How Does Binance Use and Protect Registration Data?
When you register onBinance, the personal data you submit is used for identity verification, anti-money laundering compliance, and account security. Binance has clear rules on how data is collected, used, and shared, while granting users the right to access, modify, or even request deletion of their information. Below, we break down where your data goes, who sees it, and what you can do.
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1. How Collected Registration Data Is Used — Three Key Areas
The name, identification documents, and facial recognition images submitted during account opening are primarily used to complete KYC (Know Your Customer) identity verification. This is a legal requirement for global exchanges, aimed at preventing money laundering and fraud.
Specifically, Binance uses this data for three purposes:
Identity Verification: Third-party service providers (e.g., Plaid) compare your ID photo with a selfie video to confirm your identity. This involves collecting biometric data such as facial geometry.
Compliance Screening: Your information is checked against sanctions lists and negative news databases to assess account risk levels.
Account Security: When unusual login or withdrawal activity is detected, the system uses registration data for secondary verification to help determine if the action was initiated by you.
2. Who Gets Access to Your Data? — Three Types of Recipients
Binance does not sell your personal information arbitrarily. However, data may be shared in the following three scenarios:
Binance Group Entities: Depending on your region, the data controller may be a different Binance subsidiary. For example, the operating entity and data controller for global users is Nest Services Limited. When you change your country of residence, your account and data are transferred to the relevant Binance affiliate in that region.
Third-Party Service Providers: Binance hires other companies to handle certain tasks, such as KYC providers for identity verification and data analytics firms for risk management. These service providers only access the information necessary to complete their tasks and cannot use it for other purposes.
Legal or Regulatory Authorities: Under legal processes such as court subpoenas or search warrants, or in response to international law enforcement requests, Binance provides user information as required by law.
3. How Is Data Stored and for How Long? — Security Measures and Retention Periods
Binance employs layered measures to protect data. According to its official privacy portal, its data protection framework aligns with the EU GDPR standards:
| Security Dimension | Specific Measures |
|---|---|
| Transmission and Storage | Encryption protocols and software are used to protect data during transmission and storage. |
| Internal Access Control | Employees access information on a "need-to-know" basis, with strict permission limits. |
| Biometric Data | Biometric data like facial scans are used only for verification and anti-fraud purposes. Retention periods comply with financial regulations, after which data is securely deleted. |
Regarding retention:Data required by law is retained as mandated; other data can be deleted upon user request. For instance, transaction records and identity verification information must be kept for the legally required period due to anti-money laundering compliance. Data used for marketing or additional services is processed upon user deletion requests.
4. What Rights Do You Have Over Your Data?
In line with GDPR standards, users have the following core rights:
Right to Access: Obtain a copy of the personal data processed by Binance. You can request this via the Privacy Center in your account "Settings" page.
Right to Rectify: Correct inaccurate or outdated personal information at any time in your account settings.
Right to Delete: Request deletion of personal data not legally required to be retained (e.g., marketing information). However, transaction records and other data subject to regulatory requirements must be kept until the legal period expires.
Right to Object: Object to data processing based on "legitimate interests" or refuse to receive direct marketing messages.
Right to Withdraw Consent: Withdraw consent for non-essential data tracking at any time via the "Cookie Settings" in the app.
If you have concerns about automated decisions (e.g., facial recognition failure), you can request a manual review through customer service channels.
The world's largest cryptocurrency exchange by trading volume,leading in security and liquidity.
New user benefit: Enjoy 20% off trading fees upon registration!
FAQ: Common Questions About Registration Data Protection
Q: How long is facial recognition data from registration kept? Is it deleted immediately after use?A: Facial geometry data from recognition is stored but not indefinitely. According to biometric data policies, such data is retained for the period required by financial regulations and securely deleted afterward. Global policies are similar, but specific retention periods vary by local law.
Q: Is registration data used for advertising? Can I opt out?A: If you decline marketing messages, Binance will not use your registration data for advertising. You can disable marketing communication authorization in your account settings or withdraw consent for analytical tracking in Cookie Settings.
Q: Will Binance notify me if my data is suspected to be leaked?A: Yes. According to Binance's privacy policy, if personal data is accessed by malicious or unauthorized parties, Binance will notify affected users as required by law.
