What documents do I need to upload in order to undergo the KYC procedure? Can uploaded documents fall into the hands of third parties?
You need to upload your passport (or other government issued ID) and a 2nd document, verifying your current place of residence.
All the files are stored confidentially on Amazon servers.
watch out this is tricky. Afterwards they tell this to you.
only with pasport and other document you get tokens.
Lot of people dont want to do this. And thats understandable.
Why do you think that KYC is a trick?
The know your client (KYC) procedure is required by the banks and exchanges.
As our token sale agreement did not allow for US citizens and other restricted persons to participate in the sale, the KYC procedure allows to verify citizenship and make sure the token holders comply with those rules.
And after KYC our company will be able to open bank accounts in trustworthy banks but not in shady organizations.
10 out of the 14 largest exchanges on the market do not allow to conduct any operations to withdraw funds without going through a KYC (at least, a passport). To increase the limits, they ask for additional verification. And only 1 of the 14 exchanges allows you to start and withdraw fiat without KYC (and only in Japan).