#BinanceTurns8 Below are some basic knowledge for getting started with cryptocurrencies:

1. Exchange: Divided into centralized exchanges and decentralized exchanges, centralized exchanges such as Binance, Coinbase, and decentralized exchanges such as Uniswap, Aave, etc.

2. Wallet: Divided into hot wallets and cold wallets, hot wallets like MetaMask, cold wallets like Ledger hardware wallets.

3. KYC Certification: Known as “Know Your Customer” procedures, requiring the provision of ID, address, and other verifications to prevent money laundering activities.

4. Stablecoin: The most commonly used are USDT and USDC, a stablecoin is approximately equal to one dollar.

5. Whitepaper: The project's “manual”, detailing what the project is about, team background, etc.

6. DeFi (Decentralized Finance): The “banking system” of the crypto world, providing services such as deposits, loans, and investments.

7. Liquidity Mining: A common way to earn in DeFi, providing liquidity to trading platforms, which will allocate transaction fees as rewards.

It is recommended to choose a safe exchange after understanding these basic concepts.