What does KYC gives you ?

[Crypto_lion]

People need to remember that they are giving away their documents to a stranger in the internet by KYC. DONT give kyc for petty Airdrop or if the project is shitty.

[ivanst776]

It gives me danger for my identity to be expose in public or to be use in other purposes.
Nothing as follow but the risk on my side. KYC are meant for the ICO team to be an advantage on their side and not for bounty participants nor investors.

[KuyaBreezy]

We can give more security, knowing that other fellow investors are legitimate people, or at least took the trouble to use credentials, that adds a little legitimacy to the projects, but does not guarantee anything, just the same is a waste of time using KYC in airdrops, not even worth it.

[isen]

If I decide to invest in ICO, then I understand that KYC is a mandatory procedure and I am ready to put up with it, but I do not see any point in going through KYC in the role of a bounty hunter, it always looks suspicious.

[arkawa040]

Now I do not join the projects that require KYC, since I will not be guaranteed by anyone who protects my personal data.

I agree with you that it is very unsafe, and it is better to refrain from it, but what if the project is really worth it??? or do you participate in the project for a few months and then at the end before the distribution create an update to pass KYC, you just give up the coins that you honestly earned???

[Alisha FR]

I see KYC has many uses, especially so that users and developers get to know each other, the meaning of KYC is to verify that investors or users of these tokens are not spammers. Another reason I think is only as a legality in carrying out a project.

[Genemind]

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 ok if it is done because of regulatory purposes. Some countries are not allowed to join any bounties or ICO, if ever they are not allowed and they were able to contribute or be part of any ICO, the ICO will face a huge problem. That's why it is important. However, sometimes KYC is used as a delaying tactics, especially if it is announced at the later part of the bounty.

[Anna Borisovna]

if the project seems reliable to you, then you should not be afraid of the KYC procedure, but if you are alerted by something, then pass by the project
I think it’s right that the developers are warned about the necessity of going through the KYC right away and not after a long participation in the project.

[EducoinVietnam]

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

At the moment-it's a headache for the safety of their data and their protection. Now there are no companies, or I personally do not know them, which would be engaged in the preservation of data provided for the passage of KYC.

[Siegtal81]

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

For bounty hunters KYC is a chance to make more money on this project, as people with a large number of accounts will not be able to go into one project and pick up most of the awards, which should be equally shared.

[terible.hunter]

It is better you to keep your personal data than to give it out for some shit coins. Most of the airdrops that request for personal information from participants even end up not listed on exchanges.

It is these projects that ultimately sell your data, of course they can send you shitcoins, but then they really won't go out and you just lose another great chance for a successful life. Be careful.

[temilade200]

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 us no thing wrong with kyc, except if a scam project is the one requesting for kyc from you, which you need to be very careful of. As a matter of fact, you should not give your personal information out to any project team you do not trust.
Nonetheless, there are some genuine projects that ask for kyc and your info can be very safe with them.

[AgatioX]

KYC is a procedure for verifying your customers. For you, it will not be useful, on the contrary, you risk, sending your documents is not clear where.

[martina14]

1. KYC or must be tell you KNOW YOUR CUSTUMER!!!
is this will help you to get yout token? nor help you boost the price in the market?

there is no 2 if you are waiting for that!

2 is, it is not on our side, it is on the ICO team on themselves to be protected for those who wants to enter but in the restricted area!

[Troy-Crypto]

I look at it as a precaution measure. Investing in shady project will give you nothing, no matter if there is a KYC involved or not. Shady project will rip you off even without the KYC. On the other hand, it seems completely legit to me for you to have some kind of portfolio with your documents to confirm your identity and for the other party to know with whom are they doing business with. It is a contract, security contract, that's the way how am I looking at it.

[bhabygrim]

I don't really think that it is safe to do a KYC in bounties or airdrop even in ICO,
First of all we don't know anything about their team yeah we could see their name and their info but are you sure that it is their true name or identity?

[AndRE177]

KYC can help in bounty campaigns - it significantly reduces the number of participants with multi-accounts. This makes it possible to earn much more for honest bounty hunters.

[yaamite]

I sent my data to projects that required KYC, until there were no consequences. There is no guarantee that the project is successful due to KYC either.

[Nolimitz84]

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

If in airdrop or bounty you need to pass kyc it is a very bad decision if you agree to go through this procedure.kyc is created for investors to find out whether the money invested in the project is fraudulent or stolen.All participants in the bounty are not in fact fraudsters. Therefore, there is no need to go through this procedure.Anyone who asks you to provide your documents is likely to use them not by purpose.So before you do something you need to think.

[TIDOVEE]

To me, KYC Is ”Know Your Client"
A means of authenticating the registered members of cryptocurrency. Well to those admin it helps to sort scams from loyal users of bitcoin.
And I dont really like the KYC thing because I don't have the necessary criteria need to be qualified for the projects that requests for it.