Binance.US · Binance.US Privacy Policy

Data Retention Post-Account Closure

Medium severity
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What it is

Even if you close your Binance.US account, the company retains your personal and financial data for extended periods to comply with anti-money laundering (AML) and know-your-customer (KYC) regulations.

Why it matters

Closing your account does not mean your data is deleted — Binance.US keeps it for regulatory compliance, which limits your ability to fully erase your digital footprint.

Institutional analysis (Compliance & legal intelligence)

Data retention obligations under BSA/AML regulations (31 CFR Part 1010) and FinCEN's Customer Due Diligence (CDD) rule require retention of records for a minimum of five years, creating tension with state-level deletion rights under CCPA and similar frameworks.

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Consumer impact

Binance.US collects extensive personal and financial data including government ID, transaction history, and device behavior, and may share this with third-party marketing partners, affiliates, and law enforcement without requiring a warrant in some circumstances. Users' data may be retained for extended periods to comply with financial regulations such as AML and KYC requirements, meaning closure of an account does not necessarily result in deletion of personal data. You can opt out of data sharing for marketing purposes or request access to your personal data by contacting Binance.US through their privacy request portal.

What you can do

⚠️ These actions may provide transparency or partial mitigation but may not fully address the underlying issue. Effectiveness varies by jurisdiction and individual circumstances.
  • Delete Your Data
    Submit a data deletion request through the Binance.US privacy rights portal. Note that data required for AML/KYC compliance will be exempt from deletion and retained per regulatory requirements.

Applicable agencies

  • Federal Trade Commission (ftc)
    Oversees unfair or deceptive business practices and can investigate companies that mislead consumers about data collection, sharing, or use.
    Who can file: Anyone affected by the company's practices (US or international)
    What you need: Your account details, a timeline of relevant events, and a description of the specific issue
    What to expect: Complaints inform FTC enforcement priorities and investigations but do not result in individual resolution or compensation
    File a complaint →

Provision details

Document information
Document
Binance.US Privacy Policy
Entity
Binance.US
Document last updated
March 24, 2026
Tracking information
First tracked
March 8, 2026
Last verified
March 9, 2026
Record ID
CA-P-00065002
Document ID
CA-D-00065
Evidence Provenance
Source URL
Wayback Machine
SHA-256
a938663e494f282cf3bd25c31e6815f47e9fed6d1cb316e067e63a35bced1174
Verified
✓ Snapshot stored   ✓ Change verified
How to Cite
ConductAtlas Policy Archive
Entity: Binance.US | Document: Binance.US Privacy Policy | Record: CA-P-00065002
Captured: 2026-03-08 13:42:16 UTC | SHA-256: a938663e494f282c…
URL: https://conductatlas.com/platform/binanceus/binanceus-privacy-policy/data-retention-post-account-closure/
Accessed: April 4, 2026
Classification
Severity
Medium
Categories

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