What does KYC gives you ?

[zdl666]

Not all ICO and airdrop are real, so take care of your own information and don't fill in KYC at random.

[btcmegastar]

Most of new ICO's are asking for KYC, it's due to legal constraints involved to raise funds as per the origin countries law. I think it's OK to go with the KYC. Some missuses the personal info, we have to be careful about it.

Yes, some companies are miss using our profiles and selling data to other providers. Now, most of the reputable companies who have real developments are asking for KYC because they need to follow law firms in order to raise the money.

[TraiKH]

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 gives you a better support and guarantees the authenticity of your investment in the project. However, applying kyc means more to the project. Because they can diagnose and evaluate customer interest. Therefore, they will have more effective advertising and marketing campaigns.

[letyouearn]

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

on the one hand, it's okay because the company insures itself in this way from unnecessary payments to the same people. But on the other hand, our data can get nowhere and in whose hands. This is frightening, because such data is easily sold on the darknet

[Snyderfx]

i think you can use water mark when you provide kyc details. then they cannot use those document for another thing. it safer than sending original documents .

[twostepsally]

i think you can use water mark when you provide kyc details. then they cannot use those document for another thing. it safer than sending original documents .

KYC is important of the people and useful to some personal using. So don't share the KYC document. It your personal information. So don't share it.  You generally don't want to do KYC for not believe the projects. Only do it if you believe the project actually has potential. Some people try to use your KYC document illegal way. So safe to use. So share the KYC if you trust it.

[mriansa]

I think KYC can is to give your identity to ico founders and to others and in my opinion it is very dangerous because your privacy is known by others and could be your identity is sold therefore KYC actually many bad side rather than the positive side.

[modamo]

The KYC is real problem. I have some doubt about it.  Some people you don't know, can use all innformation about you. ICO is not legal enough to trust it.

[Hypnosis00]

KYC does give you anything, it just help you to pass the requirements of a project or whatever kind of thing you are doing. KYC means Know Your Customer so it helps the owner of the project to filter out and to verify if they are really getting real people as an investor because there is a lot of fake investors.

[creeps]

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 gives you a better support and guarantees the authenticity of your investment in the project. However, applying kyc means more to the project. Because they can diagnose and evaluate customer interest. Therefore, they will have more effective advertising and marketing campaigns.

If the project is really good then submitting your kyc is ok, but if its just on Airdrop, I don't thinks its really required to do so. KYC is very important not just in the project but also to yourself because it can help you to protect your identity. KYC is growing this year, but be careful on giving such information that can be use against to you.

[ToyotaFortuner]

I think personally KYC can give a loss because KYC means you give your identity to ICO founder or given to bounty / airdrop I think it is very harmful because your identity can be used for things that are not good as for example your idnetitas on sale and your privacy uncovered and it would be very dangerous.

[BitindaHouse]

KYC is a very useful thing. Firstly, if your coins are taken away from your personal cabinet, you can always prove that it is not tyu.vo second in such projects at the subconscious level you trust him !!! I am for confirming the identity in the worldwide Internet network !!

[minttop]

The main idea of KYC is to make the cryptoworld more transparent and reliable
Many project give you a chance to join only after you give them the information about yourself
And the information must be truthfull or you will be banned (and sometimes you couldn't join projects that are connected to the project which have banned you)

[CathalG]

It allows me to know that the project DO care about the legality of running an ICO. If the project doesn't have a KYC I would predict it's a scam.

[eekkaa]

in my opinion KYC can be used to provide identity information for investors so that ico founders can know that the investor is from a good and neutral person and not for money laundering or financing for terrorists, it is only for investors from ico only but if for bounty and airdrop you should not give KYC because your identity will be used for criminal acts without you knowing they can do that.

[AgatioX]

KYC is good for projects, so they know who their customers are, whether there are scammers among these clients, etc. But personally I as a participant do not like to go through this procedure. I really do not want to send my personal data, documents are unknown to anyone.

[travelhelperio]

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

Hi
KYC full meaning is that "Know Your Customer" .Every good startup wants to know that the participant joining his ICO where from belongs to.

[stepanLan]

With KYC you must confirm your identity and citizenship.
I went through the KYC once - but they did not ask for photos of my documents.
And I've met very few projects where they ask me to go through the KYC.

[boty]

I think KYC can provide very useful information for some ico founders and exchange places available to make withdrawal of profits, whereas if you give KYC to airdrop or bounty seems not really needed save well your privacy.

[Agamatal123]

Kyc is good for investors and buyer's of the tokens. Kyc stands for know your customers. For protection and safety trading without any problem