Sending in fake ID for KYC

[mich]

I have always used my honest KYC for buying on crypto exchanges. Personally, it’s more about the security concerns I have and not wanting to lose my money.

I like to play by the rules with ID so I don’t mind the lack of anonymity. On the other hand, I have to say KYC goes against many of the early arguments I heard for getting into crypto in the first place.

When I started really falling in love with bitcoin one of the things I liked was the lack of government oversight. It appealed to me that we could have a system outside of traditional regulations.

I suppose it was only a matter of time that we all just started accepting that oversight was an evitable outcome but it does have an extra layer of security that makes me feel my portfolio is secure.

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[reza7777]

If fake KYC is only done to join the airdrop then it's okay. but if fake KYC to secure your assets on binance or some other big exchange then it will be a disaster, because someday they will find it and your account will be frozen

[udidrone]

If fake KYC is only done to join the airdrop then it's okay. but if fake KYC to secure your assets on binance or some other big exchange then it will be a disaster, because someday they will find it and your account will be frozen

I don't think anyone would do a fake kyc for an exchange, because by far the exchange is an important part of cryptocurrency investment. Fake KYC may apply to some platforms which always offer promotions on kyc terms but not on exchange platforms.
Although until now I still do not agree to provide identity information to anyone other than exchange, it cannot be denied that it is a measure to anticipate misuse by irresponsible people.

[freenow]

If anyone can verify successful jumio netverify please contact with me telegram @Tolisss

[Jackl87]

I just was brought up to speed on groups of people sending in fake/Photoshopped ID's by scanning public records to defeat the KYC process and it seemingly is very easy to do.  It appears that many people sent in fake documentation to the Bob's and Polymath KYC and had no hassles.  How do these companies verify people if all they have to go on is public information?  Did they even really check the ID's or were they simply collected the data?  How rampant do you think this is?  How many of us are complete fools for turning in our documents when others simply faked it.  Now they have our data and the people who faked it are still secure.

The initial post from this thread is from 2018 and therefore almost 5 years old. So i doubt that this it is still so easy to just upload some picture of an ID that you find on the internet and a matching document in order to get verified on exchanges or other sites. I personally would not fake my data in order to do a KYC on an exchange where i plan to do trades or something like that because i would be afraid that i would do some kind of update to my KYC before i could withdraw the money from the exchange to my bank account if i wanted to do that in the future. I did KYC for 2 exchanges i think and also for one or two ICO#s that i joined a few years ago.
For an airdrop or something i could also imagine to fake a KYC, because if it fails, it won't matter that much anyway.

[yohananaomi]

If fake KYC is only done to join the airdrop then it's okay. but if fake KYC to secure your assets on binance or some other big exchange then it will be a disaster, because someday they will find it and your account will be frozen

I don't think anyone would do a fake kyc for an exchange, because by far the exchange is an important part of cryptocurrency investment. Fake KYC may apply to some platforms which always offer promotions on kyc terms but not on exchange platforms.
Although until now I still do not agree to provide identity information to anyone other than exchange, it cannot be denied that it is a measure to anticipate misuse by irresponsible people.

of course the polemic about kyc has been going on for quite a long time and is very long because there are pros and cons for treating this kyc. but now almost all exchanges seem to have made it obligatory to do kyc and this cannot be avoided, because there is an urgent need.

but if a large exchange is likely to be treated almost the same as when we create an account at a bank, data will certainly be required for validation. If you make a fake KYC, it's clear that there will be an impact. If we really need clarification on an important matter, then there will be no resolution.

but there are still many abuses that occur with kyc, for that you really need to be selective before providing data. because there may be those who really ask for KYC for things that really aren't necessary, even just to avoid obligations that have to be done, especially when paying bounties.