KYC for Airdrops: A bad precedence

[masterzino]

KYC should only be required for transactions over a certain limit not for airdrops that are generally worth a very small amount

You're taking a big risk providing your identity documents to unknown parties especially if the project turns out to be a scam so always be cautious you investigate the project thoroughly before doing so

You are right, KYC should be used for transactions over certain amount only, because no one need to wash $100 for example.
KYC for Airdrops screams scam from miles away. Stay away from projects like that.

[Lisa110386]

I think it's a bad idea to go through a KYC to get airdrop. But I had 1 time to pass the KYC to get the airdrop ubiatar, it was necessary to pass the KYC and register on the Ico engine platform, but at the last moment they acted dishonestly and removed KYC passed before and, accordingly, did not pay to many participants of the airdrop.

[Prosperityforall]

This bad precedence turns out a common practice. i remember KYC for capassity airdrop. Thanks to god i didn't pass it, and it was really funny, people received like 1-2 $ for this airdrop. I am not ready to pass KYC for such a small reward.

[Denreal]

I have seen several airdrops asked for KYC, but i cannot imagine myself go near them, not to talk of participating. I just ignore airdrops of such nature. I can't because of meagre amount, give out my details.

[francedeni]

This bad precedence turns out a common practice. i remember KYC for capassity airdrop. Thanks to god i didn't pass it, and it was really funny, people received like 1-2 $ for this airdrop. I am not ready to pass KYC for such a small reward.

Well you had a good decisions passing kyc to send document is really delicates. It is our identity that must be kept on our own and should not be shared. I will not also join kyc for a small reward better to stay away from those project that requires kyc.

[Torps1]

KYC is gradually becoming the trend of the in airdrops and bounty.... Anonymity nature of crypto which most people thought will be the order of the day is now gradually fading out. Hope the future has a lot teach.

[MacStone]

Well just avoid joining those airdrops and by this way you will be more than safe about it, i am just trying to avoid them at all cost because i really appreciate my information.

[rickn]

Demanding that people go through a KYC procedure to receive their bounties is pointless. It is not worth going through this process to receive crumbs

[Poorman80]

Certainly agreeable. Airdrops are not even not so profitable and why should they be so strict about asking information when they are giving an amount that are sometimes almost equal to the transaction fee. It is so hard to earn it this way when your identity hangs in the balance when anybody could steal it by having access to their database like the hackers or someone who have bad motives in mind.

[kiw_91]

KYC is a compliance requirement for most countries. It is a regulation put in place by Central Banks. This is to avoid Money Laundering and Terrorist Financing. KYC verification is a crucial part of many transactions. I would gladly oblige/ follow the requirement for KYC if needed. However, they will need to provide the clause that they will only use our data / document for verification purposes only. You may email them first before submitting any documents.

I work in Compliance for a Bank. Soo i handle with fake id's on a daily basis.

[larkinvain]

Yes, This is too much disgusting when an Airdrop project tells to do the KYC Procedure. I don't know why they ask for the KYC from the Airdrop participants. KYC can be fake too, Are they want to prevent scammer by this KYC system? I don't think it is possible, rather it is not necessary for the airdrop participants. For the investors, KYC is a good procedure, but not for the bounty - airdrops.

[Greenrace]

I also do not like when airdrop asks kyc for the terms of being a member because it will open our data to others and maybe it's dangerous

[heureca]

Participating KYC for airdrops is high risk activity. For me the best way is do KYC for bounty projects only. Anyway bounty hunters mostly try to avoid suspicious bounty campaigns where your personal data could be stolen

[PrudnikovLS]

Absolutely agree with you. Now we do not know who actually gets the documents sent by us to KYC and it's not safe. But in the future, perhaps it will be more secure and anonymous.

[murtadhogaul]

indeed KYC in airdrop has 2 sides, positive and negative. positive because this can minimize multiple accounts that harm the various parties that contribute to a project, but KYC also contains a negative side in my opinion, as the creator of this thread disclose, it would be very dangerous if the document we give is misused.

[chichigirl]

For me,  it is their right to get some details like this KYC to all participants in signature campaign or airdrops but the details should be keep private because it is our personal information.

[btsjungkook]

Yes. I prefer not to support KYC too because it does not keeps me anonymous at all. I know i will put myself into danger if i had given my personal identities without knowing that the particular exchanger was only a scam. So it's much better to stop that KYC thing so we may have an assurance for our own security.

[zhanyiguai261315]

Due to regulatory policies in many places, ico needs KYC!
But many airdrops have also joined KYC. Why do they do this, it is hard to understand! Get someone's identity information?

[siddharthsikka]

I agree with you here, and also think it's dangerous to submit your personal identification (sometimes including address, etc.) in order to receive a few free tokens from an unproven project.  For an ICO with a large order of an ICO, this is more reasonable to ensure fairness and that members who from restricted regions aren't participating.  For an airdrop, I think there is too much risk involved.

[ahmed04]

Now a lot of projects began to carry out the kus, it frightens people, the essence of anonymity is lost and even your documents can then be sold.