KYC in crypto, does it really require?

[Green Ocean]

Do we really need to submit our personal details to ICOs for buying the token or for participating in it's bounty and airdrop?
I always wonder why do we need to give our vital info to ICOs that most are not even likely to come on in crypto space and crypto is all about decentralization but submitting our info has made it look centralized to me.
There is no regulation in crypto yet so why should we give our details to unknow ico organizers, so claim to prevent some region in participating in the ico because of the country law but those ICOs comes from the same region and country that prevent their own citizen from participating, should we say they are using style to rob us or our details is being used for other purpose .
I think it's high time we all need to stop giving our details to ICOs if really the crypto is all about decentralized and their is no regulation in the world yet to really require such details, I will like to know everyone minds about the submission of our details in term of KYC .

[micjoh]

Well for me having in cryptocurrencies it good option because of the fact that it lessen the number of alternative or fake accounts.But one of its disadvantage is that having this KYC is giving their personal information online that is too risky to all the people.

[TERENCIO]

If the project is worth it to risk  and expose my personal information.  I considered submitting my KYC I made a lot in KYC in the past and it was a stupid mistake  but now I weight the project first if its worth it or not.

[I-Bit]

Do we really need to submit our personal details to ICOs for buying the token or for participating in it's bounty and airdrop?
~snip~

Personally, I prefer to anonymous type. But I guess they use KYC to identify the native country of investros. However, I think it is no need to apply for bounty and airdrop hunters. They just help for promotion and not participate in buying tokens. Moreover, KYC will make difficulties to them.

[Ghozrd]

I think you can follow the rules if they want you to fill out the KYC form.
I think there is no problem if you don't fill in the Kyc.You can buy in a centralized exchange without having to fill in the KYC then you will get the tokens you want

[DAMKAR]

Do we really need to submit our personal details to ICOs for buying the token or for participating in it's bounty and airdrop?
I always wonder why do we need to give our vital info to ICOs that most are not even likely to come on in crypto space and crypto is all about decentralization but submitting our info has made it look centralized to me.
There is no regulation in crypto yet so why should we give our details to unknow ico organizers, so claim to prevent some region in participating in the ico because of the country law but those ICOs comes from the same region and country that prevent their own citizen from participating, should we say they are using style to rob us or our details is being used for other purpose .
I think it's high time we all need to stop giving our details to ICOs if really the crypto is all about decentralized and their is no regulation in the world yet to really require such details, I will like to know everyone minds about the submission of our details in term of KYC .

If the project is good and worth,  I agree with KYC.  Because identity is private.  I will keep my identity,  not to share.

[Volonter]

Sometimes KYC is useful in order to reduce the number of participants in a company’s bounty, but in general this procedure doesn’t make me very happy!

[paolobaltimori]

I think that KYC is not a problem but I really don't like to send my personal informations to perfect strangers.. there are some successful ICO project that have developed KYC method using a third part as escrow and I think this can be a good solution to make investor's data safer.

[Tiana1]

I guess the kyc verification is to restrict some countries from participating in the ICO. Its okay if the project is worth it. Its just that many projects ask for kyc verification these days and some are not genuine, it's risky putting vital informations out there in the  American of ico. Identity theft is rampant now.

[Ta.Form]

I agree that we should not give our identity to anyone. it is a personal matter. in the identity card, sim, passport, there is a signature for example. and it is very useful and very risky if we tell or show to others. and ico should even be a bounty, no kyc needed.

[yitzjoe]

KYC is like two coin eyes that we will never know whether it will be useful for us or become a scam later. if it's ICO, then I will find it hard to give KYC data, but if it's a potential coin that has been circulating long enough and it is proven that their sales volume is large then I will give it

[PreshB]

Yes  to  an  extent,  thus  it  help   in  reducing  population  in  a  firm  and  also  play  some  vital  role.

[bitpation]

I disagree KYC for bounty and airdrop hunters. It is not necessary and just makes more complicated in promoting projects. I think a project no need to know the detail information of people supporting their promotion. As long as they do right ways in promotion, so it is no problem. But is different with investors, they should have KYC process because the investors are the partners of the project.   

[sampoerna]

I disagree KYC for bounty and airdrop hunters. It is not necessary and just makes more complicated in promoting projects. I think a project no need to know the detail information of people supporting their promotion. As long as they do right ways in promotion, so it is no problem. But is different with investors, they should have KYC process because the investors are the partners of the project.

Agree, mate. Why a bounty hunter should do KYC process, he just get a small amount of tokens. KYC for bounty hunters are also very risky to be misused by the teams of ICO projects. If they are scammers, the secret data of bounty hunters will be in danger.

[arnishad]

It was a rational statement, everybody failed to just like the call in the crypto market value as a result of it had a negative impact on the majority programs and activities. First, the crypto community cannot do lots of commercialism activities to urge results from their investment savings. Difficulties in obtaining high results as a result of all coin values ​​from ICO additionally declined. Participation in ICO features a higher risk as a result of ICO is prone to failure