KYC (or identity verification) is not favored by many crypto users.
In fact, cryptocurrencies were created as anonymous and decentralized tools based on public ledgers, but obviously without the publication of users’ private personal data.
However, when centralized exchanges began to emerge, which were widely used from the start, they inevitably had to comply with the laws of the countries in which they operate, where user identity verification is almost always legally required.
The acronym KYC is used to identify the process of verifying customer identity on centralized platforms, which stands for Know Your Customer, therefore, those platforms that do not require identity verification are called non-KYC.
First Point: Fiat Currencies
Fiat currencies technically cannot be used on decentralized platforms because they are not designed to be used anonymously in electronic or digital form.
The only truly anonymous way to use fiat currencies is through paper banknotes,
We współpracy z: https://en.cryptonomist.ch/2025/12/27/guide-to-operating-on-non-kyc-crypto-platforms/
