Sei is a Layer 1 blockchain dedicated to specialized areas for transactions, optimizing and benefiting exchanges within the network to provide the best user experience.
Moreover, the project has announced that it will reserve 1% of the tokens for users who join and experience the Sei network testnet. Currently, Coin98 Wallet supports creating and importing Sei testnet wallets to interact with this network, under the condition that you have a Sei wallet. This article will provide a detailed guide on how to create a Sei wallet.
What is Sei Wallet?
A Sei wallet is where SEI tokens are stored on the Sei blockchain. You can send and receive SEI, as well as participate in the testnet version of this blockchain. The wallet is owned by its user and no other party has access to it.
What does a Sei wallet include?
A Sei wallet has 3 crucial information you must note down:
- Wallet address: A sequence of numbers and characters used to send & receive assets to the Sei wallet. Users can transfer coins to each other through the wallet address. Example of a Sei wallet address: sei1pweq2c9z0496w9rhwz3qknt87s72jhz3qvdh87
- Passphrase: A security key, or a type of password consisting of 12 random English keywords. You must have the wallets’ Passphrases to restore them. Example of a Passphrase: very siren gauge original burger toast wheel simple reason crash often vessel.
- Private Key: Private Key is a string of letters and numbers, similar to a bank account's password. Example of a Private Key: 2b4ced1c0ed189c2a4bcc8015018efda1d44096a208e4c2a7e01b45e02882a65
After creating a wallet, you will receive its wallet address, passphrase and private key similar to the examples above.
To visualize, you can imagine that the Sei wallet is a bank account, the wallet address is the account number and the passphrase is the password.
The difference here is that with a bank account, other people will know your personal information. As for the Sei wallet, users become anonymous, no one knows who owns the wallet, and transactions only occur through the address encoded into a sequence of numbers and characters.
How to create Sei Wallets on Mobile devices
Install the Coin98 Super App
The Coin98 Super App is available for both iOS and Android users:
- iOS: ios.coin98.com
- Android: android.coin98.com
After downloading the app, open the Coin98 Super App and select the language you want to use before directly accessing the wallet interface.
In the main interface, you can create a new wallet or restore an existing wallet from other wallets to the Coin98 Super App.
Activate the Sei blockchain
Step 1: Open the application, click More → Active Blockchain.
Step 2: Choose the Sei testnet blockchain and click Confirm.
Create a Sei wallet
Step 1: Open the Coin98 Super App, then click Manage on the homescreen.
Step 2: Click Add Wallet, then choose the Sei (SEI) icon, or the Multi-chain option to own wallets on different blockchains with only one Passphrase (recommended). Click Create.
Step 3: Name the wallet (something you can easily remember or is convenient for later use). Click Next.
Step 4: Back up the Passphrase in a safe place.
Note: These are CRUCIAL information that directly affects control over your assets.
- Copy and paste the Passphrase into the confirmation box.
- Tick the Backup your recovery key box and click on the copy icon to confirm that you have saved your Passphrase/Private key. Keep the key in a safe place and do not disclose it to anyone, otherwise, your account is at risk of being stolen.
- Tick the two remaining boxes to confirm that you understand the risks if you lose your Passphrase.
Click Create Wallet.
Once finished, you can go to Manage → Manage All Wallets to check the newly created Sei wallet.
How to create Sei Wallets on Desktop
Install the Coin98 Extension Wallet
Go to chrome.coin98.com to install the Coin98 Extension Wallet.
The detailed instructions on installing and using the Coin98 Extension Wallet can be found in this article.
Create a Sei wallet
Step 1: Open the Coin98 Extension Wallet and insert your password. Click the hamburger icon on the homescreen, then click the wallet icon.
Step 2: Choose the Sei logo → Create Wallet.
Step 3: Name the wallet and click Next.
Step 4: Copy and back up the Passphrase and Private Key in a safe place (these are crucial pieces of information that directly affect control over your assets). Fill in the required information, then click Create Wallet.
How to use Sei Wallets
Use the Faucet to get SEI testnet tokens
To get SEI testnet tokens, follow these steps:
Step 1: At the Coin98 Super App home screen, click More → Faucet.
Step 2: Click the Sei network icon. The system will require logging in to Discord.
Step 3: After logging in, you’ll be redirected to the devnet-faucet channel in Sei’s Discord server. Insert the following commands:
- “faucet!ust2 Sei wallet address” to get UST2 testnet tokens.
- “Faucet!ETH wallet address” to get aUSDC testnet tokens on the Ethereum testnet blockchain.
Receive tokens
Receiving tokens is similar on the mobile and desktop versions, therefore, you can follow these steps for both.
Step 1: Click the Sei wallet on the home screen.
Step 2: Click Receive.
Step 3: Copy the wallet address or use the QR code, then send tokens to this address.
Send tokens
Receiving tokens is similar on the mobile and desktop versions, therefore, you can follow these steps for both.
Step 1: Click the Sei wallet on the home screen.
Step 2: Click Send.
Step 3: Choose the token and insert the amount, as well as the recipient’s wallet address. Adjust the Gas slider as preferred, then slide the Send bar to confirm.
You can also click Send on the home screen, then choose the wallet that contains the token you want to send.
Note: The gas fee on the Sei blockchain is paid with SEI, nearly 0.001 SEI per transaction.
FAQ when using the Sei Wallet
Is it safe to store SEI in the Sei wallet?
Coin98 Wallet is a non-custodial wallet, meaning you have full control over your assets. No one can access your wallet except yourself, unless you disclose the passphrase/private key to others.
Is it possible to create multiple Sei wallets?
Absolutely! You can create as many Sei wallets as you like. Each wallet will have a different address and passphrase, so remember to back them all up. It is also recommended to name them accordingly for easy management.
Can Sei wallets store other coins?
Sei wallets can store SEI on the Sei blockchain platform. Otherwise, do not transfer coins from other blockchains into Sei wallets as you might lose your assets forever. Specifically, the Sei blockchain is in the testnet version, so sending tokens to the wrong chain may result in higher risks of losing them.
Summary
Using the Sei wallet to experience its testnet version not only provides a general understanding of this blockchain, but also helps you earn from their airdrop program.
