~snip~
But we cannot deny that centralized exchanges have also brought their fair share of issues, one of the most obvious ones is that now many people prefer to keep their coins at exchanges so they can trade and invest as soon as there is a big news, but this compromises significantly their privacy and the true ownership of their coins, two aspects which are incredibly important and which are disregarded by a great deal of traders now.
About privacy it is the decision of each user. about centralized exchanges of course some of them require KYC completion to find out who their customers are, because this is also to tackle criminal acts such as money laundering and other things. If you want to use an exchange that does not include KYC, you can use a DEX exchange because it is a decentralized exchange that is directly linked to your wallet. Exchanges like Binance require KYC to withdraw a certain amount of assets, but security is guaranteed. But remember once again, not suitable for those who are very concerned about privacy more than anything else..