Although I hate Binance for KYC, they did a good job in keeping up the volume of the exchange we've all made money through this exchange at some point. They were hacked once which they've also spent their own money to give back what is lost to the clients affected.
Those are Relatable issues with me which things i also feel that about KYC. Still i using this exchange without KYC. In Binance exchange all of the listed coins trading volume are always continuing very high that's why overall Binance is the top rank exchange also reputed. When it was last hacked i have fund and i got it when they refund from their own (safu) fund. But now i'm a little bit careful i didn’t hold here, i moved my fund in my personal wallet where i can control my funds.
They only KYC the large investors don't they? I know a lot of people using it for years now without ever having to pass any kind of KYC procedure, nothing. I thought that that is a question of the limits you are willing to trade in a certain time interval. Anyway, they always provided a good and reliable service, essentially no downtime and very quick matching engine with no slippage. Some exchanges are so brutally slow even when you just open the website.