I trust Binance and I don't care what they do with my KYC because I know they won't hurt their customers, Centralised exchanges have more disadvantages than a dex and the only thing dex claimed to do better is privacy, do you know how many hackers that binance dealt with? Do you know how many stolen fund that binance have recovered.
Well don't surprised if you see a police knock your house and force you to follow them or even imprison you since they suspect you're crypto scammer. Binance already hurt many clients
(Scam) Binance Block Users Withdrawals - You could be the next Victim.. I know Binance has suffered hack on 2019 and they can recover the funds with SAFU, but if the hacker can stole all the funds including hot wallet and SAFU, what does Binance do next? They will collapse like Mt.Gox.