It seems to me that crypto exchanges that require KYC will disappear in the near future, because more and more people do not believe in the security of their personal data. Exchanges do not guarantee safe storage of personal information and do not destroy personal data after their closure.
No one knows where personal data will go and how it will be used. I use only exchanges without KYC, such as BingX.
Yeah , we must be careful to share our privacy data.
But almost all exchange ask KYC if we want to do transactions there.
Honestly, I don't like this.
But, I'm trader in binance.
I think Binance , Kucoin, Blank will keep our data.
If you prefer use exchange without KYC such BingX, it depends on your consideration.
I still believe in reputable exchange. I think It's safe.