paxful is p2p exchange and so as coinbaazar.com where people can buy and sell bitcoins and other other currencies with over 100's of payment modes ,you should check out once and its not about kyc , its the mode of business they operate , thats pretty different from centralized exchange ..
Of course they use different business models. But they are seemingly operating in the same way. Regardless of KYC requirement, all centralised apps that aims to offer trading orders can be alternatives to each other; if you can submit your docs to binance to proceed automatic orders, then you can also send them to Paxful and make operations manually. What should be the difference?
The major issue with centralized apps is that i believe they can manipulate prices , where as in decentralized like coinbaazar.com , the people put their own prices , their is no obligation . and also p2p offers varirty of payment modes , like gift card , paypal , worldremit , airtickets and many more , which you dont get in exchanges like binance. Thats why p2p exchanges with so much payment modes have better future prospects and can reach widely to users for carry their business and thats how it will help acceptance of btc to all ...