The agreement authorizes BAM to collect name, address, phone number, device IP, email, date of birth, taxpayer identification number, Social Security number, government ID scans, occupation and income data, expected trading amounts, source of wealth information, bank account details, and biometric information, with a stated commitment to request consent before collecting biometric data.
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
This provision discloses a broad set of personal data categories collected for identity verification and AML compliance purposes, including biometric information and financial account details. The stated consent mechanism for biometric data collection requires evaluation against applicable state biometric privacy statutes that impose specific written consent, retention schedule, and destruction requirements.
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 →Under this clause, users are required to provide extensive personal, financial, and potentially biometric information as a condition of accessing the platform's services. BAM states it will request separate consent before collecting biometric information, but the terms do not specify the form of that consent or retention and deletion timelines.
Cross-platform context
See how other platforms handle Biometric and Extensive Personal Data Collection for Identity Verification and similar clauses.
Compare across platforms →"The information we request may include certain personal information, including, but not limited to, your name, address, telephone number, device IP address, email address, date of birth, taxpayer identification number, social security number or government identification number, scans of government-issued identity documents, occupation and income information, expected trading amounts/sources of wealth, and when applicable, bank account information (such as the name of the bank, the account type, routing number, and account number) and in some cases (where permitted by law), special categories of personal data, such as your biometric information. BAM will request your consent before collecting any biometric information from you.Excerpt from Binance.US's Terms of Use
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This provision discloses a broad set of personal data categories collected for identity verification and AML compliance purposes, including biometric information and financial account details. The stated consent mechanism for biometric data collection requires evaluation against applicable state biometric privacy statutes that impose specific written consent, retention schedule, and destruction requirements.
Under this clause, users are required to provide extensive personal, financial, and potentially biometric information as a condition of accessing the platform's services. BAM states it will request separate consent before collecting biometric information, but the terms do not specify the form of that consent or retention and deletion timelines.
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