Is KYC really a good thing?

[msz900]

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.

well, it depends on your choice. If don't do the KYC then you would probably miss many of the bounty programs and if there is someone who is after your data than he/she can hack your system instead of hacking the whole exchange.

[Msweet]

KYC is really a good thing for those investing in the coin. FOr we the bounty hunters I think its not good for us as pair what we are doing because we need anonymity.

KYC is certainly good and necessary for us.  In this way our own stable foundation is established.  But in submitting these KYC you must consider whether these are scams or manipulation by hackers.

[Msweet]

I don't like KYC, but there's nothing I can do about it. I'm afraid my data will go to the crooks.

It's normal for you to have this idea.  Even then you have to believe in KYC. Then you are not likely to be in any danger.

[Sharpmax]

It is vital to have a KYC system anywhere. The KYC system can specify who owns the ID.  If KYC is done again, something is lost. Nothing looks good without KYC. So it is very important to do KYC anywhere.

[Vx1]

Actually this is very easy, if you are in doubt about KYC then you don't have to do it and leave projects that require KYC. I myself don't like KYC, except in Crypto exchanges where I can't withdraw Crypto Assets if I don't do KYC.

[Nikawe]

Real projects kyc documents submission good but scams projects kyc documents submission is very dangerous because they still stealing our personal information and data.

[svetlana]

KYC should only be conducted for the purpose of preventing money laundering and combating the financing of terrorism. Bounty hunters do not invest their money, so they cannot be suspected of the above illegal activities. Therefore, the requirement to pass the KYC is a violation of citizens' rights to privacy.

[doc]

Well, KYC is good especially when the project has proven beyond reasonable doubts to be successful. It is a requirement that has been implemented by the authorities of many countries in other to eliminate the issue of money laundering and the funding of terrorists. Anyway, investors must do an intense study into the project to ascertain that their identities will be protected and be used for only verification purposes as stated by the KYC rules.

As far as, I personally don't believe about KYC . Because I see several projects are scam that want to fill the KYC. Sorry.

[Freemind]

KYC should be the other way around. Members of teams submitting projects should do so. Their faces, their ID numbers, passports, driving licenses... And keep all that data in something like a central registry. So I would be willing to do it too. That would be the only way to eliminate scams, or at least many.

[bayiajaib]

KYC should be the other way around. Members of teams submitting projects should do so. Their faces, their ID numbers, passports, driving licenses... And keep all that data in something like a central registry. So I would be willing to do it too. That would be the only way to eliminate scams, or at least many.

Yes , I agree with you. I think KYC would be the only way to eliminate scams and multy account. But We must be careful to share ID.

[Bravo]

I think KYC is good because it may also help to eliminate scam but submission of KYC is very dangerous because ur personal details can be stolen through their n we  most  be very careful because sharing  ur KYC is not really advisable

[Papusha20]

Doing KYC is a very good job.  Because if you do KYC of your account then your account becomes secure.  There will be no problem with the ID as you have secured your account with information.  So those who have not done KYC yet must do KYC very soon.

[svetlana]

I think KYC is good because it may also help to eliminate scam but submission of KYC is very dangerous because ur personal details can be stolen through their n we  most  be very careful because sharing  ur KYC is not really advisable

You contradict yourself. If passing KYC verification is dangerous for the safety of data, then why do you think this procedure is good? For me, passing verification is not acceptable in order to preserve my documents.

[Dr.lecter]

Real projects kyc documents submission good but scams projects kyc documents submission is very dangerous because they still stealing our personal information and data.

Well, even it is a good project, but we don't know what if the project can be hacked or not. So I'm not interested in doing KYC.

[jonathancool220]

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.