Here are some reasons why people use non-KYC exchanges: For Privacy The right to privacy and the significance of anonymity have been important elements of the cryptocurrency world for a considerable time. And users want to protect their privacy by not providing their KYC information. Possibility of Using a Wider Variety of Cryptocurrencies Many of the newest cryptocurrencies are available on non-KYC exchanges, which are not available on other exchanges. Don't Want to Wait for Approval KYC verification takes a lot of time. But people don’t have that much time and want instant access to trading and funds. Hence, they use no-KYC exchanges.