Where & How to Buy SushiSwap (SUSHI) for Beginners in 2025

Use our step-by-step guide to learn how and where to buy SushiSwap on highly rated decentralized crypto exchanges.
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Updated on Nov 25, 2024
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SushiSwap coins are not easily available to buy via cryptocurrency exchanges. A lot of altcoins exist only in the peer-2-peer market (P2P), where you use a ‘decentralized crypto exchange’ to get your hands on SushiSwap.

These exchanges function similar to a physical marketplace, where people go to trade things with each other.

You can’t really ‘buy’ SushiSwap with US dollars. Altcoins like this are only traded for other cryptocurrencies, such as USDT, Ethereum, Solana, or Binance Coin, in a process that’s commonly referred to as a ‘swap’ or ‘swapping’.

This means that to purchase SushiSwap you need to first own another crypto, like USDT or Ethereum, to swap for SUSHI.

Don’t worry, it sounds complicated at first, but once you’re set up and you’ve done it a few times it’s a fairly quick process. Use the guide below to learn how to swap USDT for SUSHI.

How to buy SushiSwap in 4 steps

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To buy SushiSwap you need a smartphone or a computer and an internet connection. It can take up to an hour the first time and you should have some photo ID to hand.

For the purposes of this guide, we’ll use USDT in all our examples as it mirrors the US dollar and keeps things simple for beginners. Here’s how to do it:

Step 1. Sign up to a crypto platform

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We’ve ranked eToro as the best crypto platform to get started with. We chose this because the exchange lets you buy and withdraw USDT, Ethereum, Solana, Binance Coin, and more, which you may need for this process.

eToro has lots of other coins available and is one of the best known crypto exchanges around. Alternatively, there are several other options to select from below. Anyway, create an account and supply a copy of your photo ID for verification.

You then need to fund your account using a bank transfer, credit/debit card or method of your choice. Once funded, you can purchase the altcoin you’ll be using to swap for SUSHI later, for example, USDT.

We found 10 crypto platforms for users based in

eToro review
4.6
eToro
Min. Deposit $100
Fees 1%
No. assets 3600+
Demo account Yes

eToro review

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Coinbase review
4.2
Coinbase
Min. Deposit $10
Fees Up to 0.6%
No. assets 150+
Demo account No

Coinbase review

Uphold review
4.3
Uphold
Min. Deposit $1
Fees $0.99
No. assets 250+
Demo account Yes

Uphold review

Terms Apply. Cryptoassets are highly volatile. Your capital is at risk.


Step 2. Transfer USDT to a crypto wallet

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Once you have your USDT you will need to transfer it to a crypto wallet. There are lots of wallets to choose from but the best option is MetaMask. You can use the app on your phone, or right from your web browser using a Google Chrome extension.

When you transfer your USDT you will need your unique wallet address. Wallets are like bank accounts for cryptocurrencies, and unique addresses are like account numbers. The image below shows you where you can find your wallet address in MetaMask.

Once you have your address, head to USDT on your exchange and ‘withdraw’, following the process for withdrawal to your wallet address.

Step 3. Connect your wallet to a DEX

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To add another layer of complexity, there are quite a lot of decentralized exchanges available and they don’t all allow you to swap any altcoin.

SUSHI is only going to be available on some of them, however most altcoins are available to swap Uniswap. Head to the Uniswap home page and click the pink button in the top right corner which says ‘launch app’.

Now, in the same corner click on ‘connect wallet’ and you’ll be given a selection of wallets to choose from. Click on MetaMask and hit connect.

You will now be able to access your USDT in Uniswap.

Step 4. Swap USDT for SUSHI

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With your wallet now connected, you’re now set up and can transact anytime you wish.

Select USDT from the first drop down list. In the second drop down you need to choose SUSHI. Finally enter the amount of USDT you want to spend and the platform will show you exactly how much SUSHI coins you will be able to get. If you’re happy with the amount, execute your trade.

That’s all there is to the process! Although it seems strange at first, every crypto investor has to follow these steps at some point if they want to own upcoming altcoins.

Now you own SushiSwap tokens! Not a big deal, right?

Read more about how we rate, rank and review platforms.

Best exchanges to get started, reviewed

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As explained above, you have a selection of platforms to use as an onramp to the altcoin market. Any of the following apps are perfectly fine places to buy cryptocurrencies such as USDT, Ethereum, Solana, and Binance Coin.

We found 10 crypto platforms for users based in

1. eToro. Best for beginners, copy-trading & demo-account

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4.5
Ratings

$100

Min. deposit

0% commission

Fees

3,600

No. assets

Yes

Demo account

Overview

We love eToro because it’s a crypto trading platform built with beginners and casual traders in mind. The platform combines an interactive, social trading experience with an easy-to-use interface, making it ideal for novice traders.

The far-reaching catalog of 100 cryptocurrencies includes big names like Bitcoin and Ethereum, as well as smaller crypto tokens with high growth potential. Some supported tokens can be seamlessly transferred to the eToro Money crypto wallet for safekeeping.

One feature we particularly appreciate is the ability to interact with eToro’s 35 million users on any asset, market, or portfolio page. If you find traders whose strategies match your risk tolerance, you can copy their portfolios automatically using eToro’s flagship copy trading functionality. eToro crypto’s Smart Portfolios offer a great entry point into digital currencies, an opportunity to learn and potentially benefit from the expertise of more experienced traders.

If you don’t feel comfortable investing your cash straight away, you can use a free demo account, credited with $100,000 virtual dollars. This offers plenty of opportunities to try out a trading strategy that works for you across the 100 crypto tokens available.

Highlights

Fees & Costs

Pros & Cons

Crypto assets are unregulated & highly speculative. No consumer protection. Capital at risk.

2. Coinbase. Best secure trading platform for all types of trader

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4
Ratings

$10

Min. deposit

Up to 0.6%

Fees

200

No. assets

No

Demo account

Overview

We love Coinbase because it’s the leading public crypto platform. Coinbase offers more than 170 cryptocurrencies to trade, a secure wallet to store your coins in, and automatic staking rewards on 10+ cryptos through Coinbase Earn.

Coinbase’s user-friendly platform simplifies the buying, selling, and trading processes, making it one of the top crypto exchanges for all levels of trader. But, Coinbase isn’t just an easy to use platform, it’s one of the safest and most secure. 

A public company brings transparency and renown, so you can trust that any money on Coinbase is safe and you’re sharing the platform with over 100 million other users. It stores 98% of customer assets offline in cold storage, minimizing the risk of theft. There is also insurance on all cash balances up to $250,000

The fees: Trading fees start from 0.6% but reduce the higher your trading volume. Bank transfer deposits and withdrawals are free, other payment methods may be charged. There is no fee for wallet-to-wallet crypto transactions but you will have to pay blockchain fees. Coinbase charges a 25% fee for its staking services.

Highlights

Fees & Costs

Pros & Cons

3. Uphold. Best for building long term wealth

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4
Ratings

$1

Min. deposit

$0

Fees

300

No. assets

Yes

Demo account

Overview

We love Uphold because it’s a regulated and transparent digital asset platform. Uphold is an excellent platform for discovering important new tokens early, making it ideal for investors looking to get in on the ground floor of emerging cryptocurrencies. 

Uphold offers a broad selection of coins, with over 250 tokens available catering to both seasoned and novice crypto traders. The platform regularly adds new assets allowing users to invest in promising projects before they gain mainstream attention. 

Uphold isn’t just a platform for investing early. One of the main advantages of using Uphold is its transparent and competitive fee structure. The platform does not charge for deposits or withdrawals, and trading fees are clearly stated. You can also trade between different asset classes including fiat currencies. 

The fees: Crypto spreads start from 0.9% and are usually lower than 1.3% for BTC and ETH. Other cryptocurrency spreads are higher. Average spreads on fiat currency are 0.2%. There is a $0.99 fee for transactions under $100 made with the Uphold card.

Highlights

Fees & Costs

Pros & Cons

Terms Apply. Cryptoassets are highly volatile. Your capital is at risk.

4. Paybis. Best crypto platform for choice of payment methods

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Paybis_logo
4
Ratings

$4

Min. deposit

Variable

Fees

90

No. assets

No

Demo account

Overview

We love Paybis because it is one of the simplest crypto platforms to use, making it ideal for both beginners and experienced traders. The intuitive interface makes the process of buying and selling cryptocurrencies smooth, fast, and hassle-free. 

Paybis offers a good selection of coins to buy and sell including popular options like Bitcoin and Ethereum, as well as many altcoins. With such a wide range of tokens, you’ll be able to diversify your portfolio and take advantage of market opportunities very quickly. 

One of the best features of Paybis is its selection of payment options. Not only can you buy Bitcoin with a credit or debit card using USD, but you can also choose from several payment apps and digital wallets. 

The fees: How much you will pay will depend on the payment option you use. Paybis provides detailed information on the types of fees applied. You can expect competitive rates, with clear outlines of transaction and network fees, before buying or selling.

Highlights

Fees & Costs

Pros & Cons

5. OKX. Best for futures and margin trading

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4
Ratings

$-

Min. deposit

Fees

No. assets

No

Demo account

Overview

We love OKX because it’s an adaptable and flexible exchange, with an app that’s available in three different versions depending on how you trade. Choose from the beginner-friendly Lite version, Web3 option for NFT traders, or the Pro version for a plethora of trading tools. 

From an app or desktop you can trade 350+ crypto coins on one of the world’s top crypto exchanges. You can fund your account easily, through a variety of simple payment methods, and a sliding scale of fees that means you can access discounts by holding the OKB token or trading high volumes.

The fees: Regular users pay a 0.1% fee on spot crypto trades. OKB crypto holders are entitled to a discount, up to 0.02% off for holding more than 2,000 coins. High volume traders are also entitled to a discount, with the cheapest fees available for traders with a 30 day trading volume above $10,000,000,000.

Highlights

Pros & Cons

How to trade SUSHI

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You can trade SushiSwap on a decentralized cryptocurrency exchange using a few simple steps. Here’s a quick example that clearly lays out how SUSHI crypto trading works:

  1. Monitor the price: For simplicity, let’s say the price of SUSHI/USDT is $1. You read the price charts and decide that now is a good time to start purchasing SUSHI.
  2. Open a trade: You trade one USDT for one SUSHI ($1 USD for 1 SUSHI).
  3. Continue to monitor the price: The following month, one SUSHI token is now worth $2, a 100% increase.
  4. Close your trade: You trade your SUSHI token back to USDT for $2.

In this example, you buy and sell SushiSwap, doubling your money (trading). While the steps are simple, executing them in a profitable way is not so easy. You need to spend countless hours learning to trade, reading charts, technical patterns, and understanding markets and margin trading; which you can do right here on Invezz.com.

What is the best way to pay for SushiSwap (SUSHI)?

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Because you can’t buy SushiSwap using fiat currencies like US dollars, the simplest way to buy SushiSwap cryptocurrency is by swapping an altcoin for it. Here are some of the top ways to pay for altcoins:

  • Buy altcoins with a credit card or debit card. Card payments are convenient and instantaneous but you may have to pay a higher fee to make a deposit this way. Binance charges 1.8% for a card deposit and some platforms charge as much as 4%.
  • Buy altcoins with bank transfer. A bank transfer is usually the cheapest way to buy crypto. Crypto platforms like Crypto.com and Coinbase do not charge for bank transfer deposits, while Binance only charges a $1 fee, and these transactions are more or less instant as they run through the Automated Clearing House (ACH) in the US, Faster Payments System (FPS) in the UK, or Single Euro Payments Area (SEPA) in Europe.
  • Alternative payment methods. Crypto brokers often let you pay with other providers or money transfer services, like Neteller, Venmo, or Payoneer. The options vary by broker, though, so check what’s accepted before you sign up.

How do I store SushiSwap (SUSHI)?

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You can keep your SushiSwap stored perfectly safely on MetaMask. If you’ve followed this guide, you won’t need to set up anything additionally as you’ll already have your coins in the MetaMask wallet.

Is now a good time to buy SushiSwap?

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The answer depends on the current price and your own investment goals. Put simply, buying SushiSwap, selling SushiSwap, and trading SUSHI are all the exact same process in literal terms. It’s really just your personal investing intentions that defines whether ‘now’ is a good time to invest or not.

  • If you’re a trader: as a cryptocurrency trader, your goal is to make money trading regularly. What do we mean by regularly? Hourly, daily, weekly. Traders buy and sell a coin quickly to secure their profit (or to avoid a loss). They don’t #HODL a coin long term in the hopes of larger profits. In this sense, any time is a good time to trade SushiSwap.
  • As a long-term investor: a long term investor is not concerned if the price is up or down 10% on any given day. Rather, they care that the price of the native token is overall up months or years later, when they’re ready to sell that investment. So if you’re a firm believer in the foundations of SUSHI, then a good time to purchase SushiSwap is on any major dip.

In our experience, most newcomers to the crypto market sit between the two. You don’t want to wait several years for a return, but buying SushiSwap and selling it the next day probably isn’t why you’re here either.

How has SushiSwap (SUSHI) performed this year?

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The current SushiSwap price today is $0.51, which is -97.82% versus its all time high of $23.38, which it reached on 13 March 2021. SUSHI is -67.75% this year, with a 52 week high of $2.80 and a 52 week low of $0.45. 

Regardless, closely following SushiSwap price news & analysis will help you decide when to pull the trigger.


Sources & references

James Knight

James Knight

Editor of Education

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James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets. His main focus is on improving financial literacy among casual investors. He has been with Invezz since the start of 2021 and has been...