Quote from: qwertyup23 on September 09, 2023, 06:08:58 PM

Quote from: Altcoiner007 on September 05, 2023, 10:51:54 AM

Privacy is important when it comes to Cryptocurrency, so why do exchanges like Bitget require KYC (Know Your Customer) for all users, even those who only want to get airdrops? I thought KYC should be for those transacting many Bitcoins, Is it really necessary for everyone?

I do think that there are CEX that do not require any KYC but be wary of these exchanges as you should not keep your BTCs longer on them.

Most of the exchanges have KYC in order for the platform to provide security for both of the parties. This guarantees the exchange that they have your personal information and no shenanigans can be executed. In effect, exchanges require KYC for both of your security.

While this may be the case, I do recommend that you register in an exchange that do require KYC.

Yep, there are still some of them I believe but these exchanges are fishy, because these days, most popular or reputable centralized exchanges already need to undergo KYC, and it's rare to see some that don't have it. Because for sure most of these exchanges are embracing this centralized thing, just to avoid such scammers or criminal activities.