How Do I Verify My Account to Buy Bitcoin?

Written by Mike Druttman

Reviewed by Nadav Zelver

To buy Bitcoin on a platform like eToro, you’ll need to verify your account. Upload a valid ID (like a passport or driver’s license) and proof of address. It’s a quick step required by law to confirm your identity and keep your account secure.

Here’s how to get your eToro account verified and ready to buy Bitcoin, without overcomplicating it:

1. Sign up for an eToro account

Create an eToro account. You’ll need to choose a username, set a password, and enter your email address. Prefer skipping all that? You can use your Google or Facebook account instead.

2. Fill out your profile

Once you’re in, go to your dashboard and complete your profile. eToro asks for the basics:

• Full name
• Date of birth
• Residential address
• Nationality
• Employment status
• Your trading experience (yes, even if it’s zero)

They’re not being nosy. This is standard Know Your Customer (KYC) protocol.

3. Upload your ID and proof of address

To keep your account legit, you’ll need to upload:

• A government-issued ID (passport or driver’s license)
• A document with your current address (like a utility bill, bank statement, or a government letter not older than 3 months)

The details on both must match the info you provided earlier. If they don’t, expect delays.

4. Answer a few quick questions

Next up is a short questionnaire. It’s designed to gauge your trading knowledge and financial situation, not to trip you up.

5. Sit tight while they verify

Approval usually takes a few hours, but it could stretch to two business days depending on volume. You’ll get an email as soon as your account is verified.

6. Fund your account and buy Bitcoin

Once you’re verified, it’s go time. Add funds through a supported deposit method (e.g. bank transfer, debit card, PayPal). After that, you can buy Bitcoin right on the platform.

What I like about eToro is that it’s regulated. That matters. It means they follow strict security protocols required by financial authorities, which is designed to prevent fraud and protect users like me. There’s peace of mind in knowing I’m buying Bitcoin from a platform that operates under clear, enforceable rules.

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.

Copy Trading does not amount to investment advice.  The value of your investments may go up or down.  Your capital is at risk.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

Crypto investments are risky and highly volatile. Tax may apply. Understand the risks here https://etoro.tw/3PI44nZ.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which hasbeen prepared by our partner utilizing publicly available non-entity specific information about eToro.