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Quick answer
"I'm fine" is a phrase which is often translated as "estoy bien", and "no, thanks" is an interjection which is often translated as "no, gracias". Learn more about the difference between "I'm fine" and "no, thanks" below.
I'm fine(
aym
 
fayn
)
A phrase is a group of words commonly used together (e.g once upon a time).
phrase
1. (general)
a. estoy bien
How are you, Laura? - I'm fine.¿Cómo estás, Laura? - Estoy bien.
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no, thanks
An interjection is a short utterance that expresses emotion, hesitation, or protest (e.g. Wow!).
1. (general)
a. no, gracias
Do you want to finish the garlic bread? - No, thanks.¿Quieres comer lo que queda del pan de ajo? - No, gracias.
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