You could also avoid that by creating an account with a non-us based crypto exchange with lax regulation laws. For example, Kucoin or Poloniex will not touch you with KYC demands if you are not a big fish trading hundreds of thousands everyday. Although they could freeze your funds and demand KYC. Not sure how they could manage to do it legally but I am guessing probably something to do with accusing you of being a money launderer or possible terrorist.

Still, as you said its not safe either way and not only is your money in the hands of someone else, who you must trust not to randomly freeze, lose or steal your funds but those same untrustworthy people store your private information and government issued documents?


Thats a no-go for me.

let's admit the reality that exchanges are needed by users to easily convert their crypto to another crypto or to fiat aside from what you mentioned about getting the price of the market easily. when several exchanges offered the p2p services, a lot are grateful that they can already convert their crypto to their own fiat currency. and with trusted trading platforms, they are not worried anymore about getting screwed by other third party services.
hence, the presence of exchanges is indeed vital in the adoption of cryptocurrency. just take note the number of those users who are using binance, or kucoin or coinbase.

Yes, Bitcoin can exists even without an exchange, but an exchange Is needed for many several reasons,
1. To enable easy swapping of Bitcoin to other crypto currency or fiat.
2. To enable easy buy and selling of bitcoin
3. To provide medium for Bitcoin investment, e.t.c

And speakingg on a general scale, exchanges has really help a lot to enable many persons have access to Bitcoin and other currencies as easy as possible, and as such it can never be overemphasized. Because taking myself for example, the very first Bitcoin I had was through an exchange named "Remitano" far back in 2020,  

Yes.
If there are no exchanges, we won't be interested in it because we can't cashout bitcoin into real money and that's why we're here. We're aware of how to withdraw our bitcoins, and sell and exchange them with fiat. If it's not for the exchanges, we for sure won't be here and the actual OGs are the ones remaining and enthusiastic about bitcoin.

If bitcoin exist without exchange it will bring much setback in adoption of cryptocurrency, because the necessary things that makes Bitcoin to put anything in place is exchange, because many of the who invest for Bitcoin are curious to invest in cryptocurrency, their is some people so buying and selling in cryptocurrency and they survive with the profit they make in cryptocurrency, so therefore cryptocurrency should of good position say without exchange it will remain in the hands of who invest on it

And it's going to be harder since it's P2P, then the exchanges have been replaced by P2P platforms that would serve as our escrow and the actual trading exchange that we used to have know.
Well, I guess it's really going there and with technology and innovation, exchanges would still be part of it no matter if it's there or not since everyone is looking for faster and easier access to almost everything right these days. But yeah, exchanges have made it one of the biggest contributions as to where bitcoin and the crypto market is now.

I'd support that they helped but not entirely. We can still do transactions using p2p although exchanges now are also offering that feature just so it would be more secure than doing it directly. More like the middleman or the escrow of the transactions that will happen.
Before, lots of scams are happening and now we could say it's cleaner thanks to them.
Then, there's the easier buying and selling method of every cryptocurrency with value in it.
If it's about the popularity of Bitcoin, a big part of it is from the supporters who stayed until now.

exchanges are important, imagine that a person wants to buy bitcoin and has money in the bank, that person wants to day trade to make a profit. so this person creates an account on a safe and honest exchange and makes KYC and then this person adds his bank card to the exchange and buys bitcoin and then transfers it to another exchange and starts day trading and when that person makes a profit this person withdraws to Bank account. but if there were no exchanges how would people day trade? I see some people complaining that exchanges have a lot of bitcoins with them, man let's be realistic: does anyone here really believe that there would never be KYC or centralization in this market? that bitcoin would only be in this forum and in decentralization being ignored by governments? I don't like to do KYC myself, but I do it because I have to comply with the laws, it was inevitable to have many exchanges and many bitcoins were accumulated in them, it was inevitable to go to centralization, no matter how bad it is

In Indonesia (my country), exchange is very important, because we cannot make transactions using cryptocurrencies at will. There are government regulations that have been set. In our place, cryptocurrencies are just assets that should only be traded on exchanges.
In Indonesia, you cannot buy a cup of coffee and then pay using Bitcoin or altcoins, if you do you can be jailed for at least 1 year or pay a fine of 200 million Rupiah ($12,872.33 today's rate).
That's why a crypto exchange/marketplace is important, at least in my country.