Is P2P safe?

I'm curious, is Peer-to-Peer (P2P) trading in the cryptocurrency space considered safe? With the anonymity and decentralized nature of these transactions, there seems to be a lot of potential for scams and fraudulent activities. Can you elaborate on the security measures that are in place to protect traders and their assets? Additionally, are there any best practices or guidelines that traders should follow when engaging in P2P transactions to minimize risks?