The Gnosis Safe is a multi-signature Ethereum wallet providing users with a convenient, secure way to manage their digital assets and interact with the decentralized web.
What is a smart-contract wallet? How is this different than other wallets, e.g. Coinbase Wallet?
There are two types of accounts on Ethereum, EOAs (externally owned accounts) and smart-contracts. EOAs are controlled by a single private key. If you own the private key associated with the EOA, you have the ability to send ether and messages from the account. Smart contract accounts have their own code, and are controlled by code and implied rules. This allows us to implement more advanced and customizable features (beyond recovery phrase backups) such as daily limits, multi-factor-authentication and recovery mechanisms. In addition the Gnosis Safe supports modules that can be used to extend functionality.
Can I use Trezor or Ledger to secure my Safe?
Not yet. However, we are working on integrating various 2FA options such as hardware wallets.
Is the Gnosis Safe Authenticator (Browser Extension) compatible with the Brave browser? Firefox? Mobile browsers?
Unfortunately, the Gnosis Safe Authenticator is only compatible with Google Chrome.
Will you implement feature X?
We always appreciate feature requests from our users, so please let us know if you think something is missing.
Why do I need to pay fee to create a new Safe?
Deploying smart contracts on the Ethereum blockchain requires a network fee. As the Gnosis Safe is a smart-contract wallet, a fee is required to create a new Gnosis Safe wallet.
Why are there transaction fees?
Every transaction on Ethereum requires a network fee paid to miners. They ensure that the blockchain and all transactions are secure and irrevertible. The technical term for these transaction fees is gas or gas costs.
Can I store Bitcoin/EOS/Ripple on the Gnosis Safe?
No. The Gnosis Safe only support assets of the Ethereum blockchain which means you can store ETH and ERC-20 tokens.
What happens if I send a token that's not supported to my Safe?
Please get in touch with us. We will see what can be done about this issue.
I lost the recovery phrase for my Safe. Can Gnosis recover my funds?
Gnosis does not have access to your funds. If you still have your Gnosis Safe app installed, you can replace your recovery phrase. Unfortunately, you cannot recover your Safe if you lose your recovery phrase and your phone meaning your funds are permanently lost.
I lost my phone. What can I do?
Don’t worry, your funds are still secure. Just download the Gnosis Safe app on a new device and recover your funds using the recovery phrase. Make sure to have some spare ETH to pay for the recovery transaction fees.