KYC or not

[nira09 115]

13 minutes ago, Masterrex said:

I was participating in some ICO's back in 2017-2018 that's why i already submitted a lot of documents for KYC's plus some of those Crypto-Exchange that i was use that required KYC. for me its just Ok if they are keeping our data safe for others.

Yes, we can only hope that our data is safe, and they do not abuse it. unfortunately we don't know what they do with our data.

[pageraji 316]

2 minutes ago, nira09 said:

Yes, we can only hope that our data is safe, and they do not abuse it. unfortunately we don't know what they do with our data.

Yes it was something difficult, last day i have payment from temtum bounty and its about $200, but its mandatory KYC on coinall exchange if we want distribution, so i dont like my data on other but we need that money right?

[nira09 115]

19 minutes ago, pageraji said:

Yes it was something difficult, last day i have payment from temtum bounty and its about $200, but its mandatory KYC on coinall exchange if we want distribution, so i dont like my data on other but we need that money right?

You're lucky to get $ 200 USD from Temtum. yes we do often encounter choices and difficult circumstances. if you don't do KYC you will lose your money, but if you do KYC you give your data to people you don't know and that can be dangerous. Hopefully Coinnal does not abuse your data.

[Nicecrypto 543]

6 hours ago, ojanarong said:

Now many bounty campaign need kyc for eligible bounty. I think this is good idea no one can cheat any bounty and don't received any reward.

I believe that's the main reason they do KYC to cut the cheaters but that depends on individuals, if you feel that bounty is worth you personal information then that's what you do but I don't do KYC or have not done KYC for any bounty.

[Great Commander 659]

Gotta agree for kyc if the site or platform requires it is legit and is trusted. We can not easily give our identity to them right? Know your customer policy must be good for companies like paypal which passed verifications unlike newer ones. 

[dhemasm 219]

9 hours ago, Naga said:

Oh so you believe that ICO team who took your money and also required kyc and you happily gave it to them...what do you think they'll do with it? Did you ask yourself how tight is their security?do you even know for how much ID's are sold in black market? Lol man I left binance because of kyc and look what happened to those who did their kyc....

Well, that is their risk in my opinion and you should not say that, it is their right and they are responsible for that not us, we are just discussing here and people have different opinion so it's normal. If you want to give and advice use words that are appropriate for discussion and not like that, let's have a healthy discussion and respect everyone, Cheers!

[Naga 1250]

15 hours ago, tanjil said:

If that person know something that will help you to earn more then do exchanging knowledge but it is more risky . I can do because usually a good bounty need KYC  so you need to do KYC.

But you fail to realise its a god bounty not because they are safer with kyc but because when they ask for kyc they know they can sell your kyc for much more than what they paid you.

[fimolof 66]

use kyc just in legits sites, not in scam bounty and airdrop, it is risky to do kyc , you can be Involvement in a problem or cybercrime or sell your identy in darkweb 

[Migo 7946]

For me I don't like KYC verification, I can't provide my personal informations to someone or some site I even don't know about him enough, or doing KYC for some dollars, I really can't 

[Glossy 615]

20 hours ago, Migo said:

For me I don't like KYC verification, I can't provide my personal informations to someone or some site I even don't know about him enough, or doing KYC for some dollars, I really can't 

Yes most people have problem with that. Not only it makes people unconfortable but it is very dangerous. When someone holds your personal information they can make criminal activity and then leave your data.

[Glossy 615]

Just now, Sozib Crypto Hunter said:

Hi glosy. Many company offer join and compete simple task and earn crypto. There are kyc needed because your identity. You not provide your docomwnts on new and not trusted site. But you provide trutrusted site your docoments

Yes but it is hard to decide what site is trusted and which is not trusted. In crypto you can not trust anyone .....

[doriahailee 643]

Depends, For some large exchanges such as Binance or Bittrex if necessary I will do KYC, For bounties depending on the amount and how their project. Most importantly be careful and do not give your data carelessly.

[PiroSense 2681]

It's down to personal preference. But for Bitcoin's network and community, having KYC is better, given that there would also be a regulatory board to overlook exchanges' business ethics and practices, and overall security to ensure one's privacy. KYC is useful for tracking down illegal activities done on the platform.

If illegal activities would be lessen, then it would affect the current market by attracting investors, lessen the negative news about Bitcoin being used in malicious acts.

[niroblm 141]

I think so. I don't like give my documents to all single exchange. i think it is not secure for our life. i don't give my personal information 

[Migo 7946]

5 hours ago, apealing said:

You value your private information. So what about exchanges that request verification, will you partake on it?

I don't use exchanging markets with a verification too much , and I valuthem of course because it is personal nt public, but I said if I don't know them enough, I mean if it is honest and well known why not, not any site. 

[Migo 7946]

13 hours ago, Glossy said:

Yes most people have problem with that. Not only it makes people unconfortable but it is very dangerous. When someone holds your personal information they can make criminal activity and then leave your data.

This is what I'm talking about, this personal, you can't provide your documents to anyone or anything without at least having a pervious idea. 

[Emma 611]

If any exchange requires kyc before withdraw, it is scam.  if they require before deposits also, i think it is legit but you need to research before providing your documents

[Apelmanis80 13]

I don't like KYC for bounty, but if for exchange it might not be a problem for me, but KYC for exchange is usually done for members at certain limits, the greater the BTC / crypto that is taken it usually requires KYC.

[Cryptominded 704]

On 11/10/2019 at 7:56 AM, Bitcoin02 said:

KYC is the first turn of safety
for now there are many cases when exchange accounts are stolen through logs

Looks like you're mistaking 2FA for KYC! 

KYC - Know-Your-Customer is a way businesses collates private information about a customer on behalf of the government,  just so they can be identified and traced in case of involvement in illicit activities even if it is 100 years later. 

[Crypto123 0]

I also don't like KYC and I avoid all exchanges and bounties and sites that request KYC, it may be acceptable for famous exchanges because they are honest and reliable, while new exchanges and bounty sites I never trust them so what is the guarantee that they will not steal my documents. Well I like being anonymous.

[Akash0011 136]

On 10/19/2019 at 12:08 AM, Glossy said:

Do you guys usually avoid doing KYC when registering on exchanges and doing bounties?

To be frank I do not like doing KYC at all and never did it.

I wonder what are your thoughts on this issue.

i like kyc cause it safe your exchange account and no one can access our account mate.. those who ask kyc for withdraw and bounty and airdrop i like to done this but those who don't ask kyc i never done kyc mate.... i love kyc but some of exchange don't easily take kyc it take so much time that's the annoying thing  i ever face mate...

[Nicecrypto 543]

13 minutes ago, Akash0011 said:

i like kyc cause it safe your exchange account and no one can access our account mate.. those who ask kyc for withdraw and bounty and airdrop i like to done this but those who don't ask kyc i never done kyc mate.... i love kyc but some of exchange don't easily take kyc it take so much time that's the annoying thing  i ever face mate...

I think doing KYC is ok especially if I really have to use that exchange and I don't mind doing it but not really for bounties and especially not for Airdrops.

[Akash0011 136]

11 hours ago, Nicecrypto said:

I think doing KYC is ok especially if I really have to use that exchange and I don't mind doing it but not really for bounties and especially not for Airdrops.

i know in interesting but my phone are very low price phone and it's camera are so bad that's why i don't done kyc which site ask for kyc i just done this site cause my phone.. if i trying to complete kyc then me go to my friend and tell him to click my pic on his phone and that's look so much embracing for  me that's why i don't kyc who don't need kyc mate .. but i like kyc most when i buy new one then i will done all exchange kyc mate hehehe...

[palalu 512]

absolutely yes. because many cases of bounties and exchanges sell KYC data. I also really avoid websites or businesses that are less trusted

[Naylor89 1223]

I never did KYC because if a legit ICO had implemented it and then turned into a scam they could use it to make a lot of accounts in exchanges to commit money laundering and the suspects will be us because they used our documents to verify themselves.