How & Where To Buy Sushiswap (SUSHI) In December 2024 – The Ultimate Beginners Guide

In this guide, we will be teaching you how to buy Sushiswap tokens in 2024. We will start by reviewing the best crypto exchanges where you can buy SUSHI tokens.

We will then explain what Sushiswap is and how it works. Note that Sushi has a somewhat sordid past – evidenced by Chef Nomi’s greed – the $14 Million “Exit Scam”- as well as its close affiliation with Sam Bankman Fried. These notwithstanding, we will look at the top reasons why Sushiswap is one of the best cryptos to buy right now.

We even provide you with a step-by-step guide to investing in Sushiswap on one of the best altcoin exchanges around.

How to Buy Sushiswap (SUSHI) – Quick Steps

This guide teaches you how to buy Sushiswap tokens in the US right now. It walks you through the process of buying cryptos on eToro – an SEC-regulated crypto brokerage. The process is quick and straightforward. Plus, you only need $10 to start buying the best cryptos in the US.

• Step 1: Create a free crypto trader account – Open the official eToro.US website and hit the “Join Now” icon. Complete the registration form that appears. Come up with a unique username and create a strong password for this account.
• Step 2: Fund this account – On your approved crypto account, hit the “Deposit Funds” icon. From the funding tab that appears, click on a preferred deposit method. Follow the prompts to deposit at least $10 into this account.
• Step 3: Find Sushiswap – On the search bar on the eToro home page, enter the term ‘Sushiswap’ or simply ‘SUSHI’ – the ticker symbol for the token. Click on the “Trade” button that appears here.
• Step 4: Buy SUSHI tokens – A trading tab will appear. Use it to customize this investment by indicating how much you intend to invest in Sushiswap. Indicate the amount and hit the “Open Trade” button.

Cryptoassets are a highly volatile unregulated investment product. No EU investor protection.

Below, we will explain this crypto-buying process in detail. We will also discuss the most popular ways of buying what has become one of the best DeFi coins around. This guide also goes over SUSHI’s past price action and explores its expected future price performance. First, though, we discuss the best crypto exchanges for buying Sushi tokens.

Where to Buy Sushiswap (SUSHI) – Best Exchanges

Sushiswap is a fairly popular DeFi coin. It commands a large online following and is decently liquid. These have helped it list with all the best crypto trading platforms.

We vetted tens of these and eventually settled on the following as the best places to buy Sushiswap tokens today. When coming up with this list, we considered a number of factors. These include regulation and reputation, beginner friendliness, trading fees, customer support, liquidity, and safety.

Here is an overview of what our analysts consider the best places to buy SUSHI in 2024.

1. eToro – Overall Best Pace to Buy Sushiswap (SUSHI) in 2024

eToro emerged as the overall best crypto exchange for buying Sushiswap tokens. It ticked all the right boxes on our checklist of factors to consider when looking for the best crypto exchange. It, for example, is user-friendly and appeals to both newbie and professional crypto traders.

The beginners are drawn in by its quick and straightforward account opening process. But they stay to enjoy its intuitive trading interface and practice trading on its demo account which has $10,000 in virtual funds.

Experts, on the other hand, join eToro to leverage its fast transaction processing speeds and deep liquidity. They, however, stay to enjoy its 75+ advanced charting and trading tools. Both classes of investors are also drawn in by the passive investing programs hosted on eToro.

First is copy trading which lets newbies automate the copy trade feature and earn without having to analyze the markets. Popular investors are, on the other hand, rewarded with a commission for letting others copy their trades. Either class of investors can also use the staking feature and earn up to 5.3% APR on select coins.

eToro is also the best place to buy SUSHI because it is completive and transparent with its trading fees. For starters, eToro supports fractional investing. This makes it possible for you to buy Sushiswap and the rest of the hottest cryptos for as little as $10. Further, eToro doesn’t charge a broker commission for crypto trades. Rather, it maintains a fixed fee of 1% of the trade volume.

You may also want to buy SUSHI and the next cryptos to explode on eToro because it is safe. The crypto brokerage has never been hacked. It has put in place stringent security measures around its systems and apps. These include demanding two-factor authentication for all client accounts. It also insures cash deposits for US residents with FDIC – up to $250,000. Further, it provides users with free and safe digital wallets – a web wallet and mobile wallet app.

Want to learn how eToro compares to other top crypto exchanges? Read our eToro vs Robinhood and well as eToro vs Binance comparative guides.

Cryptoassets are a highly volatile unregulated investment product. No EU investor protection.

2. KuCoin – Best Sushiswap (SUSHI) Crypto Exchange for Low Fees

According to data from CoinMarketCap, KuCoin is the 4th most liquid crypto exchange in the world. It also hosts a wide range of crypto assets – more than 700 and 1000+ crypto pairs. Here, you get to interact with all the top trending coins – including Sushiswap.

KuCoin then maintains some of the most competitive crypto trading fees. When buying SUSHI on KuCoin you will only part with a volume-based maker/taker fee of between -0.005% and 0.1%. You then qualify for a 20% discount if you settle this fee with KCS coins.

You may also want to buy Sushiswap on KuCoin because it exposes you to a wide range of passive income generators. These include staking, crypto lending, KCS bonuses, dual investing, and shark fin. The exchange also lets you invest in the best future cryptos before they explode on its token Launchpad.

Not forgetting that it also integrates a peer-to-peer trading platform where you can buy Sushiswap fee-free. These and the fact that it presents with guides on how to invest in cryptos make it one of the best crypto exchanges for beginner traders.

A host of other factors help it appeal to active traders. These start with its low fees and large crypto library. Then, they extend to its competitive trading fees and fast transaction processing speeds. They also include its support for crypto derivatives – futures and options – trading. Not forgetting its support for margin trading with leverages of up to 5X and 100x for spot and derivative trades, respectively.

KuCoin is also the best place to buy Sushiswap tokens because it is safe. For starters, the exchange doesn’t share sensitive client information with third parties. It also lets you allowlist crypto addresses and enable two-factor authentication. Importantly, it provides you with free digital wallets. These are an exchange-based wallet that holds most crypto offline and a free and safe mobile wallet app.

3. Binance – Best Sushiswap (SUSHI) Exchange for Passive Investing

With more than 175 million users globally, Binance is arguably the most popular and most accessible crypto exchange. It is also the most liquid and has more Bitcoin reserves than any other crypto exchange. The exchange also has one of the largest crypto libraries – supporting 400+ coins and 1000+ crypto pairs.

Here you will find the most undervalued cryptos like Sushiswap as well as the most volatile digital assets to buy right now.

But we included it among the best places to buy Sushiswap because of it exposes users to passive investing. Binance is home to a wide range of passive investing programs – which appeal to beginners and long-term investors. These include staking, copy trading, trading bots, dual investing, and auto-investing. You may also participate in liquidity mining. The Binance Launchpad also lets you invest in the next cryptos to explode before they hit the open markets.

In addition to these, Binance makes it here because of its highly competitive crypto trading fees. When buying SUSHI tokens on Binance, you only pay a volume-based maker/taker fee of between 0.012% and 0.1%. You also qualify for a 25% fee discount if you settle the trading fee using BNB coins.

If you wish to buy SUSHI fee-free, use the integrated Binance peer-to-peer platform. This lets you buy cryptos instantly with PayPal, cards, bank deposits, and 900+ other local and international payment methods.

Other factors making Binance the best crypto exchange include its support for derivative – futures and options – trading. It also supports margin trading for both spot and crypto derivatives with leverages of up to 10X and 125X, respectively. Binance is also a multi-asset trading platform and integrates an NFT marketplace.

Want to learn how Binance compares to equally popular crypto exchanges? Read our Coinbase vs Binance comparative guide.

4. Crypto.com – Best Place to Buy Sushiswap (SUSHI) for Active Traders

Several reasons help make Crypto.com the best crypto exchange for buying Sushiswap. The following stood out the most for us. First is its highly intuitive trading platform. Here, you get to interact with 250+ cryptos and 500+ crypto pairs. These range from the most sustainable cryptos to new cryptos. The exchange then integrates 100+ charting tools and technical indicators. Plus, it has some of the fastest transaction processing speeds.

Further, Crypto.com maintains affordable deposit and crypto deposit minimums. You, for instance, can start buying Sushiswap on Crypto.com with as little as $2. The supported deposit and withdrawal methods include PayPal, credit cards, debit cards, and bank transfers.

It also maintains highly competitive trading fees – ranging between 0% and 0.075%. If you have staked CRO tokens, the exchange doesn’t charge you maker fees. Taker fees are then reduced by between 3% and 30% – depending on how much CRO you have staked. These make it one of the exchanges for crypto day trading.

Further Crypto.com hosts several passive income-generating programs. These include crypto staking, lending, and limited-time supercharger events. It also supports automated crypto trading and investing. Trades are placed via the Grid bots and TWAP bots while auto-investing is facilitated by the DCA bot.

Others include the fact that Crypto.com is a safe exchange. It provides users with a free DeFi wallet and publishes audited proof of reserves regularly. It also supports different other forms of crypto trading – including margin trading and crypto derivative trading. Not forgetting that it, too, integrates an NFT marketplace while charging zero gas fees.

Want to learn how Crypto.com compares to other top crypto exchanges? Read our Crypto.com vs Coinbase comparative guide.

What is Sushiswap (SUSHI)?

Sushiswap is a decentralized exchange and a blockchain protocol hosted on the Ethereum network. It is a Uniswap clone that came to be after Uniswap’s hard fork in September 2020. It was created by an anonymous individual or group of individuals – only referred to as Chef Nomi. In bringing Sushiswap to life, Chef Nomi instigated a vampire-mining-styled hard fork that involved pulled liquidity from Uniswap.

To incentivize users, Chief Nomi promised to launch SUSH tokens and distribute them to liquidity providers. It worked because Uniswap hadn’t launched a DEX token at the time. By the end of the exercise, close to $1 Billion of assets locked in Uniswap moved to the Sushiswap liquidity pool. After creating the blockchain protocol code for Sushiswap the pooled funds were moved to the new Sushiswap platform.

During the transition phase – from Uniswap to Sushiswap – Chef Nomi removed close to $14 Million worth of cryptos from this pool. This sparked an uproar within the crypto community. Investors interpreted this as an “Exit Scam.” Chef Nomi would later return the funds and step down as chief developer for the project. But the damage had already been done. Sushiswap liquidity pools started bleeding while the SUSHI token’s price came crashing.

Chef Nomi handed over oversight for the DEX to a crypto rising star – Sam Bankman Fried. Less than two years later, SBF would be implicated in the biggest scandal in the crypto industry. This led to the collapse of the FTX exchange and Alameda research companies. All the crypto projects he was involved in, including Solana and Sushiswap – also suffered serious price crashes.

Throughout the extended bear market of 2022 and 2023, however, Sushiswap has undertaken multiple developments to its ecosystem. These include extending the reach of SushiXSwap cross-chain swap service to more than 7 blockchain networks. It also introduced the Sushiswap V2 and recorded a rise in total trade volumes – to $51 Billion in 2023. Currently, Sushiswap is in the process of a soft rebranding – from Sushiswap to Sushi.

Is Sushiswap (SUSHI) a Good Investment?

Even though SUSHI has had a tumultuous past, our analysts are still confident it still is worth buying. Below, we look at the top reasons why you may invest in Sushiswap tokens:

• Possible rebound: A growing number of analysts and forecasters are confident that Sushiswap will eventually rebound. For a coin that’s currently trading 95%+ below all time, a rebound would mean 2300%+ gains for your capital.
• Recovering market: You may also want to buy Sushiswap today because it is obedient to crypto market trends. Heading into 2024, the Bitcoin ETF approval and Bitcoin halving are expected to trigger a bull market. This would the price of the best altcoins – like SUSHI – to start rallying in reaction to a recovering market.
• Cash-in ecosystem developments:  We have mentioned that Sushiswap developers have dedicated a lot of time to growing the SUSHI ecosystem. But these developments are yet to be priced in. Like most altcoins, SUSHI will probably only begin cashing in the value of these developments when the market starts rallying. This makes now, while it trades at a discounted price, the best time to invest in Sushiswap.
• Adoption and popularity of DEXs: Today, decentralized exchanges are gaining popularity as individuals look for alternatives to the overregulated centralized exchanges. Sushiswap has, for instance, been adopted or entered into partnerships with multiple brands in and off the crypto-verse. These help increase the SUSHI token’s use case, which positively impacts its price.
• Massive resilience: You will also want to buy Sushiswap today because of its unmatched resilience. Despite the many challenges it has faced in the past, it has always rebounded. It already rebounded from the Chef Nomi exit scam as well as SBF’s scandal. It will eventually recover from the extended bear market.

Sushiswap (SUSHI) Past Price Action

There was no ICO for SUSHOI tokens. The SUSHI tokens were originally distributed to the individuals who decided to move liquidity from Uniswap. With a maximum supply of 250 million SUSHI tokens, 1000 tokens were minted every 12 seconds – with every ETH block. The token minting rate would, however, be cut down to 100 tokens daily after the migration from the Uniswap liquidity pool to the SushiSwap DeFi protocol.

Sushiswap token then premiered in the crypto markets selling for around $2 in late August 2020. Less than 72 hours later, SUSHI token prices were up by more than 440% to reach $8.80. The pulling out of liquidity by Chef Nomi would, however, crash SUSHI’s value. It crashed below $1 in the first week of October and proceeded to set the current all-time low of $0.47 in November 2020.

The coming in of Sam Bankman and a recovering crypto market at the end of 2020, however, helped, trigger its recovery. It recaptured the $1 price level in mid-November and even stormed into 2021 trading above $3. By the time it set its current all-time high of $23 in March 2021 – SUSHI was trading 11500% above its introductory price.

Since then, Sushiswap’s price has been on a sustained downtrend. This may be attributed to a number of factors. First is Uniswap’s impressive recovery from the hard fork. Second, lost investor confidence in Sushiswap which saw most stakes return their liquidity to Uniswap. Thirdly, the crypto market has been battling an extended bear market between 2022 and 2023. Sushiswap’s depressive performance may also be attributed to Sam Bankman’s scandalous exit from the crypto world.

At the beginning of 2024, Sushiswap was trading around $1.25. It was trading more than 95% below its all-time high and close to 40% below its introductory price.

Sushiswap (SUSHI) Price Forecast

There is a general consensus among Sushiswap investors, analysts, and forecasters that SUSHI will eventually rebound. They, however, can’t agree on the recovery pace or how high it can reach. Here is a look at what different algorithmic forecasters expect SUSHI to perform in the foreseeable future.

• Sushiswap price prediction 2024: Digital Coin Price expects SUSHI to trade between $1 and $2.32. PricePrediction.net expects to trade between $1.50 and $1.80.
• Sushiswap price prediction 2025: Digital Coin Price expects it to trade between $2.26 and $2.65. Priceprediction.net on the other expects it to trade between $2.30 and $2.80.
• Sushiswap price prediction 2030: Only Digital Coin Price forecasters expect Sushiswap price to have broken above $10 in 2030. Even then, it doesn’t expect the altcoin to have recaptured its all-time high. Its optimistic price prediction for SUSHI in 2030 is $17.00.

Ways of Buying Sushiswap (SUSHI)

All the best crypto exchanges in the world have embraced more than one way of buying cryptos on their platform. Below, we look at the three most common. We explore their merits and biggest drawbacks.

How to Buy Sushiswap with PayPal and eWallets

You cannot buy Sushiswap directly on the PayPal website. Only top cryptos like Bitcoin, Bitcoin Cash, Ethereum., Litecoin, and PayPal USD are available on the platform. A number of popular crypto trading platforms will, however, let you buy Sushiswap with PayPal. However, you first need to make a PayPal deposit to these platforms.

The upsides to buying SUSHI with PayPal include the fact that the trade is processed instantly. Further PayPal maintains competitive cash transfer fees. Most exchanges, on the other hand, won’t even charge deposit processing fees. On the flip side, though, PayPal has a relatively low maximum daily transaction limit – at $60,000.

How to Buy Sushiswap with Credit Cards and Debit Cards

Credit cards and debit cards are one of the most common ways of paying for goods and services online. This explains why they are one of the most common deposit methods on top crypto exchanges. Some will even let you buy Sushiswap instantly with debit cards and credit cards. Like PayPal and other eWallets, cards are preferred because the deposit is processed near-instantly.

Further, the best crypto trading platforms do not maintain a deposit processing fee for inbound card transfers. Most card providers also maintain competitive cash transfer charges. The downside to using cards, however, is they too have relatively low daily transaction maximums.

How to Buy Sushiswap with Bank Deposit

Bank is the most accessible payment method available globally. Virtually all the best altcoin exchanges, therefore, process bank deposits. Most do not even charge a deposit processing fee. Some will even let you buy crypto instantly with bank deposits and fee-free – but on their integrated peer-to-peer trading platforms. Most exchanges don’t even have maximum daily deposit limits for bank transfers.

The downsides to buying crypto with bank deposits, on the flip side, include higher minimum deposit limits. eToro, for instance, has a $10 deposit minimum for PayPal and cards and $500 for bank deposits. Banks also tend to charge higher transaction processing fees. Not forgetting that they often take days before the deposit is reflected in your trading account.

How to Buy Sushiswap (SUSHI) 2024 – Step-by-Step Beginners Guide

In this section, we walk you through the process of buying Sushiswap in 2024. We have already mentioned that the process is quick and straightforward.

Step 1: Create a free crypto trader account

On your browser, open the official eToro.com website. Alternatively, download the eToro crypto trading app. On either platform, hit the ‘Join Now’ button and complete the registration form that appears. The SEC-regulated crypto broker will ask for details such as your name and address, country of residence and phone number, income source, and trading experience. You will also need to come up with a unique username and strong password for this account.

Step 2: Verify your identity

The registration process on eToro is only considered complete after you have verified your identity. Simply submit a photo of your government-issued identification document. This may be a passport or driver’s license. You will receive an email notification informing you of account approval within 24 hours.

Step 3: Deposit Funds

Log into the just-approved crypto trader account and hit the “Deposit Funds” icon on the user dashboard. A trading tab will pop up, indicating all the payment options available to you based on your country of residence. These include cards, bank deposits, PayPal, and other eWallets like Skrill. Click on either of these and follow the prompts to transfer at least $10 into eToro.

Step 4: Search for Sushiswap

On the user dashboard, click on the “Discover” icon. This will show you all the financial instruments that are tradable on eToro. Choose ‘Crypto’ and select “Sushiswap” from the list of supported digital assets.

Step 5: Buy Sushiswap

Hit the “BUY” option against Sushiswap, and a trading tab will pop up. Customize this trade by indicating how much you intend to invest in Sushiswap. Hit the “Open Trade” button to confirm this purchase.

Cryptoassets are a highly volatile unregulated investment product. No EU investor protection.

Step 6: Download and set up the eToro Money Mobile wallet app

Note that the private keys for the SUSHI tokens you just bought will be deposited to the exchange-provided web wallet. But this wallet doesn’t support in- or out-bound crypto transfers to any other wallets other than the eToro Money wallet app. Therefore, if you wish to transfer these funds to a third-party wallet or exchange, you first need to move them to eToro Money.

Start by downloading the free mobile wallet app for iOS or Android. Use the credentials created in Step 1 above to log in. Link the wallet app to the trading account and move the crypto from the trading app to the wallet app. Note that you will be charged a 0.5% crypto transfer fee (capped at $50). From here, you can send the SUSHI tokens to any third-party wallet or exchange.

How to Sell Sushiswap (SUSHI)

The process of selling Sushiswap at eToro is equally straightforward. Here is the step-by-step guide for selling SUSHI tokens on eToro today.

• Step 1: Log back into the eToro trading account.
• Step 2: Hit the “Portfolio” icon on your user dashboard to reveal all your open crypto trades.
• Step 3: Choose “SUSHI” and choose the “Close” trade option.
• Step 4: Indicate whether you want to sell a portion of SUSHI tokens or the entire position and hit “close” to execute.

Note: The cash equivalent of the Sushiswap tokens you just sold will be immediately deposited into your account. Use it to buy more crypto or simply withdraw it.

Best Sushiswap (SUSHI) Wallets

One of the factors you need to pay the highest consideration to before buying cryptos is the safety of your digital assets. It starts with deciding where to store your SUSHI cryptos after you have purchased them. Below, we look at the three primary types of wallets and explore their merits and downsides.

Web Wallets

Web wallets refer to an online platform that provides crypto storage services. Examples of web wallets are exchange-based wallets given to traders by crypto exchanges. It could also refer to third-party wallets offered by storage-as-a-service business entities. The entity holds the cryptos on your behalf and keeps them safe in an online server. You, on the other hand, have login credentials that you can use to view balances and initiate in- or outbound transfers.

One of the upsides of using a web wallet is its convenience. It allows for seamless sending and receiving of crypto assets. Most crypto storage service providers also promise to insure your digital assets. Plus, most web wallets are free. On the flipside though, web wallets are exposed to such risks as hacking, malware, ransomware, and even misappropriation.

Software wallets

Software wallets refer to special computer programs or smartphone apps designed to hold and keep cryptos safe. These give you absolute control and access to your cryptos. They simply encrypt the private keys for your digital assets and store them in the root storage of your phone or computer. The upsides to using software wallets are that most are free and highly convenient.

Like web wallets, however, they too expose your digital assets to multiple risks. These include malware and ransomware attacks. The fact that phones and computers are exposed to the internet also exposes you to the risk of hacks.

Hardware wallets

Hardware wallets are physical devices, specially designed to hold and keep your cryptos safe. These are your best bet if you are looking for the safest crypto wallet. Their safety guarantee is provided by the fact that they hold your private keys offline – away from hackers and other cyber threats. In fact, we always advise our readers to invest in a safe and reliable hardware wallet. Our top recommendations for hardware wallets are Trezor, Ledger, and Keepkey.

Note, however, that hardware wallets aren’t free. They also aren’t as convenient to use because the process of moving cryptos in and out of hardware wallets isn’t as easy as that of hot wallets. Therefore, these aren’t the best for active traders dealing with small crypto amounts. They are best suited for medium-term investors and long-term HODLers.

Conclusion – Where to Buy Sushiswap (SUSHI)

Sushiswap is a fairly popular digital currency that is listed with all the top crypto exchanges. Therefore, there isn’t a shortage of the best places to buy SUSHI tokens online. In the above guide, we have not only told you where to buy cryptos but also its past and expected price action. We also discussed the top reasons to invest in Sushiswap today and looked at the best crypto wallets.

Want to jump straight to buying Sushiswap while it trades at a discounted price? Follow the step-by-step crypto buying guide that we have outlined hereinabove.

Reviewed and Fact Checked by Kamal Masri, Crypto Writer and Investment Analyst.

References:

• https://www.sushi.com/
• https://coinmarketcap.com/rankings/exchanges/
• https://www.sushi.com/blog/sushixswap-v2
• https://www.coindesk.com/tech/2020/09/09/sushiswap-will-withdraw-up-to-830m-from-uniswap-today-why-it-matters-for-defi/
• https://decrypt.co/41547/sushiswap-chef-nomi-gives-back-14-million-ethereum
• https://www.ft.com/content/24d153b0-0c28-4946-acbe-2e93329bca52
• https://cointelegraph.com/news/with-rebrand-on-the-horizon-sushiswap-receives-sushi-com-domain-name-gift
• https://www.paypal.com/us/digital-wallet/manage-money/crypto#:~:text=Use%20the%20app%20to%20buy,%2C%20PayPal%20USD%20(PYUSD).
• https://decrypt.co/114061/solana-founders-rally-supporters-sol-falls-amid-ftx-collapse
• https://www.sec.gov/news/statement/gensler-statement-spot-bitcoin-011023
• https://www.cnbc.com/2023/12/04/bitcoin-price-at-100000-in-2024-crypto-execs-say-bull-run-has-begun.html