I recently got interested in crypto trading and made a Binance account earlier. I had planned to purchase around $20 worth of Bitcoin to start, and depending on how everything goes perhaps purchase more at a later date.
When I went to buy via Visa, I got a notification saying that my limit to purchase is $0, and that in order to raise my limit to $5000 I need to verify, among other things, my face and a piece of government ID. While address and name are fine, face and ID are raising some serious red flags for me (as someone who is nervous about identity theft). I read the terms of service, certainly, and I understand the need for security, however facial recognition seems rather excessive for low level trades (I can hardly see myself making several grand).
Is the only way I can purchase bitcoin through Binance to verify my face?
via Binance https://ift.tt/2BQvjK5