But people dont like pass KYC on exchanges and a lot of top exchanges dont have KYC (Binance, Kucoin, Bibox and many more).
When you going to launch exchange?
I think KYC helps to keep your exchange account secure. Its meant to protect the user not just stress em. Ill like to know that the KYC process ends in a few steps and users personal data wont be leaked.
I sincerely don't know how kyc helps to keep my account secured, will appreciate if you can elucidate. I've always thought that with a strong password and 2fa, my account can be secured.
KYC helps the exchange platform to keep track of the financial activities of your account so as to ensure attackers and fraudsters are kept at bay