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
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.
The updated policy now explicitly authorizes collection of Web3 wallet information including wallet addresses, token balances, transaction data, device identifiers, and related metadata. Under the revised terms, Binance.US may disclose pseudonymous wallet information (including read-only access to associated balances and transaction history) to third parties. Additionally, the policy no longer restricts data storage to the United States; data may now be stored and processed both within and outside the country. The updated language does not specify an opt-out mechanism for Web3 wallet data collection.
View change record →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 data may be shared with OpenAI, which according to the revised language may receive information about your account, portfolio, and communication contents along with associated metadata. The updated terms also broaden the stated use of personal information to include generating interactive responses through AI chatbots that provide market research and portfolio-specific analysis, as well as collecting inferences about your service use. Your continued use of the platform constitutes acceptance of these updated data collection and sharing practices.
View change record →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 prevent fraud, money laundering, terrorist financing, and other financial crimes. This establishes a new disclosure authority that was not previously explicitly stated. Additionally, the revised language discloses that email addresses and other identifiers collected by Binance.US may be used for tailored advertising on other websites and social media platforms. The policy now provides a 'Your Privacy Rights' webform in addition to email contact as a mechanism for submitting privacy rights requests and appeals. You can submit privacy rights requests through privacy@binance.us or by using the company's 'Your Privacy Rights' webform.
View change record →New explicit provision detailing collection of transaction history and payment information, expanding disclosure beyond basic financial account data.
View full change record →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.
How other platforms handle this
You and your organization's administrator can access several types of Service Data directly from Google Cloud, including your account information, billing contact information, payment and transaction information, as well as product and communication settings and configurations.
to request that your data be transferred to a third party (data portability)
To stop us collecting your location information, you can update your device settings, stop using the Service, or uninstall our mobile apps.
"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 Privacy Policy
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 …
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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.
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.
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