Terenval Crypto Glossary · Русская версия
Native token
Definition: A native token or native coin is the asset built directly into a blockchain's protocol and commonly used to pay that network's transaction fees.
ETH is native to Ethereum and BTC is native to Bitcoin, while ERC-20 tokens are contract-based assets.
How this concept appears in Terenval Wallet
Terenval presents supported native network assets in their respective network contexts, which matters for paying fees and avoiding wrong-network transfers.
Important: A wrapped token with a familiar ticker is not necessarily the native asset of the selected chain.
Try Terenval Wallet
A non-custodial mobile wallet for Ethereum and supported EVM/L2 networks.
Install Terenval WalletA non-custodial mobile wallet for Ethereum and supported EVM/L2 networks.
Related terms
Related Terenval Answers
- Ethereum Layer 2 Networks and Gas Fees
- Can One Crypto Wallet Manage Multiple Blockchains?
- How to Send Crypto Safely Between Wallets
Sources and review
Published by Terenval; product claims are first-party information.