Sei‘nin (SEI) Blockchain technology introduces an innovative approach that focuses on parallelization and specialized infrastructure, making it a powerful platform for a wide range of trading applications. Sei aims to provide users with a seamless and efficient experience by addressing the limitations of current Layer 1 Blockchains and offering features such as Twin-Turbo consensus and advanced parallelization. With its robust ecosystem and versatile SEI coin, Sei is set to revolutionize the trading experience on Blockchain. In this article, we will answer two frequently asked questions: What is Sei (SEI), and how can you buy Sei (SEI) with TRY?
Contents
1. What is Sei (SEI)?
2. How to Buy Sei (SEI) with TRY?
3. How to Open an Account on Binance TR?
4. How to Verify an Account on Binance TR?
5. How to Deposit TL on Binance TR?
6. How to Buy SEI Coin with TL on Binance TR?
7. What is Binance TR?
What is Sei (SEI)?
Sei is the first parallelized EVM Blockchain that combines the leading development framework of Ethereum with the high performance of Solana. It was launched on the mainnet in August 2023 and has gained recognition as the fastest Layer 1 Blockchain to date, with block finalization speed of 390 ms. Sei offers a specialized infrastructure that provides speed, scalability, and reliability, addressing the limitations faced by current Layer 1 Blockchains, especially in trading applications. Stay updated with the latest technology news on NEWSLINKER.
Sei’s protocol improvements revolve around unique features like the Twin-Turbo consensus, which enhances block propagation and transaction ordering. This mechanism significantly reduces the time validators spend waiting to receive a block, streamlining the consensus process. Sei also utilizes advanced parallelization techniques that optimize transaction and block processing, aiming to maximize efficiency. These features make Sei a robust platform suitable for various trading-related applications, including decentralized finance (DeFi), NFTs, and gaming.
The Twin-Turbo consensus is a crucial component of Sei’s architecture, providing an advanced approach to block propagation and transaction ordering. By optimizing the steps involved in the consensus process, Sei reduces the time validators spend waiting to receive and process blocks. This innovative mechanism enhances the overall performance of the Blockchain by enabling faster transaction finalization. Moreover, Sei’s ability to process transactions in parallel during both the DeliverTx and EndBlock phases significantly increases throughput and efficiency.
Sei integrates a native order-matching engine into its infrastructure, facilitating efficient and decentralized order matching for trading applications. This engine allows decentralized exchanges (DEXs) to distribute order books at the chain level, offering features like frequent batch auctions and uniform clearing prices to prevent front-running and ensure fair trading. This specialized infrastructure is designed to meet the unique requirements of trading platforms, NFT marketplaces, DeFi applications, and gaming economies, making Sei the optimal choice for these use cases.
The proposed Sei v2 upgrade in October 2023 aims to make Sei the first parallelized EVM Blockchain. This upgrade will combine the advantages of Ethereum and Solana to unveil a hyper-optimized execution layer. Significant developments in Sei v2 include backward-compatible EVM integration, optimistic parallelization, and SeiDB improvements for optimized state storage. These enhancements are designed to support higher transaction throughput, reduce latency, and improve the overall development experience on the Sei Blockchain.
The Sei ecosystem comprises various components such as DEXs, NFT marketplaces, and specialized dApps like Astroport, Compass Wallet, and Dagora NFT marketplace. These components leverage Sei’s high throughput, low latency, and built-in order-matching engine to offer a competitive trading experience. The SEI token plays a crucial role as a fundamental unit of value and utility within this ecosystem. It is used for network fees, DPoS validator staking, governance, native collateral, fee markets, and transaction fees on exchanges built on the Sei Blockchain.
How to Buy Sei (SEI) with TRY?
Binance TR is the most suitable cryptocurrency exchange for investors in Turkey who want to buy Sei (SEI). On Binance TR, you can quickly create an account and buy or sell more than 100 cryptocurrencies, including SEI. To buy Sei (SEI) with TRY on Binance TR, follow the steps below.
How to Open an Account on Binance TR?
Opening an account on Binance TR is easy. Go to trbinance.com and click on the “Create Account” button. In the first step, enter your basic information such as email address, phone number, name-surname, date of birth, nationality, and Turkish ID number.
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After entering the information accurately, verify your email/sms to confirm the details. Then proceed to the second step, identity verification (KYC).
How to Verify an Account on Binance TR?
Identity verification on Binance TR is a necessary security procedure before starting cryptocurrency trading and during account creation. You can perform the verification process on your phone or through Binance TR’s official website. Remember to have your mobile phone ready for identity verification on the website.
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On the Binance TR website, hover over the “Profile” option at the top right, click on “Identity Verification and Limits” from the drop-down menu, and then click on “Verify.” Scan the QR code that appears with your phone’s camera and continue the process on your phone. If you can’t scan the QR code, click on “Copy URL” to receive the verification address via SMS.
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After entering the address on your phone or scanning the QR code, a screen will open. Tap on the “Identity” option to continue.
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Then select the document type and continue the verification process.
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After selecting the document type, tap on “Upload Front,” take a photo of the front side of the document, and upload it. Then tap on “Upload Back,” take a photo of the back side of the document, and upload it. Ensure that the images are clear and the information is easily readable.
Next, tap on the “Selfie” option, scan your face using your phone’s front camera, and ensure your face fills the camera area as much as possible.
After completing all the steps accurately, your identity verification process will be completed shortly.
How to Deposit TL on Binance TR?
You can easily deposit TL into your Binance TR account through various banks. You can deposit TL 24/7 and make uninterrupted transactions from Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans accounts. Deposits up to 50,000 TL can be made 24/7 with FAST from other banks. Deposits over 50,000 TL from other banks are processed during EFT hours.
To deposit money into your Binance TR account, go to trbinance.com, hover over the “Wallet” option at the top left of the homepage, and click on “Deposit” from the drop-down menu.
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On the deposit page, select your bank or click on “Other Banks” if your preferred bank is not integrated with Binance TR yet.
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In this example, we will continue with Vakıfbank. When you click on the Vakıfbank option, you will see an account name and IBAN address for transfer, EFT, or FAST. Use the provided information to transfer the desired amount from your bank account to your Binance TR account.
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Once your bank completes the transfer process, the funds will automatically reflect in your Binance TR wallet.
How to Buy SEI Coin with TL on Binance TR?
After the deposit process, you can proceed to buy SEI coin with TL by clicking on the “Buy-Sell” option in the top left menu on the Binance TR website.
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On the buy-sell page, type “SEI” in the search section on the right side and click on the SEI/TRY option from the results to go to the TL to SEI purchase page.
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Now you are on the SEI trading page. In the red box, enter the price at which you want to buy SEI in the first box and the quantity of SEI you want to buy in the second box. After entering the amount, click the “Buy SEI” button to complete your purchase.
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What is Binance TR?
Binance, the world’s largest cryptocurrency exchange in terms of trading volume, launched its platform Binance TR for cryptocurrency investors in Turkey in 2020. Based in Istanbul, Binance TR can be accessed at trbinance.com.
Binance TR leverages Binance’s technology, security measures, and liquidity provided through the Binance Cloud infrastructure to offer fiat-to-crypto and crypto-to-crypto trading services. Users in Turkey can seamlessly deposit and withdraw Turkish lira (TRY) through direct bank channels and trade various cryptocurrencies with TRY trading pairs via Binance TR.
Users gain access to market-leading spot trading liquidity, a powerful matching engine, advanced security protocols, custody solutions, and risk controls supported by Binance’s core functions through Binance TR.
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Disclaimer: The information in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and risk, and should conduct their own research.
