# Create Token
You can create your own token that can be traded in Waves.Exchange.
Open Waves.Exchange app, login to your account and navigate to the Wallet tab. Then click Create token to go to the Token generation page.
On this page you can specify token name, description, number of decimals, total amount etc.
Token creation costs 1 WAVES.
Fill in the boxes on the Token generation page.
Name of your asset: Give your token a name. Names are not unique, but the identifier (asset ID) is unique. Whenever you are looking for a token, confirm that it is the right one by checking the asset ID. However, if our anti-spam system detects duplicate names, it will automatically mark such tokens as spam. Before you continue, please read the conditions carefully at the bottom of the Token generation page;
Note: The name of the created token can not be shorter than 4 characters.
Description: Write a description for your token. You can include website links which can be particularly useful considering the token description as of now is unchangeable;
Total tokens: Define the total supply of your token. The total supply can either be fixed at the issuance or increased later by making the token re-issuable;
Reissuable: Defines if the token total supply can be increased later. If set to "Reissuable", the issuer can increase the supply at any time;
Note: If Reissuable is selected when the token is created, it can be changed to Not reissuable at a later stage. For details, see Change Reissuable to Not Reissuble article.
Decimals: Specify how many decimals your token will have. For example, if you specify 8 decimals, as in Bitcoin, your token can be divided down to 0.00000001. If you specify 0, your token can only be transacted in whole pieces (1, 3, 15);
Smart asset: A Smart Asset is a token with an attached script that places conditions on every transaction made for the token in question. The validation of a transaction by a Smart Asset’s script increases the transaction fee by 0.004 WAVES. For example, if a regular tx is made for a Smart Asset, the cost is 0.001 + 0.004 = 0.005 WAVES. If an exchange transaction is made, the cost is 0.003 + 0.004 = 0.007 WAVES.
Note: Make sure that you have at least 1 WAVES for token creation fee.
The Preview box displays the token based on your selection.
Before creating new token, carefully read the creation conditions. If necessary, change the name of the token according to the conditions, then select the checkbox and click Generate.
In the following window double-check the entered data and if everything is correct click Send or click Go Back to make corrections.
You can find and sort your tokens in the Portfolio of your Wallet.
See more articles in the Assets Management chapter.