Differences between .exe and .bin

Hi, I would like to ask a technical question, so newbies like me can
start understanding better: What is the difference between .exe and
.bin files? Could someone give a brief explanation?
Which one is better (if there is a better one)?

Thanks mates!

.EXE files are a strictly MS-DOS and MS Windows idea. In Linux and UNIX/BSD any file can be executable, regardless of extension (or lack of extension). BIN files are just executable scripts with a BIN after their name. The important thing in a Linux/UNIX/BSD system is that the file have the executable permission turned on (chmod +x filename). I'm not sure that answers your question, but there you go.

Under GNU/Linux file extensions aren't needed, but they are used for a convenience. But neither .exe nor .bin are regularly used. The .exe extension is used to indicate Windows executables, which Linux can often execute using the Wine application.