Guys if You want to trade on localbitcoins
Just little ammount like 30-50 $ you are going trhough some very Strong KYC.
THE Question is is that really Neccessary?
The other Question is how we can trust someone who collection our Information?
I think this is serious subject!
Instead of Checking the regular retail trader nobody Don't check what the Exchangers are doing? They can do what ever they want its no laws Wild West still!
My Question is Why the retail trader are most checked? You do KYC Even for small money?
And You are giving ur Information to just someone who might do Something Bad with it.
KYC is sadly necessary as of the Money Laundering law but I totally agree with you. The lack of Security with KYC even on Major Exchanges like Binance showed me not to Trust more so easy when it comes to Sharing my Personal ID etc. I hope we will have completely Decentralized Exchanges in the future where you can Trade large amounts completly anonymous. Binance DEX is a Right Step but iam still not a lover of Binance & CZ.