Last updated: 07 January 2025
Disclaimer: Binance does not have any kind of involvement in your P2P transaction with your counterparty or in the collecting or sharing of personal information for identity verification purposes by your counterparty whatsoever. Thus, Binance shall not be held responsible with regards to how your personal information is used by your counterparty.
Merchant’s Collection of Additional KYC Verifications
You acknowledge and agree that Binance is not a party singly or together with your counterparty to the P2P transaction. You also acknowledge and agree that the personal information you collect for identity verification purposes is shared directly with you by your counterparty and not with Binance.
You agree that any personal information you have obtained for identity verification purposes shall not be used for any other purposes, and you shall adhere to applicable data privacy laws and regulations when processing any personal information. You acknowledge that violating applicable data privacy laws and regulations may result in your civil and/or criminal liability.
Taker’s Provision of Additional KYC Verifications
You acknowledge and agree that Binance is not a party singly or together with your counterparty to the P2P transaction. You also acknowledge and agree that you are sharing your personal information for identity verification purposes with your counterparty directly as an independent party, and not with Binance.
Your counterparty shall process the personal information collected from you in accordance with your counterparty’s own terms of use and privacy notice. Your counterparty may ask you for the following personal information: your name, surname, government-issued identification number, date of birth, citizenship, email address, contact information, phone number, username and government-issued ID etc. Your personal information may be used to verify your identity, identify traces of money laundering, terrorist financing, fraud, and other financial crimes or for other lawful purposes.
You confirm and warrant that all information provided by you is true, complete, and accurate.
