You can set up your own Twilio conference line using the new Console and native TwiML Bins, which allows for easy hosting of static TwiML without server setup. To get started, create a bin with TwiML verbs such as `<Say>`, `<Dial>`, and `<Conference>` to configure your conference line. The `<Conference>` verb has parameters like `record` and `beep` that extend call functionality, allowing you to record calls and play notification beeps when participants join or leave. To complete the setup, configure your Twilio phone number to point to your TwiML when a call comes in.