BNB (BNB)
Binance's native token — discounted trading fees and BNB Chain ecosystem.
What is BNB?
BNB (originally Binance Coin) is the native cryptocurrency of the Binance ecosystem, launched in 2017 during Binance's ICO. It initially served as a utility token for Binance exchange fee discounts but has since grown into the native asset of BNB Chain (formerly Binance Smart Chain) — a smart contract blockchain that hosts thousands of DeFi applications, NFT projects, and tokens.
BNB's supply is deflationary by design. Binance conducts quarterly "burns" — destroying a portion of BNB using exchange profits — with the goal of reducing total supply from 200 million to 100 million. As of 2026, the circulating supply is well below the initial 200M cap.
BNB for Indian Investors
BNB is particularly useful for Indian investors who actively trade on Binance. Holding BNB in your Binance account gives you a 25% discount on trading fees, which can meaningfully reduce costs if you trade frequently. For active traders managing large positions, this fee saving can compound to thousands of rupees per year.
BNB Chain (the blockchain) is also popular in India because of its low gas fees — typically a few cents per transaction compared to Ethereum's occasional high fees. Many Indian DeFi users and P2P traders use BNB Chain (BEP20 tokens) for USDT transfers because it is fast and cheap.
BNB is available on Binance, Bybit, Bitget, KuCoin, and CoinDCX. The BNB/INR pair may not be directly available on some Indian platforms, but BNB/USDT is universal.
BNB Tax in India
BNB is treated like any other cryptocurrency under Indian tax law: 30% flat tax on gains, 1% TDS on sales above the threshold. If you receive BNB as a fee discount or reward, the fair market value at the time of receipt is taxable as income. Keep records of all BNB transactions including fee payments.
BNB के बारे में अक्सर पूछे जाने वाले सवाल (Hindi FAQ)
BNB क्या है? (What is BNB?)
BNB, Binance Exchange का Native Token है। BNB Chain पर Trading करने के लिए या Binance पर Trading Fees में 25% Discount पाने के लिए Use होता है। भारत में जो लोग Binance पर Active Trading करते हैं, उनके लिए BNB Hold करना फायदेमंद है।
BNB भारत में कहाँ खरीदें? (Where to buy BNB in India?)
BNB, Binance पर Directly Available है। CoinDCX पर भी INR से खरीद सकते हैं। BNB Hold करने से Binance पर Trading Fees में 25% की बचत होती है — Active Traders के लिए यह काफी Saving है।
BNB पर टैक्स कितना है? (BNB Tax in India?)
BNB पर Profit 30% Flat Tax से Taxable है। BNB Chain पर Token Swap भी Taxable Event है — सभी Transactions का Record रखें। Fee Discount के रूप में मिला BNB भी Income के रूप में Taxable है।
Pros for Indian Investors
- 25% trading fee discount when used on Binance
- Low-fee BNB Chain ecosystem (BEP20 tokens)
- Regular token burns reduce supply over time
- Deep liquidity on Binance — easy to buy and sell
- Used widely for P2P and USDT transfers in India
Cons to Consider
- Centralised — Binance controls BNB Chain validators
- Value closely tied to Binance's business health and reputation
- Regulatory risks around Binance affect BNB price
- Less decentralised than Ethereum or Bitcoin
Where to Buy BNB (BNB) in India
Choose a regulated Indian exchange for your first purchase, or use a global exchange via P2P for more coin options and lower fees.
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