🚀 A beginner’s guide to Sui Coin in the world of coins
Ever wondered why Sui Coin is all the rage? We break down its appeal in easy-to-follow points for beginners, including speed, fees, and practicality, and teach you everything from creating a wallet to staking!
🌱 What is Sui Coinand who made it?
Sui Coin is a blockchain platform that works as “smooth and seamless” as its name suggests. The team behind it is a US startup called Mysten Labs, and it’s worth noting that the core members of the team are the same people who worked on Facebook’s (now Meta) blockchain project, Diem.
In short, Sui was created with the goal of “making blockchain faster, cheaper, and more accessible to the average person”. *** Translated with www.DeepL.com/Translator (free version) ***
📊 Where is Sui Coin currently located?
Market capitalization: mid-cap coins in the top 100
Listed on: Already listed on major exchanges such as Binance, Upbit, Coinbase, etc.
Increasing circulating supply, which is expanding the real-world base of use.
It’s one of the fastest rising projects among new blockchains these days.
✨ Why Sui is getting attention
1. 🏎️ Speed – “If regular coins are bicycles, Sui is an electric scooter”
Sui has a very fast processing speed for a blockchain. For example, Bitcoin processes 7 transactions per second, while Ethereum processes 30…
👉 Sui can process thousands of cases per second!
2. 💸 Fees – “feels like a freeway highway pass”
It’s so cheap that transaction fees are almost non-existent. If it costs $5 to buy a coffee, no one would use it, right? Sui solved that problem.
3. 🧱 Scalability – “We’re not building brick by brick, we’re building like a prefab!”
Thanks to its unique structure, Sui can handle many users and services simultaneously, which is perfect for running games, social media, shopping, and more.
💡 What are the actual Sui based services?
Sui Wallet: A dedicated wallet app for Sui. Easy to use on mobile
BlueMove: NFT marketplace (buy and sell Sui based NFTs)
Utility game projects: “Sui-based mini-games” are slowly emerging.
It’s still early days, but the important thing is that we’re starting to see some really useful apps being created.
🔥 Why are investors interested in Sui today?
✔️ The expectation that it could be the “next Solana”
✔️ Recognition that there is a need for real “usable” projects on the blockchain
✔️ Trust that the developer team is from the meta
✔️ Listing on large exchanges such as Binance → Increased accessibility
To summarize, I’m interested in it because “I can get it cheap now, and I think I’ll use it more in the future”!
🪙 What are the opportunities and risks of investing in Sui?
🎁 Opportunities
Still undervalued, so much room for growth
NFTs, games, web3 services, etc.
Airdrops, staking revenue opportunities for long-term holdings
⚠️ Risk
The project is in its early stages and has little validated data
Need a clear advantage over competing coins (e.g. Avalanche, Solana, etc.)
May go down with the market in a general downturn
💡 Sui investing tips for beginner investors
👉 No more blind baking!
✨ Split buying: Buy in installments, like “buy a little today, a little next week”
🧊 Don’t panic sell because of a drop: if the project is good, the price may come later
💼 Staking: you can earn a small amount of interest by depositing coins in your Sui wallet.
🧠 Stay informed: follow the Sui project on Discord, Twitter, the official blog, and more!
🧰 Creating a Sui Wallet – From Scratch!
To spend or store Sui coins, you first need a wallet, and there is an official wallet for Sui called “Sui Wallet”.
🔧 How to install
Open the Chrome browser
Access the Chrome Web Store and search for “Sui Wallet
Click Install extension
Select ‘Create new wallet’ and set a password
Make sure to backup your ‘Recovery Phrase’ – if you forget it, you won’t be able to recover your wallet ⚠️
📌 Only using a smartphone?
For now, I like to create a wallet in Chrome on my PC and use it as a login on my mobile browser.
💎 Sui Staking – How to leave your coins and get rewarded!
🎯 What is staking?
👉 “I leave my Sui coins in the hands of the network, and I get paid as a reward”.
Think of it as a kind of interest-bearing savings account.
🪙 Staking methods (based on Sui Wallet)
Accessing Sui Wallet
Select the Sui (SUI) coins you own
Click the ‘Stake & Earn’ or ‘Staking’ tab
Select a Validator – choose one with a good yield or stability from several
Enter the staking amount → Confirm
📌 It can usually take around 24-48 hours to unstake.
Don’t stake money you’re going to spend in a hurry!
👩🏫 Beginner’s Tip – Remember this when using Wallet & Staking!
✅ Make sure to backup your wallet passphrase & recovery phrase
✅ Sui coins always go to your wallet after purchase on the exchange through the official link
✅ When staking, also check validator reputation and returns
✅ Stake all coins X → Stake only some, keep some liquid
✅ Wrapping up
Sui Coin is hot right now for a simple reason.
It’s a fast, cheap, and usable blockchain.
It’s still early days, but it’s exciting to see what the future holds!
💬 If a friend asked me, I’d say.
“You don’t need to know anything too complicated. Just know, SUI could be one of the coins that people can actually use in the future!”
