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Beginners Guide to Buying Sui Meme Coins
The Sui blockchain continues to gain momentum and new users, specifically the meme coin ecosystem. In this tutorial, we’ll show you step-by-step how to get started with trading Sui meme coins. If you’re new to Sui or looking to get into it, then this guide is for you. We’ll show you where to buy $SUI and how to send it to a self-custodial Web3 wallet so you can trade meme coins on-chain. We’ll show you the top DEXs (decentralized exchanges) as well as free analytics tools to help you buy the right Sui ecosystem meme coins.
To start, you’ll need to either buy $SUI directly in Phantom wallet, on a centralized exchange like Coinbase, or bridge another cryptocurrency like $SOL to the Sui Network. Next you’ll need to create a Sui Wallet (now Slush Wallet) and send $SUI to it from your CEX.
Purchase $SUI on a Centralized Exchange or Bridge Another Cryptocurrency over to the Sui Network
The first step is to buy $SUI which you can do on a bunch of major centralized exchanges such as:
You’ll find the full-list of centralized exchanges that offer $SUI on CoinGecko.
- You can also bridge ETH using the Sui Bridge (if you already hold Ethereum). If you have Solana, then use Portal Bridge to convert $SOL to $SUI.
Bridge $ETH to $SUI with the Sui Bridge.
For this guide, we’ll focus on purchasing through Coinbase, though the process is similar on other exchanges.
Setting Up Your Sui Wallet to Receive $SUI from a Centralized Exchange
Sui Wallet is currently the leading wallet for the Sui blockchain, developed by Mysten Labs (the team behind Sui). Key benefits of using the Sui Wallet include:
- It’s the Only Sui native wallet available on desktop and mobile
- Sui Wallet is perfect for on-the-go trading with Sui Sniper Bot
- Simple and user-friendly interface
To set up your Sui Wallet:
- Visit SuiWallet.com
- Download the Sui Wallet browser extension (also available on Apple Store and Google Play)
- Follow the installation process (takes approximately 5 minutes)
- Pin the wallet to your Chrome browser for easy access
Transferring $SUI from Coinbase to Your Sui Wallet
In your Coinbase account (or your chosen CEX) do the following:
- Click “Send Crypto”
- Select Sui as the cryptocurrency to send off the exchange
- Enter the amount of $SUI you wish to transfer
- Copy your Sui Wallet Receive Address
- Paste the Sui Wallet Receive address in the “To” field and confirm the transaction
Pro tip: For your first transfer, send a small test amount of $SUI to ensure you have the process down.
Essential Tools for Trading Sui Meme Coins
If you’re serious about buying and selling Sui meme coins, you’ll want to take advantage of the free tools below. They will help you make better trading decisions and avoid scam projects:
- DexScreener
- Where you’ll find all of the top Sui ecosystem tokens
- Provides price charts and market data
- Displays important metrics like Market Cap and Trading Volume
- SuiVision and/or Suiscan
- The best Sui Blockchain explorers to analyze meme coins
- Shows the holder counts of meme coin projects
- Displays project age and other vital statistics
- InsiDeX
- Features latest created meme coins on the Sui blockchain
- Shows the Top Trending Sui meme coins
- In the Top Gainers you’ll find a Bubble Map of all the Sui ecosystem memecoins
- insiDeX pulls in data from all the Sui decentralized exchanges and meme coin launchpads like Turbos Fun and MoonBags
- insiDeX helps traders avoid rug pulls and HoneyPot meme coins
Top DEXs and Aggregators to Buy Sui Meme Coins:
Sui ecosystem meme coins traders have a bunch of great options in regards to making swaps. The top decentralized exchanges are Momentum DEX, Turbos Finance and Cetus. They’ve been around pretty much since the beginning of the Sui blockchain and also offer Liquidity Pools to earn yield. The top Sui DEX aggregators are Aftermath Finance, 7K Smart Trading, and Hop. I typically use a DEX aggregator when trading Sui meme coins as they ensure your swaps take the best routes. Another option is to use a trading bot platform like RaidenX.
Process of Buying Your First Sui Meme Coin
Use Dex Screener and insiDeX to find coins you like. Once you’ve identified the Sui meme coin to buy, go to a DEX aggregator like 7K or Aftermath Finance. In this example, we’re going to use 7K aggregator as they currently have a “Drops” rewards program. We’re going to buy is $AAA (aaa cat) because it’s one of my favorite Sui meme projects. Follow the steps below to make your first Sui meme coin purchase…
- On Dex Screener, copy the Contract Address of the Sui meme coin which in this example is $AAA cat.
- Go to 7K aggregator and paste the Contract Address in the “You Receive” field.
- Click the “Swap” button to initiate the trade.
- Your Sui Wallet will open where you’re simply Confirm the transaction to complete the meme coin buy process.
The process is equally straightforward for selling – simply reverse the swap direction and select your desired output Sui ecosystem token.
Infrastructure for a Booming Sui Meme Coin Ecosystem is in Place
All of the necessary protocols needed to handle a massive influx of meme coins trading volume already exists in the Sui Network. Sui is fast, easy to use, and cheap in terms of transaction fees. It’s a non-EVM blockchain like Solana but it’s easier for developers to build on because MOVE is a superior smart contract langue to RUST. The table is set and meme coin traders are coming to Sui. With this tutorial, you can now get setup to buy Sui meme coins. Just remember to start small and scale up as your knowledge increases.
Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.
