KYC is good only for big investor or traders and it is a bad habit by Bounty programs as in my opinion KYC is not needed for those crypto traders which have assets less than 02 BTC and some exchanges like Binance is doing good that they allow the traders equal to 02 BTC without KYC.
totally agreed, there should be an adequate level below which you can buy up without giving up your personal data.
Of course, the main purpose of KYC is to prevent money laundering and illegal activities. That's why the big exchanges in this market do not require people to KYC if they withdraw money below 2BTC.