Quote from: OrangeII on November 10, 2019, 04:15:30 PM

Quote from: ~Money~ on November 09, 2019, 04:25:09 PM

Quote from: clickerz on November 07, 2019, 04:33:28 PM

KYC is for campaigns and bounties that tend to be abuse by participants. KYC is for the identity of participants and crypto, in general, has nothing to do with this. Cryptocurrency is a mostly anonymous transaction that does not require any KYC.KYC benefits the campaign manager, exchanges banks and government in general because once identified, taxes will follow. Grin

this is absolutely right, i have only 1 experience in KYC in a local exchange service which after few years i learned that site hosting had been hacked and all data leaked in blackmarket

i noticed that once i saw my own passport and selfie was used by someone on another site, but hopefully the manager knew me and suspended that account and warned me not to do KYC any tie at any place anymore

something like this is something that is feared by KYC users. although quite a lot of benefits can be obtained, but there is no guarantee that they can protect the data we provide.

just curious, for what that person uses you did the KYC? Is it dangerous? actually I have done several times KYC.

since that time i have not used KYC anywhere, even had lost my account on an exchange which asked for KYC and i dont regret what i have done and lost few bucks there,
i think i may not do KYC in any other place, unless i can be sure that my information might be safe on that service (which surely wont be 100% as we had seen very big tech services facing hack attempts and leaked their customer information on black markets)

so whenever you wanted to do another KYC, be sure to double think for any possible consequences )