Post
Topic
Board Beginners & Help
Re: Why KYC is extremely dangerous – and useless
by
Bacchu
on 20/03/2020, 19:04:15 UTC
At first KYC was excellent but later KYC became very dangerous I even have never used KYC since the start it seemed fake to me. they struggle to hack the ID with our personal information. That's why we should always all be vigilant and keep everyone faraway from KYC.
Personally I dont like to do KYC for any kind of bounty project. But I like to do KYC for exchange platform like binance,bittrex because it has huge advantage. you can withdraw huge amount of btc/crypto and your problem within the exchange will be solve easily. so its good to do KYC for exchange. but for bounty project its not good at all. because most of the bounty project are fake and they are just trying to collect our personal data and so why KYC is very risky for us.