It is not a hype to choose binance as the first exchange, it has the largest trading volume of over $40 billion now the high trading volume makes orders to be filled as fast as easy. Not that alone, binance also have margin and future trading, which make it a good means for future contract traders. You can use binance to purchase crypto from bank directly or through third parties like MasterCard and Visa card. It also has P2P means of exchanging in case you do not want to withdraw directly.
What I like about p2p is that you can convert your crypto directly to your fiat, depends if your fiat currency is available in their platform.
Also, traders are comfortable with binance, even storing their coins for quite a while because they have SAFU in place.