KYC public service announcement.

[poodle63]

I too kinda skeptical about giving away my personal data especially when it's can be generally used for verifying like its giving people the privelege to impersonate us but if the company is about to be trusted and they are compliant to the country's regulation
thats somehow a different case, but, it's kinda hard to figure out which is really using our data for the sake of kyc or aml verifying only or being used for other purpose.
maybe a service that provide protection to any people who are giivng away their personal data for kyc need to be deployed.

[1715394697]

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[1715394697]

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[Emence]

You are right, the crypto decentralization here represents the fact that it is against the principle. Crypto can never be controlled by anyone. Crypto is made with advanced blockchain technology. Which is very secure and potential.

[zinson01]

KYC is verifying our physical document for the validity. While giving our document we need to be careful, so there will be helpful for us.

[German Klimenko]

Nobody can guarantee that documents send for KYC is real. So it is useless for tax purposes. Moreover you can use BTC mixer to avoid track of your transactions. I think that governments still not very interesting to control cryptocurrency, they able to gain profits by more simple ways.

[Impros88]

I hate when the bounties are saying about kyc procedure mandatory in the few last days before the Bounty ends, this is very unpolite to your customers and bounty participants, do not do that please.

[bitcoinminer566]

Basically as far I know that is it is advised people that any source of information should not be provided to KYC until it is getting clearance so avoid such types of things.

[wakier]

About KYC system at some program..we will get problem or not with our data when we send to some developer project.any risk about our data if they use it for something? Often i have afraid when i must send KYC data on some program

[eye-con]

I have seen quite a few topics arise over the last few days regarding KYC.

Do not give your KYC information to anyone over the internet.  Period.  Think about this for a second.  Your sending your personal documents (which contain everything needed to assume your identity) over the internet. The ways your information can be grabbed once you have used the send button are numerous.   Once the criminal has gotten your personal data they can make illegal transaction under your name, leave your documents by the scene of a crime and even set you up to take the fall for a terrorist attack (by leaving your information).  There are numerous articles on this forum speaking about stolen identities from the KYC procedure. 

Any project and project team with any value at all will recognize that its not appropriate to ask individuals to take these security risks to gain access to their ICO or bounty/airdrop program.  The projects should realize that crypto is about decentralization any privacy.  If a project is asking you to break these rules look elsewhere. 

There are not many things in this world more important than your personal documents and privacy.  Do not make a foolish mistake and send your documents in.  If you do your running a huge risk and more often than not the project you sent the information in to will be a scam or failure.  Then what?

Finally, once the governments of the world can connect you with your blockchain address you are now a complete tax slave as they will be able to see every transaction you make.  Even the .005 Bitcoin you slide to the homeless guy.  It's now a traceable and taxable event. 

Stay safe everyone. 

kyc process as of today are becoming more dangerous than it was before, Its really hard to trust even if it is required in a certain project to receive your bounty reward, but you must think twice before submitting.

[jamesbondbd007]

Yes it is better to avoid this because it is advised to the people that do not give any personal information to KYC so we should avoid this thing.

[painkiller321]

Based on this market there are many newses are coming also it is true that you should not give any personal information to KYC it may cause of risk so I think avoid giving such types of information’s is better.

[Billgates710]

Yes, it is advised to the people that no matter what, under any circumstances, they are not supposed to give out any sort of personal information to KYC. There could be malicious reasons behind it. Until it gets cleared up, it is better to avoid it.

[jackpot888]

Doesn't matter what the circumstance is, it is always said that not to give out any sort of personal information to KYC. If needed, avoid it.

[taktik]

Doesn't matter what the circumstance is, it is always said that not to give out any sort of personal information to KYC. If needed, avoid it.

in any case, as if my mother were indignant and press to provide their passport data, activities with a crypto currency will force us to do It regardless of our desires.

[SoftHkA]

The same people who have no problem giving KYC to any ICO or suspicious project, are the same ones who use Facebook with a public profile and give all their information out there, and for those people privacy is irrelevant so don't lose your breath, anyone who values their privacy or their identity doesn't even use the same username in different forums, since it's very easy to link someone's identity by details in the messages, you have to be very careful with the information we release on the internet, guys.

[therhslv]

yeah, i agree with you. but now day even airdrops need your identical information, why do they need it for?
I understand the reason behind ICO need your identical information, but why even airdrop too?

They need it because regulations require it . Ofcourse it depends from Country , but nowadays in ICO's alot of them require KYC to participate . Ofcourse you can wait after ICO ends and buy tokens on decentralized exchange , if you dont wanna risk your identity stolen . Most ICO's usually drop in price twice/triple after exchange launch lol . So if somebody wanna participate in ICO , better don't and wait for exchange

[Zadicar]

I have seen quite a few topics arise over the last few days regarding KYC.

Do not give your KYC information to anyone over the internet.  Period.  Think about this for a second.  Your sending your personal documents (which contain everything needed to assume your identity) over the internet. The ways your information can be grabbed once you have used the send button are numerous.   Once the criminal has gotten your personal data they can make illegal transaction under your name, leave your documents by the scene of a crime and even set you up to take the fall for a terrorist attack (by leaving your information).  There are numerous articles on this forum speaking about stolen identities from the KYC procedure. 

Any project and project team with any value at all will recognize that its not appropriate to ask individuals to take these security risks to gain access to their ICO or bounty/airdrop program.  The projects should realize that crypto is about decentralization any privacy.  If a project is asking you to break these rules look elsewhere. 

There are not many things in this world more important than your personal documents and privacy.  Do not make a foolish mistake and send your documents in.  If you do your running a huge risk and more often than not the project you sent the information in to will be a scam or failure.  Then what?

Finally, once the governments of the world can connect you with your blockchain address you are now a complete tax slave as they will be able to see every transaction you make.  Even the .005 Bitcoin you slide to the homeless guy.  It's now a traceable and taxable event. 

Stay safe everyone. 

kyc process as of today are becoming more dangerous than it was before, Its really hard to trust even if it is required in a certain project to receive your bounty reward, but you must think twice before submitting.

Yes, it becomes more dangerous as of today where scam projects becomes more and more rampant on the entire market but as a participant or even as an investor you do know on what decisions you would possibly made on these kind of situations. If you do choose up to risk out your info because you trust the project then you should know the potential risk of the informations you had given.

[LesterD]

I have seen quite a few topics arise over the last few days regarding KYC.

Do not give your KYC information to anyone over the internet.  Period.  Think about this for a second.  Your sending your personal documents (which contain everything needed to assume your identity) over the internet. The ways your information can be grabbed once you have used the send button are numerous.   Once the criminal has gotten your personal data they can make illegal transaction under your name, leave your documents by the scene of a crime and even set you up to take the fall for a terrorist attack (by leaving your information).  There are numerous articles on this forum speaking about stolen identities from the KYC procedure. 

Any project and project team with any value at all will recognize that its not appropriate to ask individuals to take these security risks to gain access to their ICO or bounty/airdrop program.  The projects should realize that crypto is about decentralization any privacy.  If a project is asking you to break these rules look elsewhere. 

There are not many things in this world more important than your personal documents and privacy.  Do not make a foolish mistake and send your documents in.  If you do your running a huge risk and more often than not the project you sent the information in to will be a scam or failure.  Then what?

Finally, once the governments of the world can connect you with your blockchain address you are now a complete tax slave as they will be able to see every transaction you make.  Even the .005 Bitcoin you slide to the homeless guy.  It's now a traceable and taxable event. 

Stay safe everyone. 

kyc process as of today are becoming more dangerous than it was before, Its really hard to trust even if it is required in a certain project to receive your bounty reward, but you must think twice before submitting.

Yes, it becomes more dangerous as of today where scam projects becomes more and more rampant on the entire market but as a participant or even as an investor you do know on what decisions you would possibly made on these kind of situations. If you do choose up to risk out your info because you trust the project then you should know the potential risk of the informations you had given.

indeed, as an investor, you probably know the risk of submitting your personal information, that's why we should investigate more about the project before we spend our time for that, and also about the kyc, it is an important papers of an individual, that's why you should take care of that on how you take care of your investment.

[StarKay]

KYC is here to stay, almost all reliable exchanges require it; it is a requirement in most ICOs and so it is sadly unavoidable.
We should however be careful about the nature of documents we give out and also who is asking for it.
Any airdrop that request for KYC is a big no for me.

[Alex Bogo]

Certainly transfer of screens of private papers to the third parties is very risky. Transfer of any confidential information on the Internet rather dangerous occupation. Any hacker can steal your data and use them in the bad purposes. But on the other hand, now many bounty company enter procedure KYC with a formulation "you want to receive your reward, then pass ". And perhaps soon the majority of a baunta of the companies will enter this procedure.
However what then to do if not to pass кик if there is no other way to receive the earned tokens.

[blackrain321]

Exactly what I was thinking. Almost all the ICOs nowadays asks for KYC informations while the bounty hunters are trying to join their campaigns and airdrops. Though we give out these sensitive information falling for the greed of earning few tokens but we need to realize that the cost of someone misusing these information can be more dangerous in the long run.