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October 3, 2026

CRYPTO·COINBEAT

Journalism for the digital-asset economy

Best Self-Custody Wallets · Rank 06 of 8

Safe review

Shared treasuries and anything requiring multiple signatures

Last verified August 14, 20264 scored axes

Score8.5

Documented, with gaps

The short answer

Safe scores 8.5 out of 10 and ranks #6 of 8 in the best self-custody wallets table, strongest on key handling (9.6) and weakest on signing clarity (7.5).

The multisig standard that secures more on-chain value than any other contract wallet, with modules, spending policies and a governance-grade audit trail. It is infrastructure for organisations, not a personal wallet.

Key facts on record

Launched
2018
Type
Smart-contract multisig
Source
Open

What the record shows

4 axes, weighted as published in the table’s methodology. Each score below is read from the fact printed under it.

Safe on signing clarity

7.5/ 35% of the score

Every proposal is displayed with decoded calldata and cannot execute until the signature threshold is met — but display is exactly what failed in February 2025, when a compromised Safe{Wallet} developer machine was used to serve tampered JavaScript that showed Bybit's signers a routine transfer while altering the transaction underneath, producing the $1.5bn theft. Investigators found no flaw in the contracts; the interface was the attack surface.

Safe on key handling

9.6/ 25% of the score

No single key controls the account; signer set, threshold and modules are configured on-chain and visible to anyone.

Safe on openness

9.4/ 20% of the score

Contracts and interface are published under open licences, and the contracts are the most audited in this table.

Safe on coverage

8.0/ 20% of the score

Deployed across the major EVM chains and usable through several interfaces, not only the official one.

Quick answers

What is Safe best for?
Shared treasuries and anything requiring multiple signatures. The multisig standard that secures more on-chain value than any other contract wallet, with modules, spending policies and a governance-grade audit trail.
Where does Safe rank among best self-custody wallets?
#6 of 8, scoring 8.5 out of 10 — documented, with gaps on our band scale.
What is the weakest part of Safe?
Signing clarity at 7.5. Every proposal is displayed with decoded calldata and cannot execute until the signature threshold is met — but display is exactly what failed in February 2025, when a compromised Safe{Wallet} developer machine was used to serve tampered JavaScript that showed Bybit's signers a routine transfer while altering the transaction underneath, producing the $1.5bn theft. Investigators found no flaw in the contracts; the interface was the attack surface.

Strengths and weaknesses

In its favour

  • Most battle-tested multisig contracts in existence
  • Modular policies, spending limits and role separation
  • Full audit trail for every proposal and signature

Against it

  • Its hosted interface was the vector for the $1.5bn Bybit theft in February 2025
  • Overkill and gas-expensive for individuals, and signer coordination is real work

The contracts are the standard

Safe secures more on-chain value than any other contract wallet, with modules, spending policies, role separation and a full audit trail for every proposal and signature. For a treasury, a DAO or any arrangement where no single person should be able to move funds, it is the default and deservedly so.

February 2025 was not a contract failure

A compromised Safe{Wallet} developer machine was used to serve tampered JavaScript that showed Bybit's signers a routine transfer while altering what they were actually approving. Roughly $1.5bn left. Investigators found no flaw in the contracts — and that is precisely the lesson: a multisig protects against a rogue signer, not against every signer being shown the same lie.

What that means in practice

Signers on a serious treasury should verify calldata on a hardware device rather than trusting the interface, and large transfers deserve an out-of-band confirmation. The threshold protects you only if the people meeting it are seeing the truth.

Not for individuals

Gas costs and signer coordination make it overkill for personal use, and the contracts are open source and deployed across major EVM chains with several usable interfaces.

What to configure first

Threshold and signer distribution, then the modules and spending limits that constrain routine transactions. A three-of-five spread across people and devices is worth more than any additional software control.

Frequently asked questions

Was Safe hacked in the Bybit incident?+

Not its contracts. A compromised developer machine was used to serve tampered JavaScript through the Safe{Wallet} interface, which displayed a routine transaction to Bybit's signers while altering the underlying transfer.

Is Safe still the best multisig?+

Its contracts remain the most audited and most widely used in crypto. The 2025 incident argues for verifying calldata on hardware devices rather than trusting any web interface, including this one.

Should an individual use Safe?+

Usually not — gas costs and signer coordination make it heavy for personal use. It is built for treasuries, DAOs and shared custody.

How Safe compares

8 services in best self-custody wallets

  1. 01RabbyEVM users who want to see what a transaction will do before signing9.2
  2. 02Sparrow WalletSerious Bitcoin holders8.9
  3. 03MetaMaskMaximum dapp compatibility8.7
  4. 04BlueWalletBitcoin and Lightning on a phone8.5
  5. 05PhantomSolana, with competent multi-chain support alongside8.5
  6. 06Safeyou are hereShared treasuries and anything requiring multiple signatures8.5
  7. 07ZerionPortfolio tracking and wallet in one8.4
  8. 08Trust WalletMobile-first users who want the widest chain list8.2