Token vs Coin: learn the token and coin definitions & the differences between security token, utility token & equity token in this Token vs Coin guide.

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Today, we’ll be looking at a topic that often confuses people who are new to cryptocurrency —Token vs Coin.

Sometimes people use the term “coin” to refer to what other people call “tokens”, and “token” to refer to what others call “coins”. Some people will use either name to refer to all the digital assets currently available.

However, there are very big differences between crypto coins and crypto tokens, so it’s important you know what they are!

This Token vs Coin guide will start by looking at why there is so much confusion over the two terms. It will then give some explanations of what coins and tokens really are, provide you with examples of coins and tokens, and explain how each is used.

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By the end of this guide, you’ll also be able to recognize whether a digital asset is a token or a coin. Which is what you’re here for right?

So, let’s get started!

Token vs Coin: What is a Coin?

The definition of a digital coin is an asset that is native to its own blockchain. Think about Bitcoin, Litecoin, or Ether. Each of these coins exists on their own blockchain.

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