Why Bounty Hunters Hate KYC !!!

[yslyv]

i personally hate kyc generally both when i invest to an ico and when i join a bounty campaign. crypto market is a decentralized and anonymous market. Why would i share my personal information there?

[1713239475]

1713239475

[1713239475]

1713239475

[1713239475]

1713239475

[hridoyb]

In my opinion, there are two main reasons why bounty hunters do not want to do KYC. First, KYC should only be for investors, Bounty hunters are not customers of the project, they do not want to disclose their information to others. Secondly, bounty hunters that use multiple accounts (cheat) of course don't want KYC.

Yes, you are right. Most of the project or ico need to kyc their bounty hunter and investor also because they prevent fraud and cheater. Be carefully never given kyc or identify to scam or fake project because they sell your information or use any criminal activities. Bounty hunter hates kyc because they want to hide their identity from the online platform but they can only give information only trusted site or project.

[hridoyb]

i personally hate kyc generally both when i invest to an ico and when i join a bounty campaign. crypto market is a decentralized and anonymous market. Why would i share my personal information there?

Yes maximum people thought it.If you want to trade large amount you must fil the kyc form in crypto market exchanger like as bittrex,binance otherwise anytime your account will be lock or you cannot withdraw your asset.I think fill the kyc  only trusted and secure exchanger where you data or information is safe.

[nugezmils]

Kyc is very important. But the question is, Are the documents safe? Is the project genuine? Because there are a lot of fake projects out here. So one needs to be watchful. Know the kind of bounty you are contributing to. Overall, your document is more important than any reward.

[LiquorBan]

Some hunters hate the KYC system because, so many hunters that have a many alt accounts, and they cannot pass or submit a KYC to that alt.

[sieemma]

What i know,  KYC means Know Your Customer ! Bounty hunters are there to Support ICO Project to spread the word about the project .. BUT as soon as the Project manager mention KYC then many  Hunter run away  ! Why? Is it  because  people  don't want review their identity  for security  reason  or people  are joining campaign  with bot software .. 

It is not because people join with software but rather it's because some countries are not allowed to participates in some KYC(that's an automatic rejection if you are from some selected countries). Bounty hunters who may be included in such countries are not treated fairly because they were not told about this. And sometimes, the documents are rejected for no reason. Why should all these be happening after I have done my service?

[Nataliagur]

I’m happy to go through Kyc in all the bounty and the more obstacles there will be for the participation of bots and multi-accounts, the more rewards those who are really engaged in this work will have.

[gilangIDR]

Some bounty hunters try to cheat by following a bounty with many accounts. This is the reason why a KYC is needed. As for the existence of KYC, a bounty project developer can reduce the risk of fraud. Of course KYC will make the bounty hunter who follows the bounty the right people. This is a good renewal. Know your client or KYC is something that is needed to increase market confidence in an ICO project.

[axel2078]

Some hunters hate the KYC system because, so many hunters that have a many alt accounts, and they cannot pass or submit a KYC to that alt.

They can buy KYC from others if they want. So I believe that is not the exact reason for bounty hunters

[vixcious]

What i know,  KYC means Know Your Customer ! Bounty hunters are there to Support ICO Project to spread the word about the project .. BUT as soon as the Project manager mention KYC then many  Hunter run away  ! Why? Is it  because  people  don't want review their identity  for security  reason  or people  are joining campaign  with bot software .. 

Many people don't want to do KYC because they don't want to reveal their personal identities. It is also normal because a decentralized market will bring a lot of risks to participants in any condition.
they just wonder who helped develop the project but need to perform KYC, and they feel it's pretty pointless. then they will think of the project owner taking advantage of their KYC to sell to certain black organizations.

[icecube45]

Indeed there are many people avoiding KYC, as you say because they want to protect their identity for security. The average person who is in Crypto is a person who really maintains their identity for security, because crypto is still vulnerable to misuse of identity so many people are afraid of their identity being misused. Moreover, there are many ICO whose status is unclear and end with a scam, so it is very risky to share their identity on KYC.

[Flangler]

What i know,  KYC means Know Your Customer ! Bounty hunters are there to Support ICO Project to spread the word about the project .. BUT as soon as the Project manager mention KYC then many  Hunter run away  ! Why? Is it  because  people  don't want review their identity  for security  reason  or people  are joining campaign  with bot software .. 

Man cryptocurrencies are anonymous by default, Why do they need our personal data anyway ? In cryptocurrency sphere where 80% of ICO  are scam you have to be cautious who you give your ID especially when you will get small amount $ for that. Think about it.

[wenwen]

Because many bounty hunter have their own bot farm. For many, it is not a problem to provide their KYC data as they can be bought on the black market at a very good price. These people stay in the project until the end and get their rewards. After that, massively sell everything on the stock exchange and the price of such coins falls in a huge number of times. There are also other bounty hunters who just do not want to provide their personal data to questionable projects. Since these data can get to the black market.

[minttop]

I hate KYC because someone steal my data and use it on their own decision. I would like to be assured that my data is in safety and it is all what I want.

[Jannyh]

Well I think there are some reasons why bounty hunters should hate kyc, one of them is this: after doing the bounty for several weeks or months and going through the kyc,  their kyc will or might be rejected,  and once it is rejected,  their effort would have gone in vain or no reward. That is really saddening. Now this is just one of the many reasons.

[pocketfullofpoke]

Most of experienced/knowledgeable bounty hunters do hate Know Your Customer (KYC) requirements because they know where their information will end up if the bounty campaign they're in is a scam. Of course, these vital information can be sold by scammers to the dark web.

[Rimon365]

Bounty hunter hates kyc.Because kyc has a lot of trouble. Besides, the team does not accept it even if it has the right information. That's why many hunters will not get their obtained coin  Smiley

[elisabetheva]

I hate KYC because someone steal my data and use it on their own decision. I would like to be assured that my data is in safety and it is all what I want.

What you say is the same as what I think, that after all, the existence of KYC will affect what will happen with the data we send, can our data be justified to be safe in the hands that we may not know? I always try to avoid KYC.

[xclusiveguy]

It's so obvious and glaring that majority of bounties hunters are engaging in lots of account to run bounties so therefore making them to hate the kyc of a thing,  if not for the multiple accounts I do not see a reason why someone will hate kyc

[mamesso]

Fraudsters always hate KYC, they are people who have hundreds of fake accounts to cheat campaigns.
I'm sure they don't get a good job. they let their families eat dirt as a result of cheating.