KYC for penny money?

[indrakusumaindra]

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?

Well i do think it would be wise to not give anyone your identity, the reasons is:
 1. first it would be use for crime
2. Someone could possibly take important things from your identity such as date of birth and etc.
3. it might be not worthed at all to participate in airdrop that required KYC
4. They might use it for spamming your account and send you malicious link and virus.

[lutfi-hasan]

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?

Well i do think it would be wise to not give anyone your identity, the reasons is:
 1. first it would be use for crime
2. Someone could possibly take important things from your identity such as date of birth and etc.
3. it might be not worthed at all to participate in airdrop that required KYC
4. They might use it for spamming your account and send you malicious link and virus.

It is very terrible if our data is used for crime, so we ourselves become victims, I myself am very careful if I want to do KYC against unclear projects.

[Prettyme]

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 you're right, there would be some instances that other greedy people will going to use your identity to scam someone so in giving our identity information we should try to examine the person we're giving our identity to avoid any using of someone's identity. People should always be careful especially giving personal information.

[ethereumhunter]

I think it is not worth if we do KYC for some penny because they can use our identity for anything they want and we don't know what will they do after they collect the member identity. If they can prove that they will use the member identity for anything especially for the illegal thing, then we can send them the identity but once again, that will not worth if the rewards are just penny money.

[pealr12]

Most of airdrop and bounty campaigns requires kyc for all the participants even the yonly get small rewards,  i wont give my identity in public or to anybody to be use by other people in illegal activities  in exchange for a small amount

[Koadharber]

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 have this feeling that some bounty hunters are not using their own credentials to submit, some of them might be using other's information that they've bought so they can participate in those airdrops and bounty hunting that needs KYC, common sense tells us you will not risk your yourself for a few pennies.

Indeed no one will participate in the airdrop that is giving small amount of payment especially when they have requirements to do Kyc,those people who is participating with that airdrop is using other identity or a dumb people that is not thinking about the risk because they think only the money.

[bittick]

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 have this feeling that some bounty hunters are not using their own credentials to submit, some of them might be using other's information that they've bought so they can participate in those airdrops and bounty hunting that needs KYC, common sense tells us you will not risk your yourself for a few pennies.

Indeed no one will participate in the airdrop that is giving small amount of payment especially when they have requirements to do Kyc,those people who is participating with that airdrop is using other identity or a dumb people that is not thinking about the risk because they think only the money.

If they are really thinking about the money they will not bother getting the pennies since they could outright sell their ID for higher price anyway (DONT DO THAT)
People who are really giving away their ID in exchanges of pennies are pure dumb, there's no cure for that but atleast we can give them advice that their ID will be sold in the dark web and they will need to face trouble in the future because of few cents.

[AntoCokbun]

It's really unfair if we have to send our personal identities for just a few cents, I think it's too risky and I usually reject it and ignore it because it's true sometimes the fear of our identity is used for bad things.

[mangsitin]

It's really unfair if we have to send our personal identities for just a few cents, I think it's too risky and I usually reject it and ignore it because it's true sometimes the fear of our identity is used for bad things.

Yes, from now on we do not send our valuable identity for penny money, because it is very dangerous, look for projects that do not involve KYC. Because there are still many good projects without having to make KYC.

[bitcoin31]

It's really unfair if we have to send our personal identities for just a few cents, I think it's too risky and I usually reject it and ignore it because it's true sometimes the fear of our identity is used for bad things.

It is very risky for the person who are going to pass their Kyc or the real Identity they have now.

Im scared to pass my KYC to because we know many scammer are using other information to hide their real Identity.

Rejecting that offer can save you from any trouble that can experience possible to you in the future secure yourself.

[DigitalGemToken]

I would be cautious.

Everyone should weigh the benefits and risks before giving out their identity documents for KYC. Identity theft is one of the fastest growing crime these days and I don't think that it is worth it to supply your identity documents for a few airdrops.

Our cryptocurrency for instance will never require KYC's for airdrops and that is because we are not scams or criminals.


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[costanos02]

It is not healthy if you reveal your identity for a few penny, this wrong doing is not advisable, this is a serious matter, your identity is much important compare small amount you earned.

And of course it is your choice, just a simple reminder always think twice before you make a decision.

You gave your identity for small amount of money and the person who use your identity earned lots of money.

[Aldrinx00]

There's lot of people who would give out their identity in exchange of penny, they don't know that those guys would just sell their identity to thieves. Let's be careful on participating on those scam projects and let's prevent and ignore them.

[Distinctin]

There's lot of people who would give out their identity in exchange of penny, they don't know that those guys would just sell their identity to thieves. Let's be careful on participating on those scam projects and let's prevent and ignore them.

Maybe they are not aware, but they are giving it to get the reward, we can't blame them if they really are desperate to get the money.
KYC is going to be a norms in the financial world and since we like crypto to be regulated, we should not complain if we give our identity for KYC requirement, I'm just hoping that those who require will also get the punishment if they broke the law.

[tukagero]

For just a penny you will give your personal details to people you dont know. Bounty hunters doing this dont know the risk when giving their kyc to an unknown people.

[rez303]

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 also very afraid of this. I only provide my personal information at large exchange rates like Binance and Huobi because they just want to certify that I am an investor.
But I will not give my information to some unnamed apps. I am very afraid of my information being abused for some illegal activities.

[Pumapipa]

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.

100% true on this. I really do not get it why people are willing to exchange precious data for cheap money. I mean, people wake up, these people asking for your identities might be making more money selling your identities, then what do they give you-- little money in exchange to big things like ID. Please be careful. Try your best to not participate on this kind of campaigns or airdrops requiring these.

[Yutikas_11920]

For just a penny you will give your personal details to people you dont know. Bounty hunters doing this dont know the risk when giving their kyc to an unknown people.

well, usually those like that are those who don't care about their identity which is only valued very cheaply, they don't know that the identity given can be used for crime even identity can be sold on the black market at high prices.

[pealr12]

Those who give thier private info to get their bounty  rewards are desperate. And giving private identity will result to hacking of thier accounts, or worst thing that will happen they will the identity to make illegal activities.

[Vishnu.Reang]

Those who give thier private info to get their bounty  rewards are desperate. And giving private identity will result to hacking of thier accounts, or worst thing that will happen they will the identity to make illegal activities.

In general, the noobs are very desperate to get their hands in to some crypto. And unless you manages to improve your forum rank to at least a senior member, doing that is very difficult here in this forum. So there are limited options available for them. They may refuse KYC initially, but in the end at least some of them may get frustrated enough to undergo this process.