Is kyc dangerous?

[Chita76]

Yes brother if you do KYC then it will never be fatal it will always be good.  Because KYC Security is the only KYC of any exchange and project, then no one can hack your account.  So if you do KYC, you will never lose but the profit is more so we will express the validity with KYC.

[Power420]

If you do IC, it will never be fatal, it will be profitable because KYC is the proof of how illegal things are seen.

[Cryptoz]

I think that KYC will be dangerous if:
- KYC in a certain platform where it may belong to the scammer
- KYC for an uncertain reward
- KYC for airdrop or bounty
- KYC in unclear projects
Actually, this may be dangerous because our data may be used for something illegal or they steal our ID

[Abubakar56]

I'm afraid to do KYC... what is your experience?

KYC is just kind of risky because your personal information can be leaked

[zulfi125]

KYC is a requirement by FATF for exchanges, and we can't trade some exchanges without KYC. Some allow with low volume without KYC, so if any exchanges hacked, then most of the hackers collect funds and hack KYC, but we can't survive without KYC  verified account in exchanges.

[yemight62]

I've always say KYC is like two sides of a coin. It comes with good and bad sides but I personally think its good side is much more that the bad sides. We've seen recent attack on exchanges lately. We only think of the lost assets and very few think of the numerous information's of users that the hackers have been able to access. Even with this, KYC is still important and inevitable because it protects users and exchange at the same time.

[iloveyobit]

I do n,t think so that KYC is dangerous becasue so many peoples will do KYC and now almost sites will ask for the KYC specially the Airdrops sites and peoples will do that.

do you think giving your personal information such id to an airdrop on twitter is a wise move ? i mean you can earn 5$ in most cases but only god knows what they gonna use your informations in , be careful mate .

[hair]

I've always say KYC is like two sides of a coin. It comes with good and bad sides but I personally think its good side is much more that the bad sides.

KYC is required depending on the situation and conditions, if KYC is required in exchange. It doesn't matter if it's reliable, if KYC is needed to receive airdrops and bounties, I say "No"

[Malam90]

I do n,t think so that KYC is dangerous becasue so many peoples will do KYC and now almost sites will ask for the KYC specially the Airdrops sites and peoples will do that.

do you think giving your personal information such id to an airdrop on twitter is a wise move ? i mean you can earn 5$ in most cases but only god knows what they gonna use your informations in , be careful mate .

Right, in case of bounty and airdrop, it is very dangerous to do kyc that worths nothing excepts only few small amounts but this documents can be used in illegal ways. We have to be careful about this from next time.

I've always say KYC is like two sides of a coin. It comes with good and bad sides but I personally think its good side is much more that the bad sides.

KYC is required depending on the situation and conditions, if KYC is required in exchange. It doesn't matter if it's reliable, if KYC is needed to receive airdrops and bounties, I say "No"

KYC for reliable exchange like Binance, Kucoin and top trusted exchanges is ok. It will remove scammers from exchanges. The OP is in thinking about exchange hack and its consequence of information after hack. Hence, we have nothing to do with hack. This problem can be solved only with DEX where kyc isn't necessary and trade can be done only connecting wallet.

[hair]

KYC for reliable exchange like Binance, Kucoin and top trusted exchanges is ok. It will remove scammers from exchanges. The OP is in thinking about exchange hack and its consequence of information after hack.

Yeah. I agree with KYC on exchanges like Binance, I do that too. At my local exchange, I must also use KYC to prevent money laundering. I thought it was fine

[Piku]

KYC can never be terrible. I think KYC is a healthy solution for any project. If KYC is done in any project, they are good for the users.

[Quantum X]

One thing that comforts me why I choose to give kyc if it is needed to withdraw my find, I just say to myself that I am not important person in this world to get their attention. Besides kyc is part of digital matter in some digital matters so we have no choice.

[Sumaiya2]

Your account will not be verified if you do not provide personal data.  If you do not do KYC on the account where you will buy and sell tokens on the exchange, then your account is not secure.  Because if you don't provide your personal identity, if you reverse the dollar, it can be hacked, but it is less likely to be hacked whenever you do KYC.

[rakitzogi]

You must deal with it bro. yes we knew that their are some hackers that may use our data but I think this Kyc is also improving their security so that their are no data breach in their system.

[baundul]

We would not feel safe if hackers found our personal data. But there are many people who are trying to embezzle. Verification is essential for the exchanges to get rid of their trap.