What is SUI used for?

The SUI token serves several purposes within the SUI blockchain ecosystem. It’s used to pay gas fees for transactions and smart contract executions, secure the network through staking, and will play a role in on-chain governance in the future. SUI also serves as a base asset in DeFi protocols and dApps built on the network.

What makes SUI different from other Layer 1 blockchains?

SUI is designed for scalability and speed through parallel transaction execution, meaning it can process multiple transactions at the same time. It also uses an object-centric model, where digital assets are treated as programmable objects. Combined with its use of the Move programming language, SUI offers high throughput, low latency, and developer flexibility unmatched by many traditional Layer 1 chains.

SUI uses a Delegated Proof of Stake (dPoS) mechanism. Token holders can delegate their SUI to validators, helping to secure the network and earn staking rewards. Staking can be done through the official SUI Wallet or supported third-party wallets and platforms that offer SUI staking services.

Does SUI have a maximum supply?

Yes. SUI has a fixed maximum supply of 10 billion tokens. A portion of the supply is allocated to community incentives, ecosystem development, and early contributors. In addition, a percentage of gas fees paid in SUI is burned, introducing a deflationary element that could reduce the circulating supply over time.

How fast is the SUI blockchain?

SUI is built for ultra-low latency and high throughput. Simple transactions can often achieve finality in under 2 seconds, and its parallel execution model allows it to scale horizontally as demand increases. This makes SUI well-suited for real-time applications such as gaming, payments, and social apps.

Where can I buy and store SUI?

You can buy SUI directly on Phemex, and we’ll securely hold it on your behalf as a custodial exchange. You can also use other cryptocurrency like USDT to trade SUI on the Phemex spot market. After acquiring SUI, it will be held in your Phemex spot wallet which boasts meticulous security mechanisms.

How to Buy Sui (SUI) Guide

How to Buy Sui (SUI) on Phemex

Buy Sui (SUI) effortlessly on Phemex, the most efficient crypto exchange trusted by millions. Enjoy secure, instant purchases with flexible payment methods, including credit cards, bank transfers, third-party providers and P2P trading, accessible worldwide. Phemex’s intuitive platform and robust security make buying SUI seamless. Kickstart your cryptocurrency journey today—buy Sui securely and confidently on Phemex.

Where can I Buy Sui (SUI)?

Discover where to buy Sui (SUI) on Phemex, a secure cryptocurrency exchange trusted worldwide. These three easy steps let you buy SUI with low fees using credit cards, debit cards, bank transfers, or third-party providers—no minimums, no hassle. With two-factor authentication (2FA), proof-of-reserves audits, and anti-phishing protection, Phemex is the safest place to buy Bitcoin and the best place to buy Bitcoin online.

Step 1. Set Up a Secure Account

Sign up on Phemex in moments with your email to start trading Sui (SUI) globally. Complete quick identity verification to unlock instant purchases. Phemex’s secure registration, backed by 2FA and proof-of-reserves audits, keeps your account safe from the start, making it a trusted cryptocurrency exchange.

Step 2. Choose a payment method

Choose payment options like credit cards, debit cards, bank transfers, or third-party providers for instant processing. Select your fiat currency and (SUI), and enter the amount to spend. Click “Buy” to proceed with ultra low fees. Phemex’s secure platform, backed by 2FA, ensures the fastest way to buy Sui with peace of mind.

Credit/Debit Card

Support:

Currencies 30+

Lowest Fee 0.8%

Arrival Instant

Best For First purchase/Small Amounts

Buy with Credit/Debit Card

Step 3. Buy and Store Sui (SUI) Safely

Confirm your order details and complete payment to buy Sui SUI instantly. Your (SUI) will be credited to Phemex’s high-security wallet, protected by advanced encryption, within 1 hour or after third-party processing. Buy SUI safely and start trading or holding your SUI today with the best place to buy SUI online.