Is KYC really a good thing?

[bitbit97]

For ICO, IEO, IPO and IDO, you have to use KYC because investors usually buy large amounts of tokens.
It's very dangerous if the #DevelopmentTeam  doesn't know who bought more tokens because that will result in a dump price.

Please explain how can passing KYC could determine if a person will dump the price or not. If I send you my drivers license, could you tell if I'm going to dump altcoin as soon as projects is listed, or will be holding it till product release?
Actually the team does not care who bought their altcoins. They only care that this person should be from a country, that did not ban cryptocurrency. That is it.

[Churphans]

Not at all because it's a risky tasks for us because we submitted our personal information for kyc verification but would you think about which types of management use our personal information which sections, I think it's a dangerous thing for us.

[Clearman]

There is no shortage of these cryptocurrency accounts.  So if you keep track of what's going on in your account, it's safe to say that you've picked the right information to verify your account.  KYC makes your account secure because you have verified your personal information and your account.

[densus88]

There is no shortage of these cryptocurrency accounts.  So if you keep track of what's going on in your account, it's safe to say that you've picked the right information to verify your account.  KYC makes your account secure because you have verified your personal information and your account.

Well, KYC makes our account secure because We  have verified our personal information, But we must be carreful to share national ID. Because several projects are scam, beware when you choose projects.

[KryptoBull]

Currently, according to the regulations of the forum, accounts that have completed KYC will receive more tokens: 100 points = 1 ALTS token, not only 0.5 ALTS . So I think we should take this seriously.
AltcoinsTalks forum has been around for quite some time, it is more reliable than other ICO projects, I will consider completing KYC here.

[Tepona]

Kyc is important for every authority. That is, if it is for a transaction, then it becomes more important. Because kyc is convenient for every user without information. And it seems that there are appropriate authorities.

[Gubre]

It is good at some point but not to all area specially we all know that some projects are scam and just trying to steal personal information of bounty hunters.  In this case we must be vigilant to every new projects that offered works for the hunters.

[svetlana]

Currently, according to the regulations of the forum, accounts that have completed KYC will receive more tokens: 100 points = 1 ALTS token, not only 0.5 ALTS . So I think we should take this seriously.
AltcoinsTalks forum has been around for quite some time, it is more reliable than other ICO projects, I will consider completing KYC here.

But don't forget that this ALTS token is worthless on exchanges. And I very much doubt that its value will ever rise. And I don’t understand at all why there is a KYC on the forum. Just to get candy wrappers? I am against any verification. It is one thing when they know something about us and quite another when we ourselves put our documents on public display.

[pacar_tiri]

It is good at some point but not to all area specially we all know that some projects are scam and just trying to steal personal information of bounty hunters.  In this case we must be vigilant to every new projects that offered works for the hunters.

That's true mate. We must be careful to share KYC, because there are several scam projects. I personally don't agree to fulfill, I think It is so risky to share My National ID. If the project is good I will do it, But if I'm not confident, I will not do.

[Power420]

KYC is real because if you want to save on any subject, you must submit KYC.  If you do OIC, your account or ID is the most secure because it is the biggest save guard.  So you do KYC of any wallet or any account on an urgent basis.

[babu10]

Not at all because it's a risky tasks for us because we submitted our personal information for kyc verification but would you think about which types of management use our personal information which sections, I think it's a dangerous thing for us.

At present time KYC only use for IEO investors. Some days ago it used to bounty hunters when they abuse it for mislead. After POA kyc has stopped for bounty hunters and now only for IEO or ICO members needed. I think KYC is not a big factor because organization must keep it in safe zone for their business matter otherwise no body will come here for investment and project will also not succeed.

[svetlana]

KYC is real because if you want to save on any subject, you must submit KYC.  If you do OIC, your account or ID is the most secure because it is the biggest save guard.  So you do KYC of any wallet or any account on an urgent basis.

How will your verified wallet be protected if the exchange is hacked and your funds withdrawn? Not only will your funds be stolen, but your documents will also be stolen so that they can then be resold on the darknet. Moreover, you also cannot trust your documents to projects carried out by IСO. Internet and security are incompatible concepts.

[Crypto Banglu]

I think submitting to KYC means verifying your own ID is definitely a good aspect for ID. Each of us should verify our own ID. But I have a question for the senior brothers. When will I be able to verify my ID as a new user? What is the minimum rank to verify ID?

[svetlana]

I don’t understand why many people tend to go through KYC wherever it is required and put their documents on public display? Why do they need it? How can verification protect a wallet from hacking?

[Master107]

I don’t understand why many people tend to go through KYC wherever it is required and put their documents on public display? Why do they need it? How can verification protect a wallet from hacking?

KYC cannot protect itself against hacking because hacking is beyond KYC. The protocol of KYC is just want to make sure they cater the right person in 1:1 ratio. They avoid the possibility of 1:5 wallets in one owner. Also in some cases KYC is just for the record.