Is KYC really a good thing?

[Istiak]

I personally think KYC has a very good advantage. As we know the crypto market and cryptocurrency exchanges got attacked by hackers often. That causes funds to lose and if our account has been KYC verified then it is very easy to retrieve it. Also, KYC gives better security for the platform and users.

[monig18]

Kyc is a Really good thing only for heavy investors that company should know about investor's origion becuase in some countries investment in crypto is prohibted.For others like bounty hunters and small investors it is not suitable.some time due to kyc we can not participate in some good projects.

[Rockalo]

kyc I think healthy is a solution. kyc required. KYC is important in any project. I think KYC is important for every project

[Diknel]

I think Kyc is a good idea. KYC is important for every exchange. When KYC is saved, the information of the person is saved.

[mianvicky1]

Yes kyc is good thing for project development. By this no fraud or fake bots setep in the project  but kyc procedure needs to b simple.

[emmybd]

KYC will certainly keep scammers and rough elements away from participating in the project. It not only project investors but also increase their confidence in the project. As most legit crypto projects operated by big companies and they are legal entities registered, so verifying the identity of their clients is a standard procedure for them.

[Emircan]

KYC will certainly keep scammers and rough elements away from participating in the project. It not only project investors but also increase their confidence in the project. As most legit crypto projects operated by big companies and they are legal entities registered, so verifying the identity of their clients is a standard procedure for them.

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I don't like projects that require users to provide KYC because it is so risky. If our information is used by bad guys for other purposes, it is very difficult to know. that is really dangerous

[gqinyot]

KYC will certainly keep scammers and rough elements away from participating in the project. It not only project investors but also increase their confidence in the project. As most legit crypto projects operated by big companies and they are legal entities registered, so verifying the identity of their clients is a standard procedure for them.

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I don't like projects that require users to provide KYC because it is so risky. If our information is used by bad guys for other purposes, it is very difficult to know. that is really dangerous

Les projets KYC sont toujours à mon avis et ils paient des participants bonus pour les essayer. Je pense que le KYC ne nous affecte pas trop non plus

[bitbit97]

KYC will certainly keep scammers and rough elements away from participating in the project. It not only project investors but also increase their confidence in the project. As most legit crypto projects operated by big companies and they are legal entities registered, so verifying the identity of their clients is a standard procedure for them.

These scammers can find or buy other persons documents and still pass KYC. So passing KYC wont really help to fight against them. I can send you someone else passport and say that is me, and you cant even check if I lie or dont. And by looking on scam of my document, could you tell if it is real or edit on photoshop? Or am I a good person or a criminal.

[Zulema]

I personally think KYC has a very good advantage. As we know the crypto market and cryptocurrency exchanges got attacked by hackers often. That causes funds to lose and if our account has been KYC verified then it is very easy to retrieve it. Also, KYC gives better security for the platform and users.

KYC wallet verification request can help them verify where you are using it, and getting back your wallet will be easier when your information is exposed, and better security.

[Chita76]

It is very good to do KYC because if there is someone, one can know the truth. If you do KYC of an account, it can be identified by personal picture or by personal information.  What you do with a personal photo or ID card can be identified as your own by everyone.

[Hasnain khan]

Despite the fact that kyc is a smart thought and can be believed that any undertakings that asking kyc can be effective still it is likewise unsafe to confide in your private data to other people however as a member on the off chance that you truly like the venture it doesn't make a difference.

[Msweet]

Of course KYC is a good idea.  Because for this KYC your ID or account is verified.  If you later have a problem with your ID, you can fix it.  Otherwise it will be difficult without KYC.  On the other hand, you are presenting your personal information coast through KYC. However, in this case, you should be careful and verify and submit your personal information.

[Msweet]

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.

In this case you need to be careful in the office as your data is on record.  He can do any harm to you with your data. So be sure to make sure that your data does not fall into the wrong hands. Thank you.

[Dr.lecter]

For me, it is not. because of privacy. If the exchange got attack by hacker. Perhaps, all your datas will be sold on Dark market.