Quote from: JC btc on November 05, 2019, 04:27:18 PM

Quote from: AicecreaME on November 05, 2019, 02:09:24 PM

Quote from: Febo on October 29, 2019, 08:03:39 PM

Quote from: Digitalasset123 on October 29, 2019, 02:11:55 PM

KYC is beneficial to every genuine crypto user, as it help to fight against fraud by reviewing the identity of every crypto person. Though some person don't like it as it sometimes slow transaction due to delay in approval of KYC documents.

That genuine crypto user will not be so happy when some criminal after will hack into exchange database appear on his doorstep with a big gun and demand him to transfer all his coins to him.

I can't stop laughing, but seriously, this is true, those people who are genuinely happy about this entire KYC "scheme" will be the saddest person in the end, this thing that they are proud of will surprise them by making a huge traumatizing scenario for them, poor souls.

I'm still thinking about joining bounty that have this requirement, but my cryptocurrency instinct never accepts it.

Lol, that was so funny, but yeah indeed true at all. Anyway, yeah that's why we should be careful if we don't want our face going viral over the internet with the crime we didn't commit at all, so for me, doing KYC is good for exchange only, but for airdrops, I won't entrust my personal identity, I would not rather join, than using my identity in illegal matters. Still, my reputation and dignity is the most important thing.

We don't viral on internet with submit KYC but if exchange have to use your KYC document like Bittrex what will you do? keep hidden your identity but never can't withdraw your asset in bittrex or only use KYC with big exchange market. many people never show up for internet forum with their document but many investing site and exchange market need for KYC.