Quote from: el kaka22 on February 21, 2023, 08:50:48 PM

I really do not trust the exchanges without any KYC at all, I mean there are so many laws that bans exchanges to not ask for KYC at all, which means that if we are depositing our money into an exchange that doesn't ask for KYC, that means they are working outside of the law and in that case how could we truly trust them?

Because you aren't supposed to deposit your money to an exchange at all. Proper DEXs let you trade peer to peer, and there are no centralized wallets in which to deposit your coins. Since the exchange never has control of your coins, there is no trust required. The fact that so many people think you must give up all control of your coins to a third party in order to trade them is a triumph of centralized exchange's marketing departments, but a complete falsehood. And I have no idea how anyone can seriously question how you can trust a proper DEX when literally no trust is required, while at the same time saying that CEXs are more trustworthy, despite the fact that dozens of CEXs have collapsed and gone bankrupt in the last few months because they were stealing/gambling/spending users' coins without their knowledge or consent.

CEXs are the least trustworthy platform in existence.

Quote from: tygeade on Today at 08:55:41 AM

KYC is there to protect you, in case someone tries to hack into your account, if you have KYC enabled that means you could provide proof that you are in fact you, whereas hackers won't be able to, because being able to hold a piece of paper that has that days date is not something they could replicate.

So you are willing to give up all your privacy, give up the security of your coins, risk your documents being sold on the dark web, risk your identity being stolen and being accused of money laundering and fraud, all because you can't be bothered to enable 2FA on your exchange account? Wow.