Is it safe to buy P2P in Binance?

Could you please elaborate on the safety of purchasing P2P transactions on Binance? As a cryptocurrency and finance professional, I understand that security is a paramount concern for investors. With the rise of peer-to-peer trading, it's essential to assess the platform's security measures, including its escrow system, verification processes, and insurance policies. Are there any specific risks or precautions I should be aware of when engaging in P2P trading on Binance?