What's the Difference between a Crypto Coin and a Token?

The biggest differences between a coin and a token is if the coin/token has it's own blockchain or uses another's. Coins are built on their own native chains, for example Ethereum and Bitcoin. While tokens are built on another projects chain, for example AAVE Governance Token is built on Ethereum's Main-net, this would make AAVE a token as it uses another hosts security/size.

Need to learn more? Check out our in-depth coins vs tokens article where we explain key differences and benefits!