What does KYC gives you ?

[TripleDrible]

Usually companies carry out the procedure of the KYC to avoid possible charges of money laundering and terrorism financing. If the company is registered in a country where there are such laws, for example the US, then there is nothing terrible in KYC procedure. Personally, I, for the sake of Airdrop would not send documents. For the bounty campaign it is normal i would send.

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[RajaCripto]

It all depends on you, if you are sure, please fulfill the requirements of KYC.
I personally do not like KYC, but if the terms only ask for driving license and proof of address I will fulfill it. The rest I do not want.

[Manoj94]

They steal out personal data through KYC, later they send junks of emails, sms, phone call wasting our time.So KYC is not good.

[sureshotcoin]

KYC gives protection. Though it has a disadvantage of not withholding the privacy, due to the presence of KYC you can know the person with whom you are making the transaction.

[yaaansi]

you will be notified about this and you will receive tokens on your wallet, which indicated

Unfortunately there are some bounties will notified you after bounty ends. This should be notified since bounty started, so all participants can choose whatever what will they do (participating or not).

That part do really sucks bigtime where they do announce it in the end of the campaign which you would really be putted into a situation where you would really need to choose if you would comply the KYC or not for the sake of those token earnings.I doubt that they do such thing because if they announce it since from the start only small count of participants would join in because no one really like to comply that KYC thing.

I have been victimed by some of these bounties, as the campaign reach its ending they were requesting for KYC which really is bad because I dont like to give KYC but then I already wasted doing their activities for nothing

[pacifista]

Only one thing for sure, kyc is  giving your full details just to recieve the bounty reward. Just to be true to myself i dont like submitting kyc to recieve bounty rewards.

[cynta]

I think kyc is a system that developers use to minimize cheats,,, they want bounty / airdrop participants not to use multiple accounts. Actually dev can not misuse KYC information it does not cause any problem whatsoever. But for myself,,, I'd rather not follow that bounty / airdrop. I do not want to give my personal information to strangers.

[Wipro]

I think kyc is a system that developers use to minimize cheats,,, they want bounty / airdrop participants not to use multiple accounts. Actually dev can not misuse KYC information it does not cause any problem whatsoever. But for myself,,, I'd rather not follow that bounty / airdrop. I do not want to give my personal information to strangers.

Some of the ICO really good and they do not use the KYC details for any shit purposes. In the same time you can find the some shit give the Google spreadsheet here on the forum like saying they are giving your tokens as a airdrops mate.
Most of the bounty campaigns does not ask the KYC details to distribute the tokens with the participants.

Like you all the newbies think that their KYC details are safe or not means then everything will be settled good.

[Bhosted]

KYC helps to secure an account or a private office on the site. I think that in general this is a very useful thing, although it can be very inconvenient.

[Ayamj]

it stop money laundering and multiple account but i still dont think is neccesarry for bounty

[Crypto__Men]

KYC is now becoming almost a mandatory procedure with participation in the ICO, as well as with participation in the bounty. Plus since it cuts out a lot of mults increasing pool bounty.

[Crypto__Men]

KYC in the end just humiliating. When you do a selfie with a passport and a certificate of utility services have a pathetic, begging, fawning look. You're feeling awkward.

[mastadonballs]

I don't know much about KYC cause I've never had to do KYC before but I can see that there are a lot of bounty participants and investors don't agree about KYC for ICO project and bounty campaign as well cause it's really risky for their ID document cause it can be sold if the data of campaign or project leaked.

[Enzo05]

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 like giving some of your information to them for verification purposes like in participating in some bounties  to somehow avoid duplicates . I do not participate on ICO's that required like that .

[dengineersprof]

KYC literally means Know your customer. It doesnt give you anything, it sets a restriction level and an access level for all customers at the particular time. For example there is a restriction to US citizens participating in some sites. Its possible for them to try to bypass such sites and want to join, now on joining, nothing would be accessible to him depending on him verifying his details which most likely is very good and also to avoid multiple accounts and also scammers.

[Crypcar10290]

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

By the definition KYC is the process of a business identifying and verifying the identity of its clients. In order to identify the investors the project needs to do a KYC to comply with the regulations, but during and airdrop/bounty there is not investment made for the person applying, so I do not see the point of doing KYC during airdrop/bounty, it does not give you anything. It is risky to disclose your personal for an ICO as there is not guaranteed your personal data will be safe.

[owenzy]

 i think KYC which means know your customer is important before an investor invest in a project, a process of  verifying and identifying a client or an investor, but for a bounty/airdrop i think its risky one needs to be sure its legit before doing KYC.   

[SeXy]

this helps to secure your account. KUS protects the wallet and in general this is the right thing because there are so many hackers now spreaded. we must fight with it..

[gabum19]

I dont like fiiling out KYC forms. And i dont participate those who have KYC regulations. For me it is like you are giving all your informations to all harckers to make a duplicate account using your files. Stay away from all if it. Be aware.

[Fendi23]

some time i think what function KYC for bounty hunter.when the project is only avoid the investment from money laundering should KYC only for investor, because the bounty hunter get reward when project close