Sending in fake ID for KYC

[ije07]

Any project  requesting for kyc, I back off it. Since I don't have ways of giving a fake details, am straight in everywau, so instead of dropping fakes, I just stay off. Most team sell off details as I learnt, and also a time, binance kyc got leaked, I got scared to death. But anyways, if you are giving out your real ID, then you have to be very careful doing so.

You're doing the right thing. I only provided my KYC data once. And what do you think happened? The project turned out to be fraudulent and deceived all participants. Now I'm worried about where my data might be used.

You need to know that misuse of KYC data does exist and I've heard that there is a service out there that accepts or pays KYC data at a price of $ 50- $ 100. to be honest I'm also worried about this, but for me personally doing KYC is only on projects that I truly believe in.

[1715503396]

1715503396

[UniversityCoin]

Any project  requesting for kyc, I back off it. Since I don't have ways of giving a fake details, am straight in everywau, so instead of dropping fakes, I just stay off. Most team sell off details as I learnt, and also a time, binance kyc got leaked, I got scared to death. But anyways, if you are giving out your real ID, then you have to be very careful doing so.

You're doing the right thing. I only provided my KYC data once. And what do you think happened? The project turned out to be fraudulent and deceived all participants. Now I'm worried about where my data might be used.

Therefore, if the ICO team announces KYC without warning after completing the signature campaign, I fully admit the possibility of providing them with fake KYC. ICO teams are not designed to collect and store our confidential information and often misuse the information they receive without bearing any responsibility for its misuse. In addition, I believe that they no longer have the right to demand signatures from campaign participants to provide them with KYC.
The provision of KYC to exchanges should be treated more carefully and responsibly. Here it is better to comply with all the KYC requirements, since various problems may arise where confirmation of the information provided will be required so that we can successfully complete our financial transactions.

I have also heard about such bounty campaigns where the development team at the end introduced a KYC in order to reduce bounty payments to those who refuse to pass it. I consider this a great meanness. Fortunately, I didn't come across such bounty campaigns.

You need to know that misuse of KYC data does exist and I've heard that there is a service out there that accepts or pays KYC data at a price of $ 50- $ 100. to be honest I'm also worried about this, but for me personally doing KYC is only on projects that I truly believe in.

I really hope that my data will not be sold to scammers and they will not use it in their dirty business.

[Sanugarid]

 In addition, I believe that they no longer have the right to demand signatures from campaign participants to provide them with KYC.
The provision of KYC to exchanges should be treated more carefully and responsibly.

The project has the right to their campaign, if they wanted the participants to be KYC-ed at the end of the campaign it is not their fault if you don't want to but you're not going to take any from the allocation. Here is a BUT, the announcement of having a KYC should be done in the very first place to let the bounty hunters know what are they giving in exchange for participating, which most of bounty hunters don't like to get KYC-ed.

Here it is better to comply with all the KYC requirements, since various problems may arise where confirmation of the information provided will be required so that we can successfully complete our financial transactions.

With cryptocurrencies, I believe that it was created to eliminate your identity online which is somehow defeating by the KYC procedures.

[preikaler]

if by sending a fake ID you can pass KYC of course the company doesn't do the identification carefully and they only collect everyone's documents, for that I think many times to submit ID to a new project, because they could scam and sell our ID

[wmaurik]

I send my ID only for good exchanges. Although i am very regret about that.
Sending an ID for KYC is the stupid things. Its' very dangerous if some bad guy know you details profile. You can send fake ID if you want, although i don't agree with that.

I send my ID also on those exchange site that have required KYC because it was needed. And if we are have trust that exchange like binance we need to follow the requirements on it, and I know we regret on why we send our ID but we have no choice. Some KYC coming from bounties that would need to get our bounty rewards for me that was be a suspicious must better to think first before to doing anything. 

For bounties, this is really worrying and if possible, just follow bounties that don't require kyc or maybe if there is a good idea to use kyc verification services, because it looks like there are a lot of services like this but of course this is illegal so I don't recommend it, but this method is more effective because If we provide personal data but bounty that we followed turns out to be a scam project, of course there is a possibility our data is misused or maybe will be sold.

[btc-facebook]

if by sending a fake ID you can pass KYC of course the company doesn't do the identification carefully and they only collect everyone's documents, for that I think many times to submit ID to a new project, because they could scam and sell our ID

Things like that are not just projects, sometimes exchanges also have a low level of KYC checking,
projects or exchanges like this should be avoided because they are dangerous to our identity,
my advice is better choose a good project that does not need to do KYC, or use a well-known exchange that has a high security system and good and strict KYC checks.

[coin-investor]

my advice is better choose a good project that does not need to do KYC, or use a well-known exchange that has a high security system and good and strict KYC checks.

Good projects ask for KYC because they are compliant to regulations I have no problem with that, as long as they show transparency when it comes to KYC you cannot escape it even if you don't want to because it's part of the compliant to the government and exchange operation to check accounts to have a good standing.

[iTradeChips]

There is one project where my friend sent his real ID so that he can be paid his bounty. I told him not to send a real ID but it is too late. So far nobody is knocking on his door because of charges of identity theft or something similar, but it is still an experience that one should remember not to do it again. There are many templates of i.d.'s on torrent that can be downloaded and be used for the KYC's. Of course, do not use it for real world identification, you will go to prison if you do that and got caught.

[iTradeChips]

if by sending a fake ID you can pass KYC of course the company doesn't do the identification carefully and they only collect everyone's documents, for that I think many times to submit ID to a new project, because they could scam and sell our ID

Things like that are not just projects, sometimes exchanges also have a low level of KYC checking,
projects or exchanges like this should be avoided because they are dangerous to our identity,
my advice is better choose a good project that does not need to do KYC, or use a well-known exchange that has a high security system and good and strict KYC checks.

There is a company that their product I previously use. It is called coins.ph and it is a payment company but also at the same time a bitcoin and ethereum exchange. You can change your fiat currency and convert it to bitcoins and use that to send bitcoins to other wallets. It is approved by the Central Bank of our country and like all the other payment apps that are approved by the government, it requires a person to send a picture holding his ID and also his ID as well. Now this one since it is approved by the government to operate, then you will know the KYC is a legit one and it will secure your information. All others in crypto, I seriously doubt.  

[Leonard2016]

If they are using a burst checking system like Jomio that coinlist uses it, it would be very difficult to pass it with a fake id since it asks you a lot of documents and a live face picture , but some of the systems seem crackable .

[Fivestar4everMVP]

Yeah, truely unfair, but still, maybe this exchanges aren't reputatable or they are to lazy to verify and make sure that KYC documents sent in by member are real and not faked.

I know some exchangers that it's very difficult to send fake KYC documents to cus always verify and make sure every single information on your documents tally with those on your bank account, if by any chance they discover a slight difference from what you have on your bank details, they will disapprove and ask you to check for mistakes and resubmit.

[Alamin9884]

It’s not right to  give fake id for  KYC. I do KYC only when i see that the project is good.  At the present time , many bad people come  up with fake projects and ask  as to do KYC. As a result, all our information goes to them and they can blackmail  us later with these information . Wel all need to be wary of these fake projects.

[bjmpoker001]

I don't think they will be able to verify the identity unless they pay service from the country where the ID issued.
They should using the service, so they can validate the identity on submitted ID for KYC.
If they using the service from each countries, then they will know if the ID is fake or real.

[UniversityCoin]

There is one project where my friend sent his real ID so that he can be paid his bounty. I told him not to send a real ID but it is too late. So far nobody is knocking on his door because of charges of identity theft or something similar, but it is still an experience that one should remember not to do it again. There are many templates of i.d.'s on torrent that can be downloaded and be used for the KYC's. Of course, do not use it for real world identification, you will go to prison if you do that and got caught.

I also sent my documents to a project a few years ago and was very worried that my documents could be used by fraudsters for their own purposes. However, now I'm a little calm because a lot of time has passed.

[Radio-Active]

Everyone can fabricating fake identity documents, but it still can be detected by the authorized party.
Handling KYC documents should be given to government of the country, so they can detect the fake one.

[Banulit]

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.

NOT FAIR.

For some instances I think its better to look at the positive side of this method of giving a photoshop ID's especially for your safety and security as well knowing that they are some project/bounty campaigns whose looking for KYC process but after doing the process it turns out to be a failed or a scammed project like what mostly of the bounty hunters experience and also myself when I joined clipx bounty. I think for me its just giving us assurance that our identity safetiness and security as still strong and in good condition when we gave a photoshop ID for KYC processes.

[Vishnu.Reang]

Good projects ask for KYC because they are compliant to regulations I have no problem with that, as long as they show transparency when it comes to KYC you cannot escape it even if you don't want to because it's part of the compliant to the government and exchange operation to check accounts to have a good standing.

Not always true. I have seen projects based in countries where KYC is not mandatory, asking for such information. And I have even seen cases where the project team members are staying anonymous and they still ask KYC information from the investors. Anyway, whether it is for good purposes or not, I am not comfortable in sharing my KYC information. Too many instances have come to light, where the KYC information of investors were used for criminal purposes such as identity theft.

[samputin]

[snip]

Not always true. I have seen projects based in countries where KYC is not mandatory, asking for such information. And I have even seen cases where the project team members are staying anonymous and they still ask KYC information from the investors. Anyway, whether it is for good purposes or not, I am not comfortable in sharing my KYC information. Too many instances have come to light, where the KYC information of investors were used for criminal purposes such as identity theft.

Indeed, it's better to be safe than sorry. Even we say that new project had  atram showing their true identity, you still cannot guarantee that your personal info are safe with them. At the end of the day, they are just a new. Thus, less afraid of doing shady stuff because they don't yet have reputation needed to protect. So be careful guys! Do you yhink risking your info in excahege of few sh*tcoin is worth it? Nah, I don't think so.

KYC is a good precautionary measure, I'm not against with it. What I'm only worrying is the team you are dealing with. Think twice.

[UniversityCoin]

There is one project where my friend sent his real ID so that he can be paid his bounty. I told him not to send a real ID but it is too late. So far nobody is knocking on his door because of charges of identity theft or something similar, but it is still an experience that one should remember not to do it again. There are many templates of i.d.'s on torrent that can be downloaded and be used for the KYC's. Of course, do not use it for real world identification, you will go to prison if you do that and got caught.

I also sent my documents to a project a few years ago and was very worried that my documents could be used by fraudsters for their own purposes. However, now I'm a little calm because a lot of time has passed.

Some people don't participate in any campaign where KYC is mandatory. As far as I know, most of them send fake KYC to any projects for KYC verification. I think we shouldn't send real KYC information to scam projects, which information only deserves legit project. Because scam projects could sell our KYC information. Some of them also do that. They don't trust all projects.

Then I also participated only in bounty campaigns where the KYC was not required. But then the developers decided to request it from the participants. I felt sorry for my work and had to send my documents to get the reward.

[distr@yopmail.com]

Then I also participated only in bounty campaigns where the KYC was not required. But then the developers decided to request it from the participants. I felt sorry for my work and had to send my documents to get the reward.

some did ask for KYC after the campaign was over. but I will not provide any document even if it is a fake document. unless the project is already on the market and trading. that's an exception because what we're going to get already has a value. so we can calculate the feasibility of the documents we provide for a payment that we will receive.