Sending in fake ID for KYC

[seregeiImaneal]

There are some pros and cons of KYC procedure itself. As for me I dont like it at all. But.
If you send to accredited ICO your personal data like ID you become under kinda protection of scam. You can get your money if something went wrong. But it is really long procedure.
And if you send fake id in this case, you will lost possibility to take your money back.
But in general KYC in crypto sucks anyway no matter what

[mboot]

I would not advise you to buy Fake ID because all sellers sell these documents 2 or more times. There is a possibility of losing all your tokens because someone has already signed up with the same data.

[AndyKete]

I firmly believe that KYC isn´t an acceptable system for the majority of the tokens. They do not own the security of stocks and should not require of that approach.

[belovni@gmail.com]

Every ICO should absolutely have a control over the KYC. I remember Retainly KYC - where people gave a photo of their feet and uploaded it on the website and automatic software did recognize just uploaded photo, there was no one who checked if that photo was even ID. Terrible experience.

[lanalang]

It is the matter of faith in project. If the project is well-known and tested, I would not worry about even sending my real ID in order to get my tokens!

[thorvald]

I think it is so dangerous to send your actual identification record such as Passport and SSN to random crypto companies. You never know who is behind these companies and who is receiving your information --- or what they plan to do with it! Stay safe

[hummer113]

often it turns out that the company does not even check the documents sent, there are facts when people sent photos of their pets, and passed KYC

[Norihiro]

Wow! That's really shocking, so many people with paranoidal thoughts! There's nothing they can do with your passport. It's useless without it's holder.

[50ouncebrew]

The thing about the kyc is that a lot of people are worried that their personal information will end up in the hands of people who might use it for illegal activities and I really cannot blame them. if bounties keep pushing the idea of kyc for bounty hunters then they will have to deal with a lot of people sending in fake ids for the process because they do not want to give theirs out

[Bitcoin2018]

I think that this is a formal process in many cases. The most important thing for projects is to confirm that a person who receives tokens is not a resident of the prohibited territories and they do not care what you send, the main thing is to follow the procedure.

[lalaland97cute]

The main problem here is centralized KYC process and poor security. We send our docs, those companies got hacked = our data is leaked. I completely understand when people are trying to get around it and send a fake info. However, we need a proper fix to this.

[BTCdude007]

I think it's a good option to use fake documents for KYC, because now there are a lot of scammers among ICO who can sell your personal data.

[Silberman]

It is a hard question for me, because I am swinging between my consciousness, and between fear, that somebody would use my documents, in order to take some loans, or something else. So obviously, I am just trying to avoid those campaigns which are requiring kyc process, or similar.

Which is the right thing to do if you do not believe in going through KYC I know that this means giving up some interesting projects but you need to vote with your wallet, if enough people did this icos will worry a lot more to try to move to a jurisdiction that does not require for them and their invests to go through KYC but since people only care about their profits I doubt we are going to see any kind of change in the KYC policies of most icos.

[barlo357]

Sending a fake ID  is a risk here in crypto you can't get your money if you are using fake ID that's why the meaning of KYC is "know your customer" from the word itself they will Identify you weather you are fake or real.And they have their own policy to check that individual ID and that is their secret, how to check or how to evaluate its up to them how to that.

[klixion]

I don't know how you can fake the KYC process.  The ones I've been involved with requires me to hold my identification while taking the picture with the current date.  In addition to that, I had to scan both the front and back of my ID.  This process was for a couple of major cryptocurrency exchanges. 

[longquan1500]

I am actually very wary of giving away an image of my passport. Some Kyc allow you to give ID instead, but that doesn't prove citizenship. I think there are a lot of ways that people can sneak around the KYC process, if they want coins, they'll find a way to get them.

[tsaroz]

I believe they are just collecting it's customers data to sell to third party.
If they want to do a real customer validation, they should go for a video verification of the person along with his/her ids.
Though collecting and sending fake IDs would make both the company and the investors safe from legal actions.

[KuromaYoichi]

I believe they are just collecting it's customers data to sell to third party.
If they want to do a real customer validation, they should go for a video verification of the person along with his/her ids.
Though collecting and sending fake IDs would make both the company and the investors safe from legal actions.

I think it is because the regulations is still shallow in crypto so they don't have to do a strict kyc but it this continue to happen then i won't be surprised if in the future we have to do a more detailed kyc, even in some project they already tell you to upload a photo of you holding the id card, not just the id card. I don't know how many projects that sell data to third party but i know that some project do that because i am starting to get a lot of spam in my email.

[hani1929]

If KYC needed in an exchange for your level up there's no need to worry to send your real ID's as long it is a legit site. because some exchange need your valid ids in order to increase your withdrawal amount. but if you register in a exchange which is your name is not real then you need to create a fake id in order approved your account and make it to another level. We know that sending your personal data in internet is risky because some people might used it other purposes.

[IgniHash]

I joined the POLYMATH airdrop. I knew that they required KYC to claim airdrop rewards. But I think the verification process is too easy. I think they didn't really check the personal data. Everyone can submit a fake ID.