Do you join ICOs that requires KYC?

[Vargum]

The requirement of passing KYC for the ICO can still be understood, but when they start to demand this from the bounty participants, I consider this unreasonable. Anyway, no matter how good the project is, there are still risks)

[DarkTaiga]

Currently, many ICOs are using an intermediary KYC check system (one KYC for all projects). I think this will resolve the problem about security information. In addition, ICOs that require KYCs is good and potential ICOs, it will be a disadvantage if you don't join them.

[larks500]

KYC in ICOs it is normal process for me. I think that any legit ICO should perform KYC process for investors in accordance with AML requirements in location of ICO registration.

[Tefenyt]

I don't care for the possibility of KYC on the grounds that it damages obscurity. Yet, to those tasks that caution ahead of time that it is important to pass KYC, I resist the urge to panic. In any case, there are ventures that say in regards to KYC later. These are the ventures that frustrate me. What's more, obviously, I don't confide in the airdrops that require the entry of KYC.

[aaravnatalyn]

What I mean is the threat of the company getting hacked. So I only join ICOs with KYC that have a good team behind the project and where I would also invest myself.

[fempat]

I don't join them as I am not too comfortable giving out my personal information. The projects are new and we don't know the team yet.  We don't know what they can do with the information we have about us.

[captain_blood]

Do any of you participate in ICOs that requires KYC (Know your Customer). We actually experienced this one on exchanges but how about in partipating in ICOs or just even in airdrop that requires KYC.

I think it depends as for me as they are many scams as well just getting your information. In some instances, we can be blind sometimes, mkay? I really do not join airdrops if it requires too needy to get your personal information.

I believe some people are not cautious as long as they can join airdrops. How about you? What are your thoughts about KYC in ICOS?

Actually KYC is compulsory to every compliant ICO. This was the legal move to start with an ICO. Just like the conventional IPO. Every start-up needs to be compliant in ALM regulation because this is the global concern - fraud and laundering and we know that every states hates that. To prevent such action to occur, they imposed KYC.

[kokota188]

It's not a good idea to give personal information to strangers. Actually im always choosing ICO without KYC because making a ICO for a bounty does not wrong in my opinion.

[blokceyin]

I haven't joined any ICOs that requires KYC. I wouldn't give my personal information so easily, but if there will be so promising and a big project I might consider joining in.

[haviet546]

I never join ICOs that require KYC because one of the beauty of crypto apart from being decentralised is anonymity.  I believe KYC is against that.

[ZumbiLe]

I join ICO that requires KYC in the event that I find that it has a promising venture that could give me a major profit for my interest later on. We generally do explore before making an interest in ICO and KYC is dependably a pre-essential at whatever point we join ICO's crowdsale. ICO speculation is dependably a hazard and KYC runs with it. In any case, I am reluctant in joining free airdrops that requires KYC.

[papagravel]

If I consider the ICO to be promising, it is not difficult for me to pass the KYC identification. The truth on my documents I write that this is a sample.

[Cwyaalim]

I have even become accustomed to the way that KYC can be asked for ICOs, so I don't generally make it a major issue once more. On the off chance that I am sue I am putting resources into the correct venture and regardless of whether with abundance it requires it, as each and every accessible cash to make this days, I don't keep running from. The most essential thing realizes that you are putting resources into a strong undertaking, and you will have an extraordinary incentive from your interest over the long haul.

[Lora_ng15]

I think that kyc is a great idea, but the test is not good enough, because people can use other people's documents

[stanforders]

I join ICO that requires KYC in the event that I find that it has a promising venture that could give me a major profit for my interest later on. We generally do explore before making an interest in ICO and KYC is dependably a pre-essential at whatever point we join ICO's crowdsale. ICO speculation is dependably a hazard and KYC runs with it. In any case, I am reluctant in joining free airdrops that requires KYC.

Yes, but I will choose to explore the potential and authenticity of the project. It will be selected to participate in the verification of KYC.

[BlackWidow]

what can't they do with the documents I gave them? absolutely nothing. for example,you can use your driver's license instead of your license to identify yourself. now no loans and no real estate on you form can not without your participation.

[chocopapaya]

It's at the point where it is hard to find an ICO that doesn't do KYC.
This is problematic for a lot of reasons.

The number one reason is that most ICOs don't need to do KYC because the company is in a country that doesn't have specific regulations regarding that.
Rather, countries like USA, CHINA, and Singapore do have them, but if your company is based in Russia, SEC (US entity) has no authority over you.
It shows that most ICOs have no clue about legal issues.
Either they have no legal team at all or have very poor legal advisors.

The other problem is the kyc process is usually laughably bad.
Send a scan of your passport and voila! You passed.
I have tested it out and there have been 3 icos where I passed kyc with a picture of a passport I got online.
Craziness.

[vinbentrob]

Personally,  I detest giving out my personal information.  But sometimes,  the ICO that requires KYC may be the kind of ICO you don't want to miss.  What I  usually do in this kind of situations is to look for similar project that is promising and that is not asking for KYC.  When I find such project, I invest.

[rvlrshr]

Yes, but you need to choose a bounty manager or bounty platform that you could really trust sending your documents with because it might end up getting your identity stolen. Better check their security papers before trusting them.

[hamzeto]

I have a high degree of trust for ico platforms that use KYC as they seem to be more credible than those who don't. Besides KYC is very common in most of this upcoming projects as it will ensure that most of the bad eggs in the sectors get flushed out