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What is the difference between a cryptocurrency coin and a token?



https://GeorgeLevy.com/ presents:

In this video, I answer a question from one of the students of the Cryptocurrency Fundamentals course,:

“What is the difference between a cryptocurrency coin and a token?”

I also show you where you can view different kinds of cryptocurrency coins and tokens along with their valuations.

You can find the Cryptocurrency Fundamentals course at the following link:

http://cryptocurrencyfundamentals.com

For more information on the Blockchain Institute of Technology, visit https://BlockchainInstituteofTechnology.com

Special offer for George Levy channel viewers, open a new Bitcoin wallet for Free and get $10 bonus in Bitcoin at:

https://blockchaininformer.com/btcwallet

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24 Comments on "What is the difference between a cryptocurrency coin and a token?"

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Dmitry Isp
Guest

Look at the young and ambitious project TokenGO, in which interesting ideas with the benefit for the investor, and besides, at the end of the ICO, the launch of its own exchange is planned https://tokengoplatform.com.

1000 inone
Guest

BLAH BLAH BLAH UP TO 2:00

Entrepreneur_87
Guest

Great short description, thx 🙂

Sheldon Spock
Guest

Negan

The Distributed Exchange: Blockchain and Beyond
Guest

If the value of a token is able to be transferred to a different platform, does it stop being a token?

Christian Mattar
Guest

I honestly didnt get the answer I was looking for.
You did say that Tokens use a currency's blockchain, but thats about it. you didnt really explain what that means in practice. why should i buy one versus the other, what are the difference between both in terms of applications. All those important questions.

Champ Bangla
Guest

what is ico ?

Donel King
Guest

Thanks Sir.

Art Healing
Guest

Hi George!
Thank you SO MUCH for your professional explanation. Cristal clear!… CONGRATS!
Regards from México…
Susana Elizabeth Zaragoza

Mario Bruneau
Guest

Thank you George. Now I know.

Alessia Aikley
Guest

So.. a token couldn't be its own coin? Like if a token's only purpose was going to be, that it would be used as money. Never gonna be anything else. Say money for a certain industry. Say it was going to be money for use only at casinos, or on cruise ships. But it was built on ethereum. Still a token? Cause its being used as a currency.

Alex Voytko
Guest

creepy smile 😀

Nidhesh Pillai
Guest

Can we exchange or spend tokens like the coins???

Ben McConnell
Guest

So is this the 'token' that trades on yobit????

Bavenk Kuruvilla
Guest

Hearty genuine smile and thanks for the explaination , was able to savvy a pinch of what a token is . Not blaming you but in the limited n complicated subject you did very good n thanks

Johnny Doe
Guest

thanks. short and to the point.

Hardik Kalsariya
Guest

Great video cheer mate

TheEarthIsFlat !
Guest

Cant you just dumb it down and say tokens are stock in a company, and coins are currencies?

PaiNExoTiC
Guest

OMG Finally! haha thanks. I've been searching for hours trying to figure out the difference and you helped me figure it out in less than 5 minutes.

OLUWAFERANMI VICTOR ADEFOLAJU
Guest

Thanks for the presentation. May i ask, How can the token gotten from an ICO , transfered into MEW be converted to a coin and then posibly a fiat or an exchange and used for purchases. thanks, i look forward to a reply

Jason Crypto Shin
Guest

Clear and concise thanks

Aflam Faisal
Guest

People are mean, they’d focus on the little things that they don’t like and ignore the good content. Good work man

david martinez
Guest

So why we can find OmiseGo (and others) in both lists? (coins and tokens?)

mwiti Stanley
Guest

Thanks for definition