Safe Wallet Review

Safe (previously known as Gnosis Safe) launched in 2018 and became the go-to multi-signature wallet for DeFi protocols, DAOs, and institutions managing large crypto holdings. By 2024, it secured over $100 billion across thousands of organizations.

Unlike standard wallets, Safe uses smart contracts on Ethereum (and 15+ other EVM chains) to require a minimum number of signers before any transaction executes. A common configuration is 2-of-3, meaning two out of three designated addresses must approve each transaction.

Safe is free to deploy, though each transaction requires gas fees. The web interface (app.safe.global) allows easy management of signers and transaction queues. Mobile apps are available but primarily for approval, not full management. Modules allow advanced features like spending limits and account recovery.