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Sui

Sui

SUI·1.29
-5.69%

Sui (SUI) - Complete Fundamental Analysis

By CoinStats AI

What is Sui (SUI) crypto?

Sui (SUI) Cryptocurrency: Comprehensive Overview

Core Definition and Technology

Sui is a Layer 1 blockchain launched in May 2023 with an innovative concept designed to address fundamental limitations in existing blockchain infrastructure. Sui is a unique Layer 1 blockchain and smart contract platform that seeks to enhance digital asset ownership by making it fast, private, and aims to be accessible to everyone.

Blockchain Architecture

Object-Centric Design

At the heart of Sui's uniqueness lies its object-oriented design, offering a new way of developing on blockchain, offering powerful capabilities in a way that ensures deep composability with important developer and user safety measures. Unlike Ethereum, Solana, and other account-based blockchains that update a global smart contract ledger, Sui uses an object-based model. In this model, each asset is a distinct object linked to a wallet, allowing transactions to be processed in parallel.

Parallel Transaction Processing

By having explicitly defined transaction dependencies transactions on Sui are able to be executed in parallel. Along with this, Sui has unique consensus requirements that allow specific transactions to actually bypass consensus and be completed significantly faster. This allows it to process up to 297,000 transactions per second (TPS) compared to Ethereum's 15 TPS and Solana's 4k TPS.

Consensus Mechanism and Network Security

Delegated Proof-of-Stake

Sui uses a delegated proof-of-stake (DPoS) consensus mechanism to validate transactions. Validators must stake SUI tokens on the network, either their own or delegated by other token holders, to participate in consensus.

Mysticeti Consensus Protocol

Sui uses a directed acyclic graph-based consensus protocol called Mysticeti that optimizes for both low latency and high throughput. On average, testing shows Mysticeti reaches consensus commitment in about 0.5 seconds with a sustained throughput of 200,000 TPS. The introduction of the Mysticeti engine in 2024 slashed consensus latency by ~80%, bringing finality down to about 39 milliseconds even at high throughput.

Programming Language: Move

Sui's programming language, Move, was originally developed by members of the Mysten Labs team while at Facebook. The Move language was adapted from Rust, one of the more popular programming languages in the world. As a higher-level programming language, Move offers strong safeguards for smart contract development that significantly reduce the likelihood of common programming errors and vulnerabilities.

Primary Use Cases and Applications

Gaming and NFTs

By allowing NFTs to evolve based on interactions or real-world events, projects like Sweebs make collecting more interactive and retain user interest longer than static JPEGs. Sui's dynamic NFT technology makes such evolutions efficient, since an NFT's attributes can be updated without needing to burn and re-mint tokens. Dynamic NFTs are also helping bring the GameFi crowd to Sui with the competitive card game Final Stardust, the social farming game Cosmocadia, and the free-to-play fighting game Rushdown Revolt.

Decentralized Finance

DeFi is one of the most promising sectors for blockchain technology, and Sui's efficiency is ideal for DeFi applications that require high throughput and low latency. Use cases include: Decentralized Exchanges (DEXs): High-frequency trading and liquidity management can benefit from Sui's rapid transaction processing. Lending and Borrowing Platforms: Smart contracts can automate and secure lending operations, reducing risk and improving efficiency.

Payments and Real-Time Applications

Sui's blockchain serves as a cornerstone for near-instantaneous settlement in peer-to-peer payments and asset transfers, laying the foundation for the development of fast, secure and accessible financial services.

Founding Team and Project History

Mysten Labs Founders

Sui was founded in 2021 by five former Meta (Novi/Diem) engineers who created Mysten Labs: Evan Cheng, Sam Blackshear, Adeniyi Abiodun, George Danezis, and Kostas Chalkias.

Key Leadership

Evan Cheng, CEO of Mysten Labs, has an extensive background in platform development, with more than 24 years building developer-facing technology and leading engineering teams at companies such as Apple and Facebook. Sam Blackshear, CTO of Mysten Labs, is a researcher and engineer specializing in programming language design, program verification, and developer tools. He is the creator of the Move smart contract language. George Danezis, Chief Scientist of Mysten Labs, is a Professor of Security and Privacy Engineering at University College London with over 20 years of experience working on peer-to-peer system security and privacy.

Origins from Diem Project

Sui's roots lie in Meta's Diem project, a global digital currency initiative that was shut down in 2022 after regulatory pressure. Determined to continue building, several of Diem's leading engineers founded Mysten Labs in late 2021.

Funding History

Series A (Dec 2021): $36M led by a16z. Series B (Sept 2022): $300M led by a16z, with support from Binance Labs, Coinbase Ventures, Jump Crypto, and (before collapse) FTX Ventures.

Tokenomics

Total Supply

The total supply of SUI tokens on Mainnet is capped at 10,000,000,000 SUI. This is the total number of SUI that can ever be minted, but the total supply is not available for transactions. Sui has a hard-capped total supply of 10 billion SUI tokens. No new tokens will ever be minted, making SUI a non-inflationary asset.

Circulating Supply

The circulating supply of Sui is 3,792,183,074 tokens and the total supply is 10,000,000,000 tokens.

Token Utility

The SUI token serves four purposes on the Sui network: Provides the opportunity to stake SUI to participate in the proof-of-stake mechanism. SUI is the asset denomination needed to pay the gas fees required to execute transactions or other operations on the network. SUI acts as a versatile and liquid asset for various applications. SUI tokens play an important role in governance by acting as a right to participate in on-chain voting on issues such as protocol upgrades.

Vesting Schedule

When Sui first launched its Mainnet network (initial SUI mint), there was a one-year cliff period. During this time, all initial investors were blocked from transferring their initial stake of SUI to the marketplace. A common practice for new cryptocurrency, the cliff period protected early network stability against large-scale sell-offs from early investors. The cliff period ended in May 2024.

Deflationary Mechanics

As more data is stored on the network, more tokens are locked in escrow, reducing circulating supply. Users can also burn NFTs or stored data to receive a rebate, further decreasing supply.

Key Partnerships and Ecosystem Integrations

Interoperability Protocols

Axelar Network is a proof-of-stake web3 protocol for secure cross-chain communication. With Axelar, users can interact with any asset or application on different IBC chains and Sui Network with one click. Wormhole is a popular interoperability protocol that allows transferring value and information across 18 different blockchains. It will integrate Sui with other major blockchains like Ethereum and Solana.

Wallet and Identity Solutions

With Sui Wallet and zkLogin, you can onboard Sui immediately! zkLogin allows you to create and manage Sui accounts with a simple web login like Google. Using zero-knowledge cryptography, zkLogin brings the convenience of using a familiar web account to all the benefits around security and ownership that blockchain technology provides.

Gaming Partnerships

On June 1, 2023, Formula 1's Red Bull Racing & Red Bull Technology has become official blockchain partners with Mysten Labs' Sui blockchain. With this partnership, we can demonstrate the true power of blockchain technology, to build communities around novel and ground-breaking connected experiences.

Decentralized Storage

Walrus is a novel decentralized storage solution designed for performance and cost-efficiency. Unlike centralized providers such as AWS, decentralized storage eliminates single points of failure and enables trustless data integrity. Among decentralized storage solutions, Walrus stands out as a potentially attractive option. Its proprietary erasure coding technology dramatically reduces storage overhead, enabling up to 80% cost savings compared to legacy solutions like Filecoin and Arweave.

Competitive Advantages and Unique Value Proposition

Scalability Without Compromise

Sui's technical architecture is purpose-built for global scalability, positioning it especially well for high frequency, low latency use cases like payments and gaming. The network can scale by adding more validators, ensuring high throughput even as demand grows. Unlike traditional blockchains that struggle with congestion during high activity periods, Sui's architecture enables continuous scaling without compromising performance. By leveraging horizontal scaling, rather than relying on Layer 2 blockchains, Sui ensures that as transaction speeds and efficiency remain consistent. This makes Sui a future-proof blockchain capable of handling massive adoption without the risk of network slowdowns or high fees.

Developer Experience

Together, Sui's ecosystem — with Sui's blockchain itself, zkLogins, DeepBook, Walrus, SuiNS, and Ika — represents the first fully vertically integrated application suite in crypto.

Innovative Fee Structure

Unlike many other blockchains where gas fees are solely determined by computational demand, Sui charges fees based on both the computation required and the amount of storage a transaction consumes. This is particularly innovative for use cases like NFTs and dynamic assets, as users can also receive storage refunds when they delete or update onchain data.

Current Development Activity and Roadmap

Ecosystem Growth

Launched in 2023 by Mysten Labs, it addresses common Web3 pain points like high fees and slow transactions, aiming to bridge the gap between Web2 usability and Web3 innovation. By 2025, Sui has matured into a robust ecosystem with over 500 active projects, spanning DeFi, NFTs, and especially gaming, driven by its focus on mass adoption.

Recent Milestones

As of September 2024, Sui has seen remarkable growth, boasting over 18.19 million active accounts and having processed more than 4.58 billion transactions. These figures highlight the strong adoption of Sui among developers and users, particularly for decentralized applications (DApps) that demand both high performance and low latency.

Strategic Focus Areas

SUI plans to encourage the development of decentralized applications (dApps) by offering incentives to developers and improving its support for innovative solutions, particularly in the fields of decentralized finance (DeFi), NFTs and blockchain gaming. The SUI team is working on updates to further improve network performance and scalability, enabling even faster transactions and better resource management, notably by optimizing its parallel transaction model. SUI aims to establish strategic partnerships with other blockchains, technology companies and financial institutions to drive adoption and interoperability, expanding the use of its technology across various sectors.


Sources:

  1. https://www.coinhouse.com/sui
  2. https://coinmarketcap.com/currencies/sui/
  3. https://research.grayscale.com/reports/why-sui-stands-out
  4. https://www.kraken.com/learn/what-is-sui-network-sui
  5. https://www.coinbase.com/price/sui
  6. https://www.sui.io/
  7. https://coinmarketcap.com/academy/article/what-is-sui-the-ultimate-guide-to-the-sui-ecosystem
  8. https://www.ledger.com/academy/what-is-sui
  9. https://www.coingecko.com/en/coins/sui
  10. https://hacken.io/discover/sui-blockchain/
  11. https://docs.sui.io/concepts/sui-architecture/consensus
  12. https://docs.sui.io/concepts/architecture
  13. https://www.ulam.io/blog/demystifying-the-sui-blockchain-a-comprehensive-overview
  14. https://docs.sui.io/concepts/tokenomics
  15. https://tokenomist.ai/sui
  16. https://www.sui.io/token-schedule
  17. https://trustwallet.com/blog/guides/beginners-guide-to-sui
  18. https://community.magiceden.io/learn/what-is-sui-blockchain
  19. https://dappradar.com/blog/what-is-sui-network-a-deep-dive-into-this-next-generation-l1-blockchain
  20. https://blockchain.oodles.io/blog/sui-blockchain/
  21. https://cointelegraph.com/explained/sui-blockchain-explained-is-it-the-future-of-decentralized-networks
  22. https://learn.backpack.exchange/articles/who-founded-sui-blockchain
  23. https://iq.wiki/wiki/mysten-labs
  24. https://suipiens.com/blog/sui-blockchain-founder-mysten-labs/
  25. https://cryptoslate.com/companies/mysten-labs/
  26. https://blockworks.co/news/mysten-labs-launches-blockchain-platform-sui

Is Sui (SUI) a good investment?

I'll retrieve the necessary data on Sui and search for current information.

Sui (SUI) price prediction

SUI (Sui) Price Prediction Analysis

Current Market Context

Current Sui price is $1.78 USD, with a market capitalization of $4.9 billion and ranking at position 25 in the cryptocurrency ecosystem. Over the last 30 days, Sui has had 12/30 (40%) green days and 10.56% price volatility. SUI hit an All-Time-High (ATH) of $5.35 on 6 January 2025, representing a significant pullback from recent highs.


Short-Term Predictions (2025-2026)

2025 Forecasts

SourceConservativeAverageOptimistic
Changelly$1.34$1.76$1.55
Cryptonews$4.93
InvestingHaven$2.20$6.90
CoinGape$3.54

For 2025, SUI is projected to fluctuate between $2.20 and $6.90, with the former ATH at $2.20 being essential for confirming bullish trends, and respecting this level throughout 2025 could push SUI to a bullish target of $8.98.

2026 Forecasts

SourceConservativeAverageOptimistic
CoinCodex$1.07
Cryptonews$1.63
InvestingHaven$4.2$9.1
3Commas$1.48$1.54
CoinLore$1.20$3.34

While the long term price structure remains positive, the beginning of 2026 showcases signs of bullish momentum which may push SUI price toward $3 in the upcoming months, with the $2.20-$2.40 zone remaining a critical resistance zone, and a decisive close above it could open the doors toward the $3 zone.


Medium-Term Predictions (2027-2028)

2027 Forecasts

SourceConservativeAverageOptimistic
CoinCodex$0.98$3.93
Changelly$3.04$3.15$3.73
InvestingHaven$5.5$12.2
CoinLore$0.93$2.13

By 2027, SUI could complete a rounded bottom formation on the higher timeframe charts, pushing beyond the previous all-time high, with the macro trend favoring an expansion phase targeting $6.90, especially if institutional adoption and DeFi activity on Sui network deepen, though correction levels may revisit $3.50.

2028 Forecasts

SourceConservativeAverageOptimistic
Changelly$4.40$4.53$5.37
CoinPedia$8$12
CoinDataFlow$1.40$2.71

As market cycles mature into a full bullish wave by 2028, SUI may benefit from broader altcoin expansion, with price potentially pushing toward $8.20 if strong demand holds above the $5.00 pivot, and volume trends and market dominance metrics may guide short-term pullbacks.


Long-Term Predictions (2029-2030)

2029 Forecasts

SourceConservativeAverageOptimistic
CoinDataFlow$2.58$10.16
CoinPedia$10$16
WeAreBlox€4.28

2030 Forecasts

SourceConservativeAverageOptimistic
Changelly$9.24$9.56$11.04
Cryptonews$4.45$7.15
InvestingHaven$14.40
CoinPedia$12$18
Changelly$17.63
CoinLore$6.33
CoinEdition$11.00

According to CryptoBullet, the SUI price may reach $8+ by 2030, and according to analyst "That Martini Guy," the SUI price could reach $20 or more by 2030.


Expert and Analyst Forecasts

Coinpedia's price prediction for SUI remains bullish, as the token has started the year on a strong note and may continue its upward rally, with SUI price prediction 2026–2030 showing a bullish outlook with long-term targets up to $18.

SUI price prediction shows bullish momentum building with MACD divergence supporting analyst targets of $1.70-$2.10 over the next month from current $1.65 level.


AI and Algorithmic Prediction Aggregations

VentureBurn analysts combine fundamental and technical factors when forecasting SUI's price, with forecasts based on statistics, historical price patterns, and a variety of technical indicators, including RSI, MACD, support and resistance, trendlines, Fibonacci levels, and momentum, with trained AI models and manual reviews also used to enhance prediction accuracy.

The Sui Crypto price prediction on CoinCodex is calculated using the historical Sui Crypto price dataset, accounting for past volatility and market movements, and the algorithm uses the cyclical nature of Bitcoin halvings, which introduce extra supply-side pressure on BTC every 4 years.

CoinLore's forecasts are based on historical price patterns, technical indicators such as RSI, MACD, and Fibonacci levels, as well as trend momentum, and they also utilize statistical models and pattern analysis tools and perform manual reviews to help explore possible price scenarios.


Historical Price Pattern Analysis

The SUI price action observed since late 2024 showed a steady bullish trend, forming higher highs on the weekly timeframe, with the major swing low formed during the broader market bottom marked in mid-2024 near the $0.50-$0.53, and following the bottom, SUI printed a sharp rally in the Q2 2024, supported by ecosystem growth and positive market sentiment, with the rally gaining momentum during Q3 2024 and into early 2025, resulting in hitting an All-Time-High (ATH) of $5.35 on 6 January 2025.

The weekly chart shows SUI breaking out of a symmetrical triangle that began forming in Q1 2025, signaling the beginning of a broader continuation trend.


Key Price Catalysts and Potential Triggers

Positive Catalysts:

The project is expected to make several key updates that will boost its utility and attractiveness to both developers and users, and last year, the Sui blockchain processed 7.5 billion transactions, outperforming the likes of Tron, Polygon, and Ethereum.

With the Federal Reserve cutting rates and investors showing greater risk appetite, SUI could benefit from stronger inflows into the crypto market, with its advanced technology, expanding ecosystem, and rising adoption positioning it well to capture upside momentum if favorable conditions persist.

This optimistic outlook hinges on continued technological advancements and widespread adoption within the blockchain ecosystem.

Negative Catalysts:

Geopolitical events such as trade tensions or new tariff policies can sway market sentiment and trigger short-term volatility across the crypto space.

Based on multiple technical quantitative indicators, the current forecast for Sui Crypto in 2026 is bearish, which could be an indication that Sui Crypto is a bad buy in 2026, however, it's important to consider both technical factors (price history) and fundamental factors (on-chain activity and development) before making the decision to buy Sui Crypto or not.


Factors That Could Invalidate Predictions

Invalidation occurs if SUI falls and stays below $0.36.

In the short to medium term, SUI may experience price drops, potentially reaching lows around $1.39, which represents a critical support area where buying opportunities may arise, but dropping below $0.36 would signal a more bearish outlook.

The bearish scenario for SUI centers on failure to maintain current support levels, with the immediate downside SUI price target sitting at $1.33, representing a 19% decline from current levels, and a more severe bearish case would see SUI testing the strong support at $1.30, dangerously close to the 52-week low of $1.35, which would invalidate the current bullish Sui forecast and likely trigger additional technical selling.

The crypto market follows cyclical patterns with bull runs bringing optimism and heavy investment that can drive substantial price increases, while bear markets can see even the most stable cryptocurrencies lose 80–90% of their value, and although analysts frequently predict market growth based on persistent optimism and investment enthusiasm, the crypto market is inherently highly volatile and prone to rapid shifts.


Prediction Range Summary

Conservative Scenario (2030): $4.45 - $9.24
Base Case (2030): $9.56 - $14.40
Optimistic Scenario (2030): $17.63 - $20.00+


Sources:

  1. https://changelly.com/blog/sui-sui-price-prediction/
  2. https://coincodex.com/crypto/sui/price-prediction/
  3. https://investinghaven.com/sui-sui-price-prediction/
  4. https://cryptonews.com/price-predictions/sui-price-prediction/
  5. https://coinpedia.org/price-prediction/sui-price-prediction/
  6. https://ventureburn.com/sui-price-prediction/
  7. https://coingape.com/price-predictions/sui-sui-price-prediction/
  8. https://3commas.io/predictions/sui
  9. https://weareblox.com/en-eu/price-prediction-sui
  10. https://coindataflow.com/en/prediction/sui
  11. https://coinlore.com/coin/sui/forecast/price-prediction
  12. https://blockchain.news/news/20260103-price-prediction-target-sui-170-210-in-4-6-weeks
  13. https://coinedition.com/sui-price-prediction/

How high can Sui (SUI) go?

I'll gather current data on Sui and analyze its price potential across multiple scenarios.

How to buy Sui (SUI)?

Comprehensive Guide to Purchasing Sui (SUI)

Quick Overview of Purchase Options

Sui (SUI) is available through multiple channels to accommodate different preferences and experience levels. SUI can be purchased on numerous centralized exchanges, including Binance, Coinbase, KuCoin, Bybit, Kraken, Bitfinex and more. Additionally, SUI can be traded on decentralized exchanges (DEXs), which allow you to trade directly from your wallet without relying on a central authority. DEXs offer greater privacy and control over your funds, making them a popular choice for those who prioritize security in their transactions.


Detailed Exchange Comparison

ExchangeTypeKey FeaturesTrading PairsRegional Notes
BinanceCentralizedOne of the largest and most well-known cryptocurrency exchanges globally, offering a comprehensive platform with a wide range of services. The exchange is known for its extensive list of supported cryptocurrencies, low fees, and high liquidity. Binance also offers various trading options, including spot, futures, and margin trading, catering to traders with different needs and preferences.Tether, USD Coin, and USD have been the top three trading pairs for SuiGlobal availability
CoinbaseCentralizedSUI is currently available to buy on Coinbase's centralized exchange. You can buy SUI on Coinbase with an approved payment method, including a bank account, a debit card, or you can initiate a wire transfer.SUI/USD, SUI/EURCurrently, only US customers are able to buy SUI or add US dollars using PayPal. All other customers are only able to use PayPal to cash out or sell, and transaction availability depends on region.
KuCoinCentralizedKuCoin is the most popular crypto exchange among altcoin traders and one of the best exchanges overall. In addition to spot markets, the exchange hosts margin and futures markets, its own NFT marketplace, as well as its own lending and staking solutions.KuCoin supports trading of Sui Crypto in 3 pairs, with USDT, USDC and KCS being the most traded ones by volume.Global
KrakenCentralizedKraken is a leading crypto exchange known for its robust security measures and extensive range of supported digital assets. As a centralized platform, Kraken offers a dependable and efficient trading experience, making it a favored choice among both beginner and seasoned traders.Multiple pairs including SUI/USDNorth America, Europe
BybitCentralizedBybit's "One-Click Buy" feature simplifies purchasing cryptocurrencies like BTC, ETH, and, of course, SUI. This handy tool lets you seamlessly buy and sell digital assets using fiat. You can choose from payment methods such as bank cards, third-party providers, or your available balance.Multiple fiat and crypto pairsGlobal
MEXCCentralizedMEXC is a user-friendly exchange that charges 0% for both spot and futures maker fees.Tether, USD Coin, and USD have been the top three trading pairs for SuiMEXC doesn't require KYC verifications for crypto trading, this is required when depositing money with Visa or MasterCard

Step-by-Step Purchase Guide: Coinbase Method

Download the Coinbase app, sign up, and have a valid ID (and possibly proof of address) ready for verification. Connect a bank account, debit card, or wire transfer in the payment method section. On the app, tap Buy & Sell; tap (+) Buy button. Search for SUI in the asset list and select it.

Detailed Steps:

  1. Create and Verify Your Account

    • Download the Coinbase app or visit coinbase.com
    • Sign up with your email address
    • Provide personal information and upload photo identification
    • Complete any additional verification requirements
  2. Add a Payment Method

    • Navigate to Settings in your profile
    • Select "Payment Methods"
    • Add your preferred payment option (bank account, debit card, or wire transfer)
    • Verify the payment method
  3. Navigate to Buy Section

    • Tap or click "Buy & Sell"
    • Select the "Buy" option
  4. Search and Select SUI

    • Search for "Sui" or "SUI" in the asset list
    • Select SUI from the results
  5. Enter Purchase Amount

    • Input the amount in USD you wish to spend
    • Review the conversion rate to see how much SUI you'll receive
  6. Confirm and Complete

    • Review transaction details
    • Confirm the purchase
    • Funds will be deposited to your Coinbase wallet

Alternative: Kraken Method

Step 1: Sign up - Provide your email address and country of residence to get started with our secure verification process. Step 2: Choose a payment method - Send a bank wire, make an ACH purchase, use a credit/debit card or connect several other payment methods. Step 3: Click "Buy Crypto" - Select "Buy crypto" on either Kraken's desktop and mobile app to start your purchase. Step 4: Choose from 400+ assets - Buy Sui Network or select from hundreds of other popular cryptocurrencies available on Kraken today (geo restrictions apply). Step 5: Enter the cash amount - Input the amount you want to spend using your local currency before previewing how much SUI you will receive.


Wallet Recommendations

Hot Wallets (Software)

Official Sui Wallet

Sui Wallet is developed by Mysten Labs – the team behind the Sui blockchain – and is considered the official wallet by the Sui Foundation. It is available as a mobile app for iOS and Android users, and is also available as a browser extension for Chromium-based browsers (Chrome, Edge, Opera, Brave). Sui Wallet enables users to buy, send, and swap SUI and related tokens from its app, and also offers staking and liquid staking options for its users.

Key Features:

  • Sui Wallet incorporates zkLogin, which allows users to create their wallet with the Single Sign-On authentication scheme, allowing users to log in with a social ID like Google or Discord. To further secure your account, you can also turn on 2-step verification on Google.
  • Built-in support for staking, users can stake SUI tokens directly within the wallet and earn rewards without leaving the interface.

Other Software Wallets:

  • Suiet is a widely recognized browser extension wallet in the Sui ecosystem, offering a user-friendly interface and developer-focused features. With over 100,000 active users as of mid-2024, it has quickly become a go-to option for managing SUI tokens and NFTs. Suiet's straightforward design allows users to send and receive tokens, mint NFTs, and securely manage their assets with features like TouchID and FaceID.

  • Martian Wallet is a software wallet that offers support for the Sui and Aptos blockchains. It can be used for buying and swapping, trading NFTs, staking, and bridging tokens from other blockchains using a wallet extension.

Cold Wallets (Hardware)

Ledger Nano X

Ledger is a popular multichain cold wallet for crypto assets, providing security for crypto assets through offline storage of private keys. While Ledger is not exactly a wallet as it does not directly support Sui, you can use your Ledger hardware wallet to secure and manage your Sui assets by connecting it to a compatible third-party wallet. Sui Wallet supports Ledger, and after connecting your Ledger to Sui Wallet, you can review and sign transactions securely using your device.

SafePal S1

SafePal S1 is a relatively affordable cold wallet that locks your funds in a CC EAL5+ Security Chip that is fortified by an air-gapped signing mechanism. Nobody but you, alone, can touch your crypto.

Storage Strategy:

Many users balance security and accessibility by using a hardware wallet for the bulk of their assets while keeping the assets they need to access more frequently in a separate hot wallet.


Trading Pairs Available

You can trade Sui Crypto with many fiat currencies including USD, KRW, EUR, GBP, TRY and many stablecoins such as USDT, USDC, FDUSD, USDE.

Most Popular Pairs:

  • SUI/USDT (highest volume)
  • SUI/USD
  • SUI/BTC
  • SUI/ETH
  • SUI/EUR

Fees Comparison

Exchange fees vary significantly. KuCoin is known for low fees, amounting to 0.1% for both makers and takers. MEXC is a user-friendly exchange that charges 0% for both spot and futures maker fees.

Understanding the various fees associated with trading Sui (SUI) is essential for managing costs and maximizing your returns. Some exchanges may offer zero-fee trading for SUI as part of promotional campaigns or for certain trading pairs. However, these offers are typically limited in time or scope. It's important to read the exchange's fee structure and terms to fully understand any potential costs.


Security Best Practices

Account Security:

  1. Ensure stronger protection of your account by setting Google 2FA code, anti-phishing code, and trading password.

  2. Non-custodial wallets give users complete control over their private keys and assets. Non-custodial wallets offer unmatched control and independence, but with that comes the responsibility of securing private keys or recovery phrases.

  3. With more than five million customers, Ledger Nano wallets have several layers of security that protect private keys, and hence your assets: Your private keys are stored on secure element chips. A PIN code and a 24-word recovery phrase are required to access the wallet.

Withdrawal Security:

Yes, the Sui Network you buy on Kraken is yours. Kraken makes it easy to withdraw your Sui Network to any hot wallet or cold wallet that supports Sui Network. Simply enter the external wallet address and your Sui Network will be in your wallet a few moments later.

Private Key Management:

Recovery seeds (12-24 words) rebuild access if devices fail-store on metal plates.


KYC Requirements Overview

Register on your chosen platform using your email address or phone number. Complete any required KYC verification by submitting identification documents if needed.

Typical KYC Process:

  • Email verification
  • Photo identification (passport, driver's license, national ID)
  • Proof of address (utility bill, bank statement)
  • Phone number verification
  • Possible video verification for higher withdrawal limits

Regional Variations:

MEXC doesn't require KYC verifications for crypto trading, this is required when depositing money with Visa or MasterCard so if you have crypto coin which you want to exchange you can skip next step and deposit coin instead.


Regional Availability Notes

United States:
Currently, only US customers are able to buy SUI or add US dollars using PayPal. All other customers are only able to use PayPal to cash out or sell, and transaction availability depends on region.

North America and Europe:
If you're in North America or Europe and looking into where to buy SUI coin securely, Kraken is among the top choices. It's beginner-friendly, safe, and lets you start small—buying the token with as little as $10.

Global Access:
Binance, KuCoin, and MEXC offer global access with varying regional restrictions. Always verify that your country is supported before creating an account.


Alternative Purchase Methods

Peer-to-Peer (P2P) Trading:

Peer-to-peer (P2P). You can use a P2P platform to find someone who will sell you SUI directly in exchange for cash.

Crypto ATMs:

Sui ATMs. You can purchase SUI with cash using a specialized Sui ATM. These can be found in many major cities in the US. You will still need to hand over some photo ID and pass a Know Your Customer (KYC) check.

Swap Aggregators:

Swapzone is a non-custodial instant crypto exchange aggregator that helps users scan the network of registered exchanges globally and gives them a comprehensive list of those that support a particular trading or swap pair.


Official Resources