KYC is not that bad what people try to say. KYC is here to avoid scamming! Once I thought KYC is destroying my privacy. But now I think it is needed to protect a platform from account farmers or scammers. But don't submit your KYC information on a suspicious platform. I have no problem to do KYC in Bittrex but I will think twice to do in Hotbit!
Actually, Kyc does have a good goal, but there are some people who use it to sell their personal data. it becomes a suspicion, therefore if you want to do kyc then you should check the site because personal data is very important
Make investor interested with IEO or ICO project by giving free way to invest without have using KYC, many investor dislike if find with ICO and IEO project using KYC for investing, without submit KYC we can't invest and participated on IEO or ICO investment project. Investor never give detail data for any one and public investment website because can use for wrong person.