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Crypto Token FAQs What Is a Crypto Token? A crypto token is a virtual currency token or a denomination of a cryptocurrency. It represents a tradable asset or utility that resides on its own blockchain, and allows the holder to use it for investment or economic purposes. What Is the Purpose of Tokens? Crypto tokens can be used to represent an investor's stake in the company or they can be used for an economic purpose, just like legal tender. This means token holders can use them to make purchases or they can trade tokens just like other securities to make a profit. Is Bitcoin a Token or a Coin? Bitcoin is a cryptocurrency, which has virtual tokens or coins that can be used to trade or make purchases. What Is the Difference Between a Crypto Coin and Token? Crypto coins allow individuals to make payments using their digital currency. People can use tokens, though, for many more reasons. They can use them for trading, to hold and store value, and, of course, to use as a form of currency. What Are Different Types of Tokens in Blockchain? Tokens that reside on blockchains include reward tokens, currency tokens, utility tokens, security tokens, and asset tokens.