What is the difference between cryptocurrency coins and tokens?

[Noor]

The key difference between cryptocurrency coins and tokens is that coins are native to their own blockchains (like Bitcoin and Ethereum) and serve primarily as digital currency, while tokens are created on existing blockchains (like Ethereum) and can represent various assets or utilities, such as access to a platform or voting rights.

 

[Emily]

Cryptocurrency coins operate on their own blockchain (e.g., Bitcoin, Ethereum), while tokens are built on existing blockchains and serve various functions like smart contracts or utility purposes.