Binance may be a very reliable site for exchanging there's no fear of being scammed albeit you are doing KYC here. Allows you to secure your own funds However, within the case of other sites got to work well verified.
Binance may have been a reliable exchange in the past, but Binance can be hacked just as any other exchange. Then your KYC data can fall into the wrong hands and be misused. Binance is constantly changing the location where it is "officially" based on to escape the regulatory authorities. For example, it states that it is based in Malta but in Feb 2020
Maltese authorities stated that it is not authorized to do crypto business in the country. There is therefore no data protection law to which they are subjected. It's naive to think that Binance is safe when it comes to KYC.