How to Stake Sui (SUI) for optimal returns

Introduction

Staking Sui can be an excellent choice for those looking to hold SUI while earning APY 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 to assist you.

Step-by-Step Guide for South Korea's Financial Landscape 1

1. 1. Acquire Sui (SUI) Tokens

   To stake Sui, you first need to acquire it. To obtain Sui, you'll need to purchase it from a cryptocurrency exchange. You can choose from these popular platforms available in South Korea.

   플랫폼	코인	Price
   PrimeXBT	Sui (SUI)	1.46 APY
   YouHodler	Sui (SUI)	1.46 APY
   Binance	Sui (SUI)	1.46 APY
   BTSE	Sui (SUI)	1.46 APY
   Coinbase	Sui (SUI)	1.46 APY
   Kraken	Sui (SUI)	1.46 APY

   Check out all 62 prices

2. 2. Select a Sui Wallet

   Once you have SUI, you'll need to select a Sui wallet to securely store your tokens. Here are some recommended options that are popular among Korean users.

   플랫폼	코인	Staking 보상
   Uphold	Sui (SUI)	Up to 1.7% APY
   Ankr	Sui (SUI)	Up to 1.84% APY
   Bake	Sui (SUI)	Up to 2.5% APY
   Binance	Sui (SUI)	Up to 1.6% APY
   Bitget	Sui (SUI)	Up to 3.4% APY

   Check out all 24 staking rewards available.

3. 3. Delegate Your SUI in South Korea

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

4. 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

You should be aware of the transaction and staking pool fees that apply. Additionally, there may be a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take a bit of time in the process.