Kyc risks??

[VirtualBtc]

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?

[Coin63@]

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?

Yes brother you just say very important and effective information because Kyc information they easily blackmailing us and our family with national id, passport and driving licence.

[Nolkupit46]

No no I don't believe that  they use your information in criminal activities. But Kyc is a effective way to find a scam projects and investors.

[Robiul789]

May be you are right brother because which bounty project is necessary Kyc those bounty project is good but I don't get any profits from Kyc bounty campaign. Because I don't have above information.

[MuTu]

KYC is indeed needed as a form of data authenticity to avoid cheating, but KYC data is very vulnerable to misuse. Before we fill out the KYC form, we must first examine the project we will follow whether it is real or dubious.

[Ghozrd]

The information we provide to fill out the KYC form when we follow the ICO is the right thing to do, on the positive side the developers will know the authenticity of the identity of the investors, we can also see some centralized exchanges also require us to fill out KYC forms.
For now I think it's safe if we know the projects we follow in the ICO are genuine projects and not fraud

[tsakf]

No no I don't believe that  they use your information in criminal activities. But Kyc is a effective way to find a scam projects and investors.

Let's accept this. They are the good guys, and they won't use it, in criminal activities. What will you say, if a hacker steals the data, and sells them to the bad guys? If you have given your data to ten projects, the risk is higher, than giving data to one project. I don't care if a user has participated in a bounty with many accounts. The only drawback, is that I'll get less, if it is a share based bounty. The losses, if my data are stolen, outweigh the gains that KYC offers me.

[JaymondStark]

Well, your personal info might be stolen or it might be sold to the people you would not want to.

[Rituvohra01]

First of all why we are share our personal details with others. There are many risk factors like they can use this information in illegal works as well as criminal activities.

[vanjava]

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?

for sure they have your personal data, I am always careful with KYC. in my opinion they only want to make sure you are eligible to get tokens that will be distributed and in accordance with applicable regulations. I better not follow bounty with KYC.

[akitha]

we must be careful also even the project is legit.. that is our personal details.. we don't how their mind work..

[legend45]

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?

I think  cryptocurrency  is anonymous,  I dont agree with KYC.  But If the project  is legit,  I think I will share my identity

[dimosha1]

I think that you need to look at the campaign and study it before presenting your documents. If the campaign is in good faith, then everything will be fine.

[tsakf]

I think that you need to look at the campaign and study it before presenting your documents. If the campaign is in good faith, then everything will be fine.

Extra care, must be taken, when giving away documents. I like to avoid the risk.

[ZionRTZ]

The moment you gave out your personal information to people or to a company, there is already that risk of identity theft. It does not matter if they are legit or not.