KYC in crypto, does it really require?

[Prosperityforall]

It is required, but you can use fake documents,because privacy is more important and actually KYC services don't care checking properly documents, so you can save your privacy!

[1714897774]

1714897774

[bellaayu]

This procedure is actually very good, but we don't know if it's very awake the secrets of our data or not. It was during this into my mind. Some of the projects that I can be of some use KYC for the prize. But I didn't do such a procedure because I am afraid if one day it is misused.

[bitok_1979]

Investors may need KYC, but for hunters, there is no need to request data for tokens, the number of which is meager and their number can not affect anything

[hung690]

Dear friend,
KYC in crypto, does it really require? Yes, I think it is neccessary for us to verify. It make us more safety in the crypto world due to illegal thing in many countries. Another way, it run on high technology background, so hackers and scammers are a lot.

[indobitcoin.tk]

whether the purpose is certainly to what is also a difficult thing to understand. but it is precisely this that many many people avoided because of this KYC risk enough regarding the requirement that must be given. We will never know will serve as what KYC provided and of course will also provide vigilance in this regard.

[alrose]

It seems to me through the verification of the person trying to reduce the risks of fraud. I do not mind such a procedure, but I also want all developers and project team members to go through this procedure first. It will be fair.

[theslasher99]

I think so buddy,.
I also feel very confused about this problem, in my opinion, KYC is not so necessary for bounty hunters as different from those of investors, but it has become a requirement to be able to get a bounty, so we have to do it as a claim sign.

[Hoho29]

Do we really need to submit our personal details to ICOs for buying the token or for participating in it's bounty and airdrop?
I always wonder why do we need to give our vital info to ICOs that most are not even likely to come on in crypto space and crypto is all about decentralization but submitting our info has made it look centralized to me.
There is no regulation in crypto yet so why should we give our details to unknow ico organizers, so claim to prevent some region in participating in the ico because of the country law but those ICOs comes from the same region and country that prevent their own citizen from participating, should we say they are using style to rob us or our details is being used for other purpose .
I think it's high time we all need to stop giving our details to ICOs if really the crypto is all about decentralized and their is no regulation in the world yet to really require such details, I will like to know everyone minds about the submission of our details in term of KYC .

No I will not submit my personal information in term of KYC or other reason not only for ICOs (Because I don't believe in it anymore) , even for some exchanges required KYC . the main reason for cryptocurrency is to accept our privacy for government and hackers .

[mobireal]

Do we really need kyc in cryptocurrency the answer is yes but sometimes you found out that some project only requires kyc for bounty or for airdrop. All the project's have there owns.

[YinShuiSiYuan]

I've heard a lot about KYC being just a way to collect personal information, especially with airdrops

It is not entirely clear to whom and where personal data is sent. Often, KYC is only used to collect data, an example of which is airdrop. This is a very uncomfortable situation when we do not know what the collected data can be used for.

[kapalmabur]

Do we really need to submit our personal details to ICOs for buying the token or for participating in it's bounty and airdrop?
I always wonder why do we need to give our vital info to ICOs that most are not even likely to come on in crypto space and crypto is all about decentralization but submitting our info has made it look centralized to me.
There is no regulation in crypto yet so why should we give our details to unknow ico organizers, so claim to prevent some region in participating in the ico because of the country law but those ICOs comes from the same region and country that prevent their own citizen from participating, should we say they are using style to rob us or our details is being used for other purpose .
I think it's high time we all need to stop giving our details to ICOs if really the crypto is all about decentralized and their is no regulation in the world yet to really require such details, I will like to know everyone minds about the submission of our details in term of KYC .

No I will not submit my personal information in term of KYC or other reason not only for ICOs (Because I don't believe in it anymore) , even for some exchanges required KYC . the main reason for cryptocurrency is to accept our privacy for government and hackers .

maybe you are right, but if later all projects or exchangers ask for KYC how is your attitude? if you still insist that you don't want to surrender KYC, it means that your space will be increasingly limited, you can even be excluded from the crypto world.

[ukw]

Do we really need to submit our personal details to ICOs for buying the token or for participating in it's bounty and airdrop?
I always wonder why do we need to give our vital info to ICOs that most are not even likely to come on in crypto space and crypto is all about decentralization but submitting our info has made it look centralized to me.
There is no regulation in crypto yet so why should we give our details to unknow ico organizers, so claim to prevent some region in participating in the ico because of the country law but those ICOs comes from the same region and country that prevent their own citizen from participating, should we say they are using style to rob us or our details is being used for other purpose .
I think it's high time we all need to stop giving our details to ICOs if really the crypto is all about decentralized and their is no regulation in the world yet to really require such details, I will like to know everyone minds about the submission of our details in term of KYC .

So, there is no good reason to give our personal data to people who do not guarantee what they will do with them. That's why many people started to get away from those projects that require this type of data (KYC). I personally dont like this practice and no matter what the project is I'm just passing it.

[lolxxxx]

I think it is not necessary as we all use the crypto to keep our identity safe so KYC just opposite of it so I really do not like it that much but it has a lot of benefits too so it is upto the DEV whatever he wants.

[Jalum]

Do we really need kyc in cryptocurrency the answer is yes but sometimes you found out that some project only requires kyc for bounty or for airdrop. All the project's have there owns.

It's better to not have that much money inside of coins with KYC requirements because it will not be worth much since it's complicated.

[CryptoTrip]

The policy of some countries is such that this is an obligatory condition and we can't do anything. Another thing is how much it's justified, after talking with other people in chats they say that it's not difficult to buy documents and use it. And of course with such a policy, the issue of anonymity and decentralization loses its essence.

[YUlka_Holod]

Of course you need it. this procedure protects from the use of multi-accounts. this procedure allows you to find out the customer and protect his account

[godspree]

Do we really need to submit our personal details to ICOs for buying the token or for participating in it's bounty and airdrop?
I always wonder why do we need to give our vital info to ICOs that most are not even likely to come on in crypto space and crypto is all about decentralization but submitting our info has made it look centralized to me.
There is no regulation in crypto yet so why should we give our details to unknow ico organizers, so claim to prevent some region in participating in the ico because of the country law but those ICOs comes from the same region and country that prevent their own citizen from participating, should we say they are using style to rob us or our details is being used for other purpose .
I think it's high time we all need to stop giving our details to ICOs if really the crypto is all about decentralized and their is no regulation in the world yet to really require such details, I will like to know everyone minds about the submission of our details in term of KYC .

I absolutely agree with your opinion! The main idea of cryptocurrency is anonymity and freedom because of decentralization. Giving your personal information to ICO organizers is completely against those ideas.

[BluRPie]

I don't know any exact legal requirements for KYC in crypto. Looks like ICOs try to be compliant to undefined requirements. It could be logical to execute KYC procedure for investors, but not for bounty hunters.

[Zythiphill]

I fully agree, I think that all cryptocurrency should be decentralized ! this I think will help very many people

[loskme]

It's true that if you buy some product in the store, you don't have to prove yourself with the ID card, but it depends if it's against the law to hold tokens during the ICO, because where is crypto banned, you can't invest in crypto. So it's all about breaking the law, if it's legal or not, according to this should be KYC everywhere or doesn't have to be.