What does KYC gives you ?

[manojpatelme]

Hi.can someone tell me if KYC is ok ? what could be the effects of doing it especially in bounties/airdrops, they are requiring to pass KYC before joining

Bounties and airdrops do not need KYC, if they are asking be careful because if they are Scammer they can use your personal data for there benifits . Requirement of KYC depends on project and there team.

[Kencha77]

I haven't done KYC myself but i believe being conscious is the proper action towards joining those bounties, specially airdrops, which requires KYC. You might want to ask the people behind it for any legal documents that would support any KYC requirement. This would make you safe for identity thief i believe.

[Ducky1]

Hi.can someone tell me if KYC is ok ? what could be the effects of doing it especially in bounties/airdrops, they are requiring to pass KYC before joining

In some countries it is forbidden to participate in the ICO. Developers want to protect themselves and ask you to go through KYC to verify your citizenship if you are an investor.

[deppil90]

Kyc is now a necessity for a project to enter into an exchange, as proof that they have a real community

[mirakal]

Kyc is now a necessity for a project to enter into an exchange, as proof that they have a real community

Not all project actually, and not all exchanges, some people does not want their personal information to get revealed so they will choose to invest
in a project where no KYC requirement and they can only trade in decentralized exchange. I believe decentralized exchange is gonna be our future but
I am worried how the government will act on the regulation side.

[BravO_o]

I've heard that some people sell on the black market gigabytes of databases of people who have sent their personal data to unknown people.

[dearbesz1219]

Know your customer is a process to verify that you are real human, for completing it, you will not receive anything.
But there are exceptions, some ICOs offer tokens for free if you complete a KYC .

[axel2078]

I've heard that some people sell on the black market gigabytes of databases of people who have sent their personal data to unknown people.

For the airdrop and bounty scam, they asked KYC to sell the database on the black market. And the information of the KYC will be revealed and used for a variety of purposes. Of course it will be is bad and it will be dangerous for those people

[Aiberg]

The overall idea behind KYC is quite commendable, although sometimes it could be about regulatory rules but sometimes, it is enforced to check cheating, if most airdrop or bounty hunters are not kept in check, they would find ways to cheat the system and other hunters.
But not all projects are genuine, some just wants to steal people's information so always be careful about the kinds of places where you input your personal information.

[o.ogurlu]

İ am not joining airdrops and bounty campaigns which want Kyc. Because I don't trust a very new platform for share my credentials.

[shinchan123]

Hi.can someone tell me if KYC is ok ? what could be the effects of doing it especially in bounties/airdrops, they are requiring to pass KYC before joining

Some bounties require KYC to comply with the law depending on where the project is created. The reason why they conduct KYC is because in some countries it is illegal to invest in crypto, so to abide with the law, they require participants and investors to pass the KYC.

[TrevorS]

Passing this procedure gives you the right to participate in the purchase of coins or the right to payment if the project requires for this to go through this procedure. An KYC is always a risk that your data will fall into the wrong hands. Therefore, always ask yourself how high the risk is.

[pinoy.bolanon]

Hi.can someone tell me if KYC is ok ? what could be the effects of doing it especially in bounties/airdrops, they are requiring to pass KYC before joining

There is nothing wrong with KYC, as long as it is being used legally, but be careful sometimes because KYC documents has been sold in the black market, based only on what ive heard, so ill be more careful next time on what ICO or projects to be participated with KYC verifications, our identity is much more important than those cheap ICO's. In fact, in my months of joining bounties with KYC, i never encounter theft identity, all of my joined projects paid well, who knows in the long run. So better be careful.

[mariah.sadio]

KYC improves and assures the authenticity of every people or persons who joins the ICO. In order for them to meet their quota of participants with legitimate identity and identify every users who register if they are unique or registered before.

[adzino]

I've heard that some people sell on the black market gigabytes of databases of people who have sent their personal data to unknown people.

Yeah, they might do that. There are ICOs that are initiated just to scam people. After successfully scamming those people, they end up selling their information (ID, address, bills etc) on the black market to earn more. If they can scam people, they will not hesitate to do this too. That is why, while sharing your information, make sure you are sending it to a very trusted project/people. Not some random project which are developed from their basements.

[pinovero]

Sending your persoınal documents always bad my friend. Surely if that project which you send these documents are legit ithink that will not cause any problem but if you are sending your important documents too all projects include scam ones that can be bad for you because bad people can do too many things with your passports or other infos.

[pleci]

İ am not joining airdrops and bounty campaigns which want Kyc. Because I don't trust a very new platform for share my credentials.

very risky indeed giving your personal data to others because it could be that your identity is used for things that can harm you. Therefore, it is best to avoid such things because like the saying "prevention is better than cure". better to follow other projects that do not mean KYC. I think there are still many good projects out there. nhbjm,m

[crudpuppy]

if investors have to pass the KYC, then let the team to pass kyc also, coz many teams can be just a scam. What do you think about?

I don't like it or want it around the coins. I just find the whole thing ridiculous and lame.

[Olatunjex]

You can't do without kyc in bounty campaign presently, if you still want to be hunting for bounty you should get use to kyc, i haven't done any bounty campaign without kyc this year.

[Ranly123]

Hi.can someone tell me if KYC is ok ? what could be the effects of doing it especially in bounties/airdrops, they are requiring to pass KYC before joining

I think KYC is a means for the developers to avoid multiple accounts on bounty Hunters. Aside from the data that we disclose to them, there is no other that they want from us. So it would be cool to follow their rules with regards to their bounty.