Am done with KYC

[Samboo]

I do not think that all of the crypto projects requiring clients to provide KYC details to get bounty tokens have bad intention. Some of the project have their own rules and they act on that. But I am also not in favour of providing KYC information to get bounty tokens. I know many of the crypto projects are not honest and they may misuse our KYC information for their personal gains. So stay vigilant about giving KYC information.

[efxtrader]

Friends, personally am done with submitting my personal information for KYC to any bounty, project or even airdrops. I made this decision after 90% of project that requested for KYC won't make it to exchange. It's so frustrating and disappointing.

KYC is not a good idea for everyone. Not all people from the crypto market participate in bounty campaigns, but everyone trades on crypto exchanges. And I don’t really want to go through the KYC on exchanges, because I don’t know which regulator the exchange will transfer my data to. And why did the exchanges located in offshore need my KYC data?

Very simple. They need KYC of everyone to use their exchange because of the laws in the country of exchange. And if you're in a banned country, you can't use their exchange

Exchangers certainly do not want to take risks by violating regulations that have been set by the government. KYC is needed by exchangers because to avoid suspicious activities and I think this should be supported because for many people who don't understand, the cryptocurrency market is a place to launder money

[Arsenyo]

KYC actually aims to reduce multiple accounts and sometimes project or exchange require it because of the laws of their country. I never pass KYC procedure if I am not totally sure about the project. If I have lots of doubts about the team, their legal concepts, I will never send my personal information to such hands. We shouldn't be blinded by probable profit, it will worth nothing when your documents will be used in illegal activities. So, let's be careful.

[lolak2]

Yes, this true, a lot of projects without KYC is success and most of projects that required KYC failed, this mean most of this project scam.

[Clark05]

Well most of the bounty who are requiring for their participants to submit KYC mostly of them they are scam or failed of reaching their hard cap also their soft cap.  I really like the project or the bounty who did not need to have KYC because their real purpose is to how their project become successful not checking or reviewing the participants or investors of their projects.

[desticy]

Not all bounty programs requiring KYC should be bypassed. All individually. From the last such projections, for example, sparrow, temtum, and bcnex can be distinguished.
They all asked for user data, while they are real projects with real products. By the way, these projects were conducted by worthy managers, except bcnex, there was a manager from the company.
So as a criterion, you can use the reputation of a bounty manager.

[yulchatar]

Not all bounty programs requiring KYC should be bypassed. All individually. From the last such projections, for example, sparrow, temtum, and bcnex can be distinguished.
They all asked for user data, while they are real projects with real products. By the way, these projects were conducted by worthy managers, except bcnex, there was a manager from the company.
So as a criterion, you can use the reputation of a bounty manager.

I can also add harmony to your list, this is also a good project, I passed the KYC verification and received a reward for the bounty campaign. So, I also think that not all projects that require verification, we must ignore.

[asder250]

KYC process is the worst thing what I have ever seen in cryptocurrencies. It kills the idea of cryptocurrencies, it brings many problems into this ecosystem regarding KYC hacks or any other form of KYC abuse.

[budi12]

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

before making KYC, you have to find various information about the project you are following, because until now the project that I have followed always pays the bounty participants and the project is developing well in the market ... so the KYC that I give is not in vain because of KYC (identity ) Personal is very confidential to us so that it is not used by irresponsible parties.

[qiman]

KYC is like a two edged sword at present. One it helps to alleviate the problem of bounty cheaters, and unfortunately there are too many of these, so many of them steal my identity to earn stakes, which is abominable and desperate, but on the other hand our privacy gets more and more invaded. So what is the solution to this dilemma? I personally do not mind doing KYC for the bounties, but the bounties also have to pay us and give us a decent return on our time and trouble and not scam us with useless tokens that never reach an exchange.

[bassbity]

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

before making KYC, you have to find various information about the project you are following, because until now the project that I have followed always pays the bounty participants and the project is developing well in the market ... so the KYC that I give is not in vain because of KYC (identity ) Personal is very confidential to us so that it is not used by irresponsible parties.

but you can never be sure how the project will use your data. there is no guarantee that you will have good payouts while completing KYC and that the project will be successful

I have never heard of a project that uses other people's data for other needs, but I like being confused when the bounty ends the team decides to KYC to the participants while the token has no value in the market? what do you do immediately KYC or leave the project asking for kyc that has no value ?.

[zeze18]

KYC is like a two edged sword at present. One it helps to alleviate the problem of bounty cheaters, and unfortunately there are too many of these, so many of them steal my identity to earn stakes, which is abominable and desperate, but on the other hand our privacy gets more and more invaded. So what is the solution to this dilemma? I personally do not mind doing KYC for the bounties, but the bounties also have to pay us and give us a decent return on our time and trouble and not scam us with useless tokens that never reach an exchange.

I'm just doing KYCs for airdrop and bounties in famous exchanges. I have to make sure that my identity is safe and not used by random people to do a crime or scamming others.
So, if it's not so famous platform asking for KYC, i would definitely say no

[Pearls Before Swine]

Yes I believe you that some guys might just want to steal our ID maybe to sell them on the dark Web or something.

First off I'm not a bounty hunter and never will be.  However I frequently read topics in the scam accusations section and lately I have seen a couple of them dealing with the fact that some of these projects have imposed kyc requirements right at the end of the bounty.  That is inexcusable in my opinion, because any such requirements should be put in the bounty thread right from the start.

And what I would worry about if I were a bounty hunter is precisely the above, ie, that the project would give my ID docs either to spammers or to shady identity thieves on the dark web.  There is no way one could trust them not to do that, since these are basically people you know very little about.  Half the time they use fake identities anyway, so why would you think they'd care about selling *your* identity?

[qomariah95]

I'm just doing KYCs for airdrop and bounties in famous exchanges.

Usually KYC is requested by the project and not from an exchange. This makes me confused, why do you do KYC for airdrops or bounties in large exchanges. Because the KYC requested exchange is different from the KYC requested by each project.

[HabiebRiziq]

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

Not all projects that require KYC fail and do not pay or distribute their tokens. It is true, although sometimes we feel afraid to give out our personal information because later it could be misused without our knowledge, but to get rewards from what we have done, like it or not, we must provide our personal information and hope that the project can developing and listed on the exchange.

[FaithInCrypto]

I haven't joined any bounty yet as my account is still a newbie. But since I know Altcoin for two years now I heard about KYC's a lot around so I asked myself if I would give my personal details in joining these new ICOs. The answer is NO. Even though I am often using the internet but I still have privacy issues so I don't click any anonymous links and submit IDs unless if it is from a trusted site or company I know. It is really hard to protect what you own these days as there is a chance that your data will be sold to a third party without you knowing.

[SolarWindMiningCompany]

KYC is like a two edged sword at present. One it helps to alleviate the problem of bounty cheaters, and unfortunately there are too many of these, so many of them steal my identity to earn stakes, which is abominable and desperate, but on the other hand our privacy gets more and more invaded. So what is the solution to this dilemma? I personally do not mind doing KYC for the bounties, but the bounties also have to pay us and give us a decent return on our time and trouble and not scam us with useless tokens that never reach an exchange.

I'm just doing KYCs for airdrop and bounties in famous exchanges. I have to make sure that my identity is safe and not used by random people to do a crime or scamming others.
So, if it's not so famous platform asking for KYC, i would definitely say no

I still do KYCs but only on credible platforms. As long as you still participate in cryptocurrency buy and sells especially at ICO and exchanges, KYC remains mandatory. You can only be careful with the platform you deposit your personal information to ensure that they have user data protection policies duly abided by the platform.

[mhine07]

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 been participating in bounty campaigns frequently and there is this bounty campaign that i join in and required KYC process for us bounty hunters to be rewarded with our bounties , but after we pass the KYC process the project that we have been participating suddenly frozen the tokens and we never know what will be the outcome of that project , their telegram channel now is we cannot search it anymore and no more updates about their project.

[Aabcde]

The average airdrop or bounty now uses KYC to receive the token. I think this is not useful at all. Because the fact is why we are KYC if the tokens that we receive cannot be used as money because of the very small price when entering the market. Therefore it is better to be paid with BTC or ETH to be more feasible to do KYC. This avoids vanity because what we submit is our vital identity.

[Sithara007]

KYC is like a two edged sword at present. One it helps to alleviate the problem of bounty cheaters, and unfortunately there are too many of these, so many of them steal my identity to earn stakes, which is abominable and desperate, but on the other hand our privacy gets more and more invaded. So what is the solution to this dilemma? I personally do not mind doing KYC for the bounties, but the bounties also have to pay us and give us a decent return on our time and trouble and not scam us with useless tokens that never reach an exchange.

There are much better ways to deal with the bounty cheaters. For example, if an authentication post is made mandatory, then it can cut down the cheating attempts by quite a bit. Also, it should be made mandatory for users to enter their ERC-20 wallet address in the location field in the Bitcointalk profile. These are much more efficient than KYC. What is the use of KYC, when you can find scammers willing to do KYC for you in the dark market for just $5?