Introduction
Staking Sui can be an excellent choice for those looking to hold SUI while earning returns in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-timers. That's why we've created this guide specifically for you.
Step-by-Step Guide for Indian Investors
1. Acquire Sui (SUI) Tokens in India
To stake Sui, you first need to acquire it. To obtain Sui, you will have to purchase it from a cryptocurrency exchange. You can select from these popular platforms available in India.
2. Choose a Sui Wallet in India
Once you have SUI, you'll need to choose a Sui wallet to securely store your tokens. Here are some reliable options available in India.
3. Delegate Your SUI in India
We recommend using a staking pool when staking SUI. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their SUI, increasing their chances of validating transactions and earning rewards. You can easily do this through your wallet's interface.
4. Start Validating
You will need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you will automatically validate transactions on the Sui network. For these validations, you will be rewarded with SUI.
What to Keep in Mind
When engaging in staking, it's important to factor in transaction fees and staking pool charges. Additionally, there may be a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take some time to accomplish.
Latest Trends in India
Sui (SUI) is currently priced at $1.7 with a 24-hour trading volume of $192.63Cr. The market cap of Sui stands at $1.46KCr, with 300.96Cr SUI in circulation. For those looking to buy or trade Sui, Uphold offers avenues to do so securely and efficiently
- Market capitalization
- $1.46KCr
- 24-hour trading volume
- $192.63Cr
- Circulating supply in the market
- 300.96Cr SUI
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