Is kyc dangerous?

[Master107]

I guess to make it short,,,,

If you think KYC is dangerous, then do not do KYC and immediately leave the project.
If you feel safe, then obey the rules and passed KYC process.

Everyone have the authority to process KYC or not.

[Emircan]

I guess to make it short,,,,

If you think KYC is dangerous, then do not do KYC and immediately leave the project.
If you feel safe, then obey the rules and passed KYC process.

Everyone have the authority to process KYC or not.

I am very afraid of revealing my personal information and whenever I can be deceived by other people and appropriated your property. Be careful with projects that require you to provide KYC

[gqinyot]

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.

I think projects that require KYC are usually big projects and they usually pay us a reward. So I often participate in projects that require KYC

[Zulema]

Why would we give our personal data to exchange? What would happen if the exchange got hacked? imagine the hacker got our personal data, that would be bad...... I feel really not safe if hacker got my personal data.

I find it very dangerous as well. But the value it brings cannot be ignored so usually I will do all the quests so that I can return the prize code.

[Filo]

Actually, I do not care KYC anymore lol. All bounty hunters and even bounty participants had learned my all info last year. It is kinda annoying but I do not care any more if I think a project is good and promising I can give my all info them.

[Pheonyx]

If you don't want to give your personal info to the exchanges that's your choice no one will blame but remember that sometimes we don't have choice because of rules.

[MrSpasybo]

Please check The 2nd Halving - or KYC halving.

From now on,

100 points = 1 ALTS  (For KYC verified users /  and exceptions)
200 points = 1 ALTS  (For none KYC verified users)

Are you ready to complete KYC on ALTS forum to own more ALTS token?

[dragonvslinux]

Are you ready to complete KYC on ALTS forum to own more ALTS token?

I don't think I'll be able to  I think I suffer the halving along with other non-mods and non-ambassadors and non-donators.

[Freemind]

As we know it, the KYC itself is not dangerous, what is dangerous is moral and the ethics of the company that stores our personal data as well as the security in the servers of said companies. I have seen several bounties and also some ICOs that have asked their participants and investors for KYC and then they have disappeared, so it all depends on the company.

On the other side it would be nice if we all demanded KYC for the project team.

[Hasnain khan]

I do n,t think so KYC is hazardous becasue endless people groups will do KYC and now nearly destinations will request the KYC extraordinarily the Airdrops locales and people groups will do that.

[sofa-lis]

 Don't think KYC is dangerous.  If someone needs your personal information, they will get it anyway, there is not much safe on the Internet.  KYC was introduced for the safety of the user, you just need to carefully select projects to which you are ready to provide your personal data

[Hasnain khan]

I do n,t think so KYC is perilous becasue countless people groups will do KYC and now nearly locales will request the KYC extraordinarily the Airdrops destinations and people groups will do that.

[Hallowen]

I believe some exchange. And i feel free to competing KYC.

But, some exchange is dangerous. If you effected by scam exchange,  Then KYC can be dangerous. They can use you documents for anything bad, Which you will never want.

[mianvicky1]

We give our data to many peoples in our physical life amd is always a risky thing but in crypto some of the good companies may require to fill kyc. For knowing there customers. They do this to avoid fake people, because many fake peoples do multiple account.

[bitbit97]

Don't think KYC is dangerous.  If someone needs your personal information, they will get it anyway, there is not much safe on the Internet.  KYC was introduced for the safety of the user, you just need to carefully select projects to which you are ready to provide your personal data

Can you get my personal information? Try it and then we will compare it with documents I've sent to pass KYC. I'm sure you will find something, but that wont be as detailed as it is in bills or passport.

Imho, KYC is not dangerous, but in most cases is useless. Some exchanges ask for KYC to avoid people from countries where cryptocurrency is prohibited. Yet still they allow to pass KYC by sending drivers license. I have to drivers licenses, one is local, one from US. I can send my local, use VPN but trade from US, which is often prohibited...