How To Buy SushiSwap In 4 Easy Steps
SushiSwap is an Ethereum-based blockchain technology that aims to motivate a community of users to run an online platform where they can buy and trade cryptocurrencies. Chef Nomi, a pseudonymous person, created SushiSwap in September 2020. It is an automated market maker (AMM) – a decentralized exchange that employs smart contracts to build markets for a pair of tokens. SUSHI intends to expand the AMM market’s product offerings while introducing new features.
Here’s a guide on how to buy Sushiswap easily.
Step 1 -Choose a Crypto Exchange Platform
The first step to buying SushiSwap is to look for an exchange platform that provides the features you want, such as affordable costs, simple usage, or round-the-clock customer service. You can easily buy SUSHI across various exchange platforms, such as KuCoin, Kraken, Gemini, Uphold, Binance.US, WazirX, Huobi Global, etc., of which Binance is the most popular. These sites allow you to buy and sell several types of crypto.
Step 2 - Register on any of the Platform
Next, create an account on the cryptocurrency exchange you decided to use in Step 1. All crypto trading platforms follow an almost uniform registration process. You must provide basic personal information, such as your name and email address. Then, you will receive an email from the exchange confirming your ownership. For security purposes, always use a strong password. Observe the instructions on your screen, follow them, and provide the necessary information.
Note: You can buy SushiSwap directly with USD and EUR on exchanges like Coinbase Exchange, Kraken, Gemini, and Binance.US. Alternatively, you can buy SUSHI as a USDT, BUSD, and BTC trading pair on Binance, KuCoin, and OKX.
Step 3 - Buy The Cryptocurrency Using Your Feasible Payment Method
There are two options available to purchase SushiSwap – place a market order or limit your buy order. Limit orders will only buy SushiSwap if the token’s cost exceeds your limit order’s specified price. On the other hand, market orders will instantly buy your SushiSwap tokens at the current market price. Different exchanges accept payment methods, such as crypto deposits, debit/credit cards, bank deposits, or wire transfers.
Step 4 - Store the Cryptocurrency in a Wallet
Storing your SUSHI in an exclusive cryptocurrency wallet is a smart idea. Numerous hacks of cryptocurrency exchanges in the past have left investors with nothing. Keep your crypto assets in a software or hardware wallet to reduce the chance of a security compromise. Software wallets are usually free, and they encrypt your cryptos using a set of private and public keys. Use a hardware wallet if you want to keep your cryptocurrency in the safest possible manner. Wallets that accept SUSHI include MetaMask, WalletConnect, Coinbase Wallet, Gnosis Safe, YouHodler, Zerion, etc.
Also read: How to buy loopring
Popular Video Guides on Buying SushiSwap
Where to buy SushiSwap
Also read: SushiSwap Prices Live
1. KuCoin
KuCoin is a safe crypto exchange platform where you can purchase, sell, and exchange Bitcoin, Ethereum, and over 700 other altcoins. KuCoin's Co-Founder and CEO is Johnny Lyu. Since its launch in 2017, KuCoin has become one of the most popular cryptocurrency exchanges, with over 8 million users worldwide.
Factsheet
| Header 1 | Header 1 | |
|---|---|---|
| Operational Since | 2017 | |
| Deposit Methods | Credit/Debit Cards by Visa and Mastercards, Wire Transfer, and Paypal | |
| Deposit Fees | None | |
| Cryptos Listed | 700+ | |
| Trading Fees | 0.005%-0.1%, depending on your tier level | |
| Fiat Currencies Supported | 28 Including USD, EUR, GBP, CAD | |
| Trustworthiness | Safe and reliable |
2. Kraken
Kraken is a San Francisco-based cryptocurrency exchange that Jesse Powell co-founded. It is one of the earliest Bitcoin exchanges listed on the Bloomberg Terminal. With a $333 million daily trade volume as of January 2023, Kraken is the third-largest crypto exchange globally. David Ripley is the company's current CEO.
Factsheet
| Header 1 | Header 1 | |
|---|---|---|
| Operational Since | 2011 | |
| Deposit Methods | Visa/Mastercard, Debit or Credit cards, Digital Wallets, ACH Trading | |
| Deposit Fees | None | |
| Cryptos Listed | 220+ | |
| Trading Fees | 0% - 0.16% for the maker and 0.10% to 0.26% for the taker | |
| Fiat Currencies Supported | USD, CAD, EUR | |
| Trustworthiness | Safe and reliable |
3. Gemini
Gemini is a crypto exchange platform and curator based in the United States that lets users purchase, trade, and store digital assets. In 2014, Cameron and Tyler Winklevoss launched it. Gemini provides institutional investors with tools that let fund managers keep tabs on user activity and access restrictions. It offers very convenient customer service.
Factsheet
| Header 1 | Header 1 | |
|---|---|---|
| Operational Since | 2014 | |
| Deposit Methods | ACH Transfer, Wire Transfer, PayPal, Bank Transfer | |
| Deposit Fees | None | |
| Cryptos Listed | 53+ | |
| Trading Fees | 0.25% for the maker and 0.35% for the taker | |
| Fiat Currencies Supported | 4 (USD, Singapore Dollar, GBP, and EUR) | |
| Trustworthiness | Safe and reliable |
Frequently Asked Questions
Where can you buy SushiSwap with a credit or debit card?
You can buy SushiSwap with a credit or debit card on platforms like Uphold, Kraken, KuCoin, Huobi Global, Binance, WazirX, Coinbase, and other exchanges. Although using a credit/debit card is a quick and easy way to pay for cryptocurrencies, the costs are often greater than other forms of payment.
What will you need to buy SushiSwap?
Before you can deposit money and buy SushiSwap, the basic requirements are a verified crypto exchange account (for which you will need an ID proof), a debit or credit card, and a crypto wallet. A valid email address is required to open a trading account on any crypto exchange.
What is the easiest way to buy SushiSwap?
SushiSwap can be purchased in various ways, but the simplest option is directly through a centralised crypto exchange such as KuCoin, Kraken, Gemini, Uphold, Binance, WazirX, Huobi Global, etc. SUSHI is a fungible coin, with Binance, Huobi Global, and OKEx experiencing the bulk of volume on notable exchanges.
Best wallets to store your SushiSwap (SUSHI) ?
The safest cryptocurrency wallets are typically considered hardware wallets. But most crypto users find software wallets more convenient to use. The best hardware wallet for SUSHI is Ledger Nano S, and the best software wallet is Coinbase. Some other popular software wallets are:
- Gnosis Safe
- MetaMask
- WalletConnect
- Keystone Wallet
- Binance Wallet
