Quote from: LogitechMouse on Today at 04:58:32 PM

KYC is the most dumbest thing that's ever created that's related to cryptocurrency.
I mean we all want privacy as much as possible right. The problem right now is that, if we really wanted to buy some coins, we need to do KYC in various exchanges. I don't know if there are some exchanges (aside from DeFi) who aren't doing KYC for their customers.

As much as possible, we don't like KYC, but it's required and will be required if we really want to buy and sell cryptocurrencies. TBH, I've also done KYC in Binance just so that I can buy certain cryptocurrencies. I don't like it, but it's needed in order for me to use their other services, and there's nothing that I can do. Yes, it's dangerous, but is there other way for us to use a particular platform without sharing personal information to them?

In the end, it will be a choice between just sharing your personal information, or not using the platform at all.

There are still ways to buy bitcoin without KYC. And there are still exchanges that don't require it. I highly recommend to buy some anonymous bitcoin while you can.

But anon bitcoin and hold it. You can still use your KYC bitcoin but anonymous bitcoin might become more valuable one day just because of the anonymity.

I'd personally pay a little more for mined bitcoin that hasn't been traded on an exchange, and, I'd pay more for older mined bitcoin than newer mined.

Too bad there exists no area where people can just meet each other IRL (in my area) and buy or sell bitcoin. Everyone in my town exclusively wants to buy and no one is selling.