Is KYC really a good thing?

[CriptoLH]

I don't understand why bounty companies are introducing KYC to receive tokens. What are our documents for if tokens are still worth nothing and are not traded anywhere? This is a violation of human rights. I can still agree that the KUS is needed for trading on the exchange, to prevent fraud, but in the bounty this is arbitrary

[Jaguar]

KYC for hunters is just a clarification of each participants geographical locations. In other case just all about personal verification to determine bot users and scammers if possible. Whatever, I don't want to give my identity if not necessary. The future security means a lot than a price of money from unverified airdrop.

[Thymoty]

I don't understand why bounty companies are introducing KUS to receive tokens. What are our documents for if tokens are still worth nothing and are not traded anywhere? This is a violation of human rights. I can still agree that the KUS is needed for trading on the exchange, to prevent fraud, but in the bounty this is arbitrary

Yes you right, we don't know where our data will be used by those platforms. Do they sell it or use it for something else? Who knows.

[Abubakar56]

Some illegal projects ask kyc which is very much dangerous and risky. A few days ago CLIPX project ask kyc from investors and bounty Hunters. We all provided our personal information and database but alas they flewed away from website and all others social networks media. I think kyc is very dangerous.

I support your suggestion!!! There are lots of scam projects that require KYC and they endup leaking ur data

[Piku]

The KYC effort is very good for the security of each project. That is, the person who received the transaction money, how he got it, is able to save the information later. KYC of more projects are much more effective. However, some users do not feel comfortable in KYC.

[lepbagong]

The KYC effort is very good for the security of each project. That is, the person who received the transaction money, how he got it, is able to save the information later. KYC of more projects are much more effective. However, some users do not feel comfortable in KYC.

Different perceptions about KYC can happen because not everyone wants to give their personal identity known to others. Moreover, those who ask us not to know, whether the existence of the institution or not, this obviously makes people afraid.

but on the one hand they ask for kyc with the aim that what is given does not fall on people who cannot be accounted for and the possibility of cheating can also occur.

both have arguments that are actually the same as true and we can not say that one is not good, it remains now whether we want to kyc or not, that's the last guideline.
But it is accustomed that Kyc is informed from the beginning, not when it is about to finish, it will be announced because it is clear that there is an intention to benefit ourselves.

[Astra]

The KYC effort is very good for the security of each project. That is, the person who received the transaction money, how he got it, is able to save the information later. KYC of more projects are much more effective. However, some users do not feel comfortable in KYC.

If you think that KYC has a positive effect on the safety of a project, then tell me exactly how its safety will be increased if members of its team own our data?  Where and for how long will our identification data be stored and what will happen next?  No one has the answers to these questions, because KYC is illegal for bounty participants.  According to the FATF recommendation of 06/21/2019, KYC can only be carried out for the purpose of preventing money laundering and combating the financing of terrorism and only for transactions over one thousand euros.  No ICO team has been empowered to violate our privacy rights.

[Falcon]

Even the team promised not to use the details submitted we aren't sure if that will maintain.
The only problem of KYC for hunters or investors is the opportunity to use it in unknown illegal transaction. Apart from that I think nothing to follow. 

[bitbit97]

Never seen any reasonable usage of forcing to pass KYC in crypto. It ruins the whole idea of anonymous and yet transparent transactions.
As we have hundreds of exchanges, there is no reason to trade exactly on an exchange that asks to pass KYC. Same is with daily limits. Just divide your balances and trade on several exchanges. KYC in bounties does not help either.

[Galley]

KYC is legal. In fasct it is a good move to know the costumer's from different places. The identity of individuals must be record.

KYC is legal, of course, but only zokonno in the case when the project itself is 100% legal. When the project team itself will pass KYC and will be legally responsible for the safety of your data. I do not know of such projects. At best, there is a profile in Linkedin. And it seems to me unnecessary to trust your documents to someone unknown.

[Millionaire]

how do we know if the project is a success? and what if the project just appeared?
KYC is actually good and bad.
1. KYC is good for market verification such as BINANCE, BITREX, BITFOREX and market that have high trust.
2. KYC is not recommended to take part in any emerging project and bounties or airdrop. because new project appear and the bounty cannot be confirmed if they can be successful and our data is very vulnerable to being misused by scammer.

NOTE !! think longer if you want to KYC on a project.

[Hasan986]

Just as a project requires KYC & Investors need also kyc. There are many countries whose crypto is illegal. They run out of scam projects and run away with a lot of money. If there have Kyc, their investor will become conscious. On the other hand I think Hunters don't need Kyc.  Because, they are part of marketing in project, which is worldwide. If cryptocurrencies are illegal in any country, they will not be affected.

[gourav787]

KYC is really bad as well good in different different cases , their is some exchages who force their user to complete kyce inorder to used whole features their . I always trying to avoid KYC processer , because this isn't easy to give our personal information to anyone.

[trauchot]

If you want to invest in any cryptocurrency project, then I think kyc should be rather mandatory, because many countries prohibit any actions with cryptocurrencies and therefore cryptocurrency companies should see from which country you are from in order to avoid various risks, but with the bounty sphere, everything is already here different, of course I am against kyc for bounty companies.

[Lenipiw]

I don't think KYC is very important in any project. Because if the project is banned at the end of the campaign, then many users do not. That may have been forgotten. So I don't think the project KYC is an important solution. But KYC is a great thing in exchanges. KYC is very good for exchanges.