KYC, during or post ICO?

[onebtcforlife]

If you show any interest towards the projects for investment then definitely we have to send the document for KYC verification otherwise, we cannot able to purchase those coins. We have to check with the company whether the company has the ability to secure our data in the long term, if they are safe means then we can start uploading them without any hesitation.

[IamCryptoLover]

What is the  pros and cons of doing the KYC during the ICO or post the ICO?

I've participated in many ICOs, some of the force you to do the KYC before you can buy their tokens, others they wait and later send you a KYC email/request. so i am wondering what are the pros and cons of each approach

 

No problem if some ICO make you to fill KYC. Its just step. You just fill, but no fill everything. I mean dont fill something about your privacy

[Obligations123]

kyc suppose to introduce before the commencement of a project not in the middle or at the end of a campaign

[prettymargaux]

KYC, short for Know your Customer, is what businesses need to do in order to verify the identify of their clients. Usually, it is required by financial institutions like banks, credit companies and insurance agencies of their customer to ensure that the latter is not involved in any financial crime. But I would rather that ICO companies require this BEFORE, not during or after ICO to avoid troubles on the part of the investors. Com'on! Investors threw their hard-earned money into the ICO, then for the reason of not passing the KYC procedure, they simply can't get the tokens which they purchased. Isn't it fraud? Then why not conduct the KYC before doing any business with them? If they fail, then at least, the company doesn't owe them anything. Yeah! Companies do refund, but the effort, the time and the expectation that they're getting the token they want, then all of a sudden, they couldn't. Isn't it annoying?

[Metamorps]

I prefer ICO who asked KYC at the beginning, because if KYC followed for a while or waited until the distribution of tokens, sometimes my KYC was rejected for various reasons, and this was very detrimental to me

[adzino]

Doing KYC is just like giving out your information to a random person and also letting the government know that you are holding something and at what amount. The government has become strict and according to the regulations imposed by them, most of the ICOs now will need their investors to fill the KYC forum. If it is a legitimate ICO there is little to no danger at all (unless you get paranoid about giving out your information), but if it is a scam ICO, you better be prepared to face the worst. Those scammy ICO might end up selling your ID and you might become a victim of identity theft.

[Hamphser]

What is the  pros and cons of doing the KYC during the ICO or post the ICO?

I've participated in many ICOs, some of the force you to do the KYC before you can buy their tokens, others they wait and later send you a KYC email/request. so i am wondering what are the pros and cons of each approach

 

There are no pros and cons about KYC when it is required by ICO. It is officialy required by the government and ICOs need to be legit. Because if you would like to create a big project witg a big solution, then you do not want to risk any problems with governments. You know?

You are just talking on the one side of the story and not all projects that do require KYC is already regulated or required by the government and some of them are just totally accumulating documentations into its possible investors. This is why its always been good to check even more about legitimacy of the team if they are legit enough or just an another common scammy project.
KYC should be announced in the start of the ICO so all would be aware.

[hh4mmm]

What is the  pros and cons of doing the KYC during the ICO or post the ICO?

I've participated in many ICOs, some of the force you to do the KYC before you can buy their tokens, others they wait and later send you a KYC email/request. so i am wondering what are the pros and cons of each approach
 

depends on the project, some project are not worth to be trusted in releasing your personal details because to any project that will request my details is not  a good project. why do they need your document or ID or is your details more relevant to them or what. i do select some project that doesn't required any KYC.

[bheem0]

KYC or Know Your Customer is one of the good way to identify if some ICO are legit. Passing in KYC is also depends on yourself if you you are already trusting the ICo or do you believe in the potentials of the project you can do KYC without doubting. Because KYC is for  unti laundering activities that's why it is legal methods of entering you details in their projects.

[osbal]

for various reasons and the most important protect your money, it is better to pass the KYC before, but only if the ICO and its representatives are reliable because it can be a network of scammers, do not upload your personal documents to any ICO, find out first, inform yourself and make sure of what you do, cold mind on that.

[jason6413]

KYC is very important in ico if you understand the project accept the ico otherwise reject it

[MRlong]

In my opinion, KYC is necessary for investors because the number of open Token accounts for more than 60% of the total token supply. Token for bounty only accounts for less than 5%, so KYC is not necessary. Therefore, only KYC with investors, bounty, and airdrop members are not needed KYC to get Token.

[asyakashi]

KYC is very important in ico if you understand the project accept the ico otherwise reject it

yes ... it might have been easy, and not now.
all participants must now make a report then after the token is distributed the token takes a long time to be registered in the market.
I think it's not easy to bounty hunters.

[imsotiredofmoviereboots]

What is the  pros and cons of doing the KYC during the ICO or post the ICO?

I've participated in many ICOs, some of the force you to do the KYC before you can buy their tokens, others they wait and later send you a KYC email/request. so i am wondering what are the pros and cons of each approach

 

The project is much more credible id the ICO project implemented the KYC right from the start. It just looks shady if they did it after because if their reasons is that they need to comply the rules then it just proves that they are bunch of inexperienced team that tells that the project they are running is destined to fail.

[nwaafor]

For me I don't see any Pros in giving KYC informations, while there's a lot of Cons in giving that sensitive information. The thing is those information can be used in illegal activities, keeping that sensitive information is hard and scamming can easily be done using your own information with them. There's a new innovative way on dealing KYC right now, I know some platform that will handle KYC applications to any ICO you'll join in an encrypted form. One of them is menlo.one and civic.

Nice suggestion.It makes sense to use such services/platforms.

[faza13]

What is the  pros and cons of doing the KYC during the ICO or post the ICO?

I've participated in many ICOs, some of the force you to do the KYC before you can buy their tokens, others they wait and later send you a KYC email/request. so i am wondering what are the pros and cons of each approach

 

if I think it's a bit risky for KYC with an identity card, this is because our personal data could be used to commit a crime or other misuse

[Ondisbelle]

indeed it is very risky to provide KYC containing our personal data. bus so our data is used as a cover and a tool to take criminal action. but it all depends on how you trust the ICO you are joining, how legitimate the ICO is. if you really believe that the ICO is legit, then it's safe to hand over the KYC

[alrose]

I think it's better to go straight to KYC. So then you do not get unpleasant situations when you either missed the time for verification or can not pass it at all and because of this you can not get your tokens.

[Cliarbikr]

I'm generally against KYC. I do not want to send my documents to unverified personalities. I'm not sure that they can keep them safe

[yecats]

At  the  very  beginning  they should  announce it  so  that  we  can  decide if we want to continue  joining  the project because many   do not agree  with the  kyc  policy. As of now I  don't  really  trust  kyc  giving some personal info.