KYC is like a two edged sword at present. One it helps to alleviate the problem of bounty cheaters, and unfortunately there are too many of these, so many of them steal my identity to earn stakes, which is abominable and desperate, but on the other hand our privacy gets more and more invaded. So what is the solution to this dilemma? I personally do not mind doing KYC for the bounties, but the bounties also have to pay us and give us a decent return on our time and trouble and not scam us with useless tokens that never reach an exchange.
I'm just doing KYCs for airdrop and bounties in famous exchanges. I have to make sure that my identity is safe and not used by random people to do a crime or scamming others.
So, if it's not so famous platform asking for KYC, i would definitely say no
I still do KYCs but only on credible platforms. As long as you still participate in cryptocurrency buy and sells especially at ICO and exchanges, KYC remains mandatory. You can only be careful with the platform you deposit your personal information to ensure that they have user data protection policies duly abided by the platform.