Reasons for hectic KYC verification among air drops and new coin claiming websites?

[Stardom22]

I have seen many people participating on airdrops and at the end of it all they fail the KYC verification process and end up loosing all of the claimed or mined crypto coins. What is your take on that?

 

[magnus2022]

Making money involves risk. Sometimes, you may not be fortunate enough. As far as airdrop is concerned, i have been fortunate enough. But we will not stop because of few scams here and there. I will continue but not with full hope that every airdrop will be huge success.

 

[Stardom22]

It's not until now that l have really understand participating in the air drops is not a guaranteed money bringing venture but something to guess like.

 

[Nomad]

I don't know about companies and websites requiring KYC for airdrops but most crypto servcies require KYC because you are dealing with finances.

 

[Stardom22]

KYC is a mandatory thing for one to claim the mined tokens on the air drop and bounties for sure

 

[eLdavis]

I guess they are simply trying to create a safe environment for everyone, a space free from fraud and so on.