KYC in crypto, does it really require?

[Foress]

No not really.There are ICOs that do not require such information. If you do see one that asks for KYC, then just avoid it. There is no need to take any risks.

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[Hoeyreto]

I think No because most of the ICO’s doesn’t require such types of things so if you like to invest in KYC you need to think before invest because sometimes it may cause of loss.

[gunhell16]

KYC or better to be said KNOW YOUR CUSTOMER...
This is nothing to do with ICO sales, but this is a big thing if the project has a restricted country.
But i dont think KYC is a big impact as investors can send fake identities.

[BogdanGFTP]

It is not a question about centralization or decentralization. It is a question about money-laundering and other illegal operations. If token will be circulated in real world and could be exchanged to fiat it can be a good instrument for illegal money operations and executives should require an information about participants of this market.

[MisterLangley]

what I feared when the ICO asked every participant to submit KYC was an identity misuse. but positively what I can learn behind KYC's request is the seriousness of participants in participating and participating in the ICO.

[waorana]

I am against KYC for bounty hunters. According to some, this is required to avoid multiple account frauds, but there is no regulation that bounty hunters should send their personal documents. It is not a good thing to send your personal data to strangers so I hope that they are less and less the blockchain platforms that ask the KYC for bounty hunters

[usantosdavis425]

KYC's projects are taking place more and more. Perhaps the pull from the airdrop is sharply reduced, as the bonus coin is too low, while the ref policy still exists. This is depressing psychology from the members. Surely they have to think of ways to cheat to have more coin bonus

[Newboybb]

I think KYC is really needed.
Since so many people are using multiple accounts to participate, KYC can avoid this problem.

[Praesidium]

KYC is required if you are a buyer or investor to a certain coin. because some country requires it for regulation. However if we talk about bounty and still they require KYC then it is out of the question. However they only do that to filter out those who are cheating with multi account.

[davida]

In cryptocurrency, I do not think it is really necessary to give all your personal details before you can invest in any project because you are not sure of how potential the project will be and if it will be successful. But now, I think most project require this kyc and I believe in future it will also help to reduce the rate of scam in crypto.

[fulmetal08larz]

I think KYC is being required to avoid abuses such as multiple accounts, fake identity, criminal activities, money laundering, etc. However, only give personal details to those who are trusted and it is not easy to trust anyone in this generation. There should be an option to hide important details in KYC such as date of birth, Social Security, etc.

[HeartDesire888]

As I am concerned not every KYC ICO project requires KYC but yes there are many who require detailed information where every crypto user should be cautious as there is high possibilities of scams.

[SoliDCoiNs777]

Without using KYC you still can have projects to invest as there are lot of ICO projects are available that does not need ICO. All your information related identity or transaction is so very sensitive so stay conscious.

[Argoo]

For participants in the ICO generosity campaign, it is not necessary to pass a KYC check. The requirement to undergo such verification is illegal from the ICO teams. No state requires ICO teams to require the passage of a KYC check from the members of the ICO generosity campaign. This check should only be carried out by investors as individuals investing their funds in these projects.

[amobi]

I think they are just trying to play their own part in avoiding people from the countries that prohibits crypto currencies from participating

[sergienkoe]

I also think that bounty hunters do not need to pass KYC procedure. We do not invest money and we do not need to report.
KYC for bounty hunters is a way to not pay part of the participants their legal reward. Unfortunately there are companies that require the passage of the KYC at the end of the bounty compaign. They leave a miserable impression of themselves. Such projects will not have a future.

[btcmaster999]

I would suggest you to learn more about any project of ICO before you have decided to jump in. Do analysis everything that is needed. Many Kyc are there who aims to steal information about participants. Do avoid frauds.

[bitcoinhero777]

"Basically KYC is used to control money laundering and other fraud related users to
be investors.I think having kyc for ico is extra benefit for me because it can help to
avoid scam."

[coinpedia240]

"at this time KYC are required in ICOs but most of the time the KYC projects want your
personal data. I think they can misuse it."

[Kasabus]

"Basically KYC is used to control money laundering and other fraud related users to
be investors.I think having kyc for ico is extra benefit for me because it can help to
avoid scam."

It happens that a lot of fakes investors came out pretending and claiming others identy and tried to changed their wallet into new address. To stop this fraud actions,  KYC  is being impose so only the legit one will received and no other person could take the chance to get it.