Altcoins Talks - Cryptocurrency Forum
Archive => Sorting Box => Topic started by: Domithra on May 30, 2018, 11:00:01 AM
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Well, KYC is good especially when the project has proven beyond reasonable doubts to be successful. It is a requirement that has been implemented by the authorities of many countries in other to eliminate the issue of money laundering and the funding of terrorists. Anyway, investors must do an intense study into the project to ascertain that their identities will be protected and be used for only verification purposes as stated by the KYC rules.
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KYC is helpful to avoid errors when token sales. there are countries that reject crypto so that the people of that country are banned from participating in ICO sales. in terms of bounty kyc very help reduce cheating like multi account.
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KYC is really a good thing for those investing in the coin. FOr we the bounty hunters I think its not good for us as pair what we are doing because we need anonymity.
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Kyc is just an act of identification of the investors specially the big orders, however bounty hunters should have a freedom not to undergo in kyc because we are just a simple bounty hunters and not an investor. Even though somehow kyc is a good way of identification but it should be announced at the beginning of the campaign.
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And KYC (know your customers), is a standard business practice globally. It’s a requirement from industry regulations to protect all stakeholders within the industry and its in the best business interest of any investment firm or investor, especially if there is a lot of money at stake.
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although kyc is a good idea and can be trusted that any projects that asking kyc can be successful still it is also risky to trust your private info to others but as a participant if you really like the project it doesn't matter
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KYC is legal. In fasct it is a good move to know the costumer's from different places. The identity of individuals must be record.
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I respect those project or bounty campaign with KYC application needed , maybe it was their way of inspecting each applicants , even though its a bit hassle but if you want to be part of it then accept their way.
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Bounty rules is bounty rules. The manager's decision is final. If we are just a bounty hunter then we are just a simple person that must follow the rules. I hope that kyc will not be use in the future to use one identity for illegal purposes.
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KYC is a good thing. I'd rather see even stricter rules applied to participants to ensure actual quality exposure for the project. Right now so many projects suffer from endless spam on for example Reddit or Twitter. Have you read the replies? Shameful and I don't understand why those replies still get any rewards.
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I don't like KYC, but there's nothing I can do about it. I'm afraid my data will go to the crooks.
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I don't have a problem with kyc because it really gives assurance to both investors and bounty hunters, what I don't like it is announce after the end of the campaign. Such manners are really irritating from the side of hunters to the team.
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KYC is helpful because some people has two or more accounts in forum that's why KYC is helpful to avoid double payment in one person.
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KYC is helpful because some people has two or more accounts in forum that's why KYC is helpful to avoid double payment in one person.
I really appreciated about the project which required KYC because this will serve as the measure to avoid cheating in each account. With KYC each bounty participants will be truly identified if they are the true owner of accounts entry.
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Of course its a big yes KYC is the most important in any transactions what you want because KYC is to identify your background and be trusted in your own life especially this kind of business to avoid terrorist can joined.
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Kyc for some is a nuisance but an ICO may want to have a stricter kyc procedure to make a good impression and have it easier with the authorities who are at never ending lookout for money laundring and the like which is pathethic IMHO but they know better
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Kyc is just an act of identification of the investors specially the big orders, however bounty hunters should have a freedom not to undergo in kyc because we are just a simple bounty hunters and not an investor. Even though somehow kyc is a good way of identification but it should be announced at the beginning of the campaign.
Hi mate, I think KYC should have for everyone. As you know that bounty hunter is also an indirect investor. Bounty hunter giving their time to advertising to bring investor. So, they are also earning money to invest in the project. They can also take profit from the coin as like as an investor. So, I think bounty hunter should have the same value as an investor to the project. and KYC is really a good process to avoid any error or issue of money laundering and the funding of terrorists. We should support KYC.
Thanks.
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KYC is helpful because some people has two or more accounts in forum that's why KYC is helpful to avoid double payment in one person.
I saw ads where people offered help in passing the KYC. I am sure that cheaters will always find a way out.
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I really have doubt in KYC requirement! It's quite dangerous for an ordinary people to just provide his complete identity to the group of people he does know at all. For me, bounty hunters should avoid such project because, identity is much precious than any token that they can give to us. Identity theft is rampant today in our world, we must take extra precaution in given our details to strangers, especially that this community is in international level.
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Well, KYC is good especially when the project has proven beyond reasonable doubts to be successful. It is a requirement that has been implemented by the authorities of many countries in other to eliminate the issue of money laundering and the funding of terrorists. Anyway, investors must do an intense study into the project to ascertain that their identities will be protected and be used for only verification purposes as stated by the KYC rules.
No matter how much we study the ICO project, there will still be a certain degree of probability that the new project will be fraudulent. Therefore, I have always been against conducting KYC on bounty hunters. In addition, I consider it illegal in relation to bounty hunters, as KYC should only be carried out for the purpose of preventing dirty money laundering and combating the financing of terrorism.
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I really don't like KYC...
privacy is a very important thing and must be protected, the implementation of KYC will only expose the user's personal data, but if the provider can guarantee the security of KYC data then I will be ready to follow these rules.
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When I am following bounties, I avoid joining a bounty that requires the participants the KYC procedure. I think it is not suitable for bounty hunters. The KYC procedure is only for investors and doesn't need to be applied for hunters. This is instead just suspicious like a sign to steal the hunter's identities.
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For some projects, KYC is required to comply with Token-Sale's regulations and at the same time track the effectiveness of the marketing campaigns.
For bounty: KYC campaigns is the biggest nonsense I've ever faced. It should be scrapped because hunters will not complete the KYC just to get a few USD worth of tokens.
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Well, KYC is good especially when the project has proven beyond reasonable doubts to be successful. It is a requirement that has been implemented by the authorities of many countries in other to eliminate the issue of money laundering and the funding of terrorists. Anyway, investors must do an intense study into the project to ascertain that their identities will be protected and be used for only verification purposes as stated by the KYC rules.
Actually its a rule from the government so that project member must bond to maintain KYC system from investors. So if anybody want to make investment must have to fillup KYC. But i think no government check KYC, its only a procedure nothing else. Because there are different countries investors so particular government can not do any thing with their documents.
thanks.
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For some projects, KYC is required to comply with Token-Sale's regulations and at the same time track the effectiveness of the marketing campaigns.
For bounty: KYC campaigns is the biggest nonsense I've ever faced. It should be scrapped because hunters will not complete the KYC just to get a few USD worth of tokens.
KYC should not be used to track the effectiveness of marketing campaigns. It can only be carried out for the purpose of preventing money laundering and combating the financing of terrorism. It is illegal to use it for other purposes. In general, KYC is a violation of the right to privacy of every person and therefore such a violation can only be for a certain permitted purpose and cannot be arbitrarily applied.
KYC against bounty hunters is illegal, since we do not fund ICO projects, but only provide the agreed advertising services for this project.
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When I am following bounties, I avoid joining a bounty that requires the participants the KYC procedure. I think it is not suitable for bounty hunters. The KYC procedure is only for investors and doesn't need to be applied for hunters. This is instead just suspicious like a sign to steal the hunter's identities.
Its because that KYC process only for investors. Its ridiculous to see a bounty or airdrop conducting some sort of kyc. Like do they even fund the tokens? Not and thats not appropriate to implement. There are cases that good projects have kyc but of course you need to make sure you are giving it to a good company.
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If KYC requirements are coming from the legitimate platforms which are required by the governments for its effort to curve the anti-money laundering problems then it is good. but if the platform is not legit or shady I think KYC is not good because it might end our data in the wrong hands.
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I think it's the opposite. With this KYC, we have to be more vigilant. I am worried that the data provided will be misused. Therefore, I prefer projects without KYC. because it is safer in my opinion.
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KYC will be very helpful if it stays in the right corridor. I feel a little unfair when discussing KYC, why are only investors and bounty hunters needed for KYC? Supposedly, the CEO and the team of one of the new projects that are currently conducting ICO or IEO are also required to do KYC.
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Within the fast changing digital space where users, companies, and financial institutions interact together, there’s a need to preserve users’ data. Data protection is inherent within the blockchain, as well as the implementation of innovative solutions for financial institutions banks or new bounty projects concerned with digital identity.
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Well, KYC is good especially when the project has proven beyond reasonable doubts to be successful. It is a requirement that has been implemented by the authorities of many countries in other to eliminate the issue of money laundering and the funding of terrorists. Anyway, investors must do an intense study into the project to ascertain that their identities will be protected and be used for only verification purposes as stated by the KYC rules.
In my own little way, KYC must suppose to be applicable only for the investors who will join in every project ico.
But for the bounty hunters, it shouldn't apply, because they're the main reason why the project become successful most of the time.
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Some illegal projects ask kyc which is very much dangerous and risky. A few days ago CLIPX project ask kyc from investors and bounty Hunters. We all provided our personal information and database but alas they flewed away from website and all others social networks media. I think kyc is very dangerous.
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Well it's okay for me requiring kyc those investors but in the bounty campaign I'm not okay requiring kyc because we just earn a little reward, the allocation for bounty is just small you know.
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KYC is important to weed out scammers and thieves. That being said, a lot of scammy projects like ClipX recently now steal bounty hunter's identities for dubious means
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I don't think kyc is as good as it is now with more scams through kyc and the quality of bounty campaigns is declining a lot by doing kyc they use our personal information for other purposes in which case it is better for all of us to stay away from kyc. This will reduce the number of scammers there will be no barriers to transactions.
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I don't think kyc is as good as it is now with more scams through kyc and the quality of bounty campaigns is declining a lot by doing kyc they use our personal information for other purposes in which case it is better for all of us to stay away from kyc. This will reduce the number of scammers there will be no barriers to transactions.
From the first time Kyc began to be applied, many had no sympathy because it was too open to take people's data without us knowing who needed it and for what, but the development was that Kyc was widely used by those who were looking for profit because many did not want to participate if there was Kyc but at the beginning it was not said But when the end of the project was compulsory Kyc were so many resigned and that was the opportunity they were looking for.
for now it is not recommended to join the bounty if it requires kyc because now there are many fraudulent bounties.
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I think KYC is a really good thing; However, that does not apply to bounty hunters. Bounty hunters work on the promotion of the project for a very short time, they sell the tokens as a reward. But I think it is really important for investors to have KYC, because they will keep their assets there for a long time; It has requirements to protect their assets.
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KYC Process is not 100℅ safe. Because somehow, your identity is vulnerable to use by unknown person. You are completely incontrolled of your identification once submitted to unreliable one. However, if the project promise the security and they are really honest to their words. I think, we should try the process so that they will know who we are and where we come from.
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Kyc is good if am asked, but it depends on who we are sending this personal files and data to, it helps to prevent fraud but we must be very watchful as to who we send and how this documents are stored and managed
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In order to develop any project and increase the popularity of the project, people have to believe that the project is good. Different types of documents are needed to prove it. As I think kyc is one of them. Because any project has rules for kyc, then that project people believe more. Because if the national identity card is given in the data entries. Then people are able to believe that real company. So I think the issue is good for the development of any project.
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Kyc is really helpful to avoid spamming as well their is low amount of error we see in tokens sale as well as in other activities .
Recently a project named ( relevant ) they offer a good coin Via airdop but alot of user make fake account ( even more than 10 ) . If they implement kyc process then their will not any problems like this.
Sow kyc having its advantages as well disadvantages also .
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Yes. KYC is good, at least to reduce the risk of identify theft, money laundering, financial fraud, and the financing of criminal organizations. KYC helps manage risks and helps to understand customer behaviors. Projects asking for KYC meant well for all participants, and it shows the determination of the project team to deliver a successful campaign.
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yes..
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In my own little way, KYC must suppose to be applicable only for the investors who will join in every project ico.
But for the bounty hunters, it shouldn't apply, because they're the main reason why the project become successful most of the time.
That's right, I support that hunters shouldn't need to do KYC...
investors are those who are generally directly involved with the project, only they who must do KYC.
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del
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Do not forget that KYC should be carried out only for the purpose of preventing money laundering and combating the financing of terrorism. Bounty hunters, participating in bounty campaigns, do not invest their money and therefore it is illegal to apply KYC to them.
In addition, most ICO teams are not able to ensure the security of storage of collected confidential information and generally do not know what to do with it next, where and how to store it. It is very dangerous. Only government agencies should have the right to collect such information; various temporary teams should not have this right.
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It depends on the purpose of kyc and if the said project is worth it. I have nothing against kyc personally but most of my friends don't want anything to do with projects requesting for personal details. Most times kyc get introduced cause of abuse and multiple account spamming which is quite understandable. It is always right to introduce kyc at the beginning of any project agreement or campaign not towards the end or at the end.
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AFAIK, KYC will be never a good thing. How can we say it as a good thing when we sent them very important data of ours to the unknown people. We may worry about the security of the data, where they probably use it for untrusted and irresponsible goals. So, if you are joining such a project and they need KYC, it is better to ensure that they are legit, not a scam, and also guarantee the data security
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For some projects, KYC is required to comply with Token-Sale's regulations and at the same time track the effectiveness of the marketing campaigns.
For bounty: KYC campaigns is the biggest nonsense I've ever faced. It should be scrapped because hunters will not complete the KYC just to get a few USD worth of tokens.
I think KYC ought to have for everybody. As you know that bounty seeker is additionally an financial specialist. Bounty hunter giving their time to publicizing to bring speculator. So, they are too earning money to contribute within the project also.
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Honestly, I never think that KYC is a good thing. Why we must do KYC procedure, it gives our secret data to unknown people in crypto space. I think as long as we can avoid KYC procedure, it is better to not follow KYC procedure. It is very risky and not true to do for crypto bounty especially.
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Now, I will never say that KYC is a good thing if we really don;t know the project. It is too risky to give our ID details into someone that w really don't know there. Many cases of scammer use ourdata to decieve and also be sold in the black amrket.
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I prefer to avoid KYC. I don't want people sell my data. I usually do bounties, I just choose bounties that don't require KYC. If there are bounties to require KYC, I try to avoid them. We mustn't take ourselves in a too risky bussiness, we are in the internet space, we don't really know what the projects are. So, the best way is too choose a safe way.
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well, it's better to keep your privacy well because so far as I know there are several identities of people whose results from KYC are leaked to dark web, meaning that identity is sold and used for crimes without your knowledge.
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I am not really a fan of KYC not because I don't like things to be done in the proper way but because I cannot trust any of these projects and their way of handling things, many of these project will appear to be legit from the beginning but end up a total mess after investors have submitted their KYC. In my suggestion, I would have prefer that the team ask people in those countries that are under restriction from investing into crypto to do KYC rather than ask everyone to do KYC. I don't think I can give out my details for some sales.
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I think it is better to do KYC for the safety of investors' money; However, participants in the bounty campaign do not need KYC, because they receive a small portion of the project as a reward, most of which they sell as soon as they receive it. However, investors need to keep an eye on the information provided for KYC.
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I don't think kyc is good for users doing bounty activity. many projects are just a failure and collecting kyc might be use for their illegal activity. if your doing it with banks and other financial institution within the jurisdiction of government authority then you are good to go.
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Well, with the presence of KYC, it can minimize the possible fraud that may occur and be committed by many people, but there is a risk as well because your identity can be traded to several places that sell people's identities and can be used for other crimes.
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Well, KYC is good especially when the project has proven beyond reasonable doubts to be successful. It is a requirement that has been implemented by the authorities of many countries in other to eliminate the issue of money laundering and the funding of terrorists. Anyway, investors must do an intense study into the project to ascertain that their identities will be protected and be used for only verification purposes as stated by the KYC rules.
Thank you very much to write such an important matters. Every exchange requires KYC but is really a security concern for the investors. It becomes more risky for the bounty hunters when payment is obligatory to a specific exchange where KYC is compulsory. The hunters are bound to comply this requirement if they want to get their payment. So there has less opportunity to verify it. I think, it is very concern matter for all.
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Yeah right. The intention of asking the investors for kyc is good to prevent the presence of the anti-government but making bounty hunters involve in kyc became the asset of the scammers and so destroys the good intention of kyc.
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KYC bears the personal information which can be used in scamming or hacking. Again it can be used for the identification of the real person. So KYC is necessary for some cases as well as risky for sometimes. In such case everyone should justify the platform accurately whether it is safe or unsafe. KYC should not be disclosed in any unsafe place.
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Well, KYC is good especially when the project has proven beyond reasonable doubts to be successful. It is a requirement that has been implemented by the authorities of many countries in other to eliminate the issue of money laundering and the funding of terrorists. Anyway, investors must do an intense study into the project to ascertain that their identities will be protected and be used for only verification purposes as stated by the KYC rules.
Thank you very much to write such an important matters. Every exchange requires KYC but is really a security concern for the investors. It becomes more risky for the bounty hunters when payment is obligatory to a specific exchange where KYC is compulsory. The hunters are bound to comply this requirement if they want to get their payment. So there has less opportunity to verify it. I think, it is very concern matter for all.
You here have mixed together investing in cryptocurrency for the purpose of laundering dirty money and financing terrorist organizations using cryptocurrency with the work of bounty hunters, whom the ICO team themselves pay with their tokens for services rendered. KYC for bounty hunters is generally absurd, because we do not invest our money in ICOs, and therefore cannot commit these illegal actions. Therefore, it is illegal to require us to undergo KYC.
You also confused the work of exchanges and ICO teams here. In some cases, exchanges have the right to demand the passage of KYC from their clients, but the ICO operates on completely different legal grounds, and most often without any legal basis.
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I think KYC is good for trusted exchange but careful from airdrops kyc lot airdrop scam i think you understand brother.
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KYC is not an effective formality. If you need a full-fledged verification, it should happen 1 on 1 with a person via video link. Now you can buy a lot of documents on the Internet.
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If done for the right reasons, it is definitely a good idea to ensure checks are put in place to forestall fraud, money laundering and funding for terrorist organisations. However, these days, some unscrupulous elements have hijacked the process and are using submitted documents for the wrong reasons. Some have gone as far as selling these documents on the dark Web for cheap gains. One has to be really careful when submitting KYC documents.
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I don't see any good thing about KYC in bounty hunters. crypto is known to be decentralize so why give to anyone our identity. I'm quite disappointed in kyc rule given by project managers but I can't do anything it's their project so they can impose whatever they want. I just don't want to join if I've known kyc in the first place.
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Uncompromised identify is your security of not getting involve with vices against the law. KYC is one step to possibility of stealing your identification. Just possible but not mean it always. In some cases kyc is necessary to abide in the rules and law with accordance to sovereignty.
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KYC is actually a good thing because it can help remove fraud and help in catching the scam project, and also bring transparency to the crypto project.
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It all depends on which of the project you are completing KyC for. One news to be careful not to give out documents to harmful projects. If you are not comfortable with it leave it
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It's advisable for users to carry out due diligence before releasing their personal details on any platform, especially with the increase in fake and scammy projects in the crypto space. Many fake projects spring up just to take people's funds and personal information after which they disappear suddenly.
For me, I can't release my KYC because of airdrop while most of the supposed project developers are anonymous.
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KYC is really need for those who are creating new account in any exchange or any kind of business platform. The business owner have to know the Clint information. This is very much necessary. But in some causes Kyc is not good especially for bounty hunters. Now a days kyc prove negativity in most causes because scammer are collect information by kyc.
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Well, KYC is good especially when the project has proven beyond reasonable doubts to be successful. It is a requirement that has been implemented by the authorities of many countries in other to eliminate the issue of money laundering and the funding of terrorists. Anyway, investors must do an intense study into the project to ascertain that their identities will be protected and be used for only verification purposes as stated by the KYC rules.
I think that KYC is very helpful for detecting fraud and verifying that investors involved in a project are "real" and can be held responsible if the government asks for data from investors involved in the project. But the problem is, someone's identity can be bought and sold at this time, so I think only give your personal information to platforms that really have regulations that protect the privacy and data of users.
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For me, KYC is not very good. I am afraid that the data I provide is not safe. And will do my own harm. And I think many think so too. unless there is a guarantee the data will be safe. And I feel that in this online world it will never be completely secure.
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KYC is actually a good tool projects use to verify the authenticity of users or investors. However, that being said, it is now a bad tool where projects steals users identify for their own shady usage
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Kyc is a good process of identifying cheating but some cheaters also rules for kyc... Kingcasino, clipx and others
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KYC can be a good thing or a bad thing depending on the motives of requesting it. Indeed it is good to reduce fraud and money laundering including minimizing multiple accounts being used for bounty campaigns but it can also be very dangerous if you submit your personal data to fraudulent projects as it can be used for bad intents. Hence we all ought to be very vigilant and do some thorough due diligence before giving your data carelessly online.
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I don't think authentication with more frauds through authentication is as good as it is right now, and the quality of reward campaigns by authentication is very low, they use our personal information for other purposes, so stay away from better authentication for all of us. This will reduce the number of scammers and there will be no barriers to transactions.
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No, it is not. It even contravene the initial idea and tenet of cryptocurrency. Many people have harvested innocent people ID documents and put them for sale in the dark market
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As far as it is making crypto more compliant, helping in adoption and making it legal across the world then im afraid we have to support it. It is like taking a bitter pill because it is against the basic anonymous concept of crypto but seems like we have to compromise a little.
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KYC is a good thing to ensure that the person is the right one, not for money laundering, not for crimes, and also trusted people to use in the exchanges and also certain projects. however here, it is very risky because we can be scammed and our data are sold. That is why ensure that the choice of the projects and exchanges are the most trusted one
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I think it is better to be avoided, bro. KYC is better for investors only, why hunters need to pass the KYC process? I think it is not needed. Hunters only help in promotion and they are not a part of the project. So, why they must do KYC? It only leads to a harmful thing, and risks for the chance for selling the data to the illegal market.
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KYC needed for good projects, for more servicses. For example, when you registed and pass verification you get payment card
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Kyc( Know your consumer) a good system of determining scams, cheater and fuads but some projects allow kyc and after collecting information they already flewed away from website and others social networks.
Clipx
Kingcasino
1st trade
Coi carbon
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Nobody likes the idea of KYC. Especially in this space that decentralization is the principal motto, but in some cases, due to regulatory compliance of some of the blockchain projects, they will be compel into enforcing KYC compliance for their clients. This is more common with exchanges and projects that are originated from the EU.
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I don't like KYC, but there's nothing I can do about it. I'm afraid my data will go to the crooks.
Some cheaters and scammers several times stollen my personal information by named kyc. But at the finished they turned into the scammers.
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And why do many argue that the КУС procedure is good? KУС for a bountist is evil because he has to pay with his documents for a cheap reward.
Вountist do not invest their money in any projects and, moreover, do not launder them, so the procedure for verifying their identity should not concern them.
People who have 2 or more accounts can easily pass the КУС with other people's documents, which are freely sold on the Internet.
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Good or not it depends on the company that provides the KYC. But mostly it has big risks, so it is better to avoid KYC if it is not needed. I don't think KYC is a good way to grab the data, should be other ways that deserve to try. For bounty hunters, KYC is not needed, so it just wastes the time to pass KYC and risks the data.
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There are project that worth for kyc but if it isn't you're just exposing yourself to a possible threat of scammers. Mostky the victims here are the bounty hunters.
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KYC is a verification for data security. But unfortunately the KYC stuff is sometimes too complicated, so many people don't like filling it out. I myself also often skip KYC with too many and complicated data entries.
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This is sad, scam projects are requiring participants to submit kyc, this can be used in many crimes if landed on a wrong person. Participants will surely suffers in their private life.
But as OP stated, Yes this is good for the legitimate projects to protect both customers and the project itself for illegal activities such as money laundering and terrorists funding.
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If this KYC has a good system and is guaranteed to be safe, then I don't hesitate to use KYC. The list of data that needs to be filled in also differs. Some have to use a passport, some are only with an identity card. If you are in doubt you should avoid it. But if you are sure, what's wrong with KYC?
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I do not get involved in anything with KYC. New projects asking for your details yet do you know who is asking. Are they sending you their ID ?
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I don't understand why bounty companies are introducing KYC to receive tokens. What are our documents for if tokens are still worth nothing and are not traded anywhere? This is a violation of human rights. I can still agree that the KUS is needed for trading on the exchange, to prevent fraud, but in the bounty this is arbitrary
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KYC for hunters is just a clarification of each participants geographical locations. In other case just all about personal verification to determine bot users and scammers if possible. Whatever, I don't want to give my identity if not necessary. The future security means a lot than a price of money from unverified airdrop.
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I don't understand why bounty companies are introducing KUS to receive tokens. What are our documents for if tokens are still worth nothing and are not traded anywhere? This is a violation of human rights. I can still agree that the KUS is needed for trading on the exchange, to prevent fraud, but in the bounty this is arbitrary
Yes you right, we don't know where our data will be used by those platforms. Do they sell it or use it for something else? Who knows.
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Some illegal projects ask kyc which is very much dangerous and risky. A few days ago CLIPX project ask kyc from investors and bounty Hunters. We all provided our personal information and database but alas they flewed away from website and all others social networks media. I think kyc is very dangerous.
I support your suggestion!!! There are lots of scam projects that require KYC and they endup leaking ur data
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The KYC effort is very good for the security of each project. That is, the person who received the transaction money, how he got it, is able to save the information later. KYC of more projects are much more effective. However, some users do not feel comfortable in KYC.
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The KYC effort is very good for the security of each project. That is, the person who received the transaction money, how he got it, is able to save the information later. KYC of more projects are much more effective. However, some users do not feel comfortable in KYC.
Different perceptions about KYC can happen because not everyone wants to give their personal identity known to others. Moreover, those who ask us not to know, whether the existence of the institution or not, this obviously makes people afraid.
but on the one hand they ask for kyc with the aim that what is given does not fall on people who cannot be accounted for and the possibility of cheating can also occur.
both have arguments that are actually the same as true and we can not say that one is not good, it remains now whether we want to kyc or not, that's the last guideline.
But it is accustomed that Kyc is informed from the beginning, not when it is about to finish, it will be announced because it is clear that there is an intention to benefit ourselves.
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The KYC effort is very good for the security of each project. That is, the person who received the transaction money, how he got it, is able to save the information later. KYC of more projects are much more effective. However, some users do not feel comfortable in KYC.
If you think that KYC has a positive effect on the safety of a project, then tell me exactly how its safety will be increased if members of its team own our data? Where and for how long will our identification data be stored and what will happen next? No one has the answers to these questions, because KYC is illegal for bounty participants. According to the FATF recommendation of 06/21/2019, KYC can only be carried out for the purpose of preventing money laundering and combating the financing of terrorism and only for transactions over one thousand euros. No ICO team has been empowered to violate our privacy rights.
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Even the team promised not to use the details submitted we aren't sure if that will maintain.
The only problem of KYC for hunters or investors is the opportunity to use it in unknown illegal transaction. Apart from that I think nothing to follow.
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Never seen any reasonable usage of forcing to pass KYC in crypto. It ruins the whole idea of anonymous and yet transparent transactions.
As we have hundreds of exchanges, there is no reason to trade exactly on an exchange that asks to pass KYC. Same is with daily limits. Just divide your balances and trade on several exchanges. KYC in bounties does not help either.
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KYC is legal. In fasct it is a good move to know the costumer's from different places. The identity of individuals must be record.
KYC is legal, of course, but only zokonno in the case when the project itself is 100% legal. When the project team itself will pass KYC and will be legally responsible for the safety of your data. I do not know of such projects. At best, there is a profile in Linkedin. And it seems to me unnecessary to trust your documents to someone unknown.
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how do we know if the project is a success? and what if the project just appeared?
KYC is actually good and bad.
1. KYC is good for market verification such as BINANCE, BITREX, BITFOREX and market that have high trust.
2. KYC is not recommended to take part in any emerging project and bounties or airdrop. because new project appear and the bounty cannot be confirmed if they can be successful and our data is very vulnerable to being misused by scammer.
NOTE !! think longer if you want to KYC on a project.
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Just as a project requires KYC & Investors need also kyc. There are many countries whose crypto is illegal. They run out of scam projects and run away with a lot of money. If there have Kyc, their investor will become conscious. On the other hand I think Hunters don't need Kyc. Because, they are part of marketing in project, which is worldwide. If cryptocurrencies are illegal in any country, they will not be affected.
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KYC is really bad as well good in different different cases , their is some exchages who force their user to complete kyce inorder to used whole features their . I always trying to avoid KYC processer , because this isn't easy to give our personal information to anyone.
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If you want to invest in any cryptocurrency project, then I think kyc should be rather mandatory, because many countries prohibit any actions with cryptocurrencies and therefore cryptocurrency companies should see from which country you are from in order to avoid various risks, but with the bounty sphere, everything is already here different, of course I am against kyc for bounty companies.
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I don't think KYC is very important in any project. Because if the project is banned at the end of the campaign, then many users do not. That may have been forgotten. So I don't think the project KYC is an important solution. But KYC is a great thing in exchanges. KYC is very good for exchanges.
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I agree with the author, but there are also projects that do not collect enough money for the ICO, but KYC is collected from investors, as a result, the project curtailed its activities, and it is not clear where the documents went.
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I don't understand why bounty companies are introducing KYC to receive tokens. What are our documents for if tokens are still worth nothing and are not traded anywhere? This is a violation of human rights. I can still agree that the KUS is needed for trading on the exchange, to prevent fraud, but in the bounty this is arbitrary
I agree with you completely. We are not institutional investors, and it is not clear why we need to go through KYC. It is not known where our confidential data goes later and to whom it can be transferred.
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KYC is legal. In fasct it is a good move to know the costumer's from different places. The identity of individuals must be record.
KYC is legal, of course, but only zokonno in the case when the project itself is 100% legal. When the project team itself will pass KYC and will be legally responsible for the safety of your data. I do not know of such projects. At best, there is a profile in Linkedin. And it seems to me unnecessary to trust your documents to someone unknown.
For bounty hunters, KYC is completely illegal. According to the mandatory FATF recommendations, KYC should be carried out only for the purpose of preventing money laundering and combating the financing of terrorism. Its conduct for any other purpose is illegal, since it is a violation of citizens' rights to privacy. Bounty hunters do not invest their money, so they cannot be suspected of the above illegal activities. In addition, the FATF also established that KYC is carried out only in cases where the transaction amount exceeds one thousand euros.
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If we are really going to fulfill KYC, we must ensure that the platform or project to verify is really legal and trusted. Because we don't know them, we can't ensure whether they are trusted or not. We can't also ensure whether they will keep our data safe or not. or probably they are scammers that may sell our data in the black market. This is what we are afraid for from KYC
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Good or not it depends on the company that provides the KYC. But mostly it has big risks, so it is better to avoid KYC if it is not needed. I don't think KYC is a good way to grab the data, should be other ways that deserve to try. For bounty hunters, KYC is not needed, so it just wastes the time to pass KYC and risks the data.
it seems that KYC will not stop there will be tug-of-war and the pros and cons that will occur. I may somewhat agree with our friend that KYC is indeed very risky for providing data because no one can provide a solution if the requested data is not used properly. Moreover, for bounty hunters, I agree that it is better to avoid this because I cannot guarantee that you will get the best results.
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KYC is a good solution in exchanges and projects. However, many users do not like KYC. Because in the cryptocurrency market, some users don't think K is a very big advantage. So I think KYC is good, but so that can be done very conveniently.
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KYC is a good solution in exchanges and projects. However, many users do not like KYC. Because in the cryptocurrency market, some users don't think K is a very big advantage. So I think KYC is good, but so that can be done very conveniently.
For bounty hunters, KYC brings only one problem anyway. ICO teams used KYC very often in order not to fraudulently pay bounty hunters the tokens they earned. In addition, KYC in relation to bounty hunters is illegal, since we do not invest our money in the project, and therefore we cannot launder dirty money or finance terrorism, for which KYC should be carried out.
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For the investors yes! KYC is important to identify who it is. But for the bounty hunters like me, I think this must not be applied.
Because bounty hunters are the one who gives a big contribution for each project here in crypto space to promote it quickly. So, it is really better not to require them to submit KYC anyway, in my own opinion.
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This is a bad decision for ordinary cryptocurrency users and will not bring them any benefit. Only problem. KYC is required for regulatory authorities. It will really help them.
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I place a lot of importance on KYC. However, I never give priority to KYC at the end of a project campaign. Because I think it's extra trouble. So I don't support KYC very much. Because it is not possible to catch any user through blockchain transactions all over the world. So why would KYC be needed? However, KYC is convenient in exchanges.
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I place a lot of importance on KYC. However, I never give priority to KYC at the end of a project campaign. Because I think it's extra trouble. So I don't support KYC very much. Because it is not possible to catch any user through blockchain transactions all over the world. So why would KYC be needed? However, KYC is convenient in exchanges.
In my opinion, what you are saying that KYC is convenient in exchanges. can be proven because we can see their quality and there will be no fear that will occur.
However, it is something that we cannot avoid if a new project does not ask for KYC at the beginning but at the end of the project requires KYC. obviously this is a scam to get rid of most of the participants who don't want any KYC and I don't like the way.
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Actually KYC definitely a good requirement for the Authority. There are many countries of the world which are not allowed to invest or trade crypto currency. Due to those problems i think KYC is better. But now a day one another problem is scamming. There are many scammer use this advantage to collect investors information's. For this reasons some times KYC is not good at all.
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Not a fan of KYC, too many projects selling it right now it seems. I can understand the need for it from certain projects, but also the choice of others to not provide their details.
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I have a different opinion on this issue. And I think that this is just an excuse to learn more about the counterparty. And looking for sponsors of terrorism and other bad people is definitely not in this circle, it is very shallow for such things.
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Actually KYC definitely a good requirement for the Authority. There are many countries of the world which are not allowed to invest or trade crypto currency. Due to those problems i think KYC is better. But now a day one another problem is scamming. There are many scammer use this advantage to collect investors information's. For this reasons some times KYC is not good at all.
KYC can be used on exchanges and exchangers for transactions over one thousand euros or other amounts established by the state at the location of the exchange. In addition, KYC should only be used to prevent money laundering and counter terrorist financing. Bounty hunters do not invest their funds, so they should not go through KYC. It's illegal anyway.
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I personally think KYC has a very good advantage. As we know the crypto market and cryptocurrency exchanges got attacked by hackers often. That causes funds to lose and if our account has been KYC verified then it is very easy to retrieve it. Also, KYC gives better security for the platform and users.
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Kyc is a Really good thing only for heavy investors that company should know about investor's origion becuase in some countries investment in crypto is prohibted.For others like bounty hunters and small investors it is not suitable.some time due to kyc we can not participate in some good projects.
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kyc I think healthy is a solution. kyc required. KYC is important in any project. I think KYC is important for every project
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I think Kyc is a good idea. KYC is important for every exchange. When KYC is saved, the information of the person is saved.
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Yes kyc is good thing for project development. By this no fraud or fake bots setep in the project but kyc procedure needs to b simple.
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KYC will certainly keep scammers and rough elements away from participating in the project. It not only project investors but also increase their confidence in the project. As most legit crypto projects operated by big companies and they are legal entities registered, so verifying the identity of their clients is a standard procedure for them.
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KYC will certainly keep scammers and rough elements away from participating in the project. It not only project investors but also increase their confidence in the project. As most legit crypto projects operated by big companies and they are legal entities registered, so verifying the identity of their clients is a standard procedure for them.
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I don't like projects that require users to provide KYC because it is so risky. If our information is used by bad guys for other purposes, it is very difficult to know. that is really dangerous
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KYC will certainly keep scammers and rough elements away from participating in the project. It not only project investors but also increase their confidence in the project. As most legit crypto projects operated by big companies and they are legal entities registered, so verifying the identity of their clients is a standard procedure for them.
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I don't like projects that require users to provide KYC because it is so risky. If our information is used by bad guys for other purposes, it is very difficult to know. that is really dangerous
Les projets KYC sont toujours à mon avis et ils paient des participants bonus pour les essayer. Je pense que le KYC ne nous affecte pas trop non plus
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KYC will certainly keep scammers and rough elements away from participating in the project. It not only project investors but also increase their confidence in the project. As most legit crypto projects operated by big companies and they are legal entities registered, so verifying the identity of their clients is a standard procedure for them.
These scammers can find or buy other persons documents and still pass KYC. So passing KYC wont really help to fight against them. I can send you someone else passport and say that is me, and you cant even check if I lie or dont. And by looking on scam of my document, could you tell if it is real or edit on photoshop? Or am I a good person or a criminal.
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I personally think KYC has a very good advantage. As we know the crypto market and cryptocurrency exchanges got attacked by hackers often. That causes funds to lose and if our account has been KYC verified then it is very easy to retrieve it. Also, KYC gives better security for the platform and users.
KYC wallet verification request can help them verify where you are using it, and getting back your wallet will be easier when your information is exposed, and better security.
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It is very good to do KYC because if there is someone, one can know the truth. If you do KYC of an account, it can be identified by personal picture or by personal information. What you do with a personal photo or ID card can be identified as your own by everyone.
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Despite the fact that kyc is a smart thought and can be believed that any undertakings that asking kyc can be effective still it is likewise unsafe to confide in your private data to other people however as a member on the off chance that you truly like the venture it doesn't make a difference.
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Of course KYC is a good idea. Because for this KYC your ID or account is verified. If you later have a problem with your ID, you can fix it. Otherwise it will be difficult without KYC. On the other hand, you are presenting your personal information coast through KYC. However, in this case, you should be careful and verify and submit your personal information.
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KYC is legal. In fasct it is a good move to know the costumer's from different places. The identity of individuals must be record.
In this case you need to be careful in the office as your data is on record. He can do any harm to you with your data. So be sure to make sure that your data does not fall into the wrong hands. Thank you.
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For me, it is not. because of privacy. If the exchange got attack by hacker. Perhaps, all your datas will be sold on Dark market.
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For me, it is not. because of privacy. If the exchange got attack by hacker. Perhaps, all your datas will be sold on Dark market.
well, it depends on your choice. If don't do the KYC then you would probably miss many of the bounty programs and if there is someone who is after your data than he/she can hack your system instead of hacking the whole exchange.
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KYC is really a good thing for those investing in the coin. FOr we the bounty hunters I think its not good for us as pair what we are doing because we need anonymity.
KYC is certainly good and necessary for us. In this way our own stable foundation is established. But in submitting these KYC you must consider whether these are scams or manipulation by hackers.
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I don't like KYC, but there's nothing I can do about it. I'm afraid my data will go to the crooks.
It's normal for you to have this idea. Even then you have to believe in KYC. Then you are not likely to be in any danger.
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It is vital to have a KYC system anywhere. The KYC system can specify who owns the ID. If KYC is done again, something is lost. Nothing looks good without KYC. So it is very important to do KYC anywhere.
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Actually this is very easy, if you are in doubt about KYC then you don't have to do it and leave projects that require KYC. I myself don't like KYC, except in Crypto exchanges where I can't withdraw Crypto Assets if I don't do KYC.
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Real projects kyc documents submission good but scams projects kyc documents submission is very dangerous because they still stealing our personal information and data.
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KYC should only be conducted for the purpose of preventing money laundering and combating the financing of terrorism. Bounty hunters do not invest their money, so they cannot be suspected of the above illegal activities. Therefore, the requirement to pass the KYC is a violation of citizens' rights to privacy.
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Well, KYC is good especially when the project has proven beyond reasonable doubts to be successful. It is a requirement that has been implemented by the authorities of many countries in other to eliminate the issue of money laundering and the funding of terrorists. Anyway, investors must do an intense study into the project to ascertain that their identities will be protected and be used for only verification purposes as stated by the KYC rules.
As far as, I personally don't believe about KYC . Because I see several projects are scam that want to fill the KYC. Sorry.
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KYC should be the other way around. Members of teams submitting projects should do so. Their faces, their ID numbers, passports, driving licenses... And keep all that data in something like a central registry. So I would be willing to do it too. That would be the only way to eliminate scams, or at least many.
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KYC should be the other way around. Members of teams submitting projects should do so. Their faces, their ID numbers, passports, driving licenses... And keep all that data in something like a central registry. So I would be willing to do it too. That would be the only way to eliminate scams, or at least many.
Yes , I agree with you. I think KYC would be the only way to eliminate scams and multy account. But We must be careful to share ID.
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I think KYC is good because it may also help to eliminate scam but submission of KYC is very dangerous because ur personal details can be stolen through their n we most be very careful because sharing ur KYC is not really advisable
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Doing KYC is a very good job. Because if you do KYC of your account then your account becomes secure. There will be no problem with the ID as you have secured your account with information. So those who have not done KYC yet must do KYC very soon.
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I think KYC is good because it may also help to eliminate scam but submission of KYC is very dangerous because ur personal details can be stolen through their n we most be very careful because sharing ur KYC is not really advisable
You contradict yourself. If passing KYC verification is dangerous for the safety of data, then why do you think this procedure is good? For me, passing verification is not acceptable in order to preserve my documents.
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Real projects kyc documents submission good but scams projects kyc documents submission is very dangerous because they still stealing our personal information and data.
Well, even it is a good project, but we don't know what if the project can be hacked or not. So I'm not interested in doing KYC.
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For ICO, IEO, IPO and IDO, you have to use KYC because investors usually buy large amounts of tokens.
It's very dangerous if the #DevelopmentTeam doesn't know who bought more tokens because that will result in a dump price.
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For ICO, IEO, IPO and IDO, you have to use KYC because investors usually buy large amounts of tokens.
It's very dangerous if the #DevelopmentTeam doesn't know who bought more tokens because that will result in a dump price.
Please explain how can passing KYC could determine if a person will dump the price or not. If I send you my drivers license, could you tell if I'm going to dump altcoin as soon as projects is listed, or will be holding it till product release?
Actually the team does not care who bought their altcoins. They only care that this person should be from a country, that did not ban cryptocurrency. That is it.
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Not at all because it's a risky tasks for us because we submitted our personal information for kyc verification but would you think about which types of management use our personal information which sections, I think it's a dangerous thing for us.
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There is no shortage of these cryptocurrency accounts. So if you keep track of what's going on in your account, it's safe to say that you've picked the right information to verify your account. KYC makes your account secure because you have verified your personal information and your account.
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There is no shortage of these cryptocurrency accounts. So if you keep track of what's going on in your account, it's safe to say that you've picked the right information to verify your account. KYC makes your account secure because you have verified your personal information and your account.
Well, KYC makes our account secure because We have verified our personal information, But we must be carreful to share national ID. Because several projects are scam, beware when you choose projects.
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Currently, according to the regulations of the forum, accounts that have completed KYC will receive more tokens: 100 points = 1 ALTS token, not only 0.5 ALTS . So I think we should take this seriously.
AltcoinsTalks forum has been around for quite some time, it is more reliable than other ICO projects, I will consider completing KYC here.
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Kyc is important for every authority. That is, if it is for a transaction, then it becomes more important. Because kyc is convenient for every user without information. And it seems that there are appropriate authorities.
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It is good at some point but not to all area specially we all know that some projects are scam and just trying to steal personal information of bounty hunters. In this case we must be vigilant to every new projects that offered works for the hunters.
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Currently, according to the regulations of the forum, accounts that have completed KYC will receive more tokens: 100 points = 1 ALTS token, not only 0.5 ALTS . So I think we should take this seriously.
AltcoinsTalks forum has been around for quite some time, it is more reliable than other ICO projects, I will consider completing KYC here.
But don't forget that this ALTS token is worthless on exchanges. And I very much doubt that its value will ever rise. And I don’t understand at all why there is a KYC on the forum. Just to get candy wrappers? I am against any verification. It is one thing when they know something about us and quite another when we ourselves put our documents on public display.
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It is good at some point but not to all area specially we all know that some projects are scam and just trying to steal personal information of bounty hunters. In this case we must be vigilant to every new projects that offered works for the hunters.
That's true mate. We must be careful to share KYC, because there are several scam projects. I personally don't agree to fulfill, I think It is so risky to share My National ID. If the project is good I will do it, But if I'm not confident, I will not do.
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KYC is real because if you want to save on any subject, you must submit KYC. If you do OIC, your account or ID is the most secure because it is the biggest save guard. So you do KYC of any wallet or any account on an urgent basis.
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Not at all because it's a risky tasks for us because we submitted our personal information for kyc verification but would you think about which types of management use our personal information which sections, I think it's a dangerous thing for us.
At present time KYC only use for IEO investors. Some days ago it used to bounty hunters when they abuse it for mislead. After POA kyc has stopped for bounty hunters and now only for IEO or ICO members needed. I think KYC is not a big factor because organization must keep it in safe zone for their business matter otherwise no body will come here for investment and project will also not succeed.
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KYC is real because if you want to save on any subject, you must submit KYC. If you do OIC, your account or ID is the most secure because it is the biggest save guard. So you do KYC of any wallet or any account on an urgent basis.
How will your verified wallet be protected if the exchange is hacked and your funds withdrawn? Not only will your funds be stolen, but your documents will also be stolen so that they can then be resold on the darknet. Moreover, you also cannot trust your documents to projects carried out by IСO. Internet and security are incompatible concepts.
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I think submitting to KYC means verifying your own ID is definitely a good aspect for ID. Each of us should verify our own ID. But I have a question for the senior brothers. When will I be able to verify my ID as a new user? What is the minimum rank to verify ID?
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I don’t understand why many people tend to go through KYC wherever it is required and put their documents on public display? Why do they need it? How can verification protect a wallet from hacking?
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I don’t understand why many people tend to go through KYC wherever it is required and put their documents on public display? Why do they need it? How can verification protect a wallet from hacking?
KYC cannot protect itself against hacking because hacking is beyond KYC. The protocol of KYC is just want to make sure they cater the right person in 1:1 ratio. They avoid the possibility of 1:5 wallets in one owner. Also in some cases KYC is just for the record. ;)
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KYC- Know Your Client is not bad in this campaign, it helps to make proper record of registered members, it enhances accurate and genuine registration,it also help reduce fraud and cheating during token distributions.
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With the little study I have done about KYC, I think it's a good thing. It's a good way to get information and to know who you are about to strike a business with. Nevertheless, it is important to be sure of safety for your privacy. (Private and delicate informations)
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Each of us needs to verify the account.Because if we do not verify the account, we have to face many problems.I think it is a good way to verify the account .If everyone's account is verified then you don't have to face any problem.
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I do not mind doing the KYC for an ICO / IEO or registering in an exchange or similar as long as they ensure that my data will be well protected. On the other hand, I would like all the ICO / IEO and others, all the members of the #DevelopmentTeam s, to also do the KYC for the tranquility of the investors. But that is practically impossible...
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Now KYC is carried out on almost all new projects, and I do not see anything wrong with it, if the investor is confident in the project, then it will not make any effort to pass verification, only it is necessary to selectively approach the choice of the project.
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Yes @Evgenklm but sometimes those documents with private information end up in the wrong hands. Even years ago there were cases of people finding that private data on the darknet for sale. And that gives a great sense of insecurity, especially if a project wants the trust and investment of the users, security should be much higher and they should not keep those documents in a bad way.
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Well, KYC is good especially when the project has proven beyond reasonable doubts to be successful. It is a requirement that has been implemented by the authorities of many countries in other to eliminate the issue of money laundering and the funding of terrorists. Anyway, investors must do an intense study into the project to ascertain that their identities will be protected and be used for only verification purposes as stated by the KYC rules.
The purpose behind KYC as the name suggests (Know Your Customer) is to suggests is getting to know the people behind every operations on exchanges in aim to prevent money laundering and financial misappropriation. Thinking deep in to this, I see no harm taking on KYCs procedures if intentions are clear.
However, in return of taking on KYCs, customers need to be given maximum assurance, personal information provided are very safe and not being taken advantage of by third parties.
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Know your consumer, just a identify process in the cryptocurrencies market but some scams projects required to do kyc verification which is very much dangerous and they still stealing our personal information. I think kyc verification is the worst process.
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Of course, KYC is good security because scammers will not dare to share their legit identities with companies, so it helps to protect any project to be attacked easily. Though we have to be careful because not all projects which require KYC are legit, some of them they'll collect our personal info and use it to scam people.
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Of course, KYC is good security because scammers will not dare to share their legit identities with companies, so it helps to protect any project to be attacked easily. Though we have to be careful because not all projects which require KYC are legit, some of them they'll collect our personal info and use it to scam people.
But scammers could use someone else identity. If I send you 3 photoshopped passports, could you tell which one really belongs to me, and which are fake? Projects should not be affraid of people without kyc, projects should be more worried about being hacked.
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Yes @bitbit97 but the security of users' documents is the responsibility of the project team. If someone hacks the database, users could claim legal responsibility for not having the necessary security. If someone sends documents modified with Photoshop, the solution is very simple if for example, they ask you for a video to prove your true identity, some banks do it in my country to avoid scams.
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KYC is method to avoid scammer and also find potential customer for platform exchange but the problem is not all have ID so in several case it makes difficult. I support KYC and any safety method but should not give our original data, I take this advice because a got phone by their customer services every week offer investment platform, I don't like it. ID for exchange/ wallet only and never use for other.
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KYC is commonly used to identify investor orders. And it is most likely to succeed in any project. But we have some people in this forum who do not support KYC but in my opinion doing KYC is a good aspect because KYC is used as security to avoid fraud of every account. So I think it is better to do KYC.
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KYC means verifying own account with own identity card. I definitely believe KYC is very important for the account. The admin has provided us with a Google form to submit KYC to this forum. I have submitted this KYC. If anyone likes, you can also submit. This will make your account stronger.
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KYC means verifying own account with own identity card. I definitely believe KYC is very important for the account. The admin has provided us with a Google form to submit KYC to this forum. I have submitted this KYC. If anyone likes, you can also submit. This will make your account stronger.
This thread is not about KYC in this forum, which can be read in the rules. This thread is about KYC within the crypto ecosystem, especially when investing in an ICO or IEO. Theoretically, doing the KYC should give us certain guarantees, but that rarely happens and sometimes our private data can be sold.
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Always kyc is not a good activities because some illegal person store others data and sometimes they use it for illegal social activities. I hate kyc kyc submission. But some popular cryptocurrency exchanges don't need to submit personal data for assets withdrawing.
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KYC is a good form of knowing the people participating in a project as investors, to know know your background and information, so as to avoid being hijacked or going against rules of the country. This process also has a way of reducing the rate of some fraudulent acts in the crypto world. Though, at times it can be so annoying when it comes to exchanges, cause when you have a little coin to sell off in an exchange, and the exchange starts demanding for KYC Verification. Where as the trade you are to carryout there is not up to 1BTC.
Well, for the bounty hunters, it is good to remain anonymous, cause our own form of promoting the project is easy, and when it comes to social media, our identity is brought forth.
KYC is good, though it might be annoying and frustrating at tines, but its good.
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KTY is good if only u partake in a good platform.
And it use for indication. But in the order KTY is not that good because if unfortunately the platform your participating got hack your personal data can be stolen
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I think it is better to do KYC of any account in cryptocurrency. Because if KYC is done then of course the account becomes secure. That account will become personal and cannot be changed in any way. So I think it is better to do KYC.
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I think it is better to do KYC of any account in cryptocurrency. Because if KYC is done then of course the account becomes secure. That account will become personal and cannot be changed in any way. So I think it is better to do KYC.
I still think that KYC should go in two directions, users and team members. What you say is not safe for the user, it could work if the registration was done centrally, but giving our personal data for each project in which we participate seems crazy to me. We wouldn't know where our data is going and it could end up on the deep web for sale.
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Good thing for the team or the users? If you are talking about the users' views, KYC won't be a good thing, it is always a high risk for their secret identities. There is too much secret data that the KYC procedure asks the users and it should be in detail sometimes. I never think it is safe enough for the users. However, it is sometimes a must to fulfill because the team members of a platform want to make sure if the user is acceptable to join.
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Well, KYC is good especially when the project has proven beyond reasonable doubts to be successful. It is a requirement that has been implemented by the authorities of many countries in other to eliminate the issue of money laundering and the funding of terrorists. Anyway, investors must do an intense study into the project to ascertain that their identities will be protected and be used for only verification purposes as stated by the KYC rules.
Yes, I think KYC is good thing to reduce scam and multy.
Buy We must know which project need KYC, because there are scam projects.
I have seen several projects that ask KYC are scam.
Several people don't want to share their ID to fulfill KYC, they are afraid . Their personal ID will be misused.