limited to not being able to seek legal recourse against ICO organizers (which you probably couldn't do anyway). The odds of being caught are low. As someone above said, just use a solid VPN and avoid TOR.


Awesome thank you for your feedback


Im just wondering if there's a chance that in addition to testing my IP address for not being from the US, that they would do additional forms of KYC like government-issued ID or passport, which would essentially foil my plans altogether

Or is it more like mutually-exclusive as in either they do IP address screening OR KYC ID/passport?
If the ICO team only limited us IP, you could use a VPN to participate.
Therefore, many ICO teams require you to provide KYC information, only some of the ICO team allow you to use non-us IP for investment.

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