Monthly income and Bank account statement for a KYC

[Kulafu]

I hope you are kidding, this seems to me completely crazy, more over that it seems to me a malicious way to know your financial power just to understand how much they can steal from you!
Can you publish the site of this ICO, just to check?

I'm not kidding dude. It's true. I just refrained of sharing the link. Though the project is not private but I think I'm not in the position to divulge it here.
I might accused of marketing sabotage. 

[1715351504]

1715351504

[1715351504]

1715351504

[1715351504]

1715351504

[South Park]

Just recently I saw an ICO that asking a monthly income and bank account statement for a KYC. It's said on their KYC form that it is important for them to know the financial capacity of their token holders or buyers.
What can you say about this requirements?
Somebody here did it before?

Do you have a link to that ico? Actions like that must be shamed to hell and no one should invest in such an ico, sending your documents is bad enough and now they want to know how much you earn? You might as well give them your money and tell them to never giving it back, that seems like a scam and as a way to become a target for hackers and scammers.

[Tambu]

Just recently I saw an ICO that asking a monthly income and bank account statement for a KYC. It's said on their KYC form that it is important for them to know the financial capacity of their token holders or buyers.
What can you say about this requirements?
Somebody here did it before?

Giving information to an ICO KYC is normal but asking like this that they need your financial capacity and bank statement is too much.  It could be they want to make it sure that you are financially stable just in case the token fails or they don't want to engage in an illegal source of money.

[dimonstration]

Just recently I saw an ICO that asking a monthly income and bank account statement for a KYC. It's said on their KYC form that it is important for them to know the financial capacity of their token holders or buyers.
What can you say about this requirements?
Somebody here did it before?

i dont think its needed to tell to them how muvh we earn monthly, i dont see any reason why they need it , KYC is enough so dont add other strange thing that you want to know. If i see this kind of ICO wanting to know our monthly income i will  surely not invest  any penny. We can see many project now that need investors without asking any personal thing .

[d57heinz]

Can you pm me the info.  Would also like to know more.

BR
Doug

PM sent
[/quote]

Thanks. What I would do is send them the same form.  If they are happy to fill it out for you then by all means.  I think it’s funny Kyc is one way.  Customers are the ones doing wrong.  This cracks me up a bit

Maybe it’s time we as consumers start our own kyb (know your bank). See who all they deal with on a day to day basis.  I bet this info would floor some people.

[HALLASTERA]

If you big investor then you must use KYC but only in trusted ICO. KYC is profitable for two sides because for investors it saving their rights to sendback.

[arjuna BTC]

what kind of project mate that need monthly income and Bank accoint statement for KYC ?
this is unbelieveable, and i think this is some kind of brokerage project ?
anyway would you like to show me what the project is ?
thank you

[ruffles2016]

That is the craziest kyc I have ever read. I wouldn't touch even with a stick to that kind of ico.
Kyc process might be annoying but its overall good. But thing you suggested is definition of TOO MUCH.

[7Pro]

Just recently I saw an ICO that asking a monthly income and bank account statement for a KYC. It's said on their KYC form that it is important for them to know the financial capacity of their token holders or buyers.
What can you say about this requirements?
Somebody here did it before?

Never apply those kiddish airdrops or ICOs where they ask for your personal confidential details.

I had joined before and i submit the form with kyc because if not then i will lose money so i force myself to do it.
But in the form i never found something like monthly income statement because i only submit my identity and thats it.

[cryptomema]

Just recently I saw an ICO that asking a monthly income and bank account statement for a KYC. It's said on their KYC form that it is important for them to know the financial capacity of their token holders or buyers.
What can you say about this requirements?
Somebody here did it before?

Do not give your account informations and your IDs to these people because you wont know when will these people will sell your informations in the darkweb,it is better to be safe than sorry when it happened.I personally not going to participate with these ICOs if they will require my personal informations because it might be use to anything online.

[cryptoux]

What a scam,do not let anyone to get your informations especially your personal informations and bank accounts,these people are abusing the KYC verifications to get information from the people who might know what could happen when these people are starting selling your informations in the darkweb,indeed some of the people know already that their IDs were sold in the deepweb and you cant do anything about it because these people are doing their best to get more money from your informations.

[virtualhero]

Just recently I saw an ICO that asking a monthly income and bank account statement for a KYC. It's said on their KYC form that it is important for them to know the financial capacity of their token holders or buyers.
What can you say about this requirements?
Somebody here did it before?

Never ever give your bank account statement for KYC because they can use it in illegal activities. Better buy altcoin or token after the coin is added in an exchanges, sometimes you can buy lower than ICO price and you don't have to worry that your personal papers are being compromise.

[Kulafu]

what kind of project mate that need monthly income and Bank accoint statement for KYC ?
this is unbelieveable, and i think this is some kind of brokerage project ?
anyway would you like to show me what the project is ?
thank you

Their project is all about  Monetizing sports and health data via Blockchain.
I have quick look on their white paper. Seems its all about tracking your health activities using health apps. 

[cryptogeek101]

Just recently I saw an ICO that asking a monthly income and bank account statement for a KYC. It's said on their KYC form that it is important for them to know the financial capacity of their token holders or buyers.
What can you say about this requirements?
Somebody here did it before?

I think that kind of request is too absurd for managers to ask. Why on earth should you should you show your financial statement to a total stranger. This is quite unbelievable. It's a blatant nonsense.

[the_viper]

It seems baseless to hear this. I have never seen this happening to anyone.

[VanDeinsberg12]

Just recently I saw an ICO that asking a monthly income and bank account statement for a KYC. It's said on their KYC form that it is important for them to know the financial capacity of their token holders or buyers.
What can you say about this requirements?
Somebody here did it before?

I think that kind of request is too absurd for managers to ask. Why on earth should you should you show your financial statement to a total stranger. This is quite unbelievable. It's a blatant nonsense.

The reason was some projects are applied the different standard to the investors. Those projects are asking about the monthly income just to avoid a little shrimp to participate in the ico because they know the majority of them will put all of their lives in the ico. I meant about they are investing their lives in the ico. I just understand that to give filters to the potential investors.

[Kulafu]

If you big investor then you must use KYC but only in trusted ICO. KYC is profitable for two sides because for investors it saving their rights to sendback.

KYC is just an information, there is no profit on it.  If you mean both side will benefit on it, well is not all the time. KYC can be use to steal your identity and asking a bank statement is too much for a KYC.   

[DRVX]

Just recently I saw an ICO that asking a monthly income and bank account statement for a KYC. It's said on their KYC form that it is important for them to know the financial capacity of their token holders or buyers.
What can you say about this requirements?
Somebody here did it before?

I think there is nothing unusual in the information requested. This is a standard situation aimed at combating money laundering. If you are interested in working with that particular service then give the data required.
But you can avoid this ICO.

[cryptopuma]

Do not trust anyone regarding your IDs and bank accounts,these people are trying to get your informations so that it can be sold to the darkweb,always be vigillant these people can do anything that they want with your informations.Do not trust anyone but yourself,ICOs doesnt need KYC especially when the ICO is based outside the U.S.

[Yourlover]

Just recently I saw an ICO that asking a monthly income and bank account statement for a KYC. It's said on their KYC form that it is important for them to know the financial capacity of their token holders or buyers.
What can you say about this requirements?
Somebody here did it before?

It looks like you are saying seriously, but in this case I do not think that it is necessary. What this group requesting is totally suspicious. So i think such kind of ICO is not safe to take part.