KYC for penny money?

[Oilacris]

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?

Setting aside privacy, that will be a hassle way for just a single penny.

In other words, not worth it. KYC's are not instant. Sometimes it will takes months especially if the submitted documents is quiet not reached the company's criteria.

Didn't know there are thing like that creates massive feeds on social media. Mind giving me some examples via PM?

Maybe those links being shared out are referral ones because usually when you do look some people post it then most likely
it do connects with invitation on possibly to earn more but giveaways doesnt work on this way, just like on what we saw on Stellar
giveaway by blockchain.

[gowobonyok]

and even the coins have not been registered in the market exchanger, so I think it is not very effective when we have to send our full identity, while we have not get anything, or even nothing.

[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.

The only reasons why do people dive in with those pennies.Lets say that its really dumb to give out personal info just for pennies but there
are really people who are that dumb and desperate enough to do such thing.Well, its their own identity to be risk not ours but its not just right
to consider to make such action.

Yes, I've included that because it was I saw from those people who were into airdrops. I can't blame them for having that kind of mentality because of the sudden surge of airdrop treasures on 2017. There were reports before that some of the airdrops during that time became gold and has given decent profit more than $1,000. In that experience, I think it is the reason that encourages them to dealt and risk their IDs in exchange of those tokens that doesn't have clear future results.

[goaldigger]

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?

Its obviously a scam. Dont believe in getting free cryptos in exchange of your identity. The little giveaways is not worth it. Besides, why do you believe in such a way knowing it obviously a scam? Dont divulge your information in any sites except for those trusted ones. Its better to be safe than sorry.

[freedomgo]

Value your information more than the penny you will get.

If you are willing to follow the KYC and give your personal information, you might be surprise in the future that your name are attached with some crime or a possible illegal activities. We have to be smart and careful, we like easy money but we should carefully analyze the risk on giving our information.

[Disaster435]

I always thought bitcoin and cryptocurrencies are originated to be anonymous, which are their main advantages in addition to speed. Unfortunately, soon that will be controlled the same way bankster control the rest of society.

[Ranly123]

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?

That's right, giving your personal data just for a penny is a bit too risky for yourself. It's better to avoid this kind of transactions to prevent exposing your personal identity unless it's worth the return for the risk.

[Kiweikoo]

A lot of projects are like that, they pay pennies for the airdrop. But as for the KYC, doing that for a worthless amount is never worth it, you're wasting your time and taking risk at the same time. And there are some of them that will not pay you for the airdrop and they will steal the info you've given to them. So, just be skipping any one that requires KYC.

[Reid]

It is not a wise move but there are people who really need that penny.
I am against it though. I want my privacy to be kept as always and that is why I chose crypto currencies as my money.

It will be their problem someday.
It can be used for bounty joining and used their profile as if it is really them.

I would rather work in a company than scatter my information in the internet.

[thinkright]

Even with bounty program that has a higher reward at stake, it sometimes frustrating and uncomfortable going through KYC verification and how much for airdrops. It boils down to how is conscious about his/her private personal information.

[Apes]

they do KYC using false identities. they do simply by collecting the penny with the reveral or multiple account method. the whole penny if collected will be many. some of them are actually scaming fake identties. so guess who is really stupid now.
or they were just a kids who are searching penny for snacks. they can use anyone's identity without thinking about the impact.

[Crypdon]

It's only worth doing KYC for good bounties and for signing up on good quality exchanges like coinbase. Otherwise, giving up your ID for a few pennies is not worth the risk, considering they can sell it on the black market to drug dealers or worse

[richminded]

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 don’t participate on any free token ads because i know its just a waste of time, and its too risky to give your personal identity for a no value token. I also believe on hard work so if you want to have more money then you have to work on it, don’t depend on any free in this cryptoworld the best money can be earn through hard work.

[Huskarls]

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?

yes maybe they already know the risks they will face but I guess they also won't think too much about it. They might think "Who will use identity for criminal matters especially in international class?"

I think the problem is when you used your identity to your own country's project. Our own people often to missused it

[beckspace]

Almost for every bounty and airdrop they want KYC. It's not worth KYC for penny money. When we imagine what they can do with our identity data, it is possible to big problems. In addition not only the identification is requested, but  the address documents, telephone and so on. as.  So, all that's needed for what? KYC may be only be for investors, never for bounty rewards.

[shoreno]

its not pennny that you will be earning on an airdrop/bounty especially if they will require a kyc  . i stumbled upon different legit bounties and they are all promising but requires a kyc . i bet they are all worth it but the problem is that i cant do a kyc because kyc seems strict when it comes to id  requirements . while i have joined alot of projects before without kyc's and i dont earn even penny on them because they dont have a value  . the coins dont get listed on an exchange  . shocks ,

[Distinctin]

Almost for every bounty and airdrop they want KYC. It's not worth KYC for penny money. When we imagine what they can do with our identity data, it is possible to big problems. In addition not only the identification is requested, but  the address documents, telephone and so on. as.  So, all that's needed for what? KYC may be only be for investors, never for bounty rewards.

Unfortunately most of the bounty now requires KYC.
And because of this, those bounty hunters who really want to earn money are force to comply without anymore thinking that they are risking
their identity by giving their real information. Things should change, if a certain exchange that is reputable would require, then maybe that is acceptable.

[umbara ardian]

Almost for every bounty and airdrop they want KYC. It's not worth KYC for penny money. When we imagine what they can do with our identity data, it is possible to big problems. In addition not only the identification is requested, but  the address documents, telephone and so on. as.  So, all that's needed for what? KYC may be only be for investors, never for bounty rewards.

It is true that the existence of KYC can provide a solution to avoid bounty campaign and airdrop participants so that they do not cheat so that the distribution of bounty campaigns becomes more fair. but from that condition it can also make your identity dangerous because they certainly know your privacy.

[darklus123]

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.

Then this could be a real big problem. If it is really proven that this certain people uses other person's identity then whoever owns the personal information is  currently at risk.

This is quite not possible tho to trick or give other person's info since if we do talk about KYC protocol it requires users to upload or scan their government's valid ID.


If you are avoiding them I am doing differently, I usually tell them to stop it or you might become a target of identity thief it is better to still do something and warn any possible victims

[Tylev]

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 don’t understand why anyone would require a KYC check for those to whom they distribute their several tokens for free. This is nonsense on the verge of absurdity. In my opinion, this has long since surpassed common sense. In any case, it is impossible to explain such actions with the help of logic, the most logical is that people who give their few tokens hunt for the confidential data of others.