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?
The need to pass verification on Binance is not only to increase the daily limit for withdrawing money. Passing KYC allows you to use additional services of the exchange. Only after verification you will be able to take advantage of margin trading and futures. In addition, you will be able to restore your account if you lose access.