Sei Crypto Getting Started Guide (How to Get $SEI coins, Native Wallets, NFT Marketplaces, DEX’s and Resources)

Sei has seen tremendous growth in the short time since it’s inception in August of 2023.  It’s a Cosmos based layer 1 blockchain that already has a thriving NFT community as well as a growing DeFi ecosystem.  Sei V1 has taken the crypto world by storm due to it’s amazing speed, low fees, and scalability.

Sei V2 (coming in 2024) is set to become the first parallelized EVM (Ethereum Virtual Machine) blockchain making it easy for any ETH application to deploy on Sei.  It will also be frictionless for Ethereum users to crossover to Sei as MetaMask and other ETH native tools will be supported.  In other words, it will be easy for Ethereum developers to build on Sei because they don’t have to learn a new langue.  Likewise, Ethereum users can use Sei applications without jumping through any new wallet or bridging hoops.  Those two innovations in conjunction with speed and low fees make Sei crypto a formidable layer 1 blockchain for the foreseeable future.

It’s always good to be early in crypto especially with layer 1 blockchains like Sei, Sui, Fantom, and Avalanche.  In this tutorial, we’ll show you how to jump into the Sei ecosystem and get your hands dirty.  Make sure to scroll to the bottom to watch our step-by-step video guide to getting started in Sei.

Step 1: Create a Compass Wallet for Sei

Compass is a user-friendly native Sei wallet that’s easy to install as a Chrome browser extension.  It works well with all the current SEI NFT marketplaces and DeFi applications.  Simply go to Compass Wallet on X and you’ll find the download link.

Step 2: Acquire $SEI Tokens

Now that you have a Compass wallet setup, the next step is to get some $SEI.  Simply buying $SEI on Coinbase is the easiest way to acquire the token.  However, other options to get $SEI include using the Sei 3rd Party Bridge and/or the RocketX exchange.  In terms of ease / user-experience, I would lean toward RocketX.  It make it pretty easy to convert $ETH (or many other crypto coins) for $SEI.

Step 3: Send $SEI to your Compass wallet

Once you have some $SEI crypto, send it to your Compass wallet.  If you purchased $SEI via Coinbase, do the following…  Click “Transfer” and then click “Send Crypto”.  Select Sei and then paste your Compass Wallet Receive Address in the “To” field.  Click on “Preview Send” and then send the $SEI to your Compass wallet.

Step 4: Explore the SEI Network Ecosystem

Watch our SEI crypto guide to getting started video below…

NFTs on Sei are Exploding in Grown!

Now that your Compass wallet is loaded up with $SEI, it’s time to explore the ecosystem.  If you’re interested in NFTs on Sei, the top marketplace are Pallet Exchange and MRKT.  There, you’ll find a growing selection of Sei NFT projects.   Currently, The Colony, WeBump, Seiyans, and dob are the top NFT projects on SEI.  However, new projects are minting just about every day so please do your own research before aping into any.  Dagora is another popular NFT marketplace for Sei you’ll want to check out.

Watch our video below to learn how to navigate the top Sei NFT Marketplaces and win more trades…

Watch our tutorial video below to learn how to add Sei NFT Collections to your Compass Wallet…

Watch our tutorial video below to see How to Transfer Sei NFTs to another Web3 Wallet…

Watch our tutorial video below to learn how to trade Sei NFTs OTC via SeiyanSwap…

If you’re interested in Sei DeFi, here are some of the key websites to explore…  Currently, Astroport is the top DEX (decentralized exchange) and Kame is the top aggregator on SEI but others are being built.  Soon we’ll have more Sei native DEX’s available such as Yaka Finance and Dragon Swap.  Both are promising protocols that will enhance the Sei DeFi ecosystem. A couple good options for $SEI Liquid Staking are Silo and Kryptonite.

Top meme coin projects such as $SEIYAN, $MILLI, and $POPO are building on SEI.  In regards to Sei meme coin charting tools, Coinhall and Dex Screener are the two best options.

More Sei Network Resources:

• SeiScan is the top Block Explorer for Sei.  Similar to Etherscan for Ethereum and SolScan for Solana, SeiScan is a great tool to monitor SEI transactions, block times, recent blocks and more.
• Check out this infographic by @contributedao to help you better grasp the Sei Network growth.

Watch our video tutorial below and see how easy it is to swap $SEI for $SEIYAN on Astroport…

Make sure to follow SEI on X to learn more about Sei V2 and what parallelizing the Ethereum execution environment means for the Web3 ecosystem.  Some other really good Twitter follows to learn more about the Sei Network include; @cooltime (Hosts daily SEI Twitter Spaces), @jayendra_job (co-founder Sei Labs), @jeffdfeng (co-founder), @sei_hub (news & updates).

Sei is often compared to Solana and Fantom because of it’s speed and low transaction cost.  However, the main difference is that by utilizing the EVM, Sei network gains easy access to Ethereum developers.  ETH developers gain access to Solana like speed and low transactions, without having to learn a new programming language.  In the end, it’s the users that benefit most.

The Sei founders have a clear and simple mission…. Create the best possible crypto trading experience.  Sei is definitely a blockchain to watch close in 2024 and beyond.  Now is a great time to jump in as it’s still in the early stages.  We’ll continue to update this post as new applications are launched on Sei so please check back often!

Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.