KYC-Know Your Customer

[Sumayya 493]

12 hours ago, habiba50 said:

I do not deal with websites or companies that file documents. I prefer to keep my identity anonymous.

Most of us will live that but sometimes it is not possible you have to do it, to access the website

[Akbor 1042]

On ‎1‎/‎12‎/‎2020 at 11:35 AM, Emon18 said:

KYC means know your coustomar whis is very important in cryptocurrency project.     By this the authority can know the details about their coustomar 

Right kyc is mainly for doing secure of the wallet or any account and many platform ask for kyc to their customer so that the scammers cant scam.

[Investors Blog 385]

On 11/11/2019 at 4:39 PM, Joker said:

I am always wary of KYC. Recently, many exchanges and sites require it to pass. Do you think it is necessary to be afraid to provide documents and if so what problems may be with this ? If who rebuffed with than the unpleasant or with somehow any fraud associated with transfer passport data for (KYC) share with us. Thank you in advance.

No no, If your not planning to use an exchange for long term or you will just sell or trade small amount of coins/tokens then ignore KYC request made by Exchange admins. That's why we are using crypto and not FIAT to prevent something like this from happening.

[Ridam 7455]

Cryptos are for us to hide our identity as they are Decentralized but these exchanges and AirDrop are asking us our government papers i don't like such task and never do participate in such AirDrop, what if they misuse or information or sell it ? Who is responsible after that it is we so I don't recommend anyone to share information with any sites or AirDrop specially the new one

[Red-Jones 1150]

On 11/11/2019 at 12:39 AM, Joker said:

I am always wary of KYC. Recently, many exchanges and sites require it to pass. Do you think it is necessary to be afraid to provide documents and if so what problems may be with this ? If who rebuffed with than the unpleasant or with somehow any fraud associated with transfer passport data for (KYC) share with us. Thank you in advance.

 

It is necessary to know who owns the exchange before making KYC, because the person may run the risk of making KYC in a shady exchange and then the owner of that Shady exchange can take your documents and sell on the black market and some scammer can buy your document and then commit some crime and you will be guilty of the crime

[Syedbesharat 5423]

On 11/11/2019 at 1:39 PM, Joker said:

I am always wary of KYC. Recently, many exchanges and sites require it to pass. Do you think it is necessary to be afraid to provide documents and if so what problems may be with this ? If who rebuffed with than the unpleasant or with somehow any fraud associated with transfer passport data for (KYC) share with us. Thank you in advance.

Always make good background check on any exchange where you are going to register then do not do KYC  instantly .Take some time and read all.rules regulations of form.You have to know how much you can withdraw without KYC.After KYC what is your account status.These things should be known.

[Ionescu 115]

I think KYC is good for some websites like Binance because you can trust this websites that they will keep your data and information safe. But I wouldn't trust a new project to complete a KYC for them

[Harris123 281]

Some projects require KYC for joining them and they are legit to.But some can be fake. So before KYC verification about the project is very essential.

[Sagor 500]

On 1/12/2020 at 11:35 AM, Emon18 said:

KYC means know your coustomar whis is very important in cryptocurrency project.     By this the authority can know the details about their coustomar 

this process is very much secured in many trusted sites but there are some sites who asking for kyc and they are not giving it secured.

[Muhammad atif iqbal 569]

On 11/22/2019 at 1:26 PM, Ipal said:

Yes, I'm worried that if I have to provide my personal data like Kyc, it's very dangerous because our personal data can be misused, our personal data can be sold and there are companies that accept the data.

You are right I did not understand why the exchange required our personal information if we put our capital on their exchanges in these days everyday new Crypto exchange will be launched and their first requirement is to do KYC and they offer tokens of shit coins they stole our personal information and sell to the others i did not provide my personal information to other

[Sid 589]

I also really don't want KYC because of the risk of personal data being misused. But now KYC is required, usually to avoid multiple accounts

[energyl33t 443]

Just now, Maruf Alam said:

I agree with the reasons for securing assets and crime, such as money laundering and the rules of a country. but in my opinion the kyc verification system is a bit annoying.

It's very dangerous because our personal data can be misused, our personal data can be sold and there are companies that accept the data.Goving kyc is a very serious thing and you must carefully check whether the exchange is to be trusted before you gibe them any of your information.  .

 

Yes, KYC is annoying and dangerous but you can complete a KYC on popular-safe sites and dont worry, i think KYC created because of crypto-anonimyty for criminals

[Maaz sultan 265]

On 11/11/2019 at 1:39 PM, Joker said:

I am always wary of KYC. Recently, many exchanges and sites require it to pass. Do you think it is necessary to be afraid to provide documents and if so what problems may be with this ? If who rebuffed with than the unpleasant or with somehow any fraud associated with transfer passport data for (KYC) share with us. Thank you in advance.

I dont know about it i dont think that the kyc is required because their is lots of exchanges who don't want kyc but i think it for the costumier security.

[Lunaa 238]

Actually KYC or Know your costumer is a procedure some exchanges required us to do to prevent something unnecessary to happen in the future. Such as money laundering, or for illegal activities. It's okay as long as the website that asked for KYC is very trusted. But, you need to know. If the website was hacked, there's a chance your data may be leaked.

[babaji 1228]

I dont support anyone asking for KYC. Why do you need my KYC, when you cannot protect your servers from hackers. Data from facebook was leaked, so if facebook can be hacked, if yahoo can be hacked, how do you assure me, that the data of my personal details wont be leaked. 

[Amirul Islam 382]

On 11/11/2019 at 2:39 PM, Joker said:

I am always wary of KYC. Recently, many exchanges and sites require it to pass. Do you think it is necessary to be afraid to provide documents and if so what problems may be with this ? If who rebuffed with than the unpleasant or with somehow any fraud associated with transfer passport data for (KYC) share with us. Thank you in advance.

After crypto bann in India many projects run kyc system. Because there are many illegal activities occure through it. For reduce the activities many exchanger and projects run this programme. After completing any kind of transaction we can track him.

[jacker 1095]

in fact there are many cases where KYC verification is required, and it will be difficult to continue without verifying it. In fact, KYC helps ensure your security

[Opinder 1310]

On 11/11/2019 at 2:09 PM, Joker said:

I am always wary of KYC. Recently, many exchanges and sites require it to pass. Do you think it is necessary to be afraid to provide documents and if so what problems may be with this ? If who rebuffed with than the unpleasant or with somehow any fraud associated with transfer passport data for (KYC) share with us. Thank you in advance.

Just work with best exchanges like coinbase or binance. These exchanges are not going to miss use your personal documents. Because they have big  businesses so they are not going to scam. I have not faced any problem because I work on these exchanges.

[Merytis 21]

I feel here is no predicament with such procedures ended by exchanges/services website, they fancy to ensure that they are not invaded by account

 

[Rickso 768]

On 11/11/2019 at 9:39 AM, Joker said:

I am always wary of KYC. Recently, many exchanges and sites require it to pass. Do you think it is necessary to be afraid to provide documents and if so what problems may be with this ? If who rebuffed with than the unpleasant or with somehow any fraud associated with transfer passport data for (KYC) share with us. Thank you in advance.

kyc is necessary to help authorities to fight the money laundering, so exchanges are forced to do than otherwise the cant work in determinate countries.

 

this doesn't mean that you need to do kyc everywhere because most site are scam site that just want your identity to sell it in illegal markets. you need just to be careful in which site you are doing the kyc

[kare 105]

On 11/11/2019 at 9:39 AM, Joker said:

I am always wary of KYC. Recently, many exchanges and sites require it to pass. Do you think it is necessary to be afraid to provide documents and if so what problems may be with this ? If who rebuffed with than the unpleasant or with somehow any fraud associated with transfer passport data for (KYC) share with us. Thank you in advance.

Most exchanges are been regulated by different country that is why some of them are asking for your I'd so that they can use it to know all their customers in their sites. So nothing is really bad in kyc exchanges.

[maxiway 44]

not crazy, who uses these sites with kyc are crazy, what do they know what they do with that data, there is your ID, photos, and much more, what a bad procedure for the delivery of those airdrop that sometimes nor have value.

[tienda 8776]

Yes of course I agree with you also I am always wary of KYC. Because I dont understand why they ask our date for thing still is not regularized, what they are doing with our information data? we dont know!

 

 

[Amir YT 202]

On 11/11/2019 at 2:39 PM, Joker said:

I am always wary of KYC. Recently, many exchanges and sites require it to pass. Do you think it is necessary to be afraid to provide documents and if so what problems may be with this ? If who rebuffed with than the unpleasant or with somehow any fraud associated with transfer passport data for (KYC) share with us. Thank you in advance.

After announced crypto as illegal tender in India country we got this service on many exchangers and wallets. I think it's important for crypto market. Because we can trace any illegal payment through it. And illegal activities will reduce.

[Kijin 3]

I think users should have the right to anonymity to avoid identity theft, especially in the cryptocurrency world, when many hackers and scammers want to get your data. But I think it can help if you have a problem and you need proof. I think this information will be good for everyone.