Sui is a first-of-its-kind Layer 1 blockchain and smart contract platform, designed to make digital asset ownership fast, private, secure, and accessible to everyone. Its object-centric model, based on the Move programming language, enables parallel execution and rich on-chain assets. Sui is said to support a wide range of applications with unrivaled speed at low cost. Sui's native token SUI is used for gas fees and to pay for the storage fund.
Bitvavo makes it as easy as possible to buy digital assets and cryptocurrencies.
1. Sign Up
Create a free account with which you can buy, sell, send, receive and store Sui. Access your Bitvavo account from every location, on mobile and desktop.
2. Transfer Funds
Verify your account and transfer Euros to your Bitvavo wallet using one of the 8 supported payment methods.
3. Buy and Trade
Buy or sell over 150 digital assets and pay a maximum trading fee of 0.25%. Store your assets in your Bitvavo wallet or send them to your external wallet.
Storing Sui and other digital assets requires a wallet, but don’t worry: Bitvavo’s hosted wallet allows you to store Sui without any technical knowledge. Here is a brief overview of the existing wallet options to store your Sui:
Hosted wallets are wallets where the private keys to your Sui are managed by a third party such as Bitvavo. Access to your account is protected by a password and other advanced security features. Once you are logged in, you can easily and conveniently manage your Sui online. Bitvavo offers standard hosted wallets for all digital assets that are offered on the platform.
A software wallet is a program installed on your computer or other device in order to use and manage your Sui. Using a software wallet gives you full control over your private keys, so you are not dependent on third parties. The risk is that you alone are in charge of the security of your Sui, and if malicious parties have access to your device, your private keys (and therefore your Sui) can be stolen.
A hardware wallet is a physical device on which you can store your Sui offline. It is one of the safest ways to store your Sui, because the private keys are stored on a separate and offline device. Access to this device is often protected by a password. In many ways, a hardware wallet can be compared to a safe in which your Sui is stored.
You can use Bitvavo's hosted wallet to easily store, send and receive Sui. Once you have purchased Sui on Bitvavo, you can choose to send your Sui from your Bitvavo wallet to your own software or hardware wallet.