KYC for penny money?

[shannelcoin]

I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?

[passwordnow]

If they are hungry for those pennies for the exchange of their identities, there are too things that's on my mind.

• they don't own the identity
• they are desperate

It's not worth it to exchange your any ID just for those airdrops or free cryptocurrencies that they offer. I always avoid those kind of posts and ignore people them on social medias.

[alisafidel58]

Those site cant be trusted at all because they could use your identity in some shady business without your permission. It's better to stay out than to be sorry.

[Bitinity]

I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?

I heard about this since few weeks ago on Facebook, indeed there are many people share some giveaways that requires KYC in order to qualify. I myself wont do it for few bucks, it does not worth the risks of our personal data. Those who done it for penny money seems do not really care about the risks involved in such activity, they only care about the money. They are type of people who focus on looking for free money on the internet, as long as they do not need to spend money first then they will do it.

[Distinctin]

How sure are you that they are giving their real identity?
Identity thief is happening, they can give other's identity just to have this small amount, or maybe edit pictures and change names just to avail.
They do a lot of trick, if those who ask for KYC for a penny think that they are smart, they will be outsmarted by the bounty hunters.

[peter0425]

Personally, I won't because I don't want to compromise my identify. But there are people who are willing, so I guess it's their choice to lose their personality and maybe found their data on the dark market. But I'm not one of them so I will not give out any information just for a peanut

[N0sferatu]

People who believe that their identity is private and - so far - not known by any 3rd parties worldwide are just naive. (no offense)

Therefore, selling - already known - data seems pretty reasonable to me.

[capcaypro]

Do not carelessly use our identity, I also do KYC after I will definitely receive money or valuable coins if there is no value, do not have to do KYC.

[mu_enrico]

free cryptocurrency that needed of kyc before you get a penny money

It's basically not free because you are "selling" your identity for some amount of money. It depends on how much you value your identity actually. Some people happy to sell their identity for a mere $10. But for me, it must be way far more expensive than that.

[tweetbit]

What's your thoughts about this?

“Think before you click”. This is shamelessly pitiful for those desperate people behind the accounts that are victimized by these opportunistic criminals. Sad to say we can’t track them on a personal level and we can’t stop them by just reporting them. They can do multiple accounts in seconds and do it on many platforms as possible.

Be cautious enough and act as a true matured man. Don’t be the fool.

[Naida_BR]

I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?

I am against KYC all the way, even if it is for more money than just pennies.
We those this decentralized ecosystem because of the freedom to exchange value anonymously and openly. I don't get who desperate people can be in order to give their identity for some coins that would probably don't have any value.

[raidarksword]

There are lots of airdrop requires to submit KYC in exchange of small amount of money and it is very alarming that the consequences are very cautious that there are using it to steal one's identity and use it in illegal. So, it's best to not get involved in that kind of matter to protect one's identity.

[manfredmann]

I saw in my social media feeds that there's a lot of people now posting about free cryptocurrency that needed of kyc before you get a penny money. This people not think if it's will good to them to give their identity in any site for just penny money. Yeah it's free but your identity will be possible to use in any harmful doings.

Whats your thoughts about this?

yeah that is difficult when you give your activity just to earn a little money. It could be used in a different way where you could not control over it. One might get surprised if day an arrest warrant will be serve to such the identity was being used to do illegal transaction or the likes of it.

[stfN2128]

I dont understand people who give other their personal datas for pennys... sometimes for nothing. when i  do a kyc i check the company twice - also in nn crypto related things. better to be safe than giving away personal datas to a shady company

[Mometaskers]

No such things as a free lunch. Or as the cliche goes, if it's free, you likely are the product.

And you said it yourself, pennies. Even with no KYC you surely could find something else worth your time.

[cryptjh]

The only airdrop where I have done KYC was the blockchain stellar airdrop, I trust that exchange enough to give my KYC for $25, that airdrop I got, is now worth around$35 and I think it's still going on.
But I would never do a KYC to an unknow airdrop team. Many of those KYC is done just to steal your ID!

[jakelyson]

They could sell your identity or use it for identity theft. It is not worth it giving away your personal information. We are in crypto because we like anonymity, so giving away your personal information goes against it.

Those who do KYC for penny usually submit fake information and IDs.

[Lucius]

Although in principle I am not against KYC (Know your customer), in any case, be very careful when giving personal documents to anybody, and especially some less known / trusted companies. Misuse of data is very widespread today, the question is only to what extent someone is doing it. It is not same thing if your data is used for the purposes of targeted advertising, or that copy of your ID / passport is used in some illegal / criminal activities.

KYC on some trusted exchanges make some sense, although I would always choose a purchase in person or by ATM regardless of the higher fees, but with the aim of protecting privacy. However KYC for some shady airdrops which will may give you (or not) few $ is something you should not do, the possibility of damage is far greater than the possible benefits.

[Indrawan77]

I am not too favor of kyc, I think it's violated the crypto ideas, even if the secure and legit site asked, I will still think twice, when something happen and your identity is leaking then they will just apologise and move on while our identity is jeopardise on Internet, so its never a bright idea to sell your identity especially for a small money

[btc_angela]

Common sense will tell us that you need to just pass KYC just because someone will airdrop something to you. Even in non-crypto engagement, your personal data should be protected by you. I'm also not favoured by passing it, maybe on just a couple fo trusted exchanges, but for penny? No. I wouldn't.