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.
- In that respect, you have a point, and I don't think most people here in the cryptocurrency industry have understood that.
It may be necessary to make them understand one by one.
Maybe all they see is the privacy issue but not the good effect of it when you give sensitive personal information. And we know that it is mainly kept by centralized platforms for the sake of private information that their traders or clients have.