i'm aware to do kyc on Crypto project

[Shorkarjakir0000]

 Many of the crypto Trading platfrom and other such as IDO platfrom required KYC for full access to their service. it'a not a big issue to do it. but, sometimes this type of project get down. On this sisuation they are able to sell our information on Dark web or other Agencies. also, if our goverment force them to share personal information i think they might be ready to share. so, it's hard to get full access from a KYC required project.

SO, last things is don't do KYC every time if it's not neceserry...

[OmegaStarScream]

Arent IDOs made on exchanges like Bybit, and Kucoin? Although I know some of them require identity verification (probably to make sure that no one is cheating the system) I don't believe that the data is shared with the projects.

Now if you're referring to other platforms, then it's probably better to stick to exchanges you already have an account with. You don't want to just submit your documents to every platform out there. Besides, any big project will more than likely end up in one of these exchanges.

But if you're concerned about your identity (and you should be) then it's probably best to avoid KYC platforms alltogether..

[Helena Yu]

The best is never KYC in any platform especially you who're live in Bangladesh where Bitcoin is illegal on there, as you said above those project are ready to share with government, what if they know if their citizen are associated with Bitcoin? you broke your country law, better to check the punishment about that rule.

Privacy is important, you can use Bisq to trade without KYC.

[un_rank]

Arent IDOs made on exchanges like Bybit, and Kucoin? Although I know some of them require identity verification (probably to make sure that no one is cheating the system) I don't believe that the data is shared with the projects.

You still cannot trust Kucoin or Bybit with your personal information. They may not share it with the projects can share it with some other third party who could use it for nefarious purposes.

The best is never KYC in any platform especially you who're live in Bangladesh where Bitcoin is illegal on there, as you said above those project are ready to share with government...

Even if you live where Bitcoin is legal you should be aware that such laws change quickly and you cannot unshare your privacy.

- Jay -

[mk4]

My rule is to pretty much only submit AML/KYC when totally necessary. If my memory serves me right, the only crypto-related platform that I submitted AML/KYC is Binance simply because I really need(liquidity is quite high) their P2P platform.

IDO platforms though? I can live without 'em. I'd rather buy the shitcoins on DEX platforms.

[Lida93]

Generally nobody likes to undergo kyc but it's the urgency and necessity of the project that makes us give out our details granting us access to now be able to make use of such project. But if you feel you can't give out your details then there are alternative exchange with no kyc requirements, it all depends on what you're looking for and from which you can get what you're in need of.
When dealing with exchanges be sure to make use of exchanges with good reputation over the years, in the crypto industry reputation is an essential commodity that every crypto user should be interested in about an exchange before going on to register with it. For an exchange like binance even though been a Cex, owing to their reputation I doubt it's in the business of selling out customer's details to some dark web.

[Nheer]

It’s probably not safe on to do kyc on every platform you come across rather just stick with reputable platforms that we know would last for some time. I only settle for platforms that have good reputation and is well used by alot of people rather than a new platform which may offer lesser fees and other enticing offers and services just to lure more customers to utilize their platforms. Let’s be careful how we give out our information on different platforms.

[Egii Nna]

You do have a point, however in order to succeed in life, one must take risks. However, one must always choose their risks carefully. Anyhow, KYC (know your customer) verification means that the cryptocurrency exchange or platform may be exposed to your personal identification and transactions. If you are not watchful and careful, you may end up using a platform without adequate security measures, which leaves your personal information open to unauthorised access.
My recommendation is that you should pick a trustworthy cryptocurrency exchange or platform that has robust security procedures and a reputation for protecting user data and, if practical, utilise additional security measures like two-factor authentication in order to reduce this risk.

[Rikafip]

Arent IDOs made on exchanges like Bybit, and Kucoin?

There are also so called "launchapds" like (for example Enjinstarter, BSCPad etc) where majority of altcoin projects usually conduct their IDOs.

My rule is to pretty much only submit AML/KYC when totally necessary. If my memory serves me right, the only crypto-related platform that I submitted AML/KYC is Binance simply because I really need(liquidity is quite high) their P2P platform.

Same here, I only went through KYC on Binance and it was only because I had to do it. What happened is that I lost access to 2FA (my phone suddendly died) while I couldn't find recovery code and it happened at the worst possible moment as I just sent some crypto there so it was either to forget about the money or go through KYC and I opted for latter as the amount was quite big.

[Awaklara]

 Many of the crypto Trading platfrom and other such as IDO platfrom required KYC for full access to their service. it'a not a big issue to do it. but, sometimes this type of project get down. On this sisuation they are able to sell our information on Dark web or other Agencies. also, if our goverment force them to share personal information i think they might be ready to share. so, it's hard to get full access from a KYC required project.

SO, last things is don't do KYC every time if it's not neceserry...

if you have concerns regarding your privacy data, it is better to stay away from KYC wherever you access the platform. but if indeed you are required to do KYC for a trading platform or something else, of course, you have to verify that the platform is indeed reputable.
as for the IDO project, the KYC request is related to their launch platform. I don't know if the project personally asks for KYC documents before their product goes live. but if there is something like that, you better be careful and more serious about researching the project.

[Oneandpure]

if you have concerns regarding your privacy data, it is better to stay away from KYC wherever you access the platform. but if indeed you are required to do KYC for a trading platform or something else, of course, you have to verify that the platform is indeed reputable.
as for the IDO project, the KYC request is related to their launch platform. I don't know if the project personally asks for KYC documents before their product goes live. but if there is something like that, you better be careful and more serious about researching the project.

Seems difficult if aware for exposing data trough KYC in exchange account for investing in cryptocurrency, all exchange required with KYC and some new project launchpad trough IDO required for KYC. Personally I don't get problem with exchange market required for KYC and need to submit our ID but with new project and not popular yet I don't agree for submitting my document ID. Right now not only with participating in IDO required for KYC but also many kinds of airdrop project need to us to expose or submit ID document if want get airdrop reward, you will miss receive coins reward if not pass KYC.

Can't denied with new rule for uploading document ID trough KYC because want to trade or withdraw fund in exchange market account required for KYC.

[tabas]

Many of the crypto Trading platfrom and other such as IDO platfrom required KYC for full access to their service. it'a not a big issue to do it. but, sometimes this type of project get down. On this sisuation they are able to sell our information on Dark web or other Agencies.

It is a big issue and that's why because of what you've said in the latter. And if you think that it's not a big issue to pass on with that, for the most as much as you can issue it's a matter of concern.

also, if our goverment force them to share personal information i think they might be ready to share. so, it's hard to get full access from a KYC required project.

SO, last things is don't do KYC every time if it's not neceserry...

If the government steps in and that exchange or project is registered, they have to comply what's being asked on them. This has happened several times in the US and I think in some other countries as well. It's not just all about the projects that we're complying for KYC but also in many exchanges where we're sending our IDs and as well as for the casinos that might ask for it. If you don't want to comply for it, much better to choose wisely the platforms that you're using.

[Abu-Naim]

 Many of the crypto Trading platfrom and other such as IDO platfrom required KYC for full access to their service. it'a not a big issue to do it. but, sometimes this type of project get down. On this sisuation they are able to sell our information on Dark web or other Agencies. also, if our goverment force them to share personal information i think they might be ready to share. so, it's hard to get full access from a KYC required project.

SO, last things is don't do KYC every time if it's not neceserry...

These IDO platforms are not worth your personal details for KYC sake because they are not to be trusted; even exchanges that have some reputations are not worth submitting our personal details for KYC because doing KYC is your choice and not necessary since there are other exchanges that can offer you such services without doing KYC.

@Ratimov provided us with list of exchanges that can offer us services without KYC HERE

[noorman0]

Arent IDOs made on exchanges like Bybit, and Kucoin? Although I know some of them require identity verification (probably to make sure that no one is cheating the system) I don't believe that the data is shared with the projects.

IDOs are usually held on DEXs (hence the name), but instead they often accept new tokens subject to regulations. Even though requesting KYC is actually contradictory, I saw many IDO platforms implementing that requirement during the popularity of defi projects. In the end, there is no difference between IEO and IDO, only there are no locked tokens on your purchases.

[EL MOHA]

My recommendation is that you should pick a trustworthy cryptocurrency exchange or platform that has robust security procedures and a reputation for protecting user data and, if practical, utilise additional security measures like two-factor authentication in order to reduce this risk.

Almost every platform even the centralized ones definitely set out to be a trustworthy one, they would say that they wouldn’t give out your information out but that is by the way except some circumstances faces them. The issue of KYC leak is not something two-factor verification can solve but rather something it is scary in the sense that the platform could give them out base on government requests or the most common and scary one is when there is a data breach, the hackers get full access to your information and could use it to get to you not only on that platform but probably some where else. And this isn’t something that two factor authentication can solve, so ones you do a KYC just be hopeful and be extra cautious on some mails you receive

[Cookdata]

 Many of the crypto Trading platfrom and other such as IDO platfrom required KYC for full access to their service. it'a not a big issue to do it. but, sometimes this type of project get down. On this sisuation they are able to sell our information on Dark web or other Agencies. also, if our goverment force them to share personal information i think they might be ready to share. so, it's hard to get full access from a KYC required project.

SO, last things is don't do KYC every time if it's not neceserry...

I thought IDO meant Initial decentralized offering, what is coming over these guys these days or is Defi now Cefi. People were neglecting IEO back then because of the KYC issues and then people came up with the idea of IDO, some investors that value privacy started having the advantage of getting earlier to this project public sale through a mechanism and policy but it strange that they now request for KYC, this is really bad or perhaps this is the reality of bear market to reduce participants.

It is not a must that you will have to partake in IDO, if they insist, kindly allow them to do their things, it's even difficult to get high returns on the new project they sell, they don't have any returns, and the max you can get is 2x or you may get dump on if the project is not worth it.

[avp2306]

 Many of the crypto Trading platfrom and other such as IDO platfrom required KYC for full access to their service. it'a not a big issue to do it. but, sometimes this type of project get down. On this sisuation they are able to sell our information on Dark web or other Agencies. also, if our goverment force them to share personal information i think they might be ready to share. so, it's hard to get full access from a KYC required project.

SO, last things is don't do KYC every time if it's not neceserry...

Many aware about the risk so most of the people make sure that they are going unto legit platforms and never risk on exchange where they don't know if legit or not since maybe they can really encounter that problem about selling their identities anywhere.
We should never give our identity easily and we need to see if the platform ask has a credibility also don't have any identity leaking issue so that we can assure our safety with them.

[lovesmayfamilis]

OP, you write that filing KYC is not a problem for you. If you look at your history, then you probably showed your documents more than once. But for some reason, I think that all the projects in which you participated, sooner or later, will not be anything important, and the developers will have no choice but to at least make money on the sale of your documents.
Have you ever thought about it? The honest word of those who say that your documents will not be shown to other people is not worth a dime. This is the Internet, where everything is bought and sold.

[348Judah]

Many of the crypto Trading platfrom and other such as IDO platfrom required KYC for full access to their service. it'a not a big issue to do it. but, sometimes this type of project get down. On this sisuation they are able to sell our information on Dark web or other Agencies.

As long as you're using a centralized crypto platform, expect anything to happen from them regarding your information given to them, if you think you have the mindset to protect your own privacy then you can stay clear away from them because they cannot be predictable, also don't present any information of yourself  on any platform as part of KYC requirements if you think you can't afford to risk them been used against you any time, especially the sensitive ones.

also, if our goverment force them to share personal information i think they might be ready to share. so, it's hard to get full access from a KYC required project.

Government can demand for anything from them as long as they are centralized and regulated, they are subjected to government regulations, law and authority.

[hd49728]

Many of the crypto Trading platfrom and other such as IDO platfrom required KYC for full access to their service. it'a not a big issue to do it.

It's big issue because of Why KYC is extremely dangerous – and useless

but, sometimes this type of project get down.

It is another big problem which is harder to see. Why do you need to KYC to buy shitcoins when eggs have yet become scam chickens? You want to take risk earlier than others and have to accept KYC, if you are ready, do it but I don't do it, never do it.

On this sisuation they are able to sell our information on Dark web or other Agencies.

KYCing means you accept to lose all documents you submit to more people, not people on the platform you submit those documents.