In this guide, we’ll walk you through securely holding and staking SUI tokens on your Ledger hardware wallet. Learn how to maximize security and earn staking rewards with this step-by-step tutorial.
What is SUI?
Sui is a Layer-1 blockchain launched in May 2023, featuring its native SUI token. Built using Move (a Rust-based programming language), Sui offers:
- Fast transactions
- Instant finality
- Horizontal scalability
- Low fees
- Parallel transaction processing
Sui operates on a delegated Proof-of-Stake (dPoS) consensus mechanism, making staking essential for network security.
Why Use Ledger for SUI?
A Ledger is a cold storage hardware wallet that:
✔ Provides offline security against hacks
✔ Supports SUI token storage and staking
✔ Enables secure transaction signing
Step-by-Step Guide: Holding and Staking SUI on Ledger
Prerequisites
- Ledger device (Nano S/X/S Plus) with latest firmware.
- Ledger Live installed (official setup guide).
- Sui Wallet Chrome extension (download here).
Part 1: Setting Up SUI Wallet
- Install Sui Wallet (via Chrome Web Store).
- Open the wallet and click “Create New Wallet” (skip seed phrase backup—we’ll use Ledger’s secure keys).
- Set a strong password.
- Ensure the network is set to “Sui Mainnet” (top-right menu).
Part 2: Connecting Ledger
- Update firmware via Ledger Live.
- Install the SUI app through Ledger Live’s App Catalog.
- Open Sui Wallet → Settings → Accounts → “Connect Ledger Wallet”.
- Select your Ledger device and approve the connection.
- Choose your Ledger-generated SUI account from the list.
Part 3: Staking SUI
Enable Blind Signing:
- Open the SUI app on Ledger.
- Navigate to Settings → Enable “Blind Signing”.
- In Sui Wallet, select “Stake & Earn SUI”.
- Choose a validator (research fees/uptime).
- Enter the amount (minimum 1 SUI) and confirm gas fees.
- Approve the transaction on your Ledger device.
Success! Your SUI is now staked. Rewards accrue from the next epoch.
Key Considerations
- Validator Selection: Diversify across multiple validators.
- Monitoring: Track rewards via Sui Explorer (link).
- Risks: Staking locks funds—always DYOR.
FAQ
Q: How often are staking rewards distributed?
A: Rewards are distributed per epoch (~24 hours).
Q: Can I unstake SUI anytime?
A: Yes, but funds are locked for 1-3 days before withdrawal.
Q: Is Blind Signing safe?
A: Required for staking but disable it after use for security.
Final Notes
By staking SUI on Ledger, you combine top-tier security with passive income. Always:
- Keep firmware updated.
- Verify validator reputations.
- Monitor your staking dashboard.
For further reading: