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.
YES YES !! You are absolutely right. I forgotted to mention about different types of trading like margin and future trading.
Another best Binance feature is, I can use my local bank for purchase Crypto..
I have never used Bitstamp, I am an active user on Binance but some trader friends suggest I use this when trading because the site runs smoothly.