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Coin - is the primary medium for exchanging value in the ecosystem.It is used to reward the validators/miners Token - is a secondary medium for exchanging value in the blockchain. They are "live" in a smart contract, so in blockchain which does not support smart contract development can not have tokens.


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coin: L1 native asset (BTC, ETH, SOL, ADA) token: asset via smart contract (ERC20, NFT, ERC1155, community tokens, social tokens, ...).


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to add my 2 cents - now it seems the best non-custodial EX for lowest fees is on https://curve.fi/ren - it supports BTC to WBTC, everything else was more expensive.


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