One of the main reasons people use banana plugs is convenience. Connecting speaker wires directly to binding posts can be a ...

And one thing that gets old really fast is cutting, stripping, and winding raw speaker wire ... insert the raw end of wire into the banana plug's core and tighten the screws to secure.

Contrary to audio cable marketing; anyone can cut, strip, and install banana plugs on speaker wire. The following is a step-by-step guide and recently added YouTube Video on how to do exactly that.