To use Binance.US, you must provide personal identification information so the platform can verify your identity and comply with anti-money-laundering laws. Binance.US can retain your personal information even after you close your account to satisfy its legal obligations.
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 agreement states that Binance.US collects and retains personal information including identity verification data, and that this information may be retained after account closure, which means users cannot fully remove their personal data from the platform by closing their account.
Interpretive note: The scope of the legal obligation exception to data deletion rights under CCPA and the specific retention periods for KYC data are not specified in the document, creating uncertainty about the practical extent of post-closure data retention.
The updated terms introduce automatic enrollment in Soft-Staking for eligible tokens held in user accounts, meaning assets will be staked on Binance.US's behalf with third-party providers unless users opt out before the policy takes effect. Previously, the terms stated staking was optional and required explicit designation. The revised language also establishes that starting July 1, 2026, users will receive at least 14 days' notice before material changes to fee schedules, terms, or account policies take effect. Users can avoid automatic staking by opting out before July 1, 2026, or by withdrawing or designating specific tokens as ineligible for Soft-Staking.
View change record →This provision requires users to submit personal identification information as a condition of accessing services, and the agreement states that Binance.US retains this information after account closure to meet regulatory obligations, limiting users' ability to achieve complete data deletion.
How other platforms handle this
To protect your privacy, we will take steps to verify your identity before fulfilling your request, such as by requiring you to submit your request via your account.
we may need to request specific information from you to help us confirm your identity and ensure your right to access your Personal Data (or to exercise any of your other rights). This is a security measure to ensure that Personal Data is not disclosed to any person who has no right to receive it.
If you choose to reveal any personal information about yourself to other users, you do so at your own risk. We strongly encourage you to use caution in disclosing any personal information online.
"In order to use the Services, you agree to provide us with certain personal information for the purposes of identity verification and the detection of money laundering, terrorist financing, fraud, and other financial crimes. We may require you to provide or verify additional information before permitting you to use certain Services. We reserve the right to maintain your personal information after your account is closed to meet our legal and regulatory obligations.Excerpt from Binance.US's Terms of Use
REGULATORY LANDSCAPE: KYC and AML verification requirements engage the Bank Secrecy Act and FinCEN regulations applicable to money services businesses, which require identity verification, recordkeeping, and suspicious activity reporting.
Enforcement risk, jurisdiction flags, contract triggers, and due diligence action items.
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The agreement states that Binance.US collects and retains personal information including identity verification data, and that this information may be retained after account closure, which means users cannot fully remove their personal data from the platform by closing their account.
This provision requires users to submit personal identification information as a condition of accessing services, and the agreement states that Binance.US retains this information after account closure to meet regulatory obligations, limiting users' ability to achieve complete data deletion.
ConductAtlas has identified this type of provision across 290 platforms. See the full comparison.
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