Lot of exchanges platform need some I.D verification so you can start to trade and withdraw your money has been deposited by exchange so its better to know first the exchange after that you can trade with no problems to do.
As we speak right now, I think majority of big exchanges ask for this, so we can’t really shy away from these responsibilities placed on us. I understand that many people don’t really by the idea of KYC that is being requested by these exchanges, but Since we can’t create our own exchanges yet, we just have to still abide by their rules and hoping that whatever action they ask us to take in using their services will not work against us in the long run.Let us just hope that things will change later and all these their craziness about KYC will stop, till the extent that even airdrop is asking for us, I have not really seen any of these exchanges come out to tell us why it became mandatory.
