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Author Topic: How to participate in an ICO for a US citizen?  (Read 179 times)
Julunguul
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February 16, 2018, 06:22:48 PM
 #21

Are there any ways to participate?
Many ICOs now have KYC procedures so it is becoming not enough to just use VPN..
Americans are excluded from this party..Are there any roundabout ways?

You should doing some research on the ICO bench and try to make advanced search with filter for No KYC and Restricted Country
there is still some ICO which still support USA residents and also no need for KYC
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JCLee
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February 16, 2018, 07:41:07 PM
 #22

If you want to participate in an ICO project which accept US citizen, you need to find out an ICO project that don't require KYC. All ICO project that require KYC because they don't accept US citizen participate in their project so they want to make sure that you're not US citizen. But I think to find out a project don't require KYC at the moment is really hard cause as I know almost ICO project at the moment always require KYC with their participants.

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February 16, 2018, 10:41:55 PM
 #23

Are there any ways to participate?
Many ICOs now have KYC procedures so it is becoming not enough to just use VPN..
Americans are excluded from this party..Are there any roundabout ways?

Any roundabout ways? I don't think its something that would be cheap other than getting someone trustworthy in a country that its allowed and the investment is made on your behalf. Because even if you fake the IDs or you use VPN and you were able to get registered and participate during someone form of clean ups when VPN is no longer active or not strong enough just as you have rightly noted, then the promoters would be right to deny you of any profit that could accrue as a result of such investment because you have clearly violated the Terms of Agreement which you agrees to for participating.

Another way round is the long route which is putting pressure on your government to relax the rules concerning the participations of US citizens because that is the only way you can get to be part of it freely and reduce the risk you can control to the barest minimum.
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February 21, 2018, 08:39:02 AM
 #24

The only way then is to fake a proof or get a person in another country register for you and buy and then send to your wallet for the ICOs that have a KYC otherwise a VPN will be ok.I dont know of any other way around this apart from these two
VPN will not even work as long as you have to go through the KYC unless of course you have a dual citizenship. Also, using a fake ID is the most wrong thing anyone one to do, that is totally against any law and we all know the extent at which that can cause anyone.

Anyway, the simplest option is just to find some knowledgeable close relative who is honest and knows a lot about ICO investment or cryptocurrency in general to always help you out.

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February 21, 2018, 11:23:11 AM
 #25

If ICO asks for KYC then I don't think so can buy being a US citizen if you're not allowed unless you got some fake proofs.

But what you can do is need to find some trusted member who can buy on behalf you from other countries and who are willing to help for some commission. You should deal with only some reputed people if you choose this method otherwise people may cheat you.
Yeah! I have heard of a lot of citizens doing this and that seems like the only way for now. Most times, I really pity the US citizens as they are being cut off in a way from the ICO world. However, this solution suggested should really be done with an extreme caution and also, where problem may surface is also having to find someone who is very familiar with the whole cryptocurrency space but if these two can be found, then you will be a very lucky dude.
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