Frequently asked questions

Question 1

What is Safe Wallet?

Accepted Answer

Safe Wallet is categorized as a software wallet and hot wallet. Safe Wallet is a smart contract wallet designed for managing EVM-compatible assets, with a strong focus on multi-signature security.

Question 2

Is Safe Wallet safe & legit?

Accepted Answer

Safe Wallet has not experienced any major scandals, hacks, or criminal charges. Safe Wallet is open source and non-custodial, giving users and organizations direct control over their assets through smart contracts.

Question 3

Who created Safe Wallet?

Accepted Answer

Safe Wallet was originally developed by Gnosis in 2018 and later rebranded under the Safe ecosystem.

Question 4

Where is Safe Wallet's company based?

Accepted Answer

The team behind Safe Wallet operates under Safe, which is headquartered in Switzerland. Safe Wallet has rebranded from its earlier name Gnosis Safe.

Question 5

How does Safe Wallet work?

Accepted Answer

Safe Wallet is a smart contract wallet that allows individuals and teams to manage digital assets with advanced security controls. Users can configure multi-signature requirements, set spending policies, and interact with decentralized applications (dApps). Keys are generated and stored locally on the user’s device, with transactions approved through the Safe interface.

Question 6

When was Safe Wallet launched?

Accepted Answer

Safe Wallet was launched in July 18, 2018.

Safe Wallet

Tags

Form

Storage

Software

Custody

Source

Security

Connectivity

Recovery

Features

Strengths

Weaknesses