Is KYC needed Always for Crypto Trading?

[montaga]

No.
A legal contract requires at least two willing party's.
Before a KYC can proceed a KNB (Know Your Business)  must be done.
It needs to be established who will see the sensitive private data and every single person who deals with the private sensitive data  needs to be approved. Also any new person who at a later stage has access needs to be approved first from the owner of the sensitive private data.
Handing over private ownership of valuble data to some random stanger (on or offline) is beyond....

[mdashik46]

KYC is not mandatory for all the time. Sometimes asked for KYC bt most of the time i saw KYC is not needed.

[satonako]

Everybody knows what KYC/AML supposedly is needed for but what they really do with this information nobody really knows and the exchanges etc. who require KYC don't provide detailed information about themselves to be fair. I don't want my ID and other personal information to be collected and stored by some commercial entity. I believe that crypto wasn't created for that.
I've been using Bitseven exchange(https://www.bitseven.com) to trade crypto, no KYC needed, very simple and reliable platform.

Why always kyc mandatory?

What are they do with our information if we submit kyc?


I am new in Crypto industry so from 3 month i try to trade on Exchanges i mean Best exchanges like (Binance, KuCoin etc)
So when i try to withdraw big amount like more then 1k - 5k Dollars they asking for kyc so now i really Don't want submit kyc in any exchange.

Please suggest me some exchange where kyc is not needed at all.

Crypto created for no tracing so why kyc?

Is they Tracing us ?

[ngesotcoy]

Exchanges will require KYC if the amount you withdraw is quite large. Phemex doesn't require KYC, below 2BTC have many options for you: binance, bitmax, kucoin, etc ...