Gnosis Safe
Pros of Gnosis Safe
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Multi-signature security: Requires approvals from multiple trusted parties before executing transactions, ideal for DAOs, teams, and high-value asset holders.
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Self-custody: Users maintain full control of their assets; no third-party access to private keys.
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Modular architecture: Highly customizable with apps, extensions, and automation logic via Safe Apps.
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Support for major EVM chains: Available on Ethereum, Gnosis Chain, Polygon, Arbitrum, Optimism, and others.
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DAO and treasury management: Widely used by Web3 organizations for secure, transparent multi-party fund management.
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Audited and battle-tested: Gnosis Safe smart contracts have undergone extensive security reviews and are trusted by major crypto entities.
Cons of Gnosis Safe
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Not beginner-friendly: Setup and usage require understanding of multi-sig wallets, gas fees, and wallet permissions.
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No direct fiat ramps: Lacks native support for fiat deposits or withdrawals.
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Manual transaction approvals: Every action requires confirmation from designated signers, which may slow down execution.
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No mobile-first experience: While a mobile app exists, core functionality is primarily desktop/web-based.
Conclusion:
Gnosis Safe is one of the most secure and trusted smart contract wallets for managing crypto assets with multiple signers. It’s ideal for teams and power users seeking high control and customizability, though not suitable for casual or first-time users.
| Name | Value |
|---|---|
| Wallet Name and Brand | Trusted multi-sig wallet used by DAOs |
| Type of Crypto Wallet | Multi-sig smart contract wallet; available on mobile & web |
| Supported Crypto Assets | Supports all ERC‑20 tokens & NFTs; extendable on EVM chains |
| Stablecoin Support | Yes—stablecoins on Ethereum are supported |
| Deposit Methods | Deposits via crypto transfer only (non-custodial) |
| Deposit Limits | No fixed limits; controlled by multi-sig setup and user policy |
| Transaction Limits | No limits; multi-sig policies may impose approval delays |
| Crypto-to-Fiat Conversion Method | Does not offer fiat conversion; solely crypto management |
| Size of Conversion Fee | Not applicable (no built-in conversion) |
| Transaction Fees Within the Network | Users pay only gas fees |
| Fixed Fees | No fixed fees |
| Built-in Exchange Features | Does not offer native exchange; relies on dApp integrations |
| Multi-currency Balance Support | Yes – multi-asset support for ERC‑20 tokens and NFTs |
| Web3 Service Integration | Excellent integration with dApps; widely used in DeFi |
| Staking or Lending Features | No native staking; primarily asset management |
| Referral Program | No referral program |
| Obligatory KYC Requirements | No KYC required as a non-custodial wallet |
| Verification Levels and Their Details | N/A for non-custodial multi-sig |
| KYC Processing Speed | Not applicable |
| Minimum Verification Threshold for Basic Usage | None |
| Security Measures | Multi‑sig, hardware wallet integration, audited smart contracts |
| Key Storage Model | Non‑custodial – smart contract wallet with multi‑sig control |
| Backup Features | Owners must backup their keys separately |
| Platform Transparency | Open-source contracts; community audits available |
| Asset Insurance Availability | No direct insurance provided; relies on multi‑sig security |
| Multi-signature Support | Core feature: multi‑sig smart contract wallet |
| User Interface and Usability | Complex multi‑sig interface; best for advanced users |
| Availability of Mobile App | Yes – available on iOS and Android |
| Compatibility with Mobile Operating Systems | Compatible with current mobile OS |
| Compatibility with Desktop Operating Systems | Web dashboard accessible from any desktop browser |
| Web Interface | Yes – detailed web interface for multi‑sig management |
| Support for Additional Platforms and Devices | Primarily a smart contract wallet with multi‑sig features; mobile app available |
| Transaction Speed | Multi‑sig approvals may delay actual execution but overall fast |
| Cross-chain Exchange Support | Primarily Ethereum-based; cross-chain support via external bridges |
| Transparency of Fees and Terms | No fixed fees; only network fees, all clearly provided |
| Update Frequency | Regular updates following community feedback and security audits |
| Company History and Brand Reputation | Gnosis Safe is widely used in DAO governance; high reputation |
| User Reviews and Independent Ratings | Highly rated among enterprise and DAO users; reviews note robust security |
| Customer Support Quality | Active support channels and detailed documentation |
| Geographic Availability | Global availability; used by DAOs worldwide |
| Compliance with European Regulations and Standards | Fully compliant; open-source and non‑custodial model minimizes data exposure |
| Availability for EU Residents | Widely used in the EU; popular among organizational users |
| Integration with Exchange Services and Liquidity Aggregators | Doesn’t have a native exchange; relies on external DEX connections |
| Support for Decentralized Applications (dApps) | Excellent dApp integration; built-in dApp browser for seamless access |
| Portfolio Management Tools | Detailed dashboard for multi‑sig assets; shows history and performance |
| Customization Options for Settings and Filters | Customizable multi‑sig settings and notification options |