Are those ico's with kyc safe to invest?

[XIANNE25]

I had invested mostly on lending ico's recently but I found out most of them turned into scams.. Now I'm switching to ico's with kyc requirements.. Is it safe to give info about our documents? 

[superresistant]

 
No ICO is safe no matter KYC or not.
Also any company that raise money without a strict KYC will never be able to cash it out in a bank in the regulated world.
Cashing out money out-of-nowhere is money laundering.

[honeyduckgoose]

It is a good thing, but just because it has KYC's doesn't mean it is 100%. You need to research into the ICO quite a lot.

[sensimilia]

I personally avoid ico's with kyc as the plague, doesn't really feel comfortable giving out your private documents to randoms on bitcointalk.

[cryptoadmire]

I think it is a plus, but I wouldn't suggest you invest solely because they have KYC's this is a rather new thing and old ICO's didn't really have this issue.

[lanangwidyadnyana]

for me it's hard to say the ICO is safe or not, event use KYC or not, it can't guaranty 100% safe.
the main ting we need to check and learning the project, to know how is the project develop, see the road map, join the group end etc.
 

[rachman mahesa]

Maybe with it all the projects really safe from the scam. Indeed many projects are now scam because the concept is not so interesting and other things.
You should invest with a team and project concept that is really very good and experienced in its field. such as DIWtoken is very good to invest.

[Dydot]

I have also noticed many ICOs require kyc these days. I am not sure what prompt it yet. If the company keep our documents safe and private. It's Okay. So, you have to make sure you are submitting your documents to credible project.

[juno77]

I personally am not fond of sharing my personal information, however I have done it a couple of times now,but I had researched the projects to make myself more or less content before doing so. So I would encourage you do enough research and background checks too. Generally speaking, they usually are safe and sometimes a positive thing that they ask for a KYC.

[allanr]

KYC prosedure is to protect your self from any law trouble, just make sure you join real project not a fake one. In other hand all lending platfor is scam for me. no way there a trading bot that can make you daily profit wihtout a sinle lost, just impossible.

[meer45]

Just because a project implements KYC means that it's good, but for me it is at least an indicator in the sense that implementing KYC means the project team has to do a bunch of work to check the entries as well. If they were intending to scam, they might not have been willing to waste their time on KYC. But as I said, they might be doing this to give you the impression that they are legit.

I think the problem with your failed ICOs had nothing to do with KYC but rather with the fact that they were lending ICOs, because the concept of lending is shady as hell.

[coinoberg]

No ICO is safe no matter KYC or not.
Also any company that raise money without a strict KYC will never be able to cash it out in a bank in the regulated world.
Cashing out money out-of-nowhere is money laundering.

Agreed. The fact that an ICO is doing kyc verification does not mean anything. If project is scam, you'll be losing your money even after you are kyc verified. You better check the team, not if they are doing that verification.

[stripykitteh]

I had invested mostly on lending ico's recently but I found out most of them turned into scams.. Now I'm switching to ico's with kyc requirements.. Is it safe to give info about our documents? 

You can't really trust coins that have an ICO because they can do whatever they want with your money or information that you give to them.

[kinki32]

I participated in two ICOs with KYC and they let me good feed, it's was Thekey. But not all ICOs with KYC is not scam. Better you should be attention about team contacts, history everybody from their team.

[vintages]

At the beginning when it emerge, I can say that its a good way for Knowing a good ICO but now, we can't still say because some scammers use it as a way of collecting individuals data for other fraud activities and at the same time still scam them of their money. I think its best to resort to the usually research of developers and the ICO, reading their whitepapers and knowing what people are saying about it.

[Viecoin]

KYC won't stop you from getting scammed, but I believe it shows that the ICO you are interested in is at least attempting to do the right thing by following regulations. I would suggest that you really get involved and find out what is is that you are throwing your money into. Read the Whitepaper completely and make sure you are investing in an actual product and not just vaporware. There are plenty of sites that rate ICOs now. I would read their feedback as well.

[eekkaa]

I had invested mostly on lending ico's recently but I found out most of them turned into scams.. Now I'm switching to ico's with kyc requirements.. Is it safe to give info about our documents? 

yes you are right, it is very risky to give your identity but the ICO coin will be a scam and have your own data to make your identity uncovered honestly it is not good and not done because it violates existing privacy.

[Melfoy72]

I had invested mostly on lending ico's recently but I found out most of them turned into scams.. Now I'm switching to ico's with kyc requirements.. Is it safe to give info about our documents? 

It's not about what's better or worse. It could be a scam even if they will come and see you before sunday church. When ICO do KYC procedure they just wants to check - maybe you is a scam.

[anasso]

there is no ico safe even with KYC. it's a game of high risk, high reward.

i suggest you to look at team members, project idea and the roadmap.

[pitiflin]

You think icos that ask for kyc will not scam, ever? Why in the hell would you invest in something which asks for your personal documents, your anonymity is violated and you are not sure if you will ever get a good return. I wanted to invest in icos like indahash and telegram's ICO ton, but I didn't because of kyc, I would rather choose trading than that.