The advance of technology can coincide with a loss of privacy. As more of our information is shared online, it’s often easier for others to access, whether cybercriminals, governments, or companies trying to mine your data to sell you something.

For those who want more privacy when conducting financial transactions, such as some crypto traders, using a no-KYC exchange could be the way to go.

KYC stands for Know Your Customer. While it varies by jurisdiction and company, it’s a legal requirement that generally involves a financial institution or related platform verifying your identity. It’s often used to comply with regulations, such as those around anti-money laundering, but can sometimes be burdensome…