The difference between a coin and a token.

[Ayush Singh 1175]

Its an great information and i am thankful to you for sharing this information with us as there was a great confusion among the tokens and coins and after reading your post i am able to clear all my confusion its an valuable posts for me. 

[Migo 7946]

I know some informations about this field, but now I have a good ideas about it, and the coin has a specific price,and already listed in the market and we can find markets to exchange or trade them not like tokens, most of them are useless, so coins are the important now

[fatima123 320]

There are following main difference between token and coins. Coin has its own blockchain but token launched on others blockchain it has no their own blockchain such eth is coin and yo token is token. 

[phpMailz 568]

The difference between a coin and a token is not much they are both cryptocurrency terms except when you use the word coin you are mostly referring to a cryptocurrency that has its own main network and when you referring to token you are talking about a cryptocurrency that is being hosted on other currency network.

[Benjamin 84]

9 hours ago, Nida said:

I agreed now  the new releases coin that has no value yet in the market but once this coin having some value .

Well, don't based my statement from that because im not totally correct to that thing, this thread is very accurate so its good to be based to that statement instead from me. Happy posting.

[Jokeer 648]

7 hours ago, ETheHedgehog said:

I didn't realize that there was a difference between a token and a crypto coin, i just thought that it was different naming

 

No, it's not just different the naming. A coin they have their own blockchain like Bitcoin ETH and for token they don't have own blockchain. Token deploy on using other blockchain.

[ShakilA 373]

Coin is totally pure Cryptocurrency but token is not fully Cryptocurrency.

[Ankit Nepal 719]

14 hours ago, Mandoy01 said:

Hi guys, this topic is made for the newbie. I remembered before I was also confused about token and coin. So I will explain it in the most simplest form I can think of. Though there are many things that can be used to differentiate but I will use the most crucial difference between them.

 

First what is a coin?

A coin in the cryptocurrency sphere refers to the digital coins or cryptocurrency that has its own blockchain for example we have bitcoin, litecoin, doge coin, ripple and many more.

 

What is a token?

A token is a form of cryptocurrency which does not have its own blockchain. It uses existing blockchain as its platform for example we have ERC-20 tokens that uses Ethereum Platform such as EXMR, BTCRED and many more. Aside from Ethereum Platform other tokens uses Waves Dex, and NEO whose tokens are called NEP-5 tokens.

 

So in short there are two kinds of cryptocurrency the coin and token. Coin are digital coins with its own blockchain while tokens uses existing blockchain platform to function.

Coins are any cryptocurrency that has a standalone independant blockchain (Bitcoin, Ethereum, XRP, …)
– Altcoins are considered as coins that are not Bitcoin.
– Tokens are cryptocurrencies that do not have their own blockchain but live on another blockchain. As they live on another blockchain, they benefit from its technology.

[Afrizal rahman 2636]

Thank you for telling you what is the difference between koi and tokens. What I can take from your explanation is that the coin uses the Blokchain that has set it up while the token does not have its own Blokchain but it follows the existing platform.

[Zeyazan 204]

In short the token is the first stage of coin... The coin is affiliated to a particular platform And have real value in the market.... As for the token, don't be able to do it in any platform.And it has no real value.

[Muskan7816 175]

Coin is a foreign currency that we use every time and the token is like an airdrop in which you have the option of converting cash. Token is an airflow you exchange money for. A currency is a currency that we use every time

[Sagor 500]

On 1/26/2020 at 8:02 PM, syedramim said:

Coin is a currency which we use everytime and token is like a airdrop which you exchange to money.

Coin is a currency which we use everytime and token is like a airdrop which you exchange to money.

I think all the coins has their own block chain technology but the token dont have any own blcok chain. thats why they use other platform to transfer.

[Saira 1077]

On 1/26/2020 at 7:06 PM, Satishmolankar said:

Yes this is right but there are two types of crypto currency the token also taken place in the crypto currency but it take time to come from token to coins so there is only one type of crypto currency 

I agree to your post the token also taken place in the cryptography but it take to come from tokens. 

[tienda 8776]

Those type of topic are good to be introduced here the details and to know more, so thank you for this big information I m sure that will benefit more about your topic and also there are many members who add more their knowledge here.

[Jesoy 1342]

Ohh. Now I understand. I have x10 token before and I raelly confuses it with coin. But this is an enlightenment to my confused understanding before. Keep sharing good post.

[Mcd0d0 5882]

it was a very informative post again that I've read and i hope that everyone here specially to those newbies that they understand what you pointing in this thread because it was a ideal and useful not only from me but to all members too.

[Ms.o 3322]

Ohh,nice explanations. I never know the difference between that two until i read this. I thought  Coins,tokens,or crypto are all the same.thanks by the way.

[Agios 1763]

Thanks for sharing bro, you have explained in simple language the difference between a coin and a token, so that it is easily understood by everyone. hopefully it can be useful for us, keep creating new topics.

[McCree 713]

This has made me wonder why some wallets cannot accept ERC-20 tokens, because since they just live on the ethereum blockchain, it makes no sense to convert them into some other blockchain which they could fit in.

[Goody28 259]

Coins are currencies that have an existing blockchain features while token on the other hand have no existing blockchain features

[Ricardo Walker 196]

Thank you so much for explaining. I think that earning coin is much profitable instead of collecting tokens.

[Mehnil125 431]

The difference between the coin and token is that coin has a block chain and token has not have any block chain this is the main difference. 

[Harris123 281]

Nice information.Thanks for your appreciable post.I didn't know it verified.It will help many members too.Thanks

[Cryptoba 37]

Difference between a coin and token is coin has its own blockchain but a token has not its own blockchain.

[Unknown user 256]

I think the manae different between coins and Tom and arethat the coins are made with blockchain and the Tom and are existing blockchains .