🚨 Coin ≠ Token — Don’t Let Crypto Lingo Trip You Up!
Most people say “coin” when they mean “token”… or vice versa.
But in crypto, that difference matters 👇
🪙 Coin = Native Asset
- Lives on its own blockchain
- Used for payments, fees, or value storage
- Examples: $BTC , $ETH , $BNB
🧩 Token = Built on a Blockchain
- Runs on top of another blockchain (like Ethereum or BNB Chain)
- Created via smart contracts
- Powers DeFi, NFTs, DAOs, and more
- Examples: $UNI, $MATIC (ERC20), $AAVE, $CAKE
🧠 Why It Matters:
| Coin | Token
Lives on | Own blockchain | Existing blockchain (like Ethereum)
Use Cases | Payments, gas fees | DeFi, governance, utility, NFTs
Security Model | Native protocol | Smart contract layer (riskier)
Bonus Insight:
Even on Binance, knowing this helps you:
- Understand what you're actually holding
- Make smarter calls between tech layer vs app layer plays
- Spot risks (smart contract hacks are token-level problems!)
What do you hold? Comment below...
