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Author Topic: Am done with KYC  (Read 22075 times)
BitTraderCute
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May 09, 2019, 01:34:15 PM
 #421

it is true that some gift projects require participants to do KYC and some do not, but it also depends on the project that I follow if I think the project is trustworthy maybe I will reconsider, but another story if the project is not transparent I always avoid that.
don't give our personal document to strange people ,if they untrusted people they could use our data for crime.if our bounty reward has less value maybe we should not do this.in several projects i am prefer to pass it when they only give us lee money.i am prefer to safe it.
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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May 09, 2019, 01:52:33 PM
 #422

it is true that some gift projects require participants to do KYC and some do not, but it also depends on the project that I follow if I think the project is trustworthy maybe I will reconsider, but another story if the project is not transparent I always avoid that.
don't give our personal document to strange people ,if they untrusted people they could use our data for crime.if our bounty reward has less value maybe we should not do this.in several projects i am prefer to pass it when they only give us lee money.i am prefer to safe it.
If the project allows KYC at the end of campaign that will be fine knowing the project already succeeded and provided that the token to be rewarded have some worthy value, don't give your identity in just a penny reward.

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Kattoweymo
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May 09, 2019, 02:11:28 PM
 #423

Now verification is not very profitable, since documents can be sold in the future, there is a project in which you don’t need to go through it, I’ll leave the link https://bitcointalk.org/index.php?topic=5136520
I heard a few days ago about him, I’ll have to look, and i don’t go anywhere else at the verification account, now there are too many risks.
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May 09, 2019, 02:17:22 PM
 #424

Now verification is not very profitable, since documents can be sold in the future, there is a project in which you don’t need to go through it, I’ll leave the link https://bitcointalk.org/index.php?topic=5136520
I heard a few days ago about him, I’ll have to look, and i don’t go anywhere else at the verification account, now there are too many risks.
I decided for myself that the project is normal and, as it were, they have one foot on the stock exchange, and this is important, most of the projects simply don’t pay tokens to their users after bounty, and here the situation is different and there is an official website.
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May 09, 2019, 02:21:04 PM
 #425

In the end, it all come down to you to assert whether it worth to give your KYC to receive bounty reward or just the simple bounty that required no KYC.
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May 09, 2019, 02:25:26 PM
 #426

I think you should avoid joining projects that are doing KYC. Because I think there is a lot of risks when it comes to doing KYCs, for example, is giving your information and the project ends up as a fraud. That is one of the things that I really fear. That is why as much as possible I always try to look for good campaigns that don't require KYC. But sometimes, it will also depend on what the project wants.

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May 09, 2019, 03:06:54 PM
 #427

I think it is not a good idea to give KYC to every bounty or even in every transactions that we have. First innour security,if we give our full details and we are have and holding a big amount of crypto I think our life or our coin is in danger. So nothing will give their true information and the result is KYC is just a waste of time and a big hustle here in crypto world.

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May 09, 2019, 03:25:50 PM
 #428

Making a generalised statement from ypur experience isn't very good  or doesn't make what you are saying right. However, we still need to be very careful wbich project we participate and provide or personal  information, all in the name of kyc. I have personally seen several bounties which requested kyc fail but several others have been successful.

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May 09, 2019, 03:28:13 PM
 #429

There are stillman bounties that never asked for kyc but never sent out payment which I have personal experience about. Stopping kyc is your choice and also you aren't mandated to do kyc or join projects that asks for kycs
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May 22, 2019, 01:32:41 AM
 #430

Because of rampant scams in this industry its best to be careful about who you share your personal information with and only do so if its really worth your while because there's plenty of giveaways that can appear to be genuine or promise to offer great value but are just an illegitimate means of collecting private data for other uses so always verify who you're providing your details to before submitting them

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May 22, 2019, 02:35:50 AM
 #431

in every application of cyc better we are careful in giving our data,
the trust that we provide is not necessarily used correctly by the party requesting the cyc from us.
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May 22, 2019, 03:00:05 AM
 #432

There are stillman bounties that never asked for kyc but never sent out payment which I have personal experience about. Stopping kyc is your choice and also you aren't mandated to do kyc or join projects that asks for kycs
Yes, if OP don't want do KYC verification then don't join bounty that needs KYC. The bounty manager usually tell the participants that this bounty need KYC on the first page of bounty thread. Bounty is not good anymore tbh, i only do KYC if the ico is reached the hardcap, so the boutny will be paid.
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May 22, 2019, 03:20:24 AM
 #433

I can not real say, it is a true or lie. I have heard of things like that before; at the same time i have also seen some KYC projects that saw the light of the day. It depends on the management intention. KYC is not a criteria to know a scam project or gonna fail project too.
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May 22, 2019, 04:13:58 AM
 #434

There is one thing I have realized from my experience with KYC for bounties. Almost all the projects I have provided my personal information to them failed to even get listed on exchanges and the project dies off. Surprisingly, those that didn't require KYC paid me and the project is truly developing. My point is, am beginning to think those project requesting hunters to go through KYC are just in for their information to trade and do not have any intentions to develop their crypto project so let's be vigilant about whom we carelessly give our details to, for some peanuts...May God bless our hustle
The KYC checkout has become one way of cheating bounty hunters. It began to be conducted, as a rule, after the end of the ICO. And in some cases, six to eight months after the ICO, when bounty hunters already less often go to their telegram groups and set very short periods for conducting such an inspection. Therefore, many simply do not have time to go through it. A part does not pass due to many technical problems, because there is no established form for its passage and each ICO team constantly comes up with all its new passage conditions. The tokens of those bounty hunters who have not passed the KYC test remain at the disposal of the ICO team. Therefore, she is very interested in the fact that the largest possible number of bounty hunters does not pass. Therefore, if the ICO team checks KYC not at the beginning of the ICO, but at the end, this is already a sign that they are going to deceive the bounty hunters.

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May 22, 2019, 04:49:53 AM
 #435

in every application of cyc better we are careful in giving our data,
the trust that we provide is not necessarily used correctly by the party requesting the cyc from us.
Kbow the company, if they have really a established company and. Certified by their country. Having KYC must be undergone well but needs to be careful when giving too make sure the project will succeed so it will not be a waste of time.

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May 22, 2019, 09:40:25 AM
 #436

We can as well say KYC is another form of scam in Cryptocurrency. Most people tends to believe that any bounty that requires KYC is real which is a very big lie.

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May 22, 2019, 10:24:10 AM
 #437

There is one thing I have realized from my experience with KYC for bounties. Almost all the projects I have provided my personal information to them failed to even get listed on exchanges and the project dies off. Surprisingly, those that didn't require KYC paid me and the project is truly developing. My point is, am beginning to think those project requesting hunters to go through KYC are just in for their information to trade and do not have any intentions to develop their crypto project so let's be vigilant about whom we carelessly give our details to, for some peanuts...May God bless our hustle

This is a lesson learned for all who participate on the airdrops, there is no guaranty on the price of those coins coming from airdrop, don't believe that it will soon worth thousands of dollars, you should worry on who and where do you give your sensitive information, you will regret this later.


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May 22, 2019, 10:27:11 AM
 #438

yeah me too, i am done with KYC for bounty campain or Airdrop campain.
KYC project is same like other many scam of that, and where our KYC will used.
i just affraid my ID will used to bad or illegal crime.
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May 22, 2019, 10:44:07 AM
 #439

I think you were just unlucky with that. Many projects that required me to KYC to get tokens paid me everything as expected. It is necessary to analyze the project very carefully and sometimes even after a long participation in the bounty campaign I refused to pass KYC, because the project looked suspicious and looked like a scam.

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May 22, 2019, 11:01:59 AM
 #440

There is one thing I have realized from my experience with KYC for bounties. Almost all the projects I have provided my personal information to them failed to even get listed on exchanges and the project dies off. Surprisingly, those that didn't require KYC paid me and the project is truly developing. My point is, am beginning to think those project requesting hunters to go through KYC are just in for their information to trade and do not have any intentions to develop their crypto project so let's be vigilant about whom we carelessly give our details to, for some peanuts...May God bless our hustle
I am also confused of KYC. do not know the project they are asking to do kyc is fake or real because some projects do not require KYC and they seem real i have experience with it  Undecided
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