Up until now, I thought the only way to convert fiat to BTC is through KYC exchanges. It seems like there are alternatives such as Bysk. Did I shoot myself in the foot by purchasing through KYC exchanges?
its an old way before you can buy bitcoin from exchanges. But nowadays it's not recommended at all since mostly exchanges are not safe from hacking. By the way what do you mean Bysk? If it's a new exchange or whatever it's because to be honest i never heard such name before. So i suggest to buy bitcoin through binance, latoken or any legit platform to secured your money from scam exchanges out there.
Well, I smell something this OP trying to shill this exchange OP said
[Bysk].
However, there are too many alternative ways to buy bitcoin without KIYC, on P2P exchanges that mentioned on the first page and also perhaps bitcoin ATM considering that you can purchase bitcoin without KYC but I think in a limited amount only. Yes, Binance is also a good crypto exchange if you purchase bitcoin under 2 bitcoins. However, why do we need to be afraid to have KYC, this KYC for me is fine and there is nothing wrong with providing KYC, if you know how this will help to reduce causing of crimes, you will be amazed.