Last updated: April 11, 2022.
Bifinity UAB, (legal entity code: 305595206, registered office address: Didžioji str. 18, Vilnius, the Republic of Lithuania) is the Data Controller for personal information collected and processed in connection with the provision of Binance Custody Services.
|What information and personal data does Binance Custody collect and process?||Why does Binance Custody process my personal information?||Legal Basis for our use of personal information (EU and UK GDPR)|
|Information related to company Directors, UBOs and Authorised persons, including: |
- Email address
- Date of birth
- Home address
- Phone number
- Device ID
- A video recording
- Passport or ID
|- Communicate with you: We use your personal information to communicate with you in relation to Binance Custody.|
- We collect and process identity information and Sensitive Personal Data (as detailed in section 1) to comply with our Know Your Customer (“KYC”) obligations under applicable laws and regulations, and Anti-Money Laundering laws and regulations
|Performance of a contract when we provide you with products or services or communicate with you about them. This includes when we use your personal information to take and handle orders, and process payments.|
|- The Internet protocol (IP) address used to connect your computer to the Internet|
- Login, e-mail address, password and location of your device or computer
- Binance Custody metrics (e.g., the occurrences of technical errors, your interactions with service features and content, and your settings preferences)
- Version and time zone settings
|- Provide, troubleshoot, and improve Binance Custody: We use your personal information to provide functionality, analyze performance, fix errors, and improve the usability and effectiveness of Binance Custody Services||Our legitimate interests to ensure the proper functioning of our business operations. |
Legal requirementsthat we need to comply with concerning identifying customers, preventing fraud and/or abuse and avoiding non-compliance.
|- Transaction history|
- Information from other sources: we may receive information about you from other sources, such as credit history information from credit bureaus
|Fraud prevention and credit risks. We process personal information to prevent and detect fraud and abuse in order to protect the security of our users, Binance Custody Services and others. We may also use scoring methods to assess and manage credit risks.||Our legitimate interests and the interests of our users when, for example, we detect and prevent fraud and abuse in order to protect the security of our users, ourselves, or others.|
|- Information about your behavior: we may process information about you on your behavior and your activity for marketing and advertising purposes||- Improve our services: We process personal information to improve our services and for you to have a better user experience|
- Recommendations and personalisation: We use your personal information to recommend features and services that might be of interest to you, identify your preferences, and personalise your experience with Binance Custody Services.
|Our legitimate interest to improve our services.|
Your consent when we ask for your consent to process your personal information for a specific purpose that we communicate to you. When you consent to processing your personal information for a specified purpose, you may withdraw your consent at any time and we will stop processing your data for that purpose.
We firmly believe that where the above table states that we rely on our legitimate interests for a given purpose, this is not overridden by your interests, rights or freedoms. Therefore, If you wish to obtain further information on this balancing test approach, please contact firstname.lastname@example.org.
We will not use your personal data for purposes that are incompatible with the purposes of which you have been informed, unless it is required or authorized by law, or it is in your own vital interest (for example, in case of a medical emergency) to do so.
The term “sensitive data” refers to the various categories of personal data identified by data privacy laws or regulations as requiring special treatment, including in some circumstances the need to obtain explicit consent from you. These categories include racial or ethnic origin, political opinions, religious, philosophical or other similar beliefs, membership of a trade union, physical or mental health, biometric or generic data, sexual life or orientation, or criminal convictions and offences (including information about suspected criminal activities).
Due to the type of services provided we might need to process certain types of sensitive data. In the limited cases where we do collect such data, we will do this in accordance with data privacy laws and regulations and/or ask for your consent.
Personal information may be shared from Binance to Bifinity if you previously have done your Know your Business verification through the Binance.com platform.
Bifinity UAB may transfer your data outside of the European Economic Area (“EEA”). Bifinity UAB puts in place suitable safeguards to ensure that such transfers are carried out in compliance with applicable data protection rules, except where the country to which the data is transferred has already been determined by the European Commission to provide an adequate level of protection.
Where Bifinity UAB transfers personal data to affiliates or service providers, Bifinity UAB relies on the latest standard contractual clauses of the European Commission.
We design our systems with your security and privacy in mind. We work to protect the security of your personal information during transmission by using encryption protocols and software.
We maintain physical, electronic and procedural safeguards in connection with the collection, storage and disclosure of your personal information. Our security procedures mean that we may ask you to verify your identity before we disclose personal information to you.
It is important for you to protect against unauthorized access to your account password. We recommend using a unique password for your Binance Custody account that is not utilized for other online accounts. Be sure to sign off when you finish using a shared computer.
We may share your personal information with our marketing partners for the purposes of targeting, modeling, and/or analytics as well as marketing and advertising. You may opt out of receiving directly from the emails you receive.
You can access your information, including your name, address, payment options, profile information, and transaction history in the "Your Account" section of the website.
If you have any questions or objections as to how we collect and process your personal information, please contact email@example.com.
When you consent to our processing your personal information for a specified purpose, you may withdraw your consent at any time and we will stop any further processing of your data for that purpose.
In addition, subject to applicable law, you have the right to request access to, correct, and delete your personal data, and to ask for data portability. You may also object to our processing of your personal data or ask that we restrict the processing of your personal data in certain instances. If you wish to do any of these things, please contact firstname.lastname@example.org.
Our data protection officer can be contacted at email@example.com, and will work to address any questions or issues that you have with respect to the collection and processing of your personal information.