Sei Network is a layer-1 blockchain that is specialized in trading applications, such as decentralized exchanges (DEXs), DeFi, NFTs, and GameFi. It claims to be the fastest blockchain in existence, with a novel consensus mechanism and technical breakthroughs. Sei Network has an open-source and flexible design and supports a variety of programming languages.
Sei Network aims to become the number one decentralized exchange chain for trading by delivering a fast blockchain optimized for decentralized exchanges. Currently, DEX blockchains are slow and more expensive than centralized exchanges because they use Automated Market Makers (AMM's) and smart contracts, rather than a centralized order book. Sei Network's solution includes a fast consensus mechanism called Twin Turbo, transaction finality of 600 ms, cross-chain operability, and frequent batch auctions.
Bitvavo makes it as easy as possible to buy digital assets and cryptocurrencies.
1. Sign Up
Create a free account with which you can buy, sell, send, receive and store Sei. Access your Bitvavo account from every location, on mobile and desktop.
2. Transfer Funds
Verify your account and transfer Euros to your Bitvavo wallet using one of the 8 supported payment methods.
3. Buy and Trade
Buy or sell over 150 digital assets and pay a maximum trading fee of 0.25%. Store your assets in your Bitvavo wallet or send them to your external wallet.
Storing Sei and other digital assets requires a wallet, but don’t worry: Bitvavo’s hosted wallet allows you to store Sei without any technical knowledge. Here is a brief overview of the existing wallet options to store your Sei:
Hosted Wallet
Hosted wallets are wallets where the private keys to your Sei are managed by a third party such as Bitvavo. Access to your account is protected by a password and other advanced security features. Once you are logged in, you can easily and conveniently manage your Sei online. Bitvavo offers standard hosted wallets for all digital assets that are offered on the platform.
Software wallet
A software wallet is a program installed on your computer or other device in order to use and manage your Sei. Using a software wallet gives you full control over your private keys, so you are not dependent on third parties. The risk is that you alone are in charge of the security of your Sei, and if malicious parties have access to your device, your private keys (and therefore your Sei) can be stolen.
Hardware wallet
A hardware wallet is a physical device on which you can store your Sei offline. It is one of the safest ways to store your Sei, because the private keys are stored on a separate and offline device. Access to this device is often protected by a password. In many ways, a hardware wallet can be compared to a safe in which your Sei is stored.
You can use Bitvavo's hosted wallet to easily store, send and receive Sei. Once you have purchased Sei on Bitvavo, you can choose to send your Sei from your Bitvavo wallet to your own software or hardware wallet.
