A crypto token is a virtual currency token or a denomination of a cryptocurrency. It represents a specific fungible and tradable asset or utility that resides on its own blockchain, and allows the holder to use it for investment or economic purposes.

Technically all cryptoassets can also be described as token. Two important meaning:

  • Any crypto other than BTC or ETH

  • Cryptoassets that run on top of another cryptocurrency’s blockchain.

A token may represent for example 10 hours of streaming content on a video sharing blockchain. Some types of tokens can be: NFT, Security tokens, DeFi tokens, Governance tokens.

Author of this article

Krisztián Gátonyi

Author of this article

Krisztián has 10+ years of experience in proprietary trading in the interbank currency market as a foreign exchange risk manager. He is interested also in real estate and dividend growth investing. His purpose is to help people find the best investment provider.

Krisztián Gátonyi

Senior Broker Expert

Krisztián has 10+ years of experience in proprietary trading in the interbank currency market as a foreign exchange risk manager. He is interested also in real estate and dividend growth investing. His purpose is to help people find the best investment provider.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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