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
We will endeavor to ensure that, by default, we only collect and process your Data needed to provide you access to the Platform and our Services...This means that we will neither publish nor share your Data by default.
If you choose not to provide information, we may not be able to provide you with requested products, services or information.
Wyze Labs, Inc. is the data controller for the personal data we collect in connection with these Devices and related Services.
"Limit the Use and Disclosure of Your Sensitive Personal Information. BAM only collects that sensitive personal information which is necessary for us to provide our Services. As such, limiting our use...would result in us not being able to provide our Services.Excerpt from Binance.US's Privacy Policy
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The clause states: “Limit the Use and Disclosure of Your Sensitive Personal Information. BAM only collects that sensitive personal information which is necessary for us to provide our Services. As such, limiting our use...would result in us not being able to provide our Services.”
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