KYC for penny money?

[dongyi17]

Well some bounty campaign ar asking for kyc for some purpose they want to make sure that you're not belong to states where they're belong with, for security purpose, but then I think they will keep it private and they  guarantee that they will get paid after presenting some evidence that is what I know.

[Valhalaa]

Well some bounty campaign ar asking for kyc for some purpose they want to make sure that you're not belong to states where they're belong with, for security purpose, but then I think they will keep it private and they  guarantee that they will get paid after presenting some evidence that is what I know.

well, most of the bounties nowadays all use KYC as a condition for them to pay us
but strangely after we paid KYC sometimes not paid and ended in the project being a scam project that hurt us,
where we take the data and we also don't get the right payment
and sometimes the fees are too small not comparable to the KYC data they take

[rijaljun]

They do KYC for 10-25 USD.
It's maybe just a penny for some people who are living on rich country. Unfortunately, there are a lot people living on poor country where a penny is much valuable to survive. So this is just a personal perspective.

[CTRLX]

I really don’t understan how people willing to share their ID or passports so easily. Even after the bounty campaigns you might think about it, if you really earn good money from a bounty. But nowadays there is no bouty that you can earn too much. On the other hand, i guess no one can convince me to exchange my ID that easily. It’s not a simple thing.

[Hamphser]

I really don’t understan how people willing to share their ID or passports so easily. Even after the bounty campaigns you might think about it, if you really earn good money from a bounty. But nowadays there is no bouty that you can earn too much. On the other hand, i guess no one can convince me to exchange my ID that easily. It’s not a simple thing.

Come to think that even bounty on past years doesn't really have that kind of requirement which do really needs for you to have some KYC.
When regulation hype do starts to become an issue then those ICO together with bounty dragged on it that's why bounters don't have any choice
but to send out kyc if they do like to receive tokens if not then those tokens would be on hold.

[illusioNiZt]

Everyone is requesting for KYC now just pick projects you can trust if you feel insecure to do KYC, I don't really like the idea of KYC either but if its for the betterment of Crypto-currency's future then we should support it of course with the legitimate projects that is.

[Indamuck]

I've read some very disastrous stories of identity fraud, a lot of them don't realize just how much damage can truly be done by these types of criminals.  It is a real hassle to try to clear up any of the wrongdoing they do and you can't always get the financial issues resolved with your companies.

[Pab]

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?

Stay away from giving your ID to unregistered bodies.It is stealing
Mostly persons what are asking you for KYC have no any rights to do it
It is in fact criminal activity and  can be reported to police or any regulatory  bodies
Do not enter any bounty what is promising you money and wants your KYC
It is illegal at all

[sarmrakib]

I think we should need to more careful about KYC .We don't need to provide our KYC for a airdorp or anything what we don't necessary really. We should keep our identity secured .

[Dr.Osh]

I think we should need to more careful about KYC .We don't need to provide our KYC for a airdorp or anything what we don't necessary really. We should keep our identity secured .

this is something common. I also will not give my identity easily, especially on something that is not clear. well, now it's very easy to use other people's identities. even though this is only limited to the mind, but you are right, that it is not easy to give our identity to others.

[Airbuxf]

That's KYC in exchanges is something what I don't like but governments forces them to do that, but ICOs who want KYC for some airdrop or bounty I don't understand. There is no need KYC in that situation, and if they want to not have cheaters there could be sth like simplified KYC where you show your selfie with dokument where you can hide everything except name and surname.

[mangsitin]

If a project doesn't look promising but requires me to do KYC for that, I will refuse and stay away from the project, because for me my data security is the main thing, so research is needed and always be careful when a project wants you to make KYC.

[akiho yoshizawa]

I don't think it makes sense that just to get a coin for free must sacrifice one's own personal identity because we also don't know the people behind it. very dangerous if we give identity to people who don't know who they are at all, maybe they don't have bad thoughts but it would be nice not to follow it and there are still many ways to get coins for free by participating in the bounty program I think better.

[dameh2100]

Theres a Lot of free money in cryptoworld, sometimes you need to do KYC before you receive your Penny money and sometimes you don’t need to. On the other-hand, they are both penny money, it’s your choice if you want to take a risk for just small amount of money. But for me of-course, its the best to not get involved and risk your identity for just that small amount.

[bitcoin31]

Theres a Lot of free money in cryptoworld, sometimes you need to do KYC before you receive your Penny money and sometimes you don’t need to. On the other-hand, they are both penny money, it’s your choice if you want to take a risk for just small amount of money. But for me of-course, its the best to not get involved and risk your identity for just that small amount.

Not getting involved is best choice because we can't trust anyone, for sure if the reward is a lot of money they will give all their information but for small peny you can't do that because they have alternative way for every person to earn money with free only need is to participate withouf submitting their KYC they will earn money like signature campaign.

[Oceat]

Theres a Lot of free money in cryptoworld, sometimes you need to do KYC before you receive your Penny money and sometimes you don’t need to. On the other-hand, they are both penny money, it’s your choice if you want to take a risk for just small amount of money. But for me of-course, its the best to not get involved and risk your identity for just that small amount.

If people have lots of choices why would they give their personal identification to someone who they didn't know? Since most people in Asian countries are not that rich, they aren't afraid to take the risk of handing their personal details to someone especially to those people who work with a minimum wage.

[hahahafr]

It's such a shame that people would stoop so low and do this for money. There is no get rich fast in this real world of our people. Work hard and it would surely produce something substantial for you to live by it.

[BennyK]

KYC has nothing to do with the amount of reward received for joining a bounty program. KYC is for verification purposes and other legal matters that the project may need to deal with. This is why bounty hunters must do thorough research into the program before joining the bounty in order to know the potentials and capabilities of the project hitting the jackpot.

[jakezyrus]

KYC has nothing to do with the amount of reward received for joining a bounty program.

of course it does matter because afaik kyc is commonly done on bigger transaction like for example if you are withdrawing a huge amount of cash and if you are an investor of an ico but kyc on an airdrop and on a bounty is not usual anymore .

KYC is for verification purposes and other legal matters that the project may need to deal with. This is why bounty hunters must do thorough research into the program before joining the bounty in order to know the potentials and capabilities of the project hitting the jackpot.

but i still dont get the connection of a kyc with a bounty or maybe you are trying to say that kyc related bounties are more legit than a bounty that does not require a kyc ?

[waynechong1995]

KYC initially have very use case previously. They use it to verify their customer as standard regulations procedures but seems nowdays airdrops are trying to get as much information from person with no means of complying personal data protection, I joined such and for awhile during the bull I was getting lots of scam calls and messages regarding investments and binary option