Binance.US · Binance.US Privacy Policy · View original document ↗

Financial Account and Transaction Data Collection

High severity High confidence Explicitdocumentlanguage Unique · 0 of 325 platforms
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Document Record

What it is

Binance.US collects bank account numbers, cryptocurrency wallet addresses, transaction records, and payment information from users in connection with account funding, trading, and withdrawal activities.

This analysis describes what Binance.US's agreement states, permits, or reserves. It does not constitute a legal determination about enforceability. Regulatory applicability and practical outcomes may vary by jurisdiction, enforcement context, and individual circumstances. Read our methodology

ConductAtlas Analysis

Why it matters (compliance & governance perspective)

Financial account data and transaction records are highly sensitive and subject to specific regulatory protections. This data is retained by Binance.US for regulatory compliance purposes and may be shared with financial partners, regulators, and law enforcement.

Recent Activity

This document changed recently

Medium May 5, 2026

The updated privacy policy now discloses that Binance.US collects information from interactions with AI chatbots, including prompts, market research, and uploaded information. The policy states this …

Medium Apr 19, 2026

The updated policy explicitly authorizes Binance.US to disclose user information to law enforcement, government agencies, regulators, financial institutions, and industry partners to detect and preve…

Medium Mar 12, 2026

The updated policy now explicitly states that Binance.US may disclose customer information to law enforcement, government agencies, regulators, financial institutions, and industry partners to detect…

Consumer impact (what this means for users)

Users' bank account numbers, transaction histories, and payment information are collected and retained by Binance.US. This data may be shared with banking partners, payment processors, and regulatory authorities, and is subject to retention requirements under financial services regulations.

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.
  • Export Your Data
    Submit a data access request through the Binance.US privacy rights portal to obtain a copy of your financial account and transaction data held by the company.

How other platforms handle this

PlanetScale Medium

When you visit the Careers portion of our websites, we collect the information that you provide to us in connection with your job application. This includes but is not limited to business and personal contact information, professional credentials and skills, educational and work history and other in...

American Airlines Medium

American does not knowingly collect personal information directly from children – persons under the age of 13, or another age if required by applicable law – other than when required to comply with the law or for safety and security reasons. Due to the nature of our Services, we may collect travel i...

GOAT Medium

We may collect information about your location, including precise geolocation information, when you use our Services. We use this information to provide location-based services, such as showing you products available in your area, and for other purposes described in this Privacy Policy.

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Monitoring

Binance.US has changed this document before.

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▸ View Original Clause Language DOCUMENT RECORD
"
This Privacy Policy describes how Binance.US and its related companies and affiliates ('BAM') collect, use, and disclose information, and your choices regarding this information. BAM collects financial information including bank account numbers, transaction history, and payment information.

— Excerpt from Binance.US's Binance.US Privacy Policy

ConductAtlas Analysis

Institutional analysis (Compliance & governance intelligence)

REGULATORY LANDSCAPE: Collection and retention of financial account and transaction data is governed by the Bank Secrecy Act, FinCEN recordkeeping regulations (requiring retention of certain records for five years), and the Gramm-Leach-Bliley Act to the extent BAM is a covered financial institution. IRS Form 1099-DA reporting requirements for digital asset transactions took effect for tax year 2025 and require BAM to collect and report transaction proceeds. State money transmitter licensing laws may impose additional data handling requirements. GOVERNANCE EXPOSURE: High. Financial account numbers and transaction records are high-value targets for data breach and are subject to mandatory notification requirements under state breach notification laws. Retention of this data beyond regulatory minimums creates ongoing risk exposure without corresponding legal obligation. JURISDICTION FLAGS: All U.S. states have data breach notification laws that treat financial account numbers as trigger data requiring expedited notification. The FTC Safeguards Rule applies to the protection of nonpublic personal financial information. California's CPRA classifies precise financial account data as sensitive personal information. CONTRACT AND VENDOR IMPLICATIONS: Banking partners and payment processors who receive user financial account data should be assessed under GLBA and state financial privacy laws. Vendor contracts should specify permissible use, retention limits, and security requirements for financial account data consistent with FTC Safeguards Rule obligations. COMPLIANCE CONSIDERATIONS: Compliance teams should confirm that financial account data retention schedules are calibrated to FinCEN's five-year minimum rather than indefinite retention, and that data minimization practices are applied to payment data no longer needed for active account operations. Incident response plans should treat financial account numbers as highest-priority breach notification triggers.

Full compliance analysis

Regulatory citations, enforcement risk, and due diligence action items.

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Applicable agencies

  • CFPB
    The CFPB has oversight authority over financial data practices of consumer financial services entities and the adequacy of protections for financial account information.
    File a complaint →
  • FTC
    The FTC Safeguards Rule requires financial institutions to implement security programs protecting nonpublic personal financial information including bank account numbers.
    File a complaint →

Applicable regulations

CCPA/CPRA
California, USA
Connecticut Data Privacy Act Amendments
US-CT
CAN-SPAM
United States Federal
ePrivacy Directive
European Union
FCRA
United States Federal
FTC Act Section 5
United States Federal
GDPR
European Union
GLBA
United States Federal
Indiana Consumer Data Protection Act
US-IN
Kentucky Consumer Data Protection Act
US-KY
Universal Opt-Out Mechanism Expansion 2026
US

Provision details

Document information
Document
Binance.US Privacy Policy
Entity
Binance.US
Document last updated
May 5, 2026
Tracking information
First tracked
May 10, 2026
Last verified
May 12, 2026
Record ID
CA-P-011298
Document ID
CA-D-00065
Evidence Provenance
Source URL
Wayback Machine
Content hash (SHA-256)
fe2ef7996a029ceacac9b979b2d9ece66167de76b6cd93f9c5bbf824aeca1bbf
Analysis generated
May 10, 2026 05:50 UTC
Methodology
Evidence
✓ Snapshot stored   ✓ Hash verified
Citation Record
Entity: Binance.US
Document: Binance.US Privacy Policy
Record ID: CA-P-011298
Captured: 2026-05-10 05:50:20 UTC
SHA-256: fe2ef7996a029cea…
URL: https://conductatlas.com/platform/binanceus/binanceus-privacy-policy/financial-account-and-transaction-data-collection/
Accessed: May 13, 2026
Permanent archival reference. Stable identifier suitable for legal filings, compliance documentation, and research citation.
Classification
Severity
High
Categories

Other risks in this policy

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Frequently Asked Questions

What does Binance.US's Financial Account and Transaction Data Collection clause do?

Financial account data and transaction records are highly sensitive and subject to specific regulatory protections. This data is retained by Binance.US for regulatory compliance purposes and may be shared with financial partners, regulators, and law enforcement.

How does this clause affect you?

Users' bank account numbers, transaction histories, and payment information are collected and retained by Binance.US. This data may be shared with banking partners, payment processors, and regulatory authorities, and is subject to retention requirements under financial services regulations.

Is ConductAtlas affiliated with Binance.US?

No. ConductAtlas is an independent monitoring service. We are not affiliated with, endorsed by, or sponsored by Binance.US.