What is Sei (SEI)?
Sei blockchain introduces the SEI token, focusing on decentralized smart contract execution, with an emphasis on enhancing order book exchange infrastructure. Leveraging the Cosmos SDK, akin to projects like Injective and Celestia, Sei differentiates itself through the Twin Turbo consensus mechanism. This innovation is an iteration on the traditional Tendermint algorithm, designed to address common blockchain challenges such as speed, cost, throughput, and scalability. The network's governance structure allows token holders to participate in decision-making processes. Sei's approach aims to streamline the operational aspects of decentralized exchanges, offering a solution that prioritizes efficiency and scalability while maintaining security through its proof of stake model.
How to buy Sei (SEI)?
Here's how to buy Sei on Coinsquare
To buy Sei, simply follow these steps:
1. Sign up for a Coinsquare account and verify your identity
This is the first step to buying SEI. Verifying your identity helps us to properly connect your funds to your account.
2. Fund your account with Canadian Dollars
Funding is like putting gas into a car – it helps you get where you want to go.
3. After funding, select SEI from the list on the trade section
Coinsquare lets you trade SEI without leaving the app. You can also check the Sei price and convert SEI to CAD or USD on the platform.
4. Select a currency you’ve funded and use it to check the SEI price
In the Coinsquare app, all currencies available to trade can be found in the drop down list.
5. Buy Sei (SEI)
Congratulations! You’re now the proud owner of SEI. You can either HODL or use it to exchange SEI to CAD or any other cryptocurrency listed on Coinsquare.
Where do I keep my Sei (SEI)?
At Coinsquare, we offer customers the power of easy transactions and cold storage security. Client assets are securely stored 1 to 1 in cold storage with approved custodians, kept separate from operational funds, and never utilized for lending purposes.
All client assets are held in trust with external, licensed custodians with a combined $680M USD in insurance. Additionally, CCML maintains Vault Risk insurance beyond those of its custodians that cover risks related to the cold storage of its clients’ crypto assets. And the cash held in your account is insured against insolvency by the Canadian Investment Protection Fund (CIPF). This means that in the unlikely event that Coinsquare (CCML) becomes insolvent, CIPF will cover any shortfall of cash held in client accounts up to $1 million CAD per account.
Ready to add Sei (SEI) to your portfolio?
Create your account, fund it with spare change and get a little bit of SEI.
