Overview
Gnosis Safe is a leading non-custodial, multi-signature wallet designed for secure and collaborative management of digital assets. Built with a focus on decentralization and security, Gnosis Safe is widely used by decentralized autonomous organizations (DAOs), businesses, and teams requiring shared asset control. Its customization allows users to define specific approval thresholds, ensuring that no single party can execute transactions without group consensus. Gnosis Safe is accessible via web and mobile apps, with a browser extension for easy dApp integration.
Pros
– Best-in-class security
– Customizable approval thresholds tailored to different organizational needs
– Works across multiple blockchains
– Compatible with a wide range of DeFi protocols and decentralized applications.
– Plugins and extensions allow users to customize and expand functionality.
– Supports hardware wallets like Ledger and Trezor for added security.
Cons
– Designed primarily for teams and organizations, the multisig setup overkill for individual users managing personal funds.
– Multi-signature transactions require additional on-chain operations, increasing gas fees
– While the mobile app supports basic functions, it lacks the full capabilities of the web version.
– No built-in exchange for asset swapping.