When there is money involved, you always (almost) have to go through the kyc verification process which is not only in crypto but everywhere in any financial system.

And whether it is a centralized or decentralized exchange they need to get assured that the users account isn't being used for illegal stuffs, for their responsibility to not create any trouble later or being flagged by regulator bodies for that cause which could damage their company's reputation.

If you are not doing any kind of wrong or have any intention regarding only using for ethical way then there's no reason to get worry about those kyc. It's there to protect their customers and for them too.

I've been using binance for very long time (I don't know what other cex's you guys are using or getting scared to use) neither promoting binance here, bought monero from dex's and sold in cex's and bought huge ltc on cex's and then swap for xmr, same with bitcoin. (No hard problem but i saved huge of my money on bitcoin transaction fee on cex's at a time, it used to have something 8,9$) but now my corn are safe on electrum. I still swap ltc for btc on dex'c and vice-versa but till date I've never got any issues from while using them. Sometime they might asks for another additional documents like electricity bills, passport details, bank statements of six months, whats user occupation is, source of income etc... but if you have valid source of funds then there is no point to get worry about.

In here in my country, we do have ban on crypto (might arrest) a person who talks even about bitcoin or any related on any social media and have to pay penalties for that but anyhow people found good option buying/selling coin and local currency thru p2p at there (or I would say is only the one option to get usdt, none credit card accepted). Sometimes it is also risky to trade with a new dude over there can be a police who lurking out to catch users from there (and this is not new) had arrested many thru out that way.

Though storing bitcoin for a long time in cex's can be a bad idea. They might steal it but for trading, receiving/sending of less amount for short duration, it is ok to use. Also, for a long term I definitely reccomend using a non custodial wallet like electrum wallet where you can easily control 12 words seed phrase and have full ownership of your coins.

Also, I see no wrong on buying coin thru centralized exchanges and then send it back to their cold wallet, I don't understand why people are creating much issues with their privacy regarding, if dude is not a big giant mammal "whale".

When there is money involved, you always (almost) have to go through the kyc verification process which is not only in crypto but everywhere in any financial system.

And whether it is a centralized or decentralized exchange they need to get assured that the users account isn't being used for illegal stuffs, for their responsibility to not create any trouble later or being flagged by regulator bodies for that cause which could damage their company's reputation.

If you are not doing any kind of wrong or have any intention regarding only using for ethical way then there's no reason to get worry about those kyc. It's there to protect their customers and for them too.

I've been using binance for very long time (I don't know what other cex's you guys are using or getting scared to use) neither promoting binance here, bought monero from dex's and sold in cex's and bought huge ltc on cex's and swap for xmr, same with bitcoin. (No hard problem but i saved huge of my money on bitcoin transaction fee on cex's at a time, it used to have something 8,9$) but now my corn are safe on electrum. I still swap ltc for btc on dex'c and vice-versa but till date I've never got any issues from while using them. Sometime they might asks for another additional documents like electricity bills, passport details, bank statements of six months, whats user occupation is, source of income etc... but if you have valid source of funds then there is no point to get worry about.

In here in my country, we do have ban on crypto (might arrest) a person who talks even about bitcoin or any related on any social media and have to pay penalties for that but anyhow people found good option buying/selling coin and local currency thru p2p at there (or I would say is only the one option to get usdt, none credit card accepted). Sometimes it is also risky to trade with a new dude over there can be a police who lurking out to catch users from there (and this is not new) had arrested many thru out that way.

Though storing bitcoin for a long time in cex's can be a bad idea. They might steal it but for trading, receiving/sending of less amount for short duration, it is ok to use. Also, for a long term I definitely reccomend using a non custodial wallet like electrum wallet where you can easily control 12 words seed phrase and have full ownership of your coins.

Also, I see no wrong on buying coin thru centralized exchanges and then send it back to their cold wallet, I don't understand why people are creating much issues with their privacy regarding, if dude is not a big giant mammal "whale".