They need KYC to verify us, how can we verify them too? - Page 6 - About Forum - CryptoTalk.Org Jump to content
Calvinpriva

They need KYC to verify us, how can we verify them too?

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Every possible way we could think of in trying to manage any online site, scammers always find a way to fit in as well also.

The only way out in my suggestion is to always remain real in your own so that you will not be suspected.

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I don't like the sites that ask for KYC as it could be risky for us to share our documents with any sites as you mentioned that there are many scam sites also so its hard to trust any site if it is a legit site or not.That's why I prefer those sites which doesn't ask for KYC such as Yobit exchange which has very good level of security and doesn't ask for KYC while registration.

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This forum and other exchanges use this term to know their customers and when their customers are identified by the exchange then they can easily deposits and withdraw their amounts, otherwise they couldn't do.

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I think if you go with KYC then you have to go with centralization and if one is centralized then they are legally attached that means they can be sued.

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Most of the funding websites and structures require the KYC feature, the place we do no longer recognize if they are legit web sites or simply fraudulent web sites that choose to advantage from our documents, so I keep away from the usage of such web sites due to the fact I do no longer like sharing my non-public documents. 

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My view is that to confirm any site who request check we can see the standing of the site on the grounds that the solitary that who can give us the trust this is the way I see confirmation.

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This is a good suggestion. Rather, KYC is frequently being used by many websites and domains. KYC means know your customer. This process need any member's identity to verify their information. This is definitely a good idea for precautionary measures.

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On 12/29/2020 at 5:15 PM, selfmade said:

I think if you go with KYC then you have to go with centralization and if one is centralized then they are legally attached that means they can be sued.

Sure this is the important of using KYC in crypto because we have been hacked so many times but you don't have to sue anyone because you'll never know who hacking you, so KYC might be the savior on this. 

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This term is basically linked to our exchanges and some wallets. And yes they verify their customers during making any transaction for the security purpose and if you don't verify your I'd then you will not access to that wallet and exchange.

Edited by zainab.rtx

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Kyc is mainly provided for identification and verification.  However, a question remains in our minds, whether the company that is providing KYC is a spammer.  That's why I don't believe in KYC very much.

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there is no way we can verify the new projects that is how they scam us and they leave no clue to find and track them, that is why the scamming is too easy.

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It is a great kind of suggestions my brother that you have provided it would help to save us from the scammers around us. I think we need to search those site to understand it is legit or not, before doing anything always try to get a proper knowledge about that site.

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On 6/4/2020 at 10:33 AM, Calvinpriva said:

Hi friends,

Have you ever think about this? There are many projects which nowadays they need KYC to verify us if we are legit members or scammers, many people believe in KYC sites they think they are the most trusted sites! But unfortunately, even scam sites are now using KYC verification to assure you that they are safe! 

 

What can we have to verify that they are safe so that we can upload our documents to them?  My suggestion: It will be good if there will be the main website for all crypto project sites that will review them and assure us of our safety if they are legit. That site can work like Coingecko or CMC but it will list mining sites, trading sites, lending sites, airdrop sites and other related projects. 

 

Just like gambling sites they have their license numbers from gambling boards, this review site will also give unique license number to those sites which will review so that we can join only projects with those license numbers for our safety. Believe me, this will help very much to reduce scammers, and it will increase profit to many crypto users.

_____________________________

You are welcome to reply.

Well said mate, you have indeed came up with a nice observation. One of the most important aspect we are suppose to be always vigilant of, is the issues of scammers. So I urge the moderators and the expert on the forum to please look into it and do something positive about it.

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You just need to do your home work properly، we can still use Google search on all the crypto sites we want to deal with it، i think we should search it first if it is legit 

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When we want to join any project we need to do KYC for that project and most of the times the people run away with all the private information and their use it for illegal purposes that is why it is important to verify the team as well but there is no way we can do it at least I don't know if there is one

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On 6/4/2020 at 2:33 PM, Calvinpriva said:

Hi friends,

Have you ever think about this? There are many projects which nowadays they need KYC to verify us if we are legit members or scammers, many people believe in KYC sites they think they are the most trusted sites! But unfortunately, even scam sites are now using KYC verification to assure you that they are safe! 

 

What can we have to verify that they are safe so that we can upload our documents to them?  My suggestion: It will be good if there will be the main website for all crypto project sites that will review them and assure us of our safety if they are legit. That site can work like Coingecko or CMC but it will list mining sites, trading sites, lending sites, airdrop sites and other related projects. 

 

Just like gambling sites they have their license numbers from gambling boards, this review site will also give unique license number to those sites which will review so that we can join only projects with those license numbers for our safety. Believe me, this will help very much to reduce scammers, and it will increase profit to many crypto users.

_____________________________

You are welcome to reply.

Let me explain you in short, suppose you got someone ID card and register companies and accounts with his names and do high fraud. That person wont know about this. This is true that many organizations doing huge business with our privacies thats why we are here in this crypto farm. Because it is only the way we can trust because its decentralized. Since authorities involve in the concept of centralized exchanges, but we can still trust on big companies but should not provide our identity for few bounty claim. Stay Safe

 

In cryptography, we all trust


Utopia Ecosystem Technology Starts Here 😄

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Most of these projects inquiring for KYC are being force to achieve this because of the law inside their rules and may not always be scam. They simply need to comply for them not to move against the law and if you aren't comfy, there are many tasks that are not requiring this. You just want to do your own home work nicely, like Koinpro, you don't need KYC to alternate and it's far full of wonderful features.

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If we want to use the KYC services Then we will have to verify the KYC services and the it's security than we can use it without any restriction. To verify the KYC it is very easy. We must have the pc or the Mobile to Verify the KYC.

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I agree with you, a lot of SCAM projects ask us to document KYC so we do not have to provide our information for any project or platform that we do not trust, as for me I do not like to use kyc because I like to remain anonymous during work

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On 1/6/2021 at 12:34 PM, Lewis Gregory said:

I do kyc of PI app I know this is real because they do every step very good before this i not give my verification to site because this is not good they know from me if this is fake I will be effect in damage something this is good to know before kyc do.

Do you  trying to mean Pi??  @Lewis Gregory..   If so then its true that they will ask kyc soon to withdrawal  your earning  from there or new strategy ..  Its look like Pi network  is centralization  network  Which  kyc is must but crypto mean decentralization  so pi look like shit project..  Who knows how long it will run future.. 

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6 minutes ago, Lewis Gregory said:

In before some days I see kyc but I not do this I not have passport this is important passport in pi kyc this is need passport in later there is kyc again I know this is real it is look real because alot user use pi and I'm also use pi from long time.

Pi project team Won't force you to provide  kyc now and soon when they update their 3 stage then pi mining opportunity  will be closed as well they will fix a vlaue of pi coin..  After that if you want to withdrawal  your earning  then it Will  be necessary  for you to submit kyc @Lewis Gregory

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Member can know if a site is legit or not, we can make research about a project before we participate on them and if the project is legit youeill find some articles or information about it, else the project is fake. 

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I disdain all new ventures due to the kyc confirmation framework that you demand. As I stated, these tasks are new, mysterious and inconsistent. It is conceivable that you will take our own records and use them in all non-legitimate issues, so we should be careful with this. Honestly, your thought is exceptionally great and ought to be executed as fast as could reasonably be expected. It assists with knowing the solid locales from deceitful destinations

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This is an important news for me. But I am not use kyc before and what is purpose of this kyc. Hopefully this is a feature of this site. Is this platform provide us to use this on other different platform. Help me to understand it.

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It is also a big question to me because how can we easily identify if the site we are engaging is legit specially .stay away from new website till they didn't get a good reputation in market .

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In his analysis, he relies on the experience of Canada and the EU, where in similar products the inflow ratio for Ethereum and Bitcoin is approximately 1 to 4 (i.e., 25%). In other words, if in the first quarter of work for spot Bitcoin-ETF the total inflow was $26.9 billion, for Ethereum it is expected to be at the level of $6.7 billion. In this case, in three months of work, the leading altcoin could rise to $4,400-5,000.   CEO of SkyBridge Capital Anthony Scaramucci believes that the price of Ethereum could rise even higher, reaching $10,000-12,000. Regarding bitcoin, the entrepreneur allows for its growth to $170,000-250,000. The main driver, in his opinion, will be the further institutional acceptance of cryptocurrency. Scaramucci called the approval of spot exchange ETFs an important regulatory barrier breakthrough for attracting new capital. Thanks to this, in his opinion, the share of digital gold in the portfolios of major players will soon be about 3%.   As of the evening of Friday, 28 June, BTC/USD is trading at $60,190, and ETH/USD is in the $3,390 zone. The total crypto market capitalization is $2.24 trillion ($2.34 trillion a week ago). The bitcoin Fear & Greed Index (Crypto Fear & Greed Index) has dropped from 63 to 47 points over the past 7 days, moving from the Greed zone to the Neutral zone.   In conclusion, here is another observation from Matt Hougan. The CIO of Bitwise presented three reasons why long-term investments in both bitcoin and Ethereum are more advantageous compared to investing only in bitcoin. These are: 1. portfolio diversification 2. the opportunity to earn on very different ecosystems and 3. economic benefit.   Considering the difference in the capitalization levels of bitcoin and Ethereum, Hougan believes that 75% of the capital should be invested in BTC and 25% in ETH. According to calculations, over the period from May 2020 to May 2024, the yield of such an investment portfolio is 3% per annum higher than one that only contains bitcoin. However, Hougan acknowledges that in the shorter term, a portfolio including 100% BTC outperforms a diversified one. Moreover, investing only in bitcoin carries fewer risks due to its higher market capitalization and features such as limited coin issuance and a phased reduction in the inflation rate to zero.   NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
    • Добрый день, уважаемые пользователи! Пожалуйста, обратите внимание! У нас произошла смена контактов Telegram, по причине - предотвращения появлений фейков, прошлое имя пользователя было слишком длинное и была высокая возможность изменить несколько символов и визуальные отличий не было бы. По этому мы создали "имя пользователя" максимально коротким и простым. Прежние контакты "имя пользователя" - @Finansovich_exchange (Больше не актуальны!) Действующие (новые) контакты "имя пользователя" - @fin_exc (Актуальны!) Пожалуйста, будьте внимательны, переходите по прямой ссылке которая указана в топике, помните-что мы не обрабатываем заявки в Telegram, все заявки обрабатываются исключительно через наш сайт!
    • В 2024 году уменьшаются запасы долгосрочных холдеров BTC. В мае долгосрочные инвесторы продали 160 000 BTC на сумму 10 млрд$. В июне было продано 40 000 BTC. Также продают майнеры и держатели спотового ETF BTC. Рынок находится в стадии угнетения и большинство инвесторов начинает задумываться о выходе с помощью обменника cryptonet.pro
    • Скоро начинаются листинги по следующим проектам!                                   HAMSTER COMBAT - топ1 тап-приложение (более 150 млн. пользователей). Листинг в июле BLUM - это инновационная биржа в Telegram, созданная экс-топ-менеджерами Binance. На платформе доступен механизм активации фарм-токенов. Накапливаем максимальное количество токенов будущей биржи до листинга. GRASS - Проект предоставляет возможность заработка за счет использования пропускной способности вашей сети. Нужно верифицировать аккаунт через почту и подключить кошелек. Дроп ожидается в конце лета CITY HOLDER - это новая стратегия в Telegram, где нужно создать и развивать свои виртуальные города, одновременно зарабатывая игровые токены $CITY. HERE WALLET -  встроенный кошелек в Telegram, где можно добывать токены HOT. Накапливаем максимальное количество токенов до листинга. ZAVOD - приглашает вас погрузиться в мир производства и заработать поинты ZP. Подробные инструкции по участию доступны по ссылке TapSwap - В игре уже более 30 миллионов пользователей. TapSwap планирует выпустить токен $Taps. Листинг вначале июля.  ClydeTap - новое Tap-2-Earn приложение соединяющее в себе лучшее от Hamster + Notcoin MemeFi Coin - это увлекательный и простой кликер, в котором вы можете зарабатывать токены MEMEFI. Присоединиться можно по ссылке. PixelVerse - является улучшенной версией таких проектов, как Notcoin и Hamster, предлагая более разнообразный геймплей, включая PvP и систему античита. Планируется листинг на таких биржах, как Bybit, Gate, MEXC, KuCoin и OKX в июне. Yescoin - проект выходит с ранней стадии: реализован автобот, который каждые 12 часов автоматически собирает монеты. Опубликована дорожная карта.
    • В видеоролике, опубликованном в сентябре 2014 года исполнительным председателем MicroStrategy Майклом Сэйлором, Ассанж называет Биткойн «самой интересной интеллектуальной разработкой в Интернете» с момента создания сети в 2009 году. Спустя годы после этой речи такие страны, как Сальвадор, и такие компании, как Strike, начали использовать биткоин в качестве инструмента для отправки и получения дешевых и мгновенных денежных переводов по всему миру. Более того, биткоин и криптовалюта стали ведущими инструментами для финансирования глобальных гуманитарных движений.   Однако, по мнению Ассанжа, это даже не одно из основных преимуществ Биткойна. По его словам, одним из лучших качеств сети является ее способность «защищать себя или людей, которые ее используют, от всей мощи любой сверхдержавы». Биткойн нарушает изречение Оруэлла Действительно, биткоин неоднократно использовался как инструмент для обхода санкций, введенных национальными правительствами — к лучшему или к худшему. В 2022 году канадская колонна дальнобойщиков, протестующая против общенациональной вакцинации, обратилась к биткоину для сбора средств, когда традиционные платежные платформы, такие как GoFundMe, заблокировали пожертвования. Сам Ассанж обратился к криптовалюте в качестве источника финансирования после того, как его посадили в тюрьму в Великобритании, в том числе получив более 54 миллионов долларов в ETH через AssangeDAO .
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