KYC (Know Your Customer) verification is a standard requirement across regulated trading platforms, and Deriv is no exception. Completing this process not only keeps your account secure but also unlocks full access to withdrawals, higher limits, and unrestricted trading. While it might sound like a formal, drawn-out process, KYC verification on Deriv is usually quick once you have the right documents ready. In this guide, we’ll walk you through exactly how to complete KYC verification on Deriv, step by step, so you can get fully verified without unnecessary delays. All over the world standard practice exists where verification processes are applied to eliminate fraud and financial crime. You can learn more on FinCEN for financial compliance information.
If you still need a Deriv account, create a Deriv account first. Learn How to create a Deriv Account here.
Step 1: Understand What KYC Covers on Deriv
Deriv’s KYC process typically covers three areas: proof of identity, proof of address, and, in some cases, source of funds or income for larger account activity. Not everyone will be asked for all three. It often depends on your account activity and region.
Step 2: Submit Proof of Identity
In Account Settings, go to the Proof of Identity tab and upload a national ID card, passport, or driving licence. If this is your first time going through the process, it’s worth reading a beginner-friendly walkthrough like this one from The Forex Affiliate, which covers account setup and verification together for new traders.
Step 3: Submit Proof of Address
Next, go to the Proof of Address tab and upload a recent utility bill, bank statement, or official government letter, dated within the last six months and showing your name and address clearly.
Step 4: Complete Source of Funds (If Requested)
For larger transactions or certain account activity, Deriv may request additional documentation confirming where your funds come from, such as payslips or bank statements. This isn’t required for every account, but it’s worth having available if asked.
Step 5: Wait for Review
Once submitted, your documents go through Deriv’s compliance review. You can track the status of each submission directly in Account Settings, which will show as pending, verified, or flagged with a specific reason if something needs correcting.
Step 6: Resolve Any Flagged Issues
If a document is rejected, check the reason given and resubmit a corrected version. Common issues include blurry photos, mismatched details, or expired documents. You can learn more in the article Why your deriv verification failed.
Fully Verified
Once all required KYC checks are approved, your Deriv account is fully verified, and any deposit or withdrawal limits tied to verification status are lifted.
Beyond Your Own Account
Once you’re comfortable navigating Deriv yourself, some users look at the platform from a different angle and that is helping others get set up and earning through referrals. Deriv’s own Partners program is built for exactly this, letting you earn by introducing new traders to the platform.
For those wanting to go further and build a broader online income through affiliate marketing, rather than just one referral program, a platform like Wealthy Affiliate is designed to teach beginners the fundamentals of building an affiliate marketing business from scratch.
FAQ: Completing KYC Verification on Deriv
Is KYC the same as proof of identity and proof of address on Deriv? Proof of identity and proof of address are the two core parts of KYC. Some accounts may also require source of funds, depending on activity level.
Why is Deriv asking for source of funds documentation? This is usually triggered by higher transaction volumes or specific account activity, and is a standard compliance requirement rather than something unique to your account.
How long does Deriv’s KYC review take? Most submissions are reviewed within a day or two, though it can take longer if additional checks are needed.
What happens if I don’t complete KYC on Deriv? You can typically still use the platform in a limited capacity, but deposits and especially withdrawals will usually be restricted until verification is complete.
