Binance.US Terms of Use

This is the legal agreement between you and Binance.US that controls how you can use their cryptocurrency trading platform, including buying, selling, and holding digital assets like Bitcoin and Ethereum. The most important thing to know is that if Binance.US loses, misuses, or fails to protect your crypto assets, their maximum financial liability to you is capped at just $100 or three months of fees — whichever is greater — meaning you bear nearly all financial risk of using the platform. Before depositing funds, read the restricted jurisdiction list carefully, as residents of New York and several other states cannot legally use the platform.

This Terms of Use agreement governs the contractual relationship between users and BAM Trading Services Inc. (d/b/a Binance.US) for access to its U.S.-based cryptocurrency trading platform, establishing binding obligations through continued use of the platform. The document imposes significant obligations on users including mandatory KYC/AML identity verification, prohibition on use by residents of restricted jurisdictions, full assumption of cryptocurrency trading risk, and agreement to indemnify Binance.US against virtually all claims arising from user activity. Notable deviations from industry standard include an extraordinarily broad limitation of liability capping Binance.US's total liability at the greater of $100 or fees paid in the prior three months, a unilateral right to modify terms with notice posted on the platform (not direct notification), and the platform's explicit right to freeze, suspend, or terminate accounts at its sole discretion without advance notice. The document engages the Bank Secrecy Act (BSA), FinCEN money services business regulations, OFAC sanctions compliance, the Gramm-Leach-Bliley Act (GLPA), and applicable state money transmission laws; users in New York are explicitly prohibited from the platform due to BitLicense compliance constraints. Material compliance considerations include the platform's operation as a registered money services business under FinCEN, its exposure to state-level money transmission licensing requirements across all permitted U.S. jurisdictions, and the SEC's ongoing scrutiny of cryptocurrency exchanges regarding unregistered securities offerings.