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
The updated policy discloses that Binance.US collects Web3 wallet information including wallet addresses, token balances, transaction data, device identifiers, and timestamps. The company may now disclose pseudonymous wallet identity information (wallet ID) to third parties with read-only access to associated wallet balances and transaction history. Additionally, the policy states that data may be stored and processed both within and outside the United States, rather than exclusively in the US as previously stated. Users should review the updated policy to understand what wallet data is collected and how it may be shared.
View change record →The updated policy explicitly authorizes Binance.US to disclose customer 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. The policy also clarifies that email addresses and other identifiers collected by Binance.US may be used for targeted advertising on other websites and social media platforms. You can opt out of this targeted advertising use by emailing privacy@binance.us or submitting a request through the 'Your Privacy Rights' webform.
View change record →How other platforms handle this
Patreon transfers of personal data of individuals in the European Union (including EFTA States) and the UK outside of those locations are performed based on contractual obligations placed on the recipient of the personal data.
We transfer personal data from the European Economic Area and Switzerland to other countries, some of which have not been determined by the European Commission to have an adequate level of data protection. When we do so, we use a variety of legal mechanisms, including contracts
As required by applicable law, we collect and process information about individuals in the EEA, Switzerland, and UK only where we have a legal basis for doing so.
"We rely on Standard Contractual Clauses ("SCCs") for the transfer of personal data...to countries that have not received an applicable adequacy decision, as well as the UK's International Data Transfer Addendum to the SCCs.Excerpt from Binance.US's Privacy Policy
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The clause states: “We rely on Standard Contractual Clauses ("SCCs") for the transfer of personal data...to countries that have not received an applicable adequacy decision, as well as the UK's International Data Transfer Addendum to the SCCs.”
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