actually i have big question here about KYC, why we should avoid it meanwhile investing in crypto market will let everyone know our assets. and also alot beneift by passing KYC process in decentralized exchanges, beside higher withdrawl limit we will also get another benefits. for example binance user, recently give NFT to verified users and also give another key feature which is limited for unverified account.
The reluctance to undergo KYC is primarily due to the fact that users want to maintain their anonymity, since in this case there will be no information about the owner of the wallet and the transactions they make. In addition, the lack of verification allows you to evade taxes.