KYC is beneficial to every genuine crypto user, as it help to fight against fraud by reviewing the identity of every crypto person. Though some person don't like it as it sometimes slow transaction due to delay in approval of KYC documents.
That genuine crypto user will not be so happy when some criminal after will hack into exchange database appear on his doorstep with a big gun and demand him to transfer all his coins to him.
I can't stop laughing, but seriously, this is true, those people who are genuinely happy about this entire KYC "scheme" will be the saddest person in the end, this thing that they are proud of will surprise them by making a huge traumatizing scenario for them, poor souls.
I'm still thinking about joining bounty that have this requirement, but my cryptocurrency instinct never accepts it.
There is no need to be sad if you are doing this with a responsible and successful site. KYC is not reliable for new sites as it will carry some risk along with it but in well-known sites, we will feel safe. So yeah nowadays the number of scamming projects has increased allot better stay safe by staying away from them and use only well known or old websites to make investments in crypto.