So, 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?
I do like to keep my privacy safe and avoid KYC, but the top exchanges make it mandatory to do your verification. I know there are many ways those exchanges can avoid the mandatory KYC verification, but they won't do it. And if we are to use the best one out there, we have to go by the rules and do it anyway. I don't think that's fair. Data breach has been an issue for a long time now, but as we have to use it anyway, then better to choose the best one out there. Those which got a good reputation, I won't mind sharing my personal info, tho I feel kinda unsecure doing it too. I would be good to have a decentralized exchange (there are many already out there). But they don't seem appealing to me to put my trust in them.