To buy Bitcoin (BTC) on platforms like eToro, you’ll need to verify your identity. This includes uploading a photo ID and proof of address. It’s part of KYC (Know Your Customer) and AML (anti-money laundering) requirements. These are regulations designed to prevent fraud and keep the platform secure for all users.
Before you can start buying, most platforms will ask for a few basic documents. Here’s what you’ll typically need to upload:
This could be your:
Make sure it’s valid (not expired), clearly shows your full name, date of birth, and has a visible photo.
Usually a recent utility bill, tax letter, or bank statement, dated within the last 3 months. It needs to show your full name and current residential address.
Some platforms or apps also ask you to take a quick selfie or do a live video check. This step confirms you’re the actual person in the ID you submitted.
If something doesn’t match up or the images aren’t clear, you might be asked to submit more information to complete the process.
If you’re buying Bitcoin on eToro, the verification process is built into the signup flow. Once you register, eToro prompts you to upload your ID and proof of address. Both automated and manual checks are used to verify your details before you’re allowed to deposit funds or place your first trade.
Most users get verified in a few hours depending on how busy the system is or how clean your documents are. Once you’re approved, you can fund your account and buy BTC. No extra wallet or app required.
I'm saying it again: your documents need to be clear, current, and legit. If something’s off, you’ll likely have to re-upload or send more info.
That’s it. Once you’re verified, you’re good to go. You can start trading Bitcoin on eToro with confidence.
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.
About Mike Druttman
