As far as I know they have BONDS, and I think they can't offer such amount of money if hinde nila nameet yung minimum BOND na sinet-up ng Binance just in case na magkaroon ng problem on the part of the buyer/seller.

If magcacashout from P2P, you're on a safe place naman especially if hinde mo pa natatanggap yung pera since as per Binance naman, wag ka magtransfer hanggat hinde mo pa natatanggap ang pera sa bank account mo.

Pero recently, naexperience ko ang delay since ako yung bumili sa P2P, and option ko is GCASH pero yung accoung ng seller is na meet na yung limit sa gcash nya so he asked me to pay thru banks or paymaya, ako naman sumunod nalang sa kanya at nagtransafer sa paymaya account nya. Ayun, nadelay yun pera at hanggang ngayon di nya pa na rerelease yung BNB na binili ko.

If P2P ka, always follow yung mode of payment na pinasok mo at wag ka papayag na magiba yun, or else better to cancel nalang to avoid problem.