ICOs asking for passport...is it safe?

[Hakims]

Hi guys, as many of you already know, many ICOs are asking for passport verification. Is it safe to give pictures of your passport to groups we don't even know well, I mean there is something called passport misuse and identity theft or even using you passport for loans! It is concerning.

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[dunfida]

Hi guys, as many of you already know, many ICOs are asking for passport verification. Is it safe to give pictures of your passport to groups we don't even know well, I mean there is something called passport misuse and identity theft or even using you passport for loans! It is concerning.

There are really ICO that do need documents for KYC which if you decide to invest then you should follow on their terms or on what they do require.If you arent comfortable with that then you can just simply skip that ICO and jump into other one but if you are a risk taker then you can proceed.Its all way up to you and we wont know if those informations accumulated would be used into other purpose no one knows actually this is why submit documents for your own risk.

[dokie987]

I think it is safe, it is just one of the requirements in a system of Know Your Customer also what we called KYC System.

[davis196]

Hi guys, as many of you already know, many ICOs are asking for passport verification. Is it safe to give pictures of your passport to groups we don't even know well, I mean there is something called passport misuse and identity theft or even using you passport for loans! It is concerning.

You will have to read your country`s legislation regarding cryptocurrencies and ICOs.
If you want to buy tokens from some ICO located in another country,you will have to read that country`s legislation.You just have to be familiar with this info,before you decide to invest into any project.
I would never send my ID/passport info to any ICO,it doesn`t matter if it has KYC policy or no.

[gentlemand]

You're sending your info to complete strangers who are probably anonymous and incompetent to boot so no, it's not safe. You could pre empt them and pop on to the dark web and buy the details of someone else's passport then everyone wins.

As KYC gets more uptight I expect there'll be some properly run services dedicated to it that you verify yourself once with. Then all the shit holes can tap their information.

[CryptoBry]

Hi guys, as many of you already know, many ICOs are asking for passport verification. Is it safe to give pictures of your passport to groups we don't even know well, I mean there is something called passport misuse and identity theft or even using you passport for loans! It is concerning.

There are really ICO that do need documents for KYC which if you decide to invest then you should follow on their terms or on what they do require.If you arent comfortable with that then you can just simply skip that ICO and jump into other one but if you are a risk taker then you can proceed.Its all way up to you and we wont know if those informations accumulated would be used into other purpose no one knows actually this is why submit documents for your own risk.

This can become customary as more and more ICOs are complying with the KYC (Know Your Customer) requirements as set by some regulations of the country they are based at. We should not be surprised at this though of course we should be concerned because of the possibility of identity theft which can happen to anyone anytime. We have no choice actually if we want to be a part of a project because many of the good ICOs are already implementing this requirement. Otherwise we can choose not to be a part of that project requiring documents to be submitted digitally.

[marielbeckham]

I hear about this for the first time. To be honest, I don't consider this to be safe. Still, we'll see how this will turn out.

[Basmic]

In Internet nothing is safe. Investing in ICO is also risky. It is impossible to know someone else's intentions. But it changes nothing. You will have to risk the security of their data to participate in the project. Now this life. You can't hide your personal data from public authorities and banks. You can be sure that hackers will not steal your data from there? You can only assess the risk and to take measures for safety.

[boboyboi]

Hi guys, as many of you already know, many ICOs are asking for passport verification. Is it safe to give pictures of your passport to groups we don't even know well, I mean there is something called passport misuse and identity theft or even using you passport for loans! It is concerning.

There are really ICO that do need documents for KYC which if you decide to invest then you should follow on their terms or on what they do require.If you arent comfortable with that then you can just simply skip that ICO and jump into other one but if you are a risk taker then you can proceed.Its all way up to you and we wont know if those informations accumulated would be used into other purpose no one knows actually this is why submit documents for your own risk.

This can become customary as more and more ICOs are complying with the KYC (Know Your Customer) requirements as set by some regulations of the country they are based at. We should not be surprised at this though of course we should be concerned because of the possibility of identity theft which can happen to anyone anytime. We have no choice actually if we want to be a part of a project because many of the good ICOs are already implementing this requirement. Otherwise we can choose not to be a part of that project requiring documents to be submitted digitally.

yes thats right, if you want to to be a part of there project then follow the requirement they need. it all up to you if you want to give your identity or not. if you think that your not safe if you give your real identity then dont be a part of them. fine another ico which is real identities not required.

[stomachgrowls]

Hi guys, as many of you already know, many ICOs are asking for passport verification. Is it safe to give pictures of your passport to groups we don't even know well, I mean there is something called passport misuse and identity theft or even using you passport for loans! It is concerning.

Hell No! No matter how good the project is I wont still proceed on participating that ICO which do require any documents specially passport because these kind of ID's is really very personal and shouldn't really be shared or let it to public since there would really be a risk that those information would leak out its either they would be the ones who do use such informations or they are being compromised by hackers and getting all of the passport details have been accumulated and sell out on dark market.You wouldn't even know that your identity is being used up by others.

[bitcoinvamp]

Hi guys, as many of you already know, many ICOs are asking for passport verification. Is it safe to give pictures of your passport to groups we don't even know well, I mean there is something called passport misuse and identity theft or even using you passport for loans! It is concerning.

I think you should not go for that ICO if you are not confident on there terms and conditions and if you don't think that the team is genuine. Asking for a passport and its information is a lot to ask for an ICO and some people don't want to reveal there identity and there country so there is no point to give so much of your details to anyone.

[Thanasis]

Hi guys, as many of you already know, many ICOs are asking for passport verification. Is it safe to give pictures of your passport to groups we don't even know well, I mean there is something called passport misuse and identity theft or even using you passport for loans! It is concerning.

Why they need passports for investing on an ICO,I think is is not necessary to give to to invest on an ICO and many ICOs are not asking any proof from the investors.Maybe theyr are asking to confirm the nationality of the investors because in some countries,citizens were totally banned form participating ICOs.BUt I feel it is not safe to provide passport to someone,they may misuse our information.

[aladdinms]

I think we should just skip ICOs that are KYC oriented. No one can simply say what they will be used for and when you look at things deeply, we should be concerned of identity theft.

[avikz]

Hi guys, as many of you already know, many ICOs are asking for passport verification. Is it safe to give pictures of your passport to groups we don't even know well, I mean there is something called passport misuse and identity theft or even using you passport for loans! It is concerning.

I say no on a broader prospect. ICO is a very controversial method of raising funds and banned in USA and China. I have seen a numbers of ICOs those who have ran away with investor's money or never came back with the promised product. So I don't personally feel safe to share my identity information with the ICOs.

I am not saying that all ICOs are scam but just to save my own data, I don't feel safe to share my identity information with them. Because we don't know are they going to be a legal one or an illegal one. So I would avoid such ICOs who ask for ID verification for the investors. However, it is just my personal opinion and may differ from others here.

[hahay]

Hi guys, as many of you already know, many ICOs are asking for passport verification. Is it safe to give pictures of your passport to groups we don't even know well, I mean there is something called passport misuse and identity theft or even using you passport for loans! It is concerning.

If only to participate in an ICO I think passport is not a major requirement, you have to be careful about giving identity to strangers. There are many ICO projects out there, you can choose a safe ICO project and do not make suspicions on yourself.

[Wheelige]

I would go as far as to say that if they are requesting a passport verification (i assume this is for KYC purposes) that the ICO and the team behind is reasonably legit as they are looking to cover their backs against countries that have bans on ICOs or sales of securities without prospectus or registration. With more scrutiny from regulators globally we will likely see more projects looking for full KYC processes. What do you have to do to get registered to deposit fiat at an exchange? Most reputable ones require photo identification, address and a raft of personal details.

[Hans2011]

Hi guys, as many of you already know, many ICOs are asking for passport verification. Is it safe to give pictures of your passport to groups we don't even know well, I mean there is something called passport misuse and identity theft or even using you passport for loans! It is concerning.

i think is safe , but in KYC purpose u can choice , u use pasport or other license , but if u afraid about for pasport verify, u can choose the other ICO project no need pasport verify , regard

[tweetbit]

I’m also a security freak and don’t give my identity in this manner, so I always skip unworthy project but those  with great ICO and trusted team then i believe there’s no breach of malicious intent so I provide if necessary. So the choice is always in your disposal and being afraid of any misuse of your information is normal but it is part of the risk we take to earn. It’s up to your decision on what is right or wrong in your personal judgment.

[onebtcforlife]

I think it is safe, it is just one of the requirements in a system of Know Your Customer also what we called KYC System.

Yes, most of the reputable ICO are following this news system in order to control the hacks before proceeding the ICO. This the best way to conduct the ICO in order to secure fund and flow of people investment, this is going to be another record to the company when banks ask for the question.

[Indrawan77]

It has been one of the condition for purchasing ICO, most of the ICO now are heavy regulated, so it has becone requirements to buy ICO, I dont feel safe to hand over my identity to unknown site, but now most of exchanges now also require kyc documents, so if you still want to stay in crypto world, one day you will also need to hand over your identity