People in the crypto space often use the words “coins” and “tokens” interchangeably, but they mean different things. Because they are both “cryptocurrencies,” they are easy to mix up. In a nutshell, cryptocurrency is any digital asset based on blockchain technology. This includes both tokens and coins.
The most significant difference between these two is their use. You can do some things with tokens that you can’t do with coins. On the other hand, some markets will only accept coins, not tokens.
This article will outline the main distinctions between crypto coins and tokens to help you with your venture or investment needs.