Let’s talk about native coins and tokens.
A native coin is built into a blockchain itself, such as BTC on the Bitcoin network, ETH on Ethereum, and BNB on BNB Smart Chain.
One thing many people overlook: it’s useful to know the difference between native coins and tokens. When choosing a chain, setting aside Gas, or checking a contract address, you need to know which type of asset you’re holding.
Remember to keep a little native coin in your address to pay Gas fees. Otherwise, your tokens may get stuck and you won’t be able to transfer them.
$ETH is Ethereum’s native coin. Any tokens transferred on Ethereum require $ETH to pay Gas.
Stay level-headed and don’t get carried away.
A native coin is built into a blockchain itself, such as BTC on the Bitcoin network, ETH on Ethereum, and BNB on BNB Smart Chain.
One thing many people overlook: it’s useful to know the difference between native coins and tokens. When choosing a chain, setting aside Gas, or checking a contract address, you need to know which type of asset you’re holding.
Remember to keep a little native coin in your address to pay Gas fees. Otherwise, your tokens may get stuck and you won’t be able to transfer them.
$ETH is Ethereum’s native coin. Any tokens transferred on Ethereum require $ETH to pay Gas.
Stay level-headed and don’t get carried away.