Video call for KYC verification

[Argoo]

You forget that KYC is provided by the legislation in many countries in order to regulate investors. And it follows that if the video call is allowed for the procedure of user identification by law, then it is possible. But I agree that it would simplify the procedure and the time required to check the documents.

If you think that the KYC check, and even more so the video call during such a check, is stipulated by the legislation of many countries, call these countries and the names of these laws. Many people write about it, but no one ever says anything concrete. If this were, then someone has already written about it. I am primarily interested in the legality of the requirements for KYC verification by participants in ICO bounty campaigns. I believe that such a requirement is illegal. If there is a similar law, name it.

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[Sonik33]

I consider that the video call for KYC verification is less effective because it makes the KYC approval process long. Even though many will become partners for a project that uses KYC so that it is less effective and time-efficient too. I agree more if KYC is used using documents only so that the verification process can be carried out as soon as possible. If you use a video call, you also need the same time for both parties to verify.

[Ressurection]

This form of KYC is also quite solid looking at the fact that you would be having a real live video with the bounty participant. Aside the fact that it would consme unecessary amount of time i think it's good because many people do invade the rules against cheating as they are able to submit details of other people's documents.

[Brainnin]

I don't even believe in kyc, so introducing kyc requiring video verification is indeed not a good idea, hunters will have a lot of issues with video kyc

[Twinkledoe]

KYC is basically to gather information about a customer and find means of verifying those information gathered. Doing ordinary Skype video can not be a better way for KYC because there wouldn't be information that is going to be verified.

It will only verify the existence of that person. Because the documents, someone can falsify it but the actual existence of that person would be hard to fake by video call. But such step is not a sustainable one in the long run. Maybe, if that exchange has further doubts with the submitted documents, they can proceed with this step.

[mersal]

Video call for kyc verification?? Is it possible? Do you think it is the best way , rather than uploading your documents for kyc verification process? Most bounty campaigns and ICOs nowadays required a kyc.

If video call for Kyc verification is possible, what is the best and secure app to you use for video call

if it possible it will be more really the secured way to make the verification more stronger to trust a person who is really perfect in his own identity and there is no other documents needed for that.

[Redemption59]

Nothing is impossible under the sun, so far as we can think about that, we can achieve it but this is really time consuming and requires some substantial amount of money to verify all bounty hunters plus investors as well, I don't think any team or bounty manager is ready for this tiresome work.

[Blamsud]

KYC is basically to gather information about a customer and find means of verifying those information gathered. Doing ordinary Skype video can not be a better way for KYC because there wouldn't be information that is going to be verified.

It will only verify the existence of that person. Because the documents, someone can falsify it but the actual existence of that person would be hard to fake by video call. But such step is not a sustainable one in the long run. Maybe, if that exchange has further doubts with the submitted documents, they can proceed with this step.

It's a dual identity check, maybe it will just changed the holding of ID thru pictures, into sending first your ID and doing Skype later. To rally know its you. It's better that to send holding ID and sending proof of residency.

[Wintersoldier]

Video call for kyc verification?? Is it possible? Do you think it is the best way , rather than uploading your documents for kyc verification process? Most bounty campaigns and ICOs nowadays required a kyc.

If video call for Kyc verification is possible, what is the best and secure app to you use for video call

It cannot be impossible done actually. There are exchange that already implements this kind of verification process. But not actually a video call, they are using a live phone camera test in order to see the real person behind an account. It is quite better but I think using video is not that effective.

[FastSlots]

Video call for kyc verification?? Is it possible? Do you think it is the best way , rather than uploading your documents for kyc verification process? Most bounty campaigns and ICOs nowadays required a kyc.

If video call for Kyc verification is possible, what is the best and secure app to you use for video call

I think it's too hard for bounty hunters. KYC with ID cards, ATM cards, text .... is more than enough. They are just employees, salaried. They are not investors and KYC by video is too much and not really necessary. Not everyone can use English well.

[ryan992]

I think its not best solution for KYC verification, its took to much time just to verification, the company and the client must spare their time just to do verification, I just don't want to do it only for verification

[Ochakemaput]

I think its not best solution for KYC verification, its took to much time just to verification, the company and the client must spare their time just to do verification, I just don't want to do it only for verification

sometimes that is also needed. if you are a trader, you might understand how you are really required to do KYC on every exchange you use. after all not all exchanges request KYC with videocall. You can choose your interests to trade.

[BlackFor3st]

I am not sure if it is worthy as it will really take time to do the KYC if it will be provided via video call. But if the team behind the project has the resources to do this kind of KYC in a short period of time then I guess it is a very good idea though.

But I am wondering if there are like 15k participants that need to proceed with KYC. It will surely take time before the KYC will be finish as they need also to assign what time they are going to do the video call as not all the participants are free anytime. In terms of apps, there are plenty of apps that we can rely on like skype and etc.

[lovesybitz]

Video call for kyc verification?? Is it possible? Do you think it is the best way , rather than uploading your documents for kyc verification process? Most bounty campaigns and ICOs nowadays required a kyc.

If video call for Kyc verification is possible, what is the best and secure app to you use for video call

Yes it is very possible to other campaign project. But majority of them are not implementing this system. Maybe this depend on the Bounty Manager who manage the campaign, But as far as I know KYC most of the time are only required to their investors not to their bounty participants, this is the reason why most of the bounty hunters are not in favor in this concepts. But if they hate it, just simply don't apply and ignore only.

[Astvile]

This will work but this type of KYC will take alot of time and resources(man power).Icos will be needing a huge team for this type of verification in order to accomodate their customers which surely be more than a 100 in a moment specialy if they are a big and hyped project.This type of KYC will be more secure for users because the company cant keep your records with them

[Marry Finch]

KYC has never made a video call and I am not going to make it. KYC testing is generally illegal for participants in an ICO bounty campaign. I do not think that many bounty hunters would agree to undergo a KYC test with a video call. These are additional difficulties and additional problems. Therefore, if a campaign wants to demand a KYC verification with a video call, I do not think that many headhunters will join such an ICO project. Therefore, it is unlikely that such a campaign ICO fundraising will be a success.

[Pffrt]

If you have no problem with submitting your documents, then you would not have problem with a video call verification. It prevents the fake KYC submission as well as fraud submission.

[veraro]

Video call for KYC verification looks too much, but i can understand why exchanges and projects want it sometimes. We all know there are a lot of people create a lot of multi accounts to increase their profits. There is not enough to download your id any more. Because you can download someone else id, and exchanges want be sure you is really your and have only one account.

[mrdeposit]

This will work but this type of KYC will take alot of time and resources(man power).Icos will be needing a huge team for this type of verification in order to accomodate their customers which surely be more than a 100 in a moment specialy if they are a big and hyped project.This type of KYC will be more secure for users because the company cant keep your records with them

I have heard that exchanges have taken such steps because of the inadequacy of the documentation.
Personally, I have never experienced that. But it should be annoying.

[Vishnu.Reang]

Video call for KYC verification looks too much, but i can understand why exchanges and projects want it sometimes. We all know there are a lot of people create a lot of multi accounts to increase their profits. There is not enough to download your id any more. Because you can download someone else id, and exchanges want be sure you is really your and have only one account.

Even if the video call is used, how can the exchange staff be sure that the user is not doing the KYC more than once? If you get a good makeup artist, it is possible to change your appearance and the staff would not be able to detect the fraud. I would still stick to the old method for KYC, that is uploading the identity documents and verifying them. But in this case, the risk is for the customers and not for the exchange staff. There is always a risk that the documents can be stolen from the exchange.