KYC + all your official papers being stolen and traded

[foremunp]

I don't imagine that financial specialists can influence by one means or another the quantity of KYCs among new ICOs. Everybody needs to acquire pain free income by taking an interest in ICOs, so if some of you skip KYC others will get your allotment. What's more, recollect that the vast majority of ICOs hold KYC because of control reasons. So I don't perceive any answer for keep away from KYC now. Simply be exceptionally particular and join just extremely trustful tasks.

[organelles]

This cannot be stressed enough, way too many people are too comfortable giving out their personal information all in the name of kyc and it should not be so. Most of the coins that you are seeing in the market now are run m=by scammers which means that once they are done, they will be selling your private information on the dark web to hackers.

[Fedor2018]

I made it a rule to put on check not a passport, but a driver's license. There not such data which can substitute me as that, but is suitable for identification procedure.

[Gabmot]

Just as it has been indicated in the discussion details, kyc for me is a risky thing to do. Thou, many projects will claim they want to be sure they aren't sending their products to people that will contribute to their downfall.

Most especially now that scam ICOs are all over every where, one has to be extra cautious with participating in kyc up and down.

[giggaman19]

Be very careful sending in your passports and govt id's for KYC.  Your 1 scam project away from having your identity stolen for god knows what on an international level. 

Also look very closely at the "projects" asking for this.  One of the major points of crypto is to be anonymous.  Do not give this up.  If you keep sending in your "papers" to strangers you will get burnt eventually.

Think about what the authorities will say to you when your identity has been stolen.  They are going to ask why in the world you would give your personal info like this to a stranger on the internet.  It makes no sense on any basic level to give your info out like this.

JPMOGAN does not even ask us for this level of identification when opening an account.

Think about it please.

If we all deny the KYC projects this invasive procedure will go away.

To anyone who has been giving your passport online you had better get a service to help protect you from identity theft as you have handed your most personal of information to complete strangers you do not know.  They can use your passport for any reason including terrorist acts.

Imagine the terrorist cells starting a project and getting all the FOMO warriors passports because they got in such a rush and turned off their brain.  Now you have real problems.

Good luck guys.

How true is this because it's really scary and i dont even like the idea of sending my personal info online to people i dont know its very dangerous

[BTCballa]

I know that this can happen so I am usually very aware of that, I'm considering kyc procedure as the last thing I want to do in terms of my bounty involvement, but sometimes it is mandatory I do that only with the trustworthy projects.

[ThePromise]

I know that this can happen so I am usually very aware of that, I'm considering kyc procedure as the last thing I want to do in terms of my bounty involvement, but sometimes it is mandatory I do that only with the trustworthy projects.

same here, that's why I not become part of any project that requires bounty hunters to undergo kyc verification. this kind of things might happen very soon, and now here it is. this is very alarming. we must become careful.

[Lab_Rat]

It should be clearly understood that the risk that your documents will be stolen always exist. It can be mitigate only if you are providing your documents to trusted organizations only, such as banks for example.
But the bank's base with the clients documents can be stolen as well.

[Spaffin]

The demand is now very high so I hope we'll see some KYC blockchain solution in a few months.

Definitely we need something that we can trust to have our identities and then use it to verify to so many projects. handing over our official papers to someone we don't know is just plain stupid even though it's the only way.
if theres something that could give bucks but demanding for identities, nah count me out.

I think that it is necessary to demand information from the ICO team on what basis they require the participants of the ICO generosity campaign to pass a KYC check. We should not pass such a test, because we are not investors in ICO projects. The requirement that we pass the KYC test is illegal.

[suckmyBitcoin]

For a majority of the backers of new coins think Know Your Client is unnecesary for their moderate investment and a  unreasonable obligation with limited benfit.

[BlackboxDiputerin]

This is a serious threat, especially if the project is a scam. Decentralization of exchange can be a possible solution for this in the future, but they need to improve before they are ready for the general public.

[aseraa12]

Covetousness is the greatest dope for some. I surmise that numerous individuals don't understand that may prompt the way that they passed the KYC. What is the saddest thing that occasionally it is improved the situation the purpose of interest in the airdrop organization.

[NewBet]

I do not understand how people cannot see that the information that they are giving to the new projects all in the name of kyc are being sold to the highest bidder on the dark net after the project crashes and burn. People should learn to be more careful when they are giving out their information because kyc does not mean that a project will end up doing well in the long run.

[contactmike1]

probably you are right. i had to disclose my identity to Morpheus network and I am a bit worry about their legacy.
I am afraid that my data can be leaked or sold on black market.

[yoerumo]

This is an extremely frightening part with regards to giving ceaselessly data and touchy private records to obscure ventures. Kyc is executing the component of crypto which is namelessness. I have perused from specific parts that when a task requires kyc, the give ourt counterfeit data for the reason that the data stockpiling can't be ensured and for security purpose. You are completely right. Be extremely watchful in discharging this sort of data.

[ameliana]

This is an extremely frightening part with regards to giving ceaselessly data and touchy private records to obscure ventures. Kyc is executing the component of crypto which is namelessness. I have perused from specific parts that when a task requires kyc, the give ourt counterfeit data for the reason that the data stockpiling can't be ensured and for security purpose. You are completely right. Be extremely watchful in discharging this sort of data.

this is very detrimental to the cryptocurrency trust which must remain anonymous, I don't mind if the project is officially approved by an official state institution, but if it applies independently, then our data can be misused at any time, this is not good because of the emergence of many ico intend to cheat really makes the trust to send sensitive data reduced.

[belomik]

This is an extremely terrifying part with regards to giving ceaselessly data and delicate private documents to obscure activities. Kyc is slaughtering the element of crypto which is secrecy. I have perused from specific parts that when an undertaking requires kyc, the give ourt counterfeit data for the reason that the data stockpiling can't be ensured and for wellbeing purpose. You are totally right. Be extremely watchful in discharging this sort of data.

[ivanst776]

Cryptocurrencies were created to keep the transaction and the sender anonymous and let it rest hidden to anyone, but these days of ICO are asking for KYC "KNOW YOUR CUSTOMER" is really a big deal for me, why can't we keep the transaction in private and investors at anonymous? Is that what really the creator want? I thought we hate those banks and government controlling fiat and the people? but where are we now?

though on the other hand, there's a lot of ICO that failed before and some of them went out a scam and just run the money bag with them. KYC really help ICO's to be sold out and much success. I still don't know what will this lead into and will wait for future development but still be hoping that we can still keep private and unknown to anyone.

[Esterklu]

I really hope that DEXs will save us, i dont like KYC and never passed it for ICOs or bounties/airdrops. I think people have to be careful with their documents, especially in cryptoworld.

[donn2012]

Partly agree with author. verification of personal data is really a problem. at all sites is the theft of customer data and banks are no exception.  And how they will use the fraud is unknown, maybe the loan will be issued and maybe worse.