Since joining this forum I have seen reasons why I should cautious about doing Kyc and Centralise Exchanges do ask for it but for a Trader is using Centralized exchanges the best ?
If Yes, what is the most secure centralise exchange to use? because I read that aside from a person identity be stolen, they may lost their funds or not been able to access it and this happened to FTX customers
Is KYC worth the risk? I'm not sure about that, but, is KYC important for everyone to use different platforms and services? Yes, it is, and there is no way to bypass it, so it has to be done sooner or later. Maybe centralized exchanges are not safe, as they can be hacked, your money can be stolen if your account is compromised, or anything can happen, but as a trader, you have no choice but to comply with their rules and regulations.
About the best-centralized exchange, I would obviously recommend Binance as it is the leading exchange and the no. 1 in the world at the moment. I've been using it myself for years, and never faced any problems personally. Just make sure you enable all kinds of account security metrics.