What does KYC gives you ?

[CaMeRoNy]

I still think that it is dangerous to participate in bounty and especially in airdrop companies that require the passage of KYC. But really only some of these projects are scams. Your data can be used by scammers, so you should think carefully before participating in such projects.

[ElnurBash]

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 thojk taht ypu can choose what ege you want ans that is why here is the kingdom of freeedom here and do not worry a lot

[tamango]

I don't like KYC for bounty campaign and I think it's absurd to ask for airdrops but unfortunately most of projects now requires KYC so you have to choose: if you won't do KYC you will not receive tokens, on the other side if you do and project reveals a scam you gave your personal data and id to perfect strangers and scammers....

[agentx44]

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

The reason why ICO projects ask for kyc to avoid multiple accounts and cheaters, but some projects ask for kyc to steal your informations, that is why a lot of people hate kyc because it is risky. Kyc also don't gives you anything you just submit it in exchange for your rewards.

[sergei1703]

KYC gives nothing to investor, but it gives ICO campaigns more confident in order to prevent scam situations with stolen money, like offshore.

[qwerty1337]

I believe that KYC should be passed before the company, so that later there would be no problems. I like that more and more companies are demanding KYC, so bots can be eliminated.

[suzanne5223]

Know Your Client gives me nothing in return.

The Team developer will just get my information and copy of MY ID>


KYC is just better for them as they can see people who must not connected to them!

But aside from that nothing more, KYC is not healthy for investors!

Yes, KYC seems to be healthy for investors because we had the issues of data linkage and selling of KYC participant information last year but the only thing I see in KYC is that it the government way of regulating the market/control crypto currency, keeping the market clean of unnecessary transaction. However, I believe the government can still do that with or without the KYC.

[dimerasd]

I think that KYC on the one hand will help in the development of cryptocurrency, there will be more trust due to regulation, and on the other hand, the cryptocurrency will lose its chip

[Adunni6758]

KYC for some projects is mandatory and if you must join, then you must be ready to comply with their terms and conditions. If you are not ready to do any kyc, there are so many projects that will not ask for it. Then that a project is asking you to do kyc, does not mean it is legit or authentic,which mean you must also do research of every project you wish to go with and comply on such.

[white_star]

KYC for some projects is mandatory and if you must join, then you must be ready to comply with their terms and conditions. If you are not ready to do any kyc, there are so many projects that will not ask for it. Then that a project is asking you to do kyc, does not mean it is legit or authentic,which mean you must also do research of every project you wish to go with and comply on such.

For me, KYC can lead us to risk with our personal information that they can able to look or get something with our IP address, it's not necessarily that it goods to have KYC because as certain time this technology is decentralzed and we're just anonymous here.

[claus-rich]

I try to avoid KYC because I don’t like the fact that I lose my anonymity in crypto. I think this procedure is dangerous.

[papagravel]

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

That's the problem with KYC, that many bounty campaigns require KYC to pass only after the end of the bounty campaign, which allows them to save a huge amount of money on those participants who could not get through to KYC.

[nwanne]

Well doing KYC should depend on you, but passing KYC means you are giving the team your personal information, if anything goes wrong or it get hacked, your personal information could be sold at dark web

[bitcoin31]

We don't know. Because for me as investor of ICO it's not safe for me because possible they will use our information to other bad activity like if the ICO is scam. But in bounty hunters is possible to become useful because if can prevent bounty hunters join in one bounty.

[tisoysoy]

Well doing KYC should depend on you, but passing KYC means you are giving the team your personal information, if anything goes wrong or it get hacked, your personal information could be sold at dark web

KYC gives me pressure because I'm thinking for my money which it can goes to risks because it might loss due to the informations, I'm just hoping that it will not having because this technology is just anonymous here.

[Cyptobonds1]

I think the kyc of a thing have a bad contribution to the crypto project than the good, like we already believe that there are of scam coin out there trying ripp people off their money so why creating more chances for them to go deeper by have your information in the name of kyc, some people will be tell you it's good if the project is legit now tell me how do you know if real it was.
So I think we should avoid that if not, I heard of a Chinese boy sell over five thousand 5k kyc required details to people. Can you imagine

[Akpuv]

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

KYC is totally not okay in cryptocurrency generally and  completely unnecessary when it even comes to airdrops and bounties. I can't imagine compelling someone to do KYC for just $5 airdrop.

[dimonarka]

KYC doesn't give me anything. This is an extra loss of time and effort. but many companies can also be understood. it reduces the risk of fraud

[rhomzkie26]

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

Kyc is one of the requirement that has always been ask for us to get our rewards if we are one of the bounty participants in the project campaign. Aside from that it is also required in most of the exchange for us to get our profit also according to my understanding too. But honestly, I'm not agree with this rules but I do nothing due to I need profit.

[Gabali126]

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

KYC has never done me any good. Waste of time. For campaigns where there is no tangible reward, I wouldn't mind ignoring the KYC process.