Am done with KYC

[tippytoes]

Actually using this cryptocurrency without using KYC can also be used by anyone. But most of the companies, for example, are KYC verification exchanges. Their strong reason is that when our data is lost, they can reset our account with proof of the KYC we use.

But unfortunately, there are fake projects that take our data to negative things. I think before we give the data to them, we must first verify their project.

This is our responsibility as a crypto user, to verify their authenticity as a project or exchange. Because they might be collecting our data for their personal gain. Before submitting your docs, you need at least do a research of these companies, if they do exist or just dummy ones. Once you submitted, you can't retract those docs, right?

[1714729082]

1714729082

[1714729082]

1714729082

[1714729082]

1714729082

[valter_dego]

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 have there is only one project in which I has passed KYC not yet listed on the stock exchange. So I can't confirm your supposition regarding passing of KYC in bounty campaigns.

[anggaem]

nah thats true, i dont know why but bounty project without KYC is always legit than bounty thats require for KYC.
and I will never do KYC again because I think it's very dangerous to do it continuously.

[Starfranko]

Since most folks are becoming jittery over the security of the personal details they provide due to kyc , it is in my opinion necessary that bounty managers should assure bounty participants in particular on the ye safety of the information they provide.

[Miy Monk]

This could be a true fact. Because, public information is very important for many companies to develop their products or services and to promote them into the real market. The price of public information is very high. KYC could be the way of gathering this type of information without any extra cost or hassle.

[Flux0z]

Crypto and KYC is two words that shouldn't even be in the same sentence, lol.

I hope you guys WAKE UP, and actually care a little about your privacy online.
Know Your Customer is good for centralized services, but those are again contradicting from what crypto is about. 

Trade on DEX's, care about your privacy, otherwise all your personal details might end up in the wrong hands.

I'll personally trade on the Stakenet Lightning DEX as soon as it's out, since it doesn't need KYC, Registrations, or anything else for that matter. Just plain peer to peer transaction with low fees.

Do your own research on this one though.

[trust7]

Crypto and KYC is two words that shouldn't even be in the same sentence, lol.

I hope you guys WAKE UP, and actually care a little about your privacy online.
Know Your Customer is good for centralized services, but those are again contradicting from what crypto is about. 

Trade on DEX's, care about your privacy, otherwise all your personal details might end up in the wrong hands.

I'll personally trade on the Stakenet Lightning DEX as soon as it's out, since it doesn't need KYC, Registrations, or anything else for that matter. Just plain peer to peer transaction with low fees.

Do your own research on this one though.

In general, who thinks about KYC? Personally, I try to avoid it in every possible way. I do not want to shine their documents. Who else thinks, share.

[lousie9]

Maybe you get a project that is less fortunate because there are also many projects that are very lucky when we do KYC and clearly provide this token with very good market quality, so for the KYC project the obvious problem is not a reason for us to give because everything also already exists arrange it especially for luck, all sizes are available so we can only continue to try and pray.

[upyem2k]

I have discovered that too as a bounty hunter. The so call KNOW YOUR CUSTOMERS (KYC) seemed to just be a way of making the scam project look real to unsuspecting hunters who work for the project team to attract investors which the team eventually scam.

[fulled]

i have strict standard for giving my kyc for bounty project, i only do this if i believe with the project. I dont want in future my kyc used to doing something illegal by that project

[fileo]

Right now, project that I'm following requires all participants who join to do KYC and I do that. I've the reason why I am doing KYC because I see project I am following now really has a good team and real products. I also will not provide my personal information if the project is unclear

This could be an example if you op don't want to undergo to pass KYC process to dead project. First thing first is secure your identity passing it to secure and successful team not just for money.

[reality18]

in my opinion doing KYC for bounty is indeed an obligation and must be done, even though the bounty campaign that was carried out eventually ended in failure, it does not mean that it was all wrong with KYC, indeed the crypto market factor is lacking the attractiveness of investors

Of course it is very dangerous to give ones personal details to an unknown cryptocurrency projects because there is the likelihood of running away with these data for their personal gains. However, due to legal reasons and verification purposes, KYC cannot be omitted now in crypto as this innovative and revolutionary technology begin to grow and reach out to the general public.

[iTradeChips]

I am thinking that the reason why companies tend to do KYC's is because of the likelihood of having this large insecurity with its participants. Therefore there is a tendency that companies that are insecure of its investors will project much more authority and will make a list of all the names and addresses of its participants. So I am always wary of these kinds of projects.

[jack8989]

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 think you are unlucky to just participate in bad projects. I have also participated in a number of projects that they want us to provide KYC like TGN, OATH, ... but they are still very successful at keeping prices good.
You should analyze it more carefully before participating in certain projects to minimize risks.

[senin]

I have discovered that too as a bounty hunter. The so call KNOW YOUR CUSTOMERS (KYC) seemed to just be a way of making the scam project look real to unsuspecting hunters who work for the project team to attract investors which the team eventually scam.

In fact, a KYC audit should only be carried out to prevent cases of dirty money laundering and to combat the financing of terrorism. Conducting such an audit for another purpose is illegal. Thus, this check should apply to investors in ICO projects that invest heavily in these projects and this should not concern bounty hunters.
On June 21, the International Financial Action Organization (FATF) adopted its recommendations, which stipulate that only those who send transactions worth more than one thousand dollars should undergo a KYC audit.

[March21]

You should realize it faster. Don't give out your personal data easily. In fact, many airdrops have asked us to fill in personal data. Logically, for what we exchange our personal data only for token uncertain. They are smart, they deliberately put their token price (eg $1) on their website. So if you only get 20 tokens, of course, the price will be $20. They are fooling us.

[tonyvo2017]

 For projects that want us to offer KYC, those are really bad projects. because they need our information to sell to other businesses to make money.
therefore, we should only select the campaigns that tokens are listed on, they will not ask us to implement KYC.

[iyah adrian]

I never participate in a bounty where they are required to provide their public data.

Bounty requires the participants to KYC and some do not require it. So, it all depends on you determine. What mode would you prefer to participate in. If you are not happy with KYC, then don't participate in the bounty. Vice versa.

[john_nautica]

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

we should be able to tell more from the beginning whether the project really can develop properly or not. so it's actually very loss if we do kyc but with coins that have no potential. maybe it can be used as experience if it doesn't have good potential, we don't need to do KYC

[jerrison]

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 obvious fact is, i am beginning to think that projects that request for KYC are not just trying to deceive people but also using their details for something fishy, imgine if the KYC database of a particular system gets hacked.. couple of days ago, I saw some tweets about BINANCE KYC database beign hacked, although this information is yet to be confirmed but imagine what the case would be if it so happens that this is true.