Introduction
Staking Sui can be a great option for those who want to hold SUI but earn yield in a safe way whilst contributing to the network. The steps can be a bit daunting, particularly the first time you do them. That’s why we’ve put this guide together for you.
Step-by-Step Guide
1. Obtain Sui (SUI) Tokens
To stake Sui, you need to have it. To obtain Sui, you'll need to purchase it. You can choose from these popular exchanges.
2. Choose a Sui Wallet
Once you have SUI, you’ll need to choose a Sui wallet to store your tokens. Here are some good options.
3. Delegate Your SUI
We recommend using a staking pool when staking SUI. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their SUI, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.
4. Start Validating
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 you need to consider. There may also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.
Latest Movements
Sui (SUI) is currently priced at US$2.5 with a 24-hour trading volume of US$1.93B. The market cap of Sui stands at US$14.6B, with US$3.01B SUI in circulation. For those looking to purchase or trade Sui, Bitget offers avenues to do so securely and efficiently}
- Market capitalisation
- US$14.6B
- 24-hour volume
- US$1.93B
- Circulating supply
- US$3.01B
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