i'm aware to do kyc on Crypto project

[Issa56]

 Many of the crypto Trading platfrom and other such as IDO platfrom required KYC for full access to their service. it'a not a big issue to do it. but, sometimes this type of project get down. On this sisuation they are able to sell our information on Dark web or other Agencies. also, if our goverment force them to share personal information i think they might be ready to share. so, it's hard to get full access from a KYC required project.

SO, last things is don't do KYC every time if it's not neceserry...

That’s why you have to be very careful when submitting your KYC to any website or exchange. I don’t really encourage submitting your KYC to any exchange, but when you don’t have a choice, make sure you are submitting it to an exchange that’s really reliable. Avoid submitting your KYC to exchanges with a low reputation. If there is any alternative, then avoid submitting your documents. Anything can happen to any exchange, and your identity can be sold out, or a exchange can be hacked and hackers will steal your information, your information might end up being used for illegal activities. That’s why we all have to protect our identities, they shouldn’t be shared unnecessarily.

[Falconer]

Avoid any project that expects you to pass KYC especially if you don't really know what the future holds. KYC on new projects under development is a bit risky as most of these projects have a high probability of failure. You still have to be wise in protecting your personal data including documents, so you really should care about that instead of ignoring it.

KYC is completely useless for those of you who care about data security and privacy protection, but of course keeping it safe and untouched in this highly centralized world is always difficult. We can still avoid KYC on any centralized platform in the crypto space, while we grant access to that data for non-crypto platforms. That is the average case so far, even if you are very anonymous in the crypto space.

[Sim_card]

KYC platforms should be avoided because they don't mind leaking your information out for money. If it comes to the point that you must use a KYC platform or exchange,do it with caution by opening an account with only one,so that your information wouldn't be scattered around the internet on different centralized platform. With this way you can be a little bit safer using just one platform. My privacy is my priority and I only have two platforms with my information, which is in the online casino where I gamble and on Kucoin. Don't share your information rampardly and think that nothing will happen,the more you share them on centralized platforms,the more attack that you are expose to.

[Nwada001]

Many of the crypto Trading platfrom and other such as IDO platfrom required KYC for full access to their service.

Those projects running IDO on those exchanges are not the ones stealing your data, and you should worry less about your data being stolen because of them. The exchanges where you run those KYC should be held responsible for your data leakage, not the IDO project owners, as they don't have access to the exchange data base.

But hold a second, is IDO (Initial Dex offering) not done on Dex exchanges? and Dex exchanges don't request KYC verification, or do you mean IEO (initial exchange offering)?

[robelneo]

The best is never KYC in any platform especially you who're live in Bangladesh where Bitcoin is illegal on there, as you said above those project are ready to share with government...

Even if you live where Bitcoin is legal you should be aware that such laws change quickly and you cannot unshare your privacy.

- Jay -

Laws take effect after it was officially enacted unless specified by a new law regarding the case, no laws are retroactive so if you are a holder of Bitcoin in your country when it's legal and they made it illegal afterward, they cannot charge you for being a holder of Bitcoin before the law is enacted, unless you continue to hold Bitcoin after the enactment of the law that made it illegal, then you will be charge. 

[Porfirii]

The best is never KYC in any platform especially you who're live in Bangladesh where Bitcoin is illegal on there, as you said above those project are ready to share with government...

Even if you live where Bitcoin is legal you should be aware that such laws change quickly and you cannot unshare your privacy.

- Jay -

Laws take effect after it was officially enacted unless specified by a new law regarding the case, no laws are retroactive so if you are a holder of Bitcoin in your country when it's legal and they made it illegal afterward, they cannot charge you for being a holder of Bitcoin before the law is enacted, unless you continue to hold Bitcoin after the enactment of the law that made it illegal, then you will be charge. 

That would depend on the laws of the country you live in. Although the most typical scenario is that previous holders shouldn't have a problem for prior holdings, I wouldn't discard a different one in the case of tyrannical regimes. And, on the contrary, it could also be that in, in some jurisdictions where Bitcoin is eventually banned, these holders are free to keep holding.

Although these aren't the scenarios we'll usually witness, depending on where one lives, that degree of uncertainty should be taken into account, just in case.

[Coyster]

Many of the crypto Trading platfrom and other such as IDO platfrom required KYC for full access to their service. it'a not a big issue to do it. but, sometimes this type of project get down. On this sisuation they are able to sell our information on Dark web or other Agencies. also, if our goverment force them to share personal information i think they might be ready to share. so, it's hard to get full access from a KYC required project.

Any custodial service that has your data can do this, either they will be compelled by the government to hand it over to them, or the KYC information could leak and be sold in the dark web if the custodial service is hacked, as so many of them are. Scammers are also using people's KYC details to attack them via identity theft, their data is used to register on centralized exchanges for scam purposes and used to even steal money from their fiat accounts.

There is so much that an attacker can do with your KYC information, and once you have given this data to at least one custodial service, you run the risk of being a victim, the more services you give it to, the higher the risk you run.

[lionheart78]

Some project developers are very cautious about who they will whitelist for their crowdfunding.  Since different countries have different approaches and regulations on cryptocurrency crowdfunding, the US of A I believe is very strict on this, and the reason why many crowdfunding projects restricts American citizens from participating in their fund raising.  They solve this by requiring KYC to be whitelisted in order to prevent investors from restricted county to participate.  That makes sense but many projects that do this did not even last for very long and the data they gathered is probably sold.   So I never participate in any crowdfunding that requires KYC.  I just wait for it to hit to the exchange and buy when the hype is over.

[KingsDen]

The best is never KYC in any platform especially you who're live in Bangladesh where Bitcoin is illegal on there, as you said above those project are ready to share with government, what if they know if their citizen are associated with Bitcoin? you broke your country law, better to check the punishment about that rule.

Privacy is important, you can use Bisq to trade without KYC.

Completing KYC on platforms carry its own but completing KYC on cryptocurrency related platforms in a country where cryptocurrency is legal is double risk. If you by chance run into troubles you cannot relate to the police because they will either arrest you will not respond to you.
If you complete KYC in a platform that is trusted and reliable you are facing a smaller risk, which is incase you data leak through hacking or other means. But if you complete KYC in a shady project, then will facilitate their exit scam and  continue by selling your data.

[Bitcoin_people]

It is often seen that some crypto projects require KYC and carry a lot of risk. And there are some such fraudulent schemes that can create problems with such information so we should be careful. If you register on any such platform and if it requires you to KYC then you never do it there unless required then fraudsters can harm you. But if you do KYC on a trusted platform or scheme then they won't cause any problem but you should always be careful as there are various scam platforms that will cause you problems. Therefore, you should be very careful when visiting such platforms so that they do not create problems with your information later.

[Darker45]

Then you probably shouldn't have said that "it's not a big issue to do it." It's a big issue. And the extent of this selling and/or sharing of information is something we really don't know. We actually have no idea where our personal information are shared. It would probably be less worrisome if they're shared with government agencies upon order, because they have no choice but to comply, but what if they're sold to different companies, legal and illegal?

Have you ever been surprised that certain offers suddenly arrive at your email without your knowing how they got hold of your email address? And this happens not just when certain projects go down. They're probably happening even if these projects are still up and running.

[YUriy1991]

Yes. Many KYC/AML processes require user photos with ID/passport and We are facing a situation where globally enforced KYC/AML processes may compromise the privacy of millions of people. In addition, hackers can carry out impersonation attacks with stolen identities.

So, for options that I think are quite safe, you can use the Bisq link https://bisq.network/ which supports direct crypto-fiat and fiat-crypto exchanges without KYC/AML or you are looking for something simpler and easier or learn this too https://distribuyed.github.io/index/ so as not to add to the burden on your mind.

[michellee]

I agree with what @OP said. Doing KYC will be the responsibility of each of us because we submit personal documents to use all the features available on exchanges and other platforms. For this reason, we must ensure that such services can be responsible for protecting personal documents from bad things that can happen.

And it's true that we don't need to do KYC every time. We also don't need to do KYC in new projects that ask their customers to do KYC. We have to be careful with fraud that has happened a lot so that they can sell personal information. Don't trust new projects that say they are good and ask you to do KYC.

We must be wary of platforms we don't know that will ask us to do KYC. We also have to make sure before we do KYC on any platform. If you want to participate in a project, make sure the project doesn't ask for your documents because it's not worth trying.

[AakZaki]

If you want to take part in an IDO, you must include KYC, of ​​course I will stay away from it. After all, there is no guarantee that the IDO will be successful and the data provided will be more vulnerable to misuse, and it will be dangerous if the scammer holds the user's KYC data.
I usually prepare fake data for KYC, that's only I apply it to really good projects. Don't do KYC if your privacy is very important, nothing is more valuable than privacy.