Kyc risks??

[Xisadu]

I agree that there is a risk that in any way our personal data could be subject to theft. Who can guarantee that those bounty project would not be abandoned after some time and that our personal data would not be sold for some criminal activity?

[hope167]

with me just important ICO or when i register the exchange platform, i will use KYC, and the different things is not necessary to use KYC

[Fly_Away]

KYC is required by law but only if you buy coins if I'm not mistaken. Bounty coins are some kind of a gift but perhaps they need your data for accounting purposes.

[Sabiduria]

The question is when the regulation will start protecting the customers

[opg777]

Hi, as strange as it may sound, but I have many times seen people who create a database with documents, and that this or that project where the leak occurred, I was sure that the project looks very reliable, but unfortunately some may someone from the project team just sold everything.Unfortunately in our time that can be sell - sell such guys. Do everything possible so that you do not fall into the hands of these guys!

[Stuart]

The need for KYC is actually to get the authenticity of the customers/investors investing into the project. This helps the developer and the project to keep track of whom invests into the project. Its just that, the leakage of these information will only come from the inside. I will say, know a lot about of the project before giving your identity.

[tsakf]

The need for KYC is actually to get the authenticity of the customers/investors investing into the project. This helps the developer and the project to keep track of whom invests into the project. Its just that, the leakage of these information will only come from the inside. I will say, know a lot about of the project before giving your identity.

Who has invested, is not needed for a project to succeed. It's just the control freaks, who want to know, everything. We are just used to this from the banking system.

[Aybanty]

It depends on the company , some company require kyc to steal your identity for criminal activities while some use it to regulate and prevent cheating

[moonuranus]

Sharing your peronal or giving your personal informartion your ID is a crucial thing because hackers can get through the datas you have provided for kyc to be sold for criminals, be wary on where you are giving kyc be sure that the company prioritize the safety of your infos

[samsenger4545]

How would we confirm if company is safe to provide KYC info?

[slipsrip]

Ok, I understand now when you writted "adhesive".
This come from engine oil who go  turbo.
Its impossible that come from E85, because its the most clean fuel, and your engine stay always "clean" time after time.

[MrSpasybo]

KYC is a necessary and mandatory condition for some ICO exchanges or projects, and I think this is also normal so that they can verify identity of participants and limit virtual accounts.
But I really don't want to give them my personal information, they can abuse it and use it for secret purposes that I don't know. One of the advantages of blockchain technology is anonymity, they are projects on blockchain, they should also respect this.
It's funny that bounty projects also require KYC!

[dropps]

what about u?

[Senin]

Many bounty campaign require Kyc (know your customers) with our /customers personal data (national id card, passport, drivers licence, bank account, electric bill, water bills and other information). I want to know if they use my information in illegal action,,,, what would be happened?

Well, if with the use of your data and photocopies of your passport, attackers collude with your notary’s apartment in your name for the murdered person, you can go to prison for ten years depending on the severity of penalties in the criminal code of the country of your residence. Do not think that I'm kidding. For about twenty years I worked in the criminal law system and believe me, there are such cases.

[Tommy_Jones]

I do not prefer to do KYC as there are many cases where the KYC documents were sold for $10. I fell it best to be a anonymous user in the crypto world.