Day in day out there are new projects requiring kyc from investors
Exchanges requiring kyc, for some in order to maximize your ability to withraw large sums of cryptocurrencies and some even before you can trade on the exchange
The bigger question is how safe are our kyc documents?
We know that our documents submitted as a check to KYC exchanges will never be safe. There will always be some risk of hacking and theft of this data. Everything on the Internet, everything is at risk of being hacked. Especially attract the attention of various fraudsters of the exchange, where multimillion-dollar amounts are concentrated. Therefore, it is better to transfer small amounts through exchanges and not undergo such checks, and keep your money on the exchange if possible, not for long.