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?
KYC is common.The best thing is p2p but somewhat risky.
Exchange platforms are regulated and its expected that they would really be having this kind of system when buying up directly BTC on them.
All exchanges required to do kyc (Know your customers) but kyc not a good sign of secured. It's should have different verification systems. But p2p always risky and it's should need good deal esrcow.