The difference between a coin and a token. - Page 5 - For Beginners - CryptoTalk.Org Jump to content
Mandoy01

The difference between a coin and a token.

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Theoretically it might be so anyway you must know how to use and withdraw them. Btc coins are converted to lower coins and shifted to your wallet. So far I have gathered this information.

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Thanks for sharing valuable information i don't know difference between coins or tokens but now I know difference between coin or tokens.

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Well i knew little about this topic. That coins are basically currencies and you can use it buy or sell things. And on the other hand tokens are digital assets and can be used as a medium to perform functions inside same company in which it was created . for example if it was created under ethereum then it will give access to the services of all ethereum related service.

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Tokens means then project is launching on any other blockchain such as xlm, eos, trx, btc or eth blockchain technology and coins means every coin has its own blockchain technology. 

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On 1/27/2020 at 2:43 AM, ShakilA said:

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

Coin has it own personal blockchain while token in made from another blockchain such as ethereum etc

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As far as i know coins is crypto currency that we can get in our exchange which is bitcoin, xrp(ripple),litecoin, dogecoin, and etc.. While tokens is about the company of a certain coin. That's what i know, kindly correct me if i'm wrong. 

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I just learned here how to earn through cryptocurrency and tokens and to know what a token I can find out more from your comment thank you.

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Thank you for this great information. I really did not know the difference between them until I saw this post and now I have added new information to my information in the world of cryptocurrencies.


I am very happy to be here to help everyone,
If you benefit from my comment, do not forget to click on  ❤️

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sorry.i do not the difference between about the token and coins.what is token,i want to know about it .i hope i will get answer from this forum.members and seniors are help here .thank to the admin.

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Thank you very much for this great information. I did not know that information about that difference between coin and a token.

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Wow, Thank you for the information. I was thinking till today that Etherrum is a crypto currency, but actually it a token. So, Ethereum doesn't have the blockchain. Its realy good to know the difference between both of them. 

thank you.   

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thanks my friend
for me as i know coins have their own network and their transactions needs fees which are paid with their coin
Token use another coin network like ETH network it is the most famous 
but if you use ETH network you will pay fees with ETH coin not your coin 
so you should know all of these informations before you trade 

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In my thoughts this is the difference, tokens are rewards! You will be paid tokens for participate in something like trading some coins in few sites, refer friends, buy coins and many more. But coins are not rewards but are currencies and this is why when you need to exchange this two things you will do this... Coins to cash but tokens to coins then to cash! so you will not be able to exchange token direct to cash because its not a currency but its a reward that you can convert it to currency.


Time is the ultimate weapon!

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Wow this is called a useful topic.

Before your post I did not differentiate token and coins, now I know what is going in what is token so thanks for sharing this useful post.

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On 1/26/2020 at 3:43 PM, Alejandro01x said:

I need to note that the tokens depend on the ETH, to be able to make transactions (to use it as a fee), and a series of recommendations, such as the safest wallets for example, greetings.

Yes,  but bitcoin has it own personal blockchain while token doesn't have it own blockchain and it is under another blockchain like the ethereum etc

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tokens are usually is received on bounties or airdrops and both has its own wallet , a normal wallet we use to keep our crypto currency doesnt work in that of token


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As per my point of view there is not a big difference between a coin and a token.A token is dependent on blackchain. Token does not have it's own blackchain. They use the existing black chain. A coin is not dependent.Coin has its own blackchain. For example ripple. 

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7 hours ago, Basel098 said:

Cosmic is a campaign, and it is of great value, but the technology is a part of the giant which is usually before traveling, and this is the difference.

My friend, can you explain more about what you are talking about? I have never understood what you are talking about. Thank you for your help

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Thanks for this post. Everything is beautifully written to clean the crystal. In particular, the newcomers to the cryptocurrency world should know the terms correctly so they can start to succeed. Thanks and hope for the best. Thank you. Happy Posting.

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Yes, this is really helpful because other called those token as they are fake because it just drop and I think it is just natural because you can only trade that in some specific exchange.


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In short, token means the first level of currency ... currency is associated with a particular platform and has real value in the market .... As a token, it will not be able to be done on any platform because it has no real value.

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bro honestly I don't no difference between coin and token, but you give good information and knowledgeable post to understand this differences, ithink previously this are same and just they no crypto currency they called tokens, but no these are so many differences it's really good helpful information to.


 

   

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Since I am new user and I don't know much about this topic so thank you so much for sharing this topic and because of your topic and new about a new knowledge that a cryptocurrency coin is different from cryptocurrency token.

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