can exchange services sell my personal data?

[altscaner]

for the problem of selling personal data I think the exchange can do it because some time ago there was one exchange that offered their tokens for free to the public, it's just that this exchange was very evil because it only offered airdrops to lure people to fill in the data and then they collected the data of the victims and sell it in several marketplaces on the internet

[mickey_miner]

Hello! What is an average fee you pay to crypto exchanger? I use changelly and pay just 0.25% and I think this is pretty weird. How do they make money? Sometimes I think that they sell users data and I'm thinking to pick another exchanger.

We live in the 21st century so I think all the information is for sale. Large companies and exchanges are also doing this.

[poodle63]

If you have suspicions of dishonesty of any exchange, you should not use it. But fees can't be the deciding factor. The above people have explained that even with a small fee, but large volumes, the exchange can earn excellent. Look at the reputation of the exchange, the reviews of people about it and based on this form your opinion.

i think your words are true, if we feel they are suspicious, we can leave them.
but we cannot accuse them and suspect them without reason. we should first look at people's reviews before using the exchange.

there may be some exchanges that sell our personal data, but i still haven't seen clear evidence of that. but that does not mean we must always trust all sites and exchanges, check first before we take action to trust them.

Most of the exchanges that exist only to gather data and sell them are third level exchanges. The big exchange I assume will not just sell all of their users data otherwise the people will lost their trust toward that exchange.
Personally I will never submit my data to even a big exchange but without proper regulation let alone newly created exchange with not userbase.

[Retainly_Collie]

If you register and use small and unreliable exchanges. Certainly your data will be sold and is very dangerous if bad guys buy it

[makishart]

If you register and use small and unreliable exchanges. Certainly your data will be sold and is very dangerous if bad guys buy it

Because the scammer created a fake exchange to lure new people to use it but it's very difficult to identify which is the real exchange site and which is not.
this time there was a possibility for small and fully manipulated exchange site like p2pb2b to sell our data.
These small exchange site can't be trusted.

[bitgolden]

Its possible that exchanges can sell your data especially your KYC details can get leaked to darkweb that is why i prefer decentralized exchanges, some centralized exchanges like binance still allow users to exchange and trade without KYC with limitations so you can use binance or other exchanges like it

Exchanges that I see can sell data are those exchanges that are of low duality grade and does not have any solid profit base to back them up. Exchanges like Binance will never  do such a thing because they have tried as much as possible to maintain their reputation a lot and moreover, those platform that sells data are those one that are similar to ecommerce, where they can sell to some of their business clients so that they also will be able to market their product to those people and I am referring to platforms like Facebook, Instagram, and other social media platforms, but these exchanges, I do not see exactly where they want to sell the data to or who they want to sell it too as their own business does not involve marketing much.

[10BTCaDay]

If you register and use small and unreliable exchanges. Certainly your data will be sold and is very dangerous if bad guys buy it

Because the scammer created a fake exchange to lure new people to use it but it's very difficult to identify which is the real exchange site and which is not.
this time there was a possibility for small and fully manipulated exchange site like p2pb2b to sell our data.
These small exchange site can't be trusted.

the worst thing is when the exchange has existed for a long time and then just closes and disappears with all the money and your personal data. it happened with BiteBTC

[passwordnow]

If you register and use small and unreliable exchanges. Certainly your data will be sold and is very dangerous if bad guys buy it

Solution: don't use unknown exchanges because they don't care about the privacy of their users.
Large exchanges has responsibility of taking their customer's data and privacy but it's up to them if they will also market it. Share or sell it to the advertisers just like what facebook is doing.
Is there any report that an exchange did this before?

[fosco333]

They should not selling their customers personal data to other peoples, but in reality we don't know what happening behind them.
Or their database may can get leaked because some hackers attack their platform. Exchange security must be at 1st priority.