eToro requires identity verification before you can withdraw funds or trade freely, no optional unverified tier like crypto-native exchanges offer. You’ll need a proof of identity (passport, driving license, or other government ID) and a proof of address dated within the last three months.
What eToro KYC Requires
eToro operates as a regulated multi-asset broker, which means it follows standard financial-industry KYC rules rather than the lighter-touch verification some crypto-native exchanges use. Two documents are required.
Proof of Identity: A passport is preferred since it’s fastest for eToro’s team to process. A driving license or other government-issued ID works too. Whatever you submit needs to clearly show your name, date of birth, a legible photo, the issue date, and the expiry date if it has one.
Proof of Address: A utility bill, bank statement, or similar document that matches your account name and current address, dated within the last three months. Older documents get rejected automatically.
| Requirement | Details |
|---|---|
| Proof of Identity | Passport (preferred), driving license, or other government ID |
| Proof of Address | Utility bill or bank statement, dated within 3 months |
| Processing | Email notification once approved |
This is a heavier requirement than KuCoin’s Level 1, which asks only for name, email, and phone to get started. eToro’s broker status means there’s no comparably light entry tier.
How to Verify Your eToro Account
Log into your eToro account, go to Settings, then Verification. Upload your proof of identity document first, then your proof of address. Both need to be clear, unedited photos or scans, blurry or cropped images are a common cause of rejection. Once submitted, eToro reviews the documents and sends an email notification when your account is approved.
eToro can request additional documentation at any point, even after initial approval, in line with ongoing regulatory obligations. This isn’t unusual for a regulated broker and doesn’t necessarily mean anything is wrong with your account.
What Happens If You Don’t Verify
Unverified accounts face real restrictions, limits on trading, blocked withdrawals, and in some cases account closure if verification isn’t completed. Unlike crypto-native exchanges where you might trade for a while before hitting a withdrawal ceiling, eToro pushes verification early since it’s baked into its regulatory obligations as a broker, not an optional step you can defer indefinitely.
Does KYC Affect eToro’s Trading Fees?
No. eToro’s spread-based fees are the same for every verified account regardless of how long you’ve held the account or your trading history. There’s no fee-discount tier tied to verification level the way volume-based discounts work on exchanges. Verification is a gate to using the platform at all, not a lever on cost.
Frequently Asked Questions
What documents does eToro require for KYC?
A proof of identity (passport preferred, or driving license) and a proof of address dated within the last three months.
Can I trade on eToro without verifying?
Not for long. Unverified accounts face trading restrictions and blocked withdrawals until verification is complete.
How long does eToro verification take?
Varies, but eToro sends an email notification once your submitted documents are approved. Clear, current documents process faster than blurry or outdated ones.
Why was my eToro verification rejected?
Common reasons include blurry document photos, a proof of address older than three months, or a name mismatch between your documents and account details.
Does verification level change eToro’s fees?
No. Trading fees are spread-based and identical for every verified account, verification does not trigger a fee discount.
