Thank you guys. Ye all are truly amazing! I really appreciate the education! I have signed up for localcoinswap so I guess now I have to find someone "trustworthy" to send him/her $ and hope that they'll deposit the equivalent bitcoins into my localcoinswap account/wallet. It's a "coin toss" really...coz I can send the $ through say "western union" to someone, they get the dough and never deposit the coins in my wallet! Is there any way to minimize my risk here? Thanks
This is your best decision or a p2p. Try as much as you can to avoid any crypto site asking for your bank digits. There are lots of scam sites out there. You do that, you expose yourself and you blame yourself for that vulnerability. I don't know why Binance would ask for citizenship verification from a Level 1 customer. Could it be because it's its American site? I am a non-American citizen and I use Binance (as far back as 2017) and till date I am still on Level 1 (limited to 2btc daily withdrawal though) and I haven't done any citizenship verification apart from my email. I have always had smooth transactions on the site.