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?
However the ones that ask your KYC, even though annoying it might be, working with the officials to make that happen, otherwise why would they need your KYC, not to put your face on their bedroom wall, which means that they are at least a bit more credible, such as if anything happens they may go to jail, just like how FTX screwed up, but didn't get away with it, knowing that prevents scammers a lot.
Even with those verified or regulated platforms cant really be fully trusted 100% but it is way more better compared into those platforms which arent that regulated. Come to think that there are even
platforms as of this moment that arent asking for some verification but still you could be able to make use of their site features if you are really that intending to deal up with crypto space.
Regulation do really come tighter as the years passing by and its not surprising that we do really becomes even more stricter for whatever things that deals up something with money.
You would expect that government would really be always loving to have involvement.