This would be a good read up.
https://www.thomsonreuters.com/en-us/posts/investigation-fraud-and-risk/kyc-risk-based-approach/

KYC is something that do exposed all of your information and we know that it could leaked out and could be
sold off on darkmarket.Yes, you had done nothing illegal but do you allow on something like this.

https://i.imgflip.com/5wreql.jpg

Kucoin is currently on Rank 5 by adjusted volume. Before Kucoin is really on the bottom of the list, but as time goes by, they are climbing.
But if Binance compares to Kucoin, it's still very far for me, especially if we will measure it on the volume, not even 50%.

But there are lot of things that why you should use Kucoin instead of Binance sometimes, especially for me when you are hunting a hidden gem altcoin, because most of listed altcoins in Binance is already pumped or ROI is likely low.

Another thing is why I am still using Binance, is because their P2P. It's really easy to convert your fiat currency to cryptocurrency or vice versa.

It may worth taking a look here: https://www.binance.com/en/fee/cryptoFee

You can withdraw only coins that you have in your balance, or you can convert everything in one coin (Bitcoin, etc) and withdraw it all or partially.
Note that in near future Binance may also remove the withdrawal option for unverified accounts, so I would suggest that you either withdraw coins now or submit verification details.

Why not tell your friend to make a Binance account so that you can directly send BTC to him and exchange it into fiat through P2P?

Adding another payment method to your Binance account should be the same name as what you use in your Binance account. So you can't able to use other's bank account to exchange crypto to FIAT.

It is against their policy.



Can I ask what's your purpose OP? You can wait for the money to land to your bank account then proceed to transfer them to non-binance person either thru their bank/somewhere else.

It is part of reasons only.

Sam SBF and FTX decided to separate from Binance because they now would prefer to compete against Binance. They think their exchange are growing up and big enough to compete against top exchanges exclusively Binance.

I don't think the separation is simply because issues of Binance with law, regulations, etc. FTX on their side are very careful to meet regulations and do preventive activities against law suits. It is a good strategy to build up a trusted exchange without or with at least drama as possible.

My vote goes to FTX is also because they give very cheap withdrawal fee for users.

Just be careful not to use it as long term storage.

That leaves only 190 and so countries, do you expect to get any real information with that many details you've rained upon us?
Non-US can mean China, Germany, Salvador or Afghanistan, I'm willing to bet that nobody will ever be able to provide you a solution that would be the cheaper for ll four of them.


You just managed to contradict yourself in the first line.
I don't understand why people say P2P is the cheapest, with the P2P markets the seller/buyer is treating this as a business, he's making money out of this and you're going to have to pay for that when you're dealing with them. Have you ever seen a seller on P2P giving you a better price than the spot orders?


 

Stop to recommend the binance p2p marketplace. It's one the worst to use. People are so funny, they shitpost here and there about decentralization, pseudo-anonymity, etc but as you can see they don't follow their own advice.

There are better alternatives than Binance. Why bother with a website in which you will need to upload a personal document. If you're ok with then perhaps you have nothing to do in the crypto world and you should rather stay using fiats and banks. You don't even know what payment the guy is looking to use.

Definitely one of the last to use

As for @OP, I agree with the post above. If you don't say anything about your area or payment network, nobody can advise you of anything useful. People will just fill the space listing everything, even the useless one. Are you using, swift, sepa, ach,...