What does KYC gives you ?

[coin-investor]

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

Do check diligently if its worth it, if it airdrop and you are going to get a few dollars of their token that you didn't know is going to be the real value in exchange for your personal details that are going to be sold in the dark web then think wisely if this is what you really want.

[trahaubab]

KYC is not OK. It doesn`t give to us anything good (that is just rule for some ICOs). As I see, that the KYC is a big danger for all of us (investors and bounty hunters) as we don`t really know where are our documents

[plr]

I stopped participating in this airdrops with KYC, I don't see any point of participating because of you don't give your personal info to total strangers for just pennies, it's very risky and you are going to regret it later, the internet is a very dangerous playground to play with.

[sudeshkumar]

KYC is sharing of personal  info which should not be given as it can be misused as in the bearish market more and more projects are being not completed .

[marufnang]

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 the most correct thing is what KYC takes from us .
For me KYC making us loosing the privacy that we once had just like what the idea of anonymity about cryptocurrency.

[covfefe_]

If you are a general investors and you are giving your KYC to a legit project, there's negligible risk and you don't need to worry about anything.
KYC is generally asked for verifying your identity if you ever been suspected of money laundering or funding terrorists.
But fake ICOs are also collecting your identity and selling them off to people who would use it for illegal activities and hence dragging you into trouble.

[Debonaire217]

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

It is quite risky if you are oblige to provide your personal identity in every bounty that you are joining especially in a very easy task like joining an airdrop. If the ICO is scam it is dangerous that they might sell your information to others.

[kakade]

KYC if I think it's very good because they have a purpose to avoid account fraud. And if you don't agree, of course, you can look for Bounty or Airdrop projects that don't use KYC. I think there are still many good projects and do not use KYC for payment of benefits.

[Itsmylife]

I don't join any bounty campaign, what ask participants must do KYC to join. I think you should not give your information to receive back a few cents. We don't know what they will do with our information.

[Vika0170]

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

It's good that they require to pass KYC before joining, here you can think about it or not, sometimes companies announce the need to pass KYC is almost at the end, that's when it's a shame.

[JayCue]

We already know what KYC is for but we have to be cautious about where to send our personal info so it won't be used for illegal activities.
KYC for airdrop and bounties is I think not that necessary unless they give hundreds or thousands.

[dilandanmilea]

as far as I know, the kyc hunter bounties are needed when the bounty campaign is finished and when the tokens are distributed, and also in my opinion kyc has nothing wrong, kyc is enforced to ensure that in the bounty campaign nobody cheats like using a bot, so if it is bounty campaign requires kyc just do it for the common good.

[Rustamm]

KYC if I think it's very good because they have a purpose to avoid account fraud. And if you don't agree, of course, you can look for Bounty or Airdrop projects that don't use KYC. I think there are still many good projects and do not use KYC for payment of benefits.

The KYC verification has nothing to do with reducing cryptocurrency fraud. If you mean reducing the number of multi-accounts in ICO bounty campaigns, on the one hand, KYC checks should not be conducted for this purpose, but on the other hand, if desired, multi-accounts can provide data of their relatives and friends with their consent and thus successfully pass KYC. This is a very big price in order to fight with several accounts on this forum and a great folly. KYC checks should not be carried out for bounty hunters and especially at the end of the ICO. This is precisely the fraud on the part of the ICO teams. Some bounty hunters simply cannot physically provide certain required documents, such as proof of residence at the place of registration, since in many cases we will not live at the place of registration. In this case, after we do our work, we learn that we lose the right to receive earned tokens. Of course, this is a direct fraud.

[babarian]

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

applying KYC is not always the same, sometimes they require KYC to get tokens, or when you register as a bounty participant on their official website,
this will be fine, i have never heard bad news about misuse of KYC documents

[Google+]

KYC can sometimes be very dangerous if you do because you have to give your identity and surely it will make criminals easy to commit criminal acts and your identity is very sensitive so when you do KYC just for the airdrop or bounty campaign as well as you don't do it because it's very dangerous.

[senin]

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 KYC check does not give the head hunter anything. It only takes away from him his personal confidentiality, and even nerves, if such a KYC check is carried out at the end of the ICO or even after its completion.
It should also be said that KYC verification for ICO bounty campaign participants is illegal, no state or its bodies require ICO bounty participants to undergo KYC verification. This is the arbitrariness of the ICO teams. Ask them to give you information on what legal basis they do it. Such a KYC check can only be carried out in relation to investors.

[sodiik]

Following a program with KYC provisions will be balanced with the efforts that have been made if the results obtained are of high value. To fulfill all the requirements in KYC, it takes quite a long time because there are also quite a lot of efforts. So that KYC will draw the results if applied in a good ICO and the future prospects are also good. I will not follow Airdrops who apply KYC. That to me is not balanced and wasted time.

[valnd]

As for me I don't really like KYC because it's risky, you don't actually know who you are giving your personal information to, so you should always be careful especially airdrops that ask for KYC, I don't really support that.

[wattson]

Sad but true - KYC is everywhere now. One should decide if he wants to risk and give his ID or passport to some project and take the risks or give up and feel safe. What are these risks? Well, some people are talking about loans risks... but I don't think it's possible in fact.

[HauntOne]

What does KYC give me?  HM, probably adds a bit of confidence that I will get my tokens, but what do those who impose KYC get in return is much more valuable