Crypto Coins and Tokens: What’s the Difference?

Although these terms are often used interchangeably, tokens and coins are actually two distinct categories of cryptocurrency. It’s important to understand the difference, as each carries different assumptions of trust and use cases. This guide breaks down the key differences between tokens and coins, while also highlighting recommended platforms for buying each.

What Is a Crypto Coin?

In cryptocurrency, a coin is a blockchain’s native digital asset. In other words, coins are built directly into the blockchain itself, rather than existing on top of another blockchain.

Think of it like national currencies: the native currency of the United States is the U.S. Dollar (USD), the British Pound (GBP) for the United Kingdom, and the Euro (EUR) for the Eurozone. Similarly, the native cryptocurrency for the Bitcoin blockchain is Bitcoin (BTC), Ether (ETH) for Ethereum, and Solana (SOL) for the Solana blockchain.

Read the full article on The Difference Between Tokens and Coins at BeInCrypto Indonesia