How do I buy GMT on Binance?

As a cryptocurrency enthusiast, I'm curious about the process of purchasing GMT tokens on Binance. Could you please elaborate on the steps involved? I'm particularly interested in understanding the prerequisites, such as whether I need to have a Binance account set up beforehand. Additionally, I'd like to know if there are any fees associated with the transaction and whether I need to ensure sufficient funds in my Binance account. Could you also provide any insights on the potential risks involved and how to mitigate them? Lastly, would you recommend using Binance as a preferred exchange for buying GMT, and if not, which alternative exchanges you would suggest? Thank you for your time and guidance in this matter.