What does KYC gives you ?

[Hudora]

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

When I was young and naive I believed that most of my invested money will turn in worthy tokens in future, I performed almost every KYC I could come across. Right now I ignore all the projects with KYC because I can see no purpose in them: cryptocurrencies are not regulatet.

[Siren]

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

This has nothing good to brings us,but only to favor the company assuring our legitimacy and besides this will only make us vulnerable to hacking,scamming or other misleading issues because the team will learn about our personalities and profiles,this can be use against us if the people who handles this has a negative motive in asking about KYC .so beware of this

[Moxivuki]

Most KYC projects still don't give us any rewards, so now I prefer to participate in the KYC project that has already entered the exchange, instead of participating in the ICO phase of the KYC project!

[hellyeahent]

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

Now KYC brings me nothing but disappointment. Often I do not pass it, although I am sure that I did everything right. I hope that in the end this useless procedure will be canceled

[nonbody]

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

Some countries now ban ICO projects, and the purpose of KYC is to exclude investors from these countries.

[r_delossa]

For example, if one member is using multi accounts to collect the most possible amount of tokens from each campaign. It is not allowed and to protect other bounty members, the team decides to undergo the KYC process.

[Coltpython]

KYC requires you to submit your personal data which many find unwise as it exposes it to the internet where it can get stolen and misused by unscrupulous individuals

[kjn311]

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 a procedure that I don't want to go through ever. I try to think about the fact that if KYC is not introduced, and the rate would not fall so much. There's definitely a connection.

[terible.hunter]

I don't trust campaign that requires KYC because it will gather your personal data and you are not 100% sure that your information will not leak.

That's exactly what I'm talking about. I also do not trust projects that today collect a lot of data about investors. It seems to me that it is better to try to probably invest in private projects, so I try to look for such projects.

[Maamejane]

If i'm answering you directly i will say KYC gives you the token you looking for. Its not that safe since you given out you identity details to an unknown person out there. You ask yourself what will they use those details for but sometimes you just have to comply with it and go your way.

[Invigorated]

KYC Documents submission depends on the bounty/airdrop. This has recently become a requirement by most top projects. It wasn't like this when it started hence the decentralized nature of the crypto technology however, with recent compliance measures, projects have been forced to ensure Know Your Customer or KYC verification. There are risks associated with this. I read somewhere on this forum about people's KYC documents being sold online by some of these projects which could most possibly result in identity theft. One has to be very careful where and how your sensitive documents are submitted. You must be sure these projects are genuine and completely verifiable offline.

[Cyptobonds1]

And if they request early before joining any of the bounty or airdrop how good might it be but the worst part is that most of them requested the kyc late periods of the project not knowing who really has the requires details but used them as source of free advert.

[Isiaka208]

KYC doesnt gurantee the success of a project. In the past it was more of a sure deal if a project is requesting for KYC, but these days it doesnt come with any kind of feeling.

[lovesybitz]

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

Most often even I don't like to do it but it required us sometimes in the bounty for us to be paid to our task to their project. Because if we didn't submit we will not be compensate to our hard work in promoting during the time campaign that it was running. But as much as the bounty has no kyc I will not submit it.

[Kamidzy7]

On Sammo case of hemorrhoids,and loss of tokens,then profit!How many tokens I have not received because of the KYC, where I overlooked, where the managers cheated, different situations,but the fact is that thanks to the KYC, you can spend time on work and reports,and then just miss what it took to provide your data for verification,and you're in flight

[kkrainij]

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

Most often even I don't like to do it but it required us sometimes in the bounty for us to be paid to our task to their project. Because if we didn't submit we will not be compensate to our hard work in promoting during the time campaign that it was running. But as much as the bounty has no kyc I will not submit it.

I also did kyc in 2 bounty campaigns to get tokens. I do not mind Kyc, but I still do not understand why bounty hunters pass KYC.

[turkmachiavelli]

Actually KYC is not bad things for security things but a lot of manager from bounties use it for own interest like not give rewards to participants who deserve. Also it provides that you can just use one account in a bounty.

[elcoblast]

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

as you know, many bounty/airdrop hunter are cheating that's why in bounty/airdrop campaign using KYC for verifying user because there is no cheating in their campaign, but this is risk for sending our indentity

[terible.hunter]

KYC is never bad process if you are in good project. If you ever got scammed by KYC, they will sell your information even could get more bad happens

Therefore, to many states that today have integrated all the same processes for investors, I think that it would be best of all to get them big data centers. Surely, you can only say that now is a fascinating time.

[gunhell16]

NOTHING! just giving away the information we have like identification and addresses.
KYC is not healthy for investors or bounty participants.
It is only good for the ICO team and they are the one to have our informations.