How to Stake Sui (SUI) in Australia

Introduction

Staking Sui can be a great option for those who want to hold SUI while earning yield safely and contributing to the network. The steps may seem daunting, especially the first time you attempt them. That's why we've created this guide for you.

Step-by-Step Guide

1. 1. Obtain Sui (SUI) Tokens

   To stake Sui, you need to own it. To obtain Sui, you'll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Cost
   PrimeXBT	Sui (SUI)	1.79
   YouHodler	Sui (SUI)	1.79
   Binance	Sui (SUI)	1.79
   BTSE	Sui (SUI)	1.79
   Coinbase	Sui (SUI)	1.79
   Kraken	Sui (SUI)	1.79

   See all 62 prices

2. 2. Choose a Sui Wallet

   Once you have SUI, you'll need to choose a Sui wallet to store your tokens. Here are some great options.

   Platform	Coin	Staking returns
   Uphold	Sui (SUI)	Up to 1.7% p.a.
   Ankr	Sui (SUI)	Up to 1.99% p.a.
   Bake	Sui (SUI)	Up to 2.5% p.a.
   Binance	Sui (SUI)	Up to 1.7% p.a.
   Bitget	Sui (SUI)	Up to 3.4% p.a.

   View all 24 staking rewards

3. 3. Delegate Your SUI

   We recommend using a staking pool when staking SUI. It's simpler and quicker to get started. A staking pool is a group of validators who combine their SUI, increasing their chances of validating transactions and earning rewards. You can do this through your wallet's interface.

4. 4. Begin Validation

   You'll need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the Sui network. You'll be rewarded with SUI for these validations.

What to Be Aware Of

There are transaction and staking pool fees to consider. Additionally, there may be a waiting period before you start earning rewards. The staking pool needs to generate blocks, which can take some time.