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.
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 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 $3.90 with a 24-hour trading volume of $830.31M. The market cap of Sui stands at $5.45B, with $2.85B SUI in circulation. For those looking to buy or trade Sui, Bitpanda offers avenues to do so securely and efficiently}
- Market cap
- $5.45B
- 24h volume
- $830.31M
- Circulating supply
- $2.85B
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