kyc and icos

[ifanxu]

The best way to do is not to participate at any ICO at all, Waiting for the trading platform to be listed, if you continue to look good on it, you can buy it. this way you don't have to worry about privacy issues and scams.

[iillaa]

kyc is used to avoid money laundering, if you try to cheat on that, does this mean you want to dodge a legal process? you may be a good person, but good person aslo can be bad person in future.

i dont know bro its the internet  there is no such thing like boy / girl  or  bad / good   you can be whatever you want you can even catfish people if you understand what i mean 

i just want to get my bounty token or airdrop   without the need of worrying about my privacy security  ....   and that is the case of lot of ppl 

[jyotianand01]

KYC is not a bad thing and nowadays it is required in generally every online transaction where money change from one hand to other and it is mandatory as per government in many countries and nothing is wrong in it. I don't know why people are confused regarding KYC as they are not asking anything special and just want to know your identity.

[Iyanuisaiah]

There is nothing bad in doing KYC in ICO contribution, it show how much the particular ICO team were committed to it, and also stop scam and fraudulent

[kjnfmplm]

when doing  a kyc  for an ico or a worthy airdrop   can i hide my  id numbers  ?  like passport numbers and so    

also  what id card is the most important  and i should nvr  use it   ?  passport or  id card or driver licence ?

and in case  i got scammed by scam ico  what can i do  in case of id theft ?

and  am seriously considering to do some Photoshop on my id card or passport     to only use it on kycs  not something else and i dont want to screw my life  xd  so  how law look at this point ?   and does those ico can identify that it got modified by Photoshop ?  

ps  :  most ico do manual check  i tried to send random document but got refused  


so  i think that topic is worth to follow cuz we are all suffering from kyc  

and one of my friends  told me stories about id theft  he used to send his id but now he stopped  

I once saw a campaign which is highly paying even for junior members. But the problem is this KYC (Know-Your-Customers). I am in doubt on whether it is really necessary to give such personal information for a campaign. That's why I did not join. But, what are the risks that you can get if you applied and send your personal info in this kind of campaign?

I think that it is illegal to manipulate the info that you will send. But, did not look for further info.

[Marsyam]

From my point of view, you should not trust anyone if we talk about your privacy, this information may be sold to others who will use it to be illegal and It is a risk to upload your identity to the network, so when investing in ICO, we should be sure that it is a serious and recognized team, I would not recommend using fake identities as they detect quickly.

[deepcryptomine]

I am a small investor and so just avoid joining ICOs now. Even for bounties I have seen KYC requirement and I have let those bounties go even after completing the work for them. I worry about my personal information and if you are planning to only invest a small sum then it is not worth it. You can just buy it when it hits the market.

[trimulia]

that's so complex problem but if u need more kyc u can buy my kyc, i have around 8 kyc with selfie ID card pm me if interesting

[pujumba]

I don't participate in KYC. There is too much risk. You never know who you are dealing with in crypto and you certainly do not want your identity to be sold to anyone.

[Natsuu]

I don't participate in KYC. There is too much risk. You never know who you are dealing with in crypto and you certainly do not want your identity to be sold to anyone.

Indeed. If someone wants a lot of money then he can do things unimaginably like selling the identity in black market that can be use in everything. Even though ico developers promise that kyc won't be disclosed to anyone still there will be someone who'll betrayed them. I don't want kyc either as the essence of being anonymous of cryptos are soon to be gone.

[loaddebitcard]

when doing  a kyc  for an ico or a worthy airdrop   can i hide my  id numbers  ?  like passport numbers and so    

I think you better talk to bounty manager, anyway that sound real, don't see why they should refuse you.

also  what id card is the most important  and i should nvr  use it   ?  passport or  id card or driver licence ?

Use driver license, its the most safest way as I see.

and in case  i got scammed by scam ico  what can i do  in case of id theft ?

Prey and yell in rage. Nothing more, really.

and  am seriously considering to do some Photoshop on my id card or passport     to only use it on kycs  not something else and i dont want to screw my life  xd  so  how law look at this point ?   and does those ico can identify that it got modified by Photoshop ?  

Don't think so, you can change some numbers there. I heard the stories when people did that and used it at official government procedures and never been caught, its 99% bounty won't be able to check that info.

ps  :  most ico do manual check  i tried to send random document but got refused  

Just because they already know all IDs by free access, thousands of people are using them.

[wel24]

Theres nothing  wrong for KYC requirements.This is the best way to know their costumer if he or she is in restricted country  of ico.Anyway ,try to research about top and good ico like SciDex .I have checked their article and social media posts and it looks amazing and cool project.You must check SciDex  for more info.

[tamango]

If you hide your ID number, KYC will never be approved... they have to check this because of Government requirement......

[labake]

Smile! There is no necessity for sending or uploading a fake document when you are doing kyc verification. The essence of KYc is to know either you are real or fake which they would surely go any length for verifications. Really, it’s very risky for someone uploading identity documents on network but we have no choice when you have a serious and genuine investment company which requested for it. They are trying to keep sanity for requesting kyc

[Monkeyseemonkeydo]

If you hide your ID number, KYC will never be approved... they have to check this because of Government requirement......

And how would they check it? I doubt they have an access to government databases, or you mean they're going to send our IDs for checking to FBI? 

[pujumba]

I don't think people are necessarily bad for trying to avoid KYC. For some countries such as USA, the KYC process usually means that we will be banned from participation. People look for ways around it for legitimate reasons.

[iillaa]

If you hide your ID number, KYC will never be approved... they have to check this because of Government requirement......

And how would they check it? I doubt they have an access to government databases, or you mean they're going to send our IDs for checking to FBI?  

well its actually the opposite    the government will have access to the project  data  and the project is obligated to give the gov your kyc    so they can simply track

you and  get tax from you   and by saying gov  that mean the IRS     i think this is basically in the usa  but since  most ico ban us citizen  idk what is the state of other non usa

citizen toward this kyc  

well am still looking into it whenever i have some time   but basically sending fake info  to buy token is illegal and may cuz  legal pursuit  ...for free money  like airdrop

and bounty  i dont know if its same as buying tokens or no  

[WalkerIVIV]

If you hide your ID number, KYC will never be approved... they have to check this because of Government requirement......

And how would they check it? I doubt they have an access to government databases, or you mean they're going to send our IDs for checking to FBI? 

They wouldn't check it but it seems like it will be required for them all to defend against the regulators. The majority of regulators especially from US is really strict with ico.
KYC purpose is to confirm there is no participant from US or another countries that prohibit to participate in the ico.
They don't have any access to the database or even FBI.

[Anne8]

Of course, I also do not like the fact that during the KYC procedure I must provide my personal data to unknown persons whom I can not trust. But to me as a participant in many bounty campaigns, this has already become a routine procedure, since almost everywhere KYC is required, and refusing to pass means losing the earned coins ...

Kyc is kind of verification to some people who join some project, whether in ico crowdsale and maybe bounty.
The fact is kyc has many cons where people refuse to fill the kyc form for any unknown reason. For me i also refuse to do it if for bounty reason.  Normally only investor which need to fill KYC.

[Ab-Soul]

I hate KYC procedures. This is crypto, what id are you asking? Everybody should remain anonymous.
There are also too many scam projects just to collect personal information. Be very careful. Don't join ICO's and bounties that require KYC.