KYC + all your official papers being stolen and traded

[mia khalifa]

yes you are right in my opinion when sending a very sensitive identity such as passport and local ID card just to get the token or coin you want in my opinion it is very horrible because your identity can be used for bad and can be used for the sale and purchase of human data.

[Mohamme]

Yes, that's what I'm worried about.
I'm afraid my KYC data will be abused, so I don't think I will use these projects that require KYC verification.

[sebastianweyer655@gmail.c]

Yeah it's risky to send it in to random ICOs, I normally check the background of the team members to make sure it's legit first.

[MapleArmy]

I fully support the refusal of identification. The idea of anonymity is one of the pillars. We must not forget this.

[Emilyearl]

It's troubling when one looks at the recent developments in the cryptocurrency industry things like KYC it leaves one wondering where the anonymity of cryptocurrencies really lies. If we all hand in our documents just to take part in ico, what then does cryptocurrency really stand for. It's worth looking into finally.

[lx001]

The solution is simple - do not participate in any ICO's, just buy them on the exchange after listing. Look at Envion's case - people invested large amounts, they had to pass KYC, even video identification, contributions made by credit card are locked for 6 months and the token price right now is down almost 10x. Or you could just buy them on the exchange now without any hassle.

[Eclipse2021]

KYC is here to stay even if most uf us do not agree with this policy. About personal datas well this could be an issue in the future as someone said we do not know for sure who receive our datas but for sure this is not comfortable with everyone. So far so good with KYC so let's hope our datas are well protected.

[Benarand]

If the project is worthy, then I do not think that your data will fall into third hands. Concerns about data loss are always there, but you need to choose for yourself if you want to stay with the cryptocurrency, then accept it.

[rosebit]

To me  There is no reason on earth why you should hand down your personal information for complete stranger on the internet! I see a lots of newbies falling into this error! anything can happen.

[saiharden]

KYC contradicts the principles of crypto. It is introduced under pressure from the authorities. In my opinion, so the leadership of the countries has a list of citizens who support crypto. It is also possible that the data may fall into the hands of bad organizations and people. Beware of...

[altsMlk]

This is a serious Topic. Honestly I do not like to participate KYC required projects. I participate only for an ico that can be trusted in many ways. KYC is important for some icos to avoid scammers. But for bounties? that's completely a meaningless action required by few bounty managers. Why bounties requie our info? If KYC is required, The ico company will do it. Not by bounty managers. For example, Amazix team asked for KYC docs for shivom bounty although the ico team did not asked for it. So what will this bounty managers going to do with our KYC docs?

[Nasa44]

This is a very terrible topic. And it is true! It is better to bypass the party.

[AMdemzzy072]

I believe most of you here going against KYC actually do it. What do you do when you are about to invest in a viable project but you are told to pass their KYC before buying their token? In as much as I don't buy the idea of doing KYC for airdrops, if you must do for bounty or ICOs make sure you do a thorough research to know if the project is viable or not.

[Leah38]

Lots of bounties requires KYC and we have no choice but to comply or else no payout. At some point it can filter fake and dummy applicants. As long as it could do no harm to me I think its OK. Maybe be careful on choosing a project will be less likely we'll get scammed and identity theft.

[hrunya102]

even high-quality projects can lose your data, for example in a hacker attack, you need to be very careful

[dom771]

I have never join any project with KYC. We are in a decentralized crypto-world.
Why do they need it for?
You may earn a bit from them, but you lose the information to the one you don't even know.

[Sofia_Sofia]

I also think that projects with KYC need to be bypassed. It is not known how this will turn against you in the future. Therefore, in such companies should not participate

[khufuking]

I try my best to avoid projects require any kind of verification , specially the kind asking me about a copy of my ID . But there is projects that deceive users , by asking for KYC after users already bought in the ICO or already spent a lot of time in the bounty , we just find our self left  with no choice but to give them our KYC papers , it did not happen to me until now but I saw couple of people complain about it .

[badjoke]

this is bad , very bad .. i have already gave my national identity card information to several projects and one those project was scam .. don't even know what should i do ?

[twan137]

I knew lots of project trying collect people information through AIRDROP, such as: polymath.
I don't think it's a good idea for trading 250 useless token now may value $200 for your personal information.
But people fell in that. Good luck with them in the future.