Are You Afraid of KYC?

[Tras86]

Don't be afraid ...... if you have nothing to hide
I have participated in several projects, and always done it in a quiet way

[Malsetid]

I've never participated in a project which asks for KYC information yet. And I do not actually plan to do that, only if such thing will be required everywhere, in that case I simply will have no choice. I am not so afraid of the system, but about protection of my private info. There are not guarantees for 100% safety and I am afraid my private info would be used for wrong/illegal targets.

The thing is, why would any project require kyc just to distribute tokens? That's a little shady in itself already and i'm not going to be interested and it's not worth the risk to my private information. If it's trusted exchanges like binance then i wouldn't have any problems. I actually did it already.

[qwertyup23]

The problem with KYCs will stem from storing our personal and essential data as an opportunity for hackers to steal. Not only will they target our resources but also they will jeopardize our safety and information. Leak of personal information can be very costly and dangerous at the same time for everyone's safety.
With the growing world of cryptocurrencies, I see that local exchanges might implement this feature anytime soon but this is the inevitable scenario.

What we need to consider is if this implementation outweighs the negative outcomes of it. Maybe we can also view the silver lining as it provides security and insurance to our money.

I've never participated in a project which asks for KYC information yet. And I do not actually plan to do that, only if such thing will be required everywhere, in that case I simply will have no choice. I am not so afraid of the system, but about protection of my private info. There are not guarantees for 100% safety and I am afraid my private info would be used for wrong/illegal targets.

Our burden is to be responsible enough to research about the said project. We are already putting our resources at risks but also our personal data, information, and overall safety is at stake. Maybe this implementation would have a detrimental effect on the general view on cryptocurrencies.

[Pamadar]

I've never participated in a project which asks for KYC information yet. And I do not actually plan to do that, only if such thing will be required everywhere, in that case I simply will have no choice. I am not so afraid of the system, but about protection of my private info. There are not guarantees for 100% safety and I am afraid my private info would be used for wrong/illegal targets.

That's exactly the reason why more people are not doing it, securities of their personal information can be at risk if they will passed it up to someone
that they are not trusting, news from internet says that inside dark web personal identifications can be sold, most of people around here are aware
about it, so KYC procedure ain't being supported.

[imstillthebest]

I've never participated in a project which asks for KYC information yet. And I do not actually plan to do that, only if such thing will be required everywhere, in that case I simply will have no choice. I am not so afraid of the system, but about protection of my private info. There are not guarantees for 100% safety and I am afraid my private info would be used for wrong/illegal targets.

That's exactly the reason why more people are not doing it, securities of their personal information can be at risk if they will passed it up to someone
that they are not trusting, news from internet says that inside dark web personal identifications can be sold, most of people around here are aware
about it, so KYC procedure ain't being supported.

its not only sold on the dakweb but kyc infos are also being sold online . if you google it you can find all of them  .  you must not be afraid to do kyc if its really recomended especially if you are using an exchange or wallet  .

 kyc on bounties and airdrops are the one that i find inapropriate because why they would be needing your pesonal infos if you are not dealing money or cryptos with them ?  just neglect them and see if who will the ones that will regret in the future  .

[dariushatay]

thanks for sharing the post , I have exactly the same problems with my servant
سپند بار

[Falgorn]

I can see that soon almost exchanges and even ICO programs will be requiring us to do the KYC procedures where we are required to pass copies of our legal documents before we are granted entrance or the use of the services or programs we are interested with. This can be as common as having a password or 2FA.

Now, personally I have no big problem with it though just like anybody else am also concerned that my personal information can be divulged to anybody or a group that might use it for any illegal purpose. This is one risk we are facing once we are actively living in the online world. Evil people who can be thousands of miles away can now be just one click away.

What are your apprehensions about the KYC procedures that will soon be as popular as noodles?

KYC check can not be popular, because it is always associated with the restriction of citizens' rights to the confidentiality of the individual. KYC checks should be conducted solely for the purpose for which it was intended, namely, the prevention of money laundering and the fight against the financing of terrorism. therefore, only large investors should pass KYC checks. members of the ICO bounty company should have nothing to do with KYC verification at all.

[sheenshane]

.. members of the ICO bounty company should have nothing to do with KYC verification at all.

You have nothing to do just obey or avoid KYC implementation that acute incident and the majority of ICO bounty company are implementing now KYC especially those exchange platform. Maybe let's accept the fact that nowadays we need to pass KYC/AML just for our own security and the company as well, they are implemented to reduce cybercrime such as fraudulent, scamming and others that involve money and to become to protect both parties from any possible scanning happen.

[Ojengonggu]

.. members of the ICO bounty company should have nothing to do with KYC verification at all.

You have nothing to do just obey or avoid KYC implementation that acute incident and the majority of ICO bounty company are implementing now KYC especially those exchange platform. Maybe let's accept the fact that nowadays we need to pass KYC/AML just for our own security and the company as well, they are implemented to reduce cybercrime such as fraudulent, scamming and others that involve money and to become to protect both parties from any possible scanning happen.

I think there is nothing we have to fear from KYC because as said @sheenshane all have used KYC. and we can't avoid that even a few days later this forum implemented KYC too but unfortunately it seems the program was canceled

[jakezyrus]

.. members of the ICO bounty company should have nothing to do with KYC verification at all.

You have nothing to do just obey or avoid KYC implementation that acute incident and the majority of ICO bounty company are implementing now KYC especially those exchange platform. Maybe let's accept the fact that nowadays we need to pass KYC/AML just for our own security and the company as well, they are implemented to reduce cybercrime such as fraudulent, scamming and others that involve money and to become to protect both parties from any possible scanning happen.

I think there is nothing we have to fear from KYC because as said @sheenshane all have used KYC. and we can't avoid that even a few days later this forum implemented KYC too but unfortunately it seems the program was canceled

Not all task/project that require a kyc are legit . what if what if they are shady or scam ?  And the worst thing is that you already send your kyc to them ? They can use your info to do unwanted things  . kyc is seriously dangerous  .  we must not do it instantly without doing a proper research to the company that we are dealing with . not all have used kyc , only few maybe .  and the kyc on the forum that you are talking about is only an april fools joke  .

[Tanya78]

I also take it with concern that my personal information may fall into the hands of fraudsters. And for this I try, where possible to avoid it.

[Daveprofile]

For me, I am not scared of KYC, because I don't have any fraudulent intentions. How ever, I am skeptical about some exchanges and ICOs we sign up to. They are not genuine and would only only sort out relevant information from registrants. I just hope more sanity comes into this world.

[JH_Cash111]

interesting point of view

[r1a2y3m4]

For me, I am not scared of KYC, because I don't have any fraudulent intentions. How ever, I am skeptical about some exchanges and ICOs we sign up to. They are not genuine and would only only sort out relevant information from registrants. I just hope more sanity comes into this world.

Let's say that you don't have any fraudulent intentions. What if those people that are getting your information are the ones making those kind of shady activities? What if they use your personal information for their own interest? And use your name to scam somebody since they have your ID.

[mornabo]

I've never participated in a project which asks for KYC information yet. And I do not actually plan to do that, only if such thing will be required everywhere, in that case I simply will have no choice. I am not so afraid of the system, but about protection of my private info. There are not guarantees for 100% safety and I am afraid my private info would be used for wrong/illegal targets.

of course no one will guarantee that your identity will be safe. even though they are trusted agencies though. give identity especially stand photo with yourself and your face is the most risky thing. because someone can be very easy to abuse it. yeah I also never took part in a project that required KYC, I also never verified data on exchanges or wallets

[coin-investor]

I am more comfortable doing KYC to exchange than doing KYC to ICO, because there is no guaranty, that these ICO's are going to stay for long term, compared to exchange where they are compliant to the government where they are operating so it's much safer than ICO.

[sheenshane]

I am more comfortable doing KYC to exchange than doing KYC to ICO, because there is no guaranty, that these ICO's are going to stay for long term, compared to exchange where they are compliant to the government where they are operating so it's much safer than ICO.

An eligible user and a person who does not have a motive of doing such illegal deeds must not be afraid of the KYC (Know Your Customer) privacy data. But yes, some people are also afraid of doing something digitally because they might end up having no idea and being sued/ sentenced if they won't follow KYC. However, even though an eligible person like us is not afraid of it, we don't really like to be regulated like this.

I think we should just have to accept the fact the KYC is becoming more and more mandatory because of the people who abused cryptocurrencies and made it look bad to the authorities. Disclosing documents won't allow you having privacy. The regulators must find another option or alternative to avoid illegal activities.

[smyslov]

the only thing that concerns me is my vital information will be made public or a third party which has nothing to do where I submit my information will have access on it, I am ok with doing KYC to a bank because they are compliant but never to ICO which admin we don't know are indeed real.

[aioc]

I will soon do a KYC in Adabsolutions, I believe in the project and have promoted the project for 4 months I don't want all my efforts to go to waste and besides, Adabsolutions is one project that I believe has a good potential even though some people think it's a scam, it's everyone for himself when it comes to investing.

[Ipwich]

I will soon do a KYC in Adabsolutions, I believe in the project and have promoted the project for 4 months I don't want all my efforts to go to waste and besides, Adabsolutions is one project that I believe has a good potential even though some people think it's a scam, it's everyone for himself when it comes to investing.

Do the KYC if the trust the team, there is a risk but if you trust you won't mind the risk.
The bounty campaign nowadays have change, they require KYC for participants which we think they are suspicious but that's the rule now, so either we follow and join the bounty or look for another bounty.