Binance however - they claim you can trade ( funds in - funds out) without having to provide KYC (if you stay under 2 BTC per day). This is not the case.
It is not limited to Binance but extends to all financial institutions, the third party must be reliable, and you give the disposition of your coins until you withdraw from it.
I agree with the @OP that "all exchanges are not recommended for trading" but allocating specific platforms is a misuse of this item.
From my point of view, cheating is to establish a new kind of centralization by creating more shitcoins that have made all decentralized cryptocurrencies "including bitcoin" somewhat centralized.
Not your keys, Not your coins