Safe is a smart contract wallet wallet supporting Ethereum and most EVM chains. A shared wallet that requires several approvals before anything moves.
What it is
A shared wallet that requires several approvals before anything moves.
| Property | Detail |
|---|---|
| Type | Smart contract wallet |
| Networks | Ethereum and most EVM chains |
| Custody | Self custody, multi signature |
| Cost | Free |
| Hardware wallet support | Yes |
What it does well
The standard for treasuries and teams, battle tested with enormous sums.
Where it falls short
Costs gas to deploy and to configure, and is overkill for a single person.
Setting it up safely
Download from the official source only
Type the URL or use a bookmark. Fake wallet extensions and fake apps are a persistent and effective attack. Check the publisher and the install count before adding any browser extension.
Create a new wallet
You will be shown a recovery phrase. This is the most important moment of the process.
Write the recovery phrase on paper
By hand, numbered, two copies in two locations. Never a photo, never a notes app, never a cloud drive, never typed into any website. See seed phrase security.
Verify the backup
The wallet asks you to re enter some words. Do it honestly rather than screenshotting, because this is your only test that the backup works.
Send a small test amount first
Five dollars. Confirm it arrives. Then send the rest.
Using it with a hardware wallet
Safe works with Ledger and other hardware wallets. You get the Safe interface while the private key stays inside the hardware device, which is the best of both.
Common questions
Is Safe overkill for one person?
What did the Bybit hack teach about multisig?
Where to go next
Set up Safe with us
Installed from the right source, seed phrase backed up correctly, hardware paired if you have one, and a test transaction completed together.