How do I move my Sol from phantom to Binance?

As a cryptocurrency enthusiast, I'm curious about the process of transferring Solana (SOL) tokens from Phantom, a popular Solana-based wallet, to Binance, a leading cryptocurrency exchange. Could you elaborate on the steps involved in this process? I'm particularly interested in knowing if there are any specific requirements or considerations I should be aware of before initiating the transfer. Additionally, would there be any associated fees, and how long does the transfer typically take to complete? Understanding these details would help me make an informed decision and ensure a smooth transaction.