The difference between a coin and a token.

[Sehr 288]

Nice information its really helpfull for biggers they need information like this . I think many of old people  also need to read this topic . I think coin is official authority  and tokes is unofficially  lounched both are same value but different  ways . Maybe i am right or not ? 

[Nab 263]

the diferent between a cryptocurrencies and token is that cryptocurrencies such as bitcoin, litecoin a ethereum have a bigger market an the tokens are the ones that are managed in some exchanges to be able to buy them and you are willing to sell them at a higher price.

[Balimovic 7]

A coin mostly is round metallic artifact used as symbol of transaction in cryptocurrency market. Token is message sent to complete transaction.

[Nrttb 284]

Thanks to your beautiful topic, I also could not understand the difference between the coins and the shop. With this topic we have realized that thank you again.

[Abdalrazig 1865]

Applications create ERC20 tokens, which function as a digital currency, points in various loyalty programs, and proofs of ownership. Also, ERC-20 tokens can be exchanged for digital coins/other tokens or stored into a personal wallet.

let’s say we have decided to create an online casino that uses cryptocurrency. When playing casino, users must have chips to make the game simple and clear. If a player wants to take part in game, he changes fiat money for tokens, which replace chips.

[Abeha 102]

On 1/26/2020 at 6:42 PM, 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.

I'm really happy to see this useful information about coin token thank you my friend to sharing a useful information with us 

[Yabwat10 5]

The difference between them is there value.to some people coin is more valuable to them while to others token is more valuable

[Seedra 222]

On 26.01.2020 at 15:42, 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.

Thank you for the information..right now..i can know what is the differnt between the tow kinds of coin..token..but until now i donot know how to conver them to real mony

[Lamargie 256]

Thank you for explaining this topic to us ,it helps me to understand the difference of the this.to be honest this is the first time i heard it.

[Mamun100 42]

Yes it is ok but there are two types of crypto currency also the token is placed in the crypto currency but it takes time to get from the token so there is only one type of crypto currency.

[sams 18]

The currency is basically a cryptocurrency but the token is not a complete cryptocurrency. There are differences between the currency and the token.

[yash shukla 99]

Actually I am a Newbie  so I don't know much about this things if anyone know then please tell me to get the difference between the token and coin 

thanks

[noman 155]

On 1/26/2020 at 6:42 PM, 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.

Your given information is really helpful for beginners and newbies. It is your brilliant efforts for us to give us all that information you collected. Thank you.

[Aqib Alizai 100]

As for as i know about the coins and tokens is this that coins have their oun blockchain and token have not but this post has increase my knowledge more about it so i am very thankful to you.

[aniksh001 40]

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.

Yes that is right. and both can convert to money or cash

[creater 2]

coins is the method of payment and the token is the present the company share and the product or service perform thefunctiond coins the buying and selling service.

[Djob 14]

Okay this is respectable but in attendance are two types of crypto currency the proof plus full put in the crypto currency but it grasp time to get here from proof to coins consequently nearby is single one kind of crypto currency. 

 

 

 

[Sun 07 26]

Thank you so much for sharing one of my posts with us. I think this post is very important for all new members. Because through your post we can learn new members

[Mashiur 77]

I think coin is full of cryptocurrency. For this reason I think coin and token both are different.

[samer shero 95]

Briefly coin has its own blockchain whereas the token need a blockchain to builton it example for coin : ethereum btc bnb ont

[el-Muhammady 718]

On 1/26/2020 at 2:48 PM, Mxcity said:

I was really confused about the differences between this two thanks really for this post. Thumbs up. 

They both digital currency but coin has it own blockchain while token is under another blockchain such as ethereum etc

[Mohnet 33]

Nice and good post dear you are make good post 

I had confusions in understanding coin and token and i get useful information here and i will try to read more about

[Sid 589]

The OP's explanation of the difference between coins and tokens is easy to understand. Initially I was confused about the term token and needed time to find information about it.

[Haider Abbasi 102]

On 1/26/2020 at 6:42 PM, 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.

Thank you very much for sorting the confusion about both in my mind Guidance and information is what beginners need to grow their accounts and earn.

[Sagor 500]

11 hours ago, Musillo said:

Thanks for this, before this post i dont think i knew there difference as clearly as this

this forum is very much informative now and you can easily get all kind of crypto related solution from this forum.