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.
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
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.
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 →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, prevent, and report fraud, money laundering, terrorist financing, and other financial crimes. The policy also clarifies that if your email address or other identifier has been collected, it may be used for tailored advertising on external websites and social media platforms through the use of cookies and other identifiers. These disclosures formalize data-sharing practices and advertising uses that may have been operationally occurring but were not previously detailed in this language. You can exercise privacy rights by contacting privacy@binance.us or submitting a request through the company's 'Your Privacy Rights' webform.
View change record →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.
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KYC data collection is mandated under the BSA and FinCEN's CDD Rule (31 CFR § 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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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.
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