The impact of KYC on cryptocurrencies.
Bitcoin was created as an anonymous currency operating on the principles of decentralization. The transfer of user data to a centralized exchange completely negates the ideas that were originally embedded in the crypt. Supporters of virtual coins believe that exchanges merge with law enforcement agencies into a single device that makes tokens look like a regular means of payment.
How many times have you heard about hackers stealing someone's money? KYC allows you to avoid such incidents. A conscientious user strives to protect his account and assets, so he chooses reliable exchanges with a solid security system. KYC and AML complicate criminal processes by protecting ordinary users. Therefore, KYC is designed to streamline exchange trading, excluding fraudsters from the process. Supporters of anonymity and decentralization can use exchanges without KYC, but the risk of losing funds in this case increases by a multiple.

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Is it possible to do without verification?
Indeed, it is possible to buy coins on exchanges without KYC — documents are not required on every exchange. Such anonymous services have a number of disadvantages:
the platform disclaims responsibility for the loss of funds;
lack of verification of information about participants;
little-known coins are placed, which can lose capitalization in just 1 day.
Trading in this case is conducted at your own risk. Such cryptocurrency projects include:
decentralized exchanges — the most famous are 1inch, Uniswap, SushiSwap, AtomicDEX and others;
centralized exchanges where KYC questionnaire is not needed - CoinEx, Hotbit, Gate.io , TradeOgre;
various exchange sites and services for exchanging crypts for fiat.
We can recommend only centralized exchanges without KYC, which are listed in the list, other services carry too high risks for users.