SEI and Sei network, blockchain type, where to buy, and how to store the coin

Sei is a new blockchain designed for trading. It is built by using the Cosmos SDK, a development kit created to facilitate the building of new blockchains that can interact with other networks in the Comsos ecosystem.

Sei Labs, the SEI developer, raised $30 mln in funding, which means that investors see the immense potential of the project.

What Is Sei Network?

Sei is the first layer 1 blockchain that was developed for a specific sector - trading. The Sei decentralized app gives traders practically instant information on their trades, thus providing them with a significant advantage compared to those traders who don’t use Sei.

The Sei blockchain effectively solves such main issues of blockchain technology as scalability and interoperability. The blockchain features a comprehensive built-in order-matching engine and frequent batch auctioning and has the fastest finality compared to the chains that exist nowadays.

Where to Buy and Exchange the SEI Coin

It is not surprising that SEI, the Sei network token, is supported by all major exchanges, including Coinbase, Kraken, and LetsExchange. But if you are looking for an opportunity to buy SEI rapidly, without the fuss connected with registration and verification, LetsExchange may be the optimal choice.

On our platform, you can purchase SEI for any of 3,900+ supported coins and tokens. Our platform aggregates liquidity from multiple major liquidity providers. It allows you to buy any amount of SEI without upper limitations and delays.

You can choose between a fixed and a floating rate. By choosing a fixed rate, you ensure that you will receive the amount displayed in the You Get field of the widget when the swap is initiated. But if you want to benefit from the price fluctuations of the coins, you may opt for a floating rate. Then, your swap will be completed at the rates that are actual at the moment when the swap is processed on a blockchain.

To purchase SEI, perform these simple steps:

In the exchange widget, in the You Send field, pick the coin with which you are going to buy SEI, and indicate how many coins you are going to swap.
In the You Get field, pick SEI. The number of coins to receive will be calculated automatically.
Provide the wallet address to which you will receive SEI.
Send the deposit in the coin you’ve picked in the You Send field to the wallet address provided by LetsExchange, and wait till the swap is completed. After that, you can download a receipt with all the swap details.

How and Where to Store SEI

SEI is listed on all major exchanges and is traded actively. Thus, the majority of multi-coin wallets support the coin.

Among the best wallets, we can recommend the following.

TrustWallet

A non-custodial wallet developed by Binance supports the majority of coins and tokens, including SEI. TrustWallet allows you to access dApps without leaving the safe TrustWallet environment.

The wallet allows staking, with the rewards received directly to the wallet.

Trezor

Trezor is a hardware crypto wallet. It is safe, supports the majority of existing coins and tokens, and is easy to use.

Trezor doesn’t support such options as staking, accessing dApps, and other Web3 functionalities. So, users looking for it may check another option.

MetaMask

MetaMask is one of the most popular wallets among those who constantly use the Web3 and DeFi benefits. Indeed, it would be illogical for MetaMask not to support SEI, a coin that powers one of the most innovative protocols that enables fast and reliable DeFi operations.

Conclusion

Sei definitely has a bright future, as it helps to optimize the operation of the DeFi sector by providing it with flexibility, scalability, and speed never seen before. The coin is available for purchase on LetsExchange without upper limitations at the best rates.