What is verification
Verification is a fairly common procedure for verifying and verifying identity in various areas of human activity, as well as the Internet. We will answer the main question “Is it worth it to go through verification in HYIPs?” And why, because this question worries many investors.
Verification is the process of authenticating data. In life, you have encountered verification of passport data, for example, in a bank. This is done in order to verify whether you have loans, debts and find out other information about you. On the Internet, verification is used to confirm the identity of the owner of the account (s) on the requested site.
The main purpose of verification is to combat fraud.
Here is an example from the popular social networks Twitter and Instagram. These sites verify celebrities in order to guarantee users that this account is indeed maintained by a celebrity. In user profiles that have undergone such verification, this is displayed with a special blue checkmark icon.
Periodically, in cases of hype there are cases when the administration asks for user verification. As far as you know, scans of documents are being requested from you. Sent documents confirm the information that was specified during registration and your attitude to the account.
Typically, they request the following:
1 Scan of an identity document (passport, driver’s license).
2 Photo with an identity document. You must hold the document in your hands in front of your face (selfie).
3 Confirmation of the phone number (by call or SMS).
4 A residence permit or utility bill that confirms your residential address.
When are verification requests requested
There are two cases when they request verification:
1 Verification from the start. To work with an investment project, you need to pass an identity confirmation.
2 Introduction of verification as you go. Such an action is regarded as an impending scam.
Is it worth checking out in a hype project
We believe that absolutely everyone will agree with us. Our answer: under no circumstances.
Firstly, when sending documents to projects of this kind, something that constantly jokes or fears can happen – your documents will be used, for example, to take out a loan. Not quite a bright prospect.
Secondly, after some time investing in HYIPs, you realize what kind of projects these are, their working principle, and so on. Hip has no activity behind him and, accordingly, what is the point of sending documents?
Finally, we say that projects with verification have a much lower cash flow, since not every investor wants to send their personal data. There are exceptions that hipers send fake documents, but at the same time, you also risk that the administration may ask you for a selfie with a document that you will not have and you will lose money that you invested in the project.
We opened the topic of verification in hypes so that our partners are not deceived. If you have any questions, you can always ask them to us and, perhaps, we can help you.
To summarize the main result of the article: verification of self-identity is strongly discouraged and this can lead to fatal consequences.