📢 Non-KYC Exchanges: Pros and Cons! 🚀

🔍 What are Non-KYC exchanges?

- Exchanges that do not require identity verification

- Prioritize anonymity and security

📊 Types of Non-KYC exchanges:

- Custodial: Centralized exchange, holding users' funds and private keys

- Non-custodial: Users hold their own private keys

- Hybrid: Combining both

⚠️ Risks of using Non-KYC exchanges:

- Vulnerable to scams and fraud

- Lack of supervision and security

- Lack of transparency, difficult to resolve disputes

📜 Legal regulations:

- Violating AML, KYC regulations can lead to heavy fines

- Restricted operations in many countries

- Users may face legal risks

💡 What do you think about Non-KYC exchanges? Share your opinion in the comments section! 👇