Quote from: savetheFORUM on June 02, 2022, 08:09:53 AM

Good point and it's true that slowly the anonymity is vanishing from the crypto market and trading but I have a question for you. Since your exchange does not have KYC, it most likely means it is not completely legal as well, if you understand what I mean. And if so, there is a high chance that such an exchange can do an exit scam without any issues.

Please don't get me wrong. I am neither accusing nor speculating that the exchange will do an exit scam but just checking out the possibilities and vulnerabilities associated with a non-KYC exchange. I am someone who used to trade on Cryptopia very actively and after their hack/scam, I am very selective about where I trade and where I hold my funds.

Pro Tip for everyone: Never use exchanges as wallets, I have paid a price and telling you from my experience.

No KYC, anonymity and privacy is exactly what this product was created for. You can learn more about it on the official website of the project https://u.is/en/
I think you should not say that the presence of KYC or something else can save you from hacking or even scam fraud. On the contrary, the most open projects are most often subjected to such actions.
And third, but not the last, many years, effort and money have been invested in the development of the Utopia p2p and crp.is project. And much more will be invested, which is fundamentally unprofitable for developers to do an exit scam. Unlike projects that made a light exchange, they made a lot of promises and then .....