It’s nothing out of the ordinary, bro. Start with a small budget and a solid product; once you’ve built up enough credibility, then you can scale up the budget.
You can't be certain you didn't do anything wrong; have you read all of Facebook's rules? You almost certainly violated one of their policies, or perhaps the phone number or IP address used to create the account got flagged.
Facebook is constantly tightening its policies, so you need to prepare "cleaner" content for advertising; after some time has passed, you may be able to reuse old posts.
This is a common situation that is hard to avoid; since the OTP is sent to the phone number used to create the account, the verification process is very difficult.
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