Quote from: Zedpastin on Today at 10:45:46 AM

Quote from: o_e_l_e_o on Today at 10:35:13 AM

As someone who has only ever traded peer to peer, and has never be scammed, phished, hacked, or otherwise lost coins even once, i would argue that peer to peer is far safer than trusting a centralized third party completely with both your data and your coins.

At least by using peer to peer you are reducing the amount you can lose. If you have a bad experience with one trader then you can find a different trader and only lose the amount that you were trading. If a exchange exit scams you will lose all the money that you have stored on that exchange and they could sell your data as well. Of course you should not be storing all your Bitcoin on a exchange and should only store what you intend on trading but I bet most people do not listen to this advice and store all of it because it is easier.

In terms of p2p, I only trust binance p2p so far. Haven't tried others. Even if they require KYC, that's fine for me. At least, I know that platform is a trusted one. I care for privacy but I won't entrust my funds to other sites which you have no insurance, in case hacking or any trouble is met by the site. But I do agree, only small percentage of crypto users really do care about their total privacy. I guess, a lot here at some point submit their kyc to their local exchange or other exchanges.