How to Stake Sui (SUI): A Step-by-Step Guide

Introduction

Staking Sui can be a great option for those who want to hold SUI but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially 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
In order to stake Sui, you need to have it. To obtain Sui, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
Uphold Sui (SUI) 4.33
Kraken Sui (SUI) 4.33
OKX Sui (SUI) 4.4
YouHodler Sui (SUI) 4.33
Binance Sui (SUI) 4.32
BTSE Sui (SUI) 4.33
See all 29 prices
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.
Platform Coin Staking rewards
Bitget Sui (SUI) Up to 3.4 APY
Bitmart Sui (SUI) Up to 1 APY
Binance Sui (SUI) Up to 2.9 APY
MyCointainer Sui (SUI) Up to 4.07 APY
See all 12 staking rewards
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.

Platform	Coin	Price
Uphold	Sui (SUI)	4.33
Kraken	Sui (SUI)	4.33
OKX	Sui (SUI)	4.4
YouHodler	Sui (SUI)	4.33
Binance	Sui (SUI)	4.32
BTSE	Sui (SUI)	4.33

Platform	Coin	Staking rewards
Bitget	Sui (SUI)	Up to 3.4 APY
Bitmart	Sui (SUI)	Up to 1 APY
Binance	Sui (SUI)	Up to 2.9 APY
MyCointainer	Sui (SUI)	Up to 4.07 APY

What to be Aware of

There are transaction and staking pool fees you need to consider. There can 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 $2.84 with a 24-hour trading volume of $1.93B. The market cap of Sui stands at $14.6B, with 3.01B SUI in circulation. For those looking to buy or trade Sui, Bitget offers avenues to do so securely and efficiently}

Market cap: $14.6B
24h volume: $1.93B
Circulating supply: 3.01B SUI

See latest information

Frequently Asked Questions About Staking Sui (SUI)

What is Sui (SUI) staking?: Sui (SUI) staking involves holding and delegating your SUI tokens in a Sui network wallet or a supported staking platform to earn rewards. Stakers help secure the network and, in return, receive additional SUI tokens as rewards. Remember to stay informed about staking options and platform updates using Bitcompare's tools.
How are staking rewards calculated?: Staking rewards for Sui are calculated based on multiple factors, including the amount of SUI staked, the duration of the staking period, and the overall network performance. Bitcompare provides real-time price comparisons and alerts, ensuring you have the latest data to make informed decisions.
When are staking rewards distributed?: The distribution frequency of Sui staking rewards can vary depending on the network's parameters or the platform used for staking. Typically, rewards are distributed periodically. Stay updated with Bitcompare for any changes in reward distribution schedules.
Is there a minimum amount of SUI required for staking?: Most platforms require a minimum amount of SUI to start staking, which can vary. Always check the specific requirements of the platform you choose. Use Bitcompare's tools to identify the best exchanges and platforms with their rates and services.
What are the risks involved in staking SUI?: While staking can be profitable, it comes with risks such as network security threats, market volatility, and platform reliability. It's vital to remain informed and utilize Bitcompare for up-to-date sentiment analysis and news events regarding Sui.
Can I stake SUI on multiple platforms?: Yes, you can stake on multiple platforms, though it may depend on the conditions set by each platform. It's sensible to evaluate each platform's reputation and staking conditions, using Bitcompare's trusted exchange comparisons and rates as a guide.
How do I start staking SUI?: To begin SUI staking, select a reputable platform that supports Sui, transfer your SUI tokens to the platform's wallet, and follow the staking process. Keep informed with Bitcompare's emails alerts and news updates for any changes in stake methods.