What does it mean "to delegate to a baking service"? I have my Tezos in my Binance wallet. Is that considered to be delegating to a baking service?
In layman terms, delegating means you are giving someone else, the baker, the ability to create new blocks using your tokens. Let me be absolutely clear that you are never transferring tokens to a baker. Your tokens are always 100% in your control. Bakers are rewarded for creating new blocks and typically share that reward with those that delegate to them. I suggest you go find a Tezos 101 document as understanding delegating is core/fundamental to Tezos.