What does KYC gives you ?

[Slava_2017]

Personally, it only gives me inconvenience, as I am an experienced bounty hunter and for me it is a whole problem. What kind of anonymity of cryptocurrencies can be a speech? If your data will be freely stored in some company
 

[Esterklu]

I dont give my personal information to anyone, crypto is anonymous. And also so many scammers around, how can i be sure that my personal documents wont be used by them.

[South Park]

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'm not OK with KYC, one of the most important aspects of cryptocurrencies is to offer you a service in which you do not have to go through all of that bureaucracy that you need to go through with the financial system and now the developers of new projects have forgotten that since they only care about getting money and most of those coins will fail since they are getting farther away from the real purpose of a cryptocurrency which is to serve its users and not the developers or the investors.

[BTC-BTC-BTC]

There is no airdrop, bounty, and ICO is worth to give away your information. Hope the people run the project don't sell your information or they get hacked

[yeezycheezy]

I think company will know you more that your not dummy. lots of scams doing but if you do kyc they will trust you. and i suggest some you that you need to be a picky in a projets. sometimes other company they asking for a KYC and they are SCAM i dont know what they will used to it our information . so becareful

[Bobwallet93]

To be honest, KYC brought me nothing else then baked air.
KYC is a very very important issue to deal with.
Only perform a KYC when you sure that you are applying for a legit ICO, or airdrop. For airdrops you have to be extra carefull, these project might look profitable but only take your personal information and leave you behind with zero token or value.
Greeting!!

[iamsk]

Kyc Gives Me Spamming Messages and calls now I do not join that projects which is asks us to kyc. I'm not saying that all company sell our data to spammers but most of them sell and break our privacy so thats why I will not doing kyc projects.

[milani]

Personally, it only gives me inconvenience, as I am an experienced bounty hunter and for me it is a whole problem. What kind of anonymity of cryptocurrencies can be a speech? If your data will be freely stored in some company
 

But you give your personal data not only for projects with bounty campaigns. But when you register on some exchange or trading platforms, you also give some information about your personality, even in traditional banking instituitions, where your data may be used in not secured manner. And risks are everywhere, in every direction of our life. Of course, it is no good to give the data to everyone, but there is a tendency to have the KYC procedure for lots of projects for the last period of time.

[mr.nby]

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 aka Know Your Customer is one of the revolutions in the world of cryptocurrency and I see this is one of the positive changes to the world of cryptocurrency,

For me, KYC for bounty hunters and especially for airdrop hunters is completely unnecessary. Rewards are not that big to apply such restrictions to the participants. In my opinion, the legitimacy of using KYC makes sense for larger investors.

[Argoo]

Checking KYC is nothing but a headache we can not give. I consider this check against the members of the ICO generosity campaign unequivocally illegal. We are not investors in ICO projects and therefore should not undergo such verification. Therefore, I never join those ICO projects that require such a test, no matter how promising ICO project seemed.

[Panda.Panna]

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 no guarantee that such information will remain confidential, so it is not safe to believe.

[cliffdex]

Let's not focus only on the negative sides of KYC, some countries do not accept or allow ICO participation, so kyc is a medium to identify such countries. its also a way to kip bounty hunters in check. my advice is that we should be careful on bounties so as to choose the right ones.

[goyald2801]

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 needed by most of ICOs because of regulations and AML policies . It is ok to do KYC if you fully trust the project and team behind it , because scammer or suspicious team can sell your data to anyone and it can result in loss to you bcoz of data theft .
Bounties and airdrops should be avoided if they ask this because of low amount of rewards , if reward amount is high and team is legit then you can think on it .

[goyald2801]

Let's not focus only on the negative sides of KYC, some countries do not accept or allow ICO participation, so kyc is a medium to identify such countries. its also a way to kip bounty hunters in check. my advice is that we should be careful on bounties so as to choose the right ones.

While you are right that some countries make it mandatory to do KYC for all ICO participants but it is not mandatory for bounty hunters . I saw many ICOs which ask your KYC but those ICOs allow bounty hunters to join without KYC info because they are not investing in it and getting small amount of tokens as payment .

[uchiikina14]

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 Know your customer. Some of the company requires it to determine if the customer is qualified to have their coin. Some use it for their security and to avoid multiple account in one person. Maybe some others want to use it to equally give chance to others. There are also some others who wants to earn lots of money by using multiple accounts. Some other people used their coins for scam to avoid it they requires KYC, this helps them manage their risks prudently. Also KYC has some advantage and disadvantage for us. The advantage of KYC is you can track your transaction, it will lessen the risk and to avoid scam. The disadvantage of KYC is the investors will be limited, The younger age who want to invest will not be allowed to invest on the crypto. It will be hard for them to invest and earn big in their younger age. 

[Maldini07]

KYC is a very vulnerable private data so we have to be careful when giving our KYC data. make sure we provide our data only to trusted people to be safe from abuse and fraud.
never give our personal data to wrong people and wrong places

[Rustamm]

Check KYC we can not give anything. It only illegally takes away our confidential data in us. It's illegal because the ICO team does not have the right to conduct such a check on the participants in the ICO generosity campaign because they do not invest in ICO projects. While no ICO team has explained to us on what legal basis they require from us our identification data and copies of our documents. Meanwhile, they do not pass any checks themselves, as a rule, and in almost half the cases disappear together with the collected money and our confidential data.

[Malabarka]

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

You have to get used to it. KYC is a common practice. All major projects require the passage of KYC. There's nothing wrong with that.

[ZeusTrade]

look I stopped making these airdrop so airdrop of less than 1 dollar requiring all documentation there not my brother kkkk

[CryptYeah]

Very few projects use the received data honestly, as intended (to increase the effectiveness of advertising). In theory, this check should benefit both sides (screening bots, multi-accounts, ie steaks become larger), but while there is this "but", the system is used mainly for the other ...