To use Binance.US, you must provide government-issued ID, proof of address, Social Security Number, and other identity documents as part of the mandatory Know Your Customer (KYC) verification process.
You are required to share highly sensitive personal identity information with Binance.US, and this data is stored and subject to the same sharing and retention practices described in the policy.
KYC data collection is mandated under the BSA and FinCEN's CDD Rule (31 CFR ยง 1010.230), requiring collection and verification of customer identity information. Institutions should confirm that data minimization principles are applied and that KYC data is subject to appropriate access controls and encryption standards.
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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.