Personally I dont like to do KYC for any kind of bounty project. But I like to do KYC for exchange platform like binance,bittrex because it has huge advantage. you can withdraw huge amount of btc/crypto...
I'd say it depends on how much you need to withdraw on a daily basis. Since you mentioned Binance, they have a a 24-hour withdrawal limit of 2 BTC. For most users this is enough. Do you honestly need to withdraw more than 2 BTC per day that would justify going thorough KYC?