Ever wondered how exchanges handles our data? I guess some of us or a lot of us never bothered reading through the long privscy policy and just clicked “agree” so we could create an account.
But, How does Binance, Coinbase and 22 Other Crypto Exchanges Handle our Data?
For Privacy week, CoinDesk reviewed the privacy policies and notices of 24 major crypto exchanges and lending services to see how much they know about users and how transparent they are about it. The two dozen companies represent a cross-section of popular consumer-facing platforms.
This is what they found out during the review:
1. Crypto platforms collect a wealth of their users’ personal data.
2. Platforms also routinely gather technical information about the devices users are logging in from, including operating systems, browser details, IP addresses and the location and time zone settings of computers and phones their clients use to trade.
We should really start making reading a habit and do not just agree on all privacy policy without knowing what we agreed on. This can be used against us in the future when something does happen
