What is the difference between Coin and Token? A simplified explanation for beginners in crypto
One of the most frequently asked questions by beginners: What is the difference between Coin and Token?
Despite the similarity of the terms, the difference between them is fundamental in terms of structure and technology.
✅ What is a Coin?
A digital currency that has its own blockchain
Examples: Bitcoin (BTC), Ethereum (ETH), Solana (SOL)
✅ What is a Token?
A digital asset built on another blockchain network
Usually used in applications or projects
Examples: USDT and Uniswap (UNI) on the Ethereum network
✅ Main differences:
Element Coin Token
Own blockchain? Yes No
Network creation? Requires full building Built via smart contracts
Usage Payment, Mining Tool, Governance, Rewards
🔚 Summary:
Knowing the difference between Coin and Token helps you evaluate projects and deal with wallets and platforms.
📩 Did you distinguish between them before? Tell us about your experience.
#CryptoEducationNow #TokenVsCoin #BinanceLearn2Earn #BinanceSquareTalks