No KYC refers to a practice where users can engage in transactions or access services without having to submit personal identification or verification documents. KYC stands for “Know Your Customer,” which is a process that businesses use to verify the identity of their clients.In many cases, platforms that require KYC aim to comply with regulations and prevent fraud, money laundering, or other illegal activities. However, some users prefer to avoid this step for privacy reasons or to maintain anonymity.No KYC options are popular among those who value privacy and wish to have more control over their financial information. They allow users to trade, exchange, or participate in decentralized finance (DeFi) without exposing personal data.While this can enhance user privacy, it may also come with risks. Platforms that do not require KYC may be less regulated and could be more susceptible to scams or illegal activities. Thus, while no KYC can offer freedom and anonymity, it’s essential for users to exercise caution and do their own research.