what are your thoughts on exchanges with and without KYC? Do you prefer exchanges with strict KYC requirements, or do you value anonymity and privacy more and prefer to use exchanges with little to no verification process? What are the disadvantages and advantages of each approach? And what measures do you take to ensure your anonymity when exchanging cryptocurrencies?
My preferences are less important compared to my requirements. I mean even I prefer to stay away from all KYC things, I am still enforced to clear KYC because my needs are seeming like more important than my preference of protecting my identity. I was trading in bittrex exchange and they suddenly locked my account and when I contacted their support, I was directed to clear KYC. I got no other option except submitting my documents to enable withdrawing my coins.
If I was not into bounty campaigns and if I was not into the need of exchanging altcoins and tokens to BTC then probably I would have stayed complete anonymous by now but after cleared KYC in one exchange then I started get used to it. Still, I use old and reputed exchanges. I am not thinking on future problems as of now.