The BNB Chain Multi-Sig Wallet migration to Safe Global is essential for users to secure their assets as the legacy wallet decommissions soon. This process preserves security settings and transaction history while upgrading to a supported platform compatible with BNB Smart Chain and other EVM networks.
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BNB Chain developers urge immediate migration to avoid disruptions in multi-signature wallet functionality.
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The migration maintains existing thresholds and structures for seamless transition.
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Safe Global supports over 200,000 validators, ensuring enhanced security post-migration for BNB Smart Chain users.
Discover how the BNB Chain Multi-Sig Wallet migration to Safe Global safeguards your crypto assets. Learn step-by-step instructions and benefits in this guide. Act now for uninterrupted security on BNB Smart Chain.
What is the BNB Chain Multi-Sig Wallet Migration to Safe Global?
The BNB Chain Multi-Sig Wallet migration to Safe Global involves transferring user accounts from the legacy BNB Safe Wallet, built on the Gnosis Safe protocol, to the updated Safe Global platform. This upgrade ensures continued support for BNB Smart Chain and other EVM-compatible networks while decommissioning the outdated system. Users must initiate the process promptly to maintain asset security and access advanced features.
How Does the Migration Process Work for BNB Chain Users?
The migration process for the BNB Chain Multi-Sig Wallet to Safe Global is designed to be straightforward and secure, preserving users’ existing security thresholds, ownership structures, and transaction histories. According to announcements from BNB Chain developers, the procedure begins directly within the Safe interface, where users connect one of their existing signer wallets associated with the legacy Safe Account. By importing the old configuration using the account’s name and address, users trigger the migration workflow.
During this step, the interface displays clear indicators of an unsupported base contract, such as warnings stating “Base contract is not supported” or notifications in the upper right corner reading “Safe Account was created with an unsupported base contract.” These alerts guide users to the migration tab, where they can access the transaction creation form. Screenshots shared by BNB Chain developers illustrate the confirm screen prompting users to “Update Safe Account base contract,” ensuring transparency throughout.
Execution of the migration transaction, identified as migrateL2Singleton on SafeMigration 1.4.1, may take a few minutes due to synchronization of the new base contract and nonce reflection in the interface. Post-migration, future transactions index normally, and legacy restrictions are removed, allowing full compatibility with the latest BNB Chain standards. BNB Chain developers recommend cross-verifying transaction data using tools like Safe Utils or the Transaction Decoder for added assurance.
Before finalizing, users must verify details against their connected wallet information. The first signer approves the transaction, followed by required co-signers based on the wallet’s configuration—such as a 2-of-3 setup—ensuring no migration proceeds without the necessary approvals. This multi-layered verification upholds the core principles of multi-signature security, preventing unauthorized changes.
The BNB Safe Wallet, launched in October 2023 by the Binance team, was built on the Gnosis Safe protocol, established in 2015 as an Ethereum-based solution with over 200,000 validators. It facilitated decentralized applications, including integrations like the CoW protocol, and supported chains such as Ethereum mainnet, Polygon, and BNB Smart Chain. Multi-signature setups require multiple private keys for approvals, enhancing protection against single-point failures.
Crypto expert Jung-Hua Liu, a contributor on Medium, notes that creating a Safe wallet involves connecting a Web3 wallet like MetaMask to the BNB Smart Chain (ChainID 56) with sufficient BNB for gas fees. The platform deploys a counterfactual proxy wallet via a factory contract, reserving the address until activation. BNB Chain developers discourage 1-of-1 configurations, as they undermine multi-signature benefits, emphasizing robust security for institutional and high-value holdings.
Frequently Asked Questions
What Should Users Do If They Encounter Errors During BNB Chain Multi-Sig Wallet Migration?
If errors occur during the BNB Chain Multi-Sig Wallet migration to Safe Global, first ensure all signers are connected and the wallet holds enough BNB for gas fees. Check the interface for synchronization issues, which typically resolve in minutes. Consult BNB Chain developer announcements for troubleshooting, and verify details externally with tools like Safe Utils to confirm transaction integrity without risking assets.
Why Is BNB Chain Decommissioning the Multi-Sig Wallet After Two Years?
BNB Chain is decommissioning the Multi-Sig Wallet to align with evolving standards on the Safe Global platform, which offers broader EVM compatibility and enhanced security features. After serving users since October 2023, the update ensures long-term support for BNB Smart Chain transactions. This natural evolution maintains the wallet’s role in secure, multi-party approvals across decentralized networks.
Key Takeaways
- Migrate Promptly for Security: The decommissioning of the BNB Chain Multi-Sig Wallet requires users to transfer to Safe Global to protect assets and avoid service interruptions.
- Preserve Configurations: The process retains security thresholds and histories, ensuring no loss of multi-signature setups during the upgrade.
- Verify Thoroughly: Use external tools to cross-check transactions post-migration, enabling full utilization of BNB Smart Chain’s advanced capabilities.
Conclusion
The BNB Chain Multi-Sig Wallet migration to Safe Global represents a critical upgrade for users seeking sustained security on BNB Smart Chain and EVM networks. By following the outlined steps and verifying configurations, individuals and institutions can seamlessly transition without compromising protections established through multi-signature protocols. As blockchain ecosystems advance, proactive migrations like this ensure resilience against legacy limitations, empowering users to engage confidently in decentralized finance. Stay informed on BNB Chain developments to optimize your wallet strategies moving forward.
You see several indications that you are on an unsupported contract.
a. Warning that the “Base contract is not supported”
b. You see the “This Safe Account was created with an unsupported base contract” message in the upper right corner
c. You see the “Base contract is not… pic.twitter.com/BaL12QUvyZ— BNB Chain Developers (@BNBChainDevs) November 12, 2025
