SUI now available on Transak - The Launch On-ramp Partner for Sui Network
Transak now supports SUI, the revolutionary Layer 1 blockchain transforming asset ownership. As SUI's onboarding partner, Transak enables developers to onboard users from 150+ countries through simple card or local payments.
Please note the following:
- Purchases are available with immediate effect
- Asset Name: $SUI
- Ticker: $SUI
- Network: Sui Network
- Link to buy: https://global.transak.com/
What is SUI?
Sui is a smart contract platform maintained by a permissionless set of validators that play a role similar to validators or miners in other blockchain systems.
Sui offers scalability and unprecedented low-latency for simple use cases. Sui makes most transactions processable in parallel. This better utilizes processing resources and offers the option to increase throughput by adding more resources. Sui forgoes consensus to instead use simpler and lower-latency primitives for simple use cases, such as payment transactions and assets transfer. This is unprecedented in the blockchain world and enables a number of new latency-sensitive distributed applications ranging from gaming to retail payment at physical points of sale.
What is Transak?
Transak is a leading web3 onboarding infrastructure provider. Its API-driven solutions enable web3 platforms to onboard users from 150+ countries to 160+ cryptocurrencies across 75+ blockchains. Transak abstracts away the complexity of user KYC, risk monitoring & compliance, payment methods and customer support, enabling web3 applications to be more accessible.
How to buy SUI with fiat?
Step 1: Go to global.transak.com
This will direct you to Transak's On-Ramp widget
Step 2: Select your fiat currency and payment methods
Choose between Transak’s available payment methods and currencies. Enter the total amount of fiat currency you want to spend on your crypto onramp.
Step 3: Select the network - Sui Network
From the network list, select Sui. This will show you the list of tokens available to buy within the network
Step 4: Enter the amount you want to purchase
The minimum and maximum amounts of SUI you can purchase may vary from country to country. It also depends on what fiat currency you are using to buy the crypto. Minimums and maximums will be noted at the time of your purchase.
Step 5: Notice the exchange rate and fees
Click “See calculation” and review all fees before moving ahead with your transaction.
Read more about Transak’s fees.
Step 6: Click “Buy Now”
Note the processing time to get an expectation as to when you can receive your $ETH.
Step 7: Enter your supported network address
Here, you need to safely enter your correct supported network address
Step 8: Do KYC with Transak, if KYC is already done, proceed to Pay
Now we need to verify you with a simple KYC process. Please follow the step-by-step guide on the screen. Post approval, you can proceed to Pay. If your KYC is already approved, then you will be directed to pay
Step 9: Receive Crypto
Post payment, you will receive the crypto in your addressed wallet directly.
For any doubts with regards to your Transak experience, please raise a query at support.transak.com