# Smart Account

A smart account (also known as a smart contract account or smart contract wallet) leverages the programmability of smart contracts to extend its functionality and improve its security in comparison with externally-owned accounts (EOA). Examples for 'traditional' EOA accounts are Metamask wallets.

Features that smart accounts offer are:

* Multi-signature scheme
* Automated transactions via Session Keys
* Transaction batching
* Account recovery
* Gasless transactions via Paymaster

On top of that, smart accounts gives you **complete self custody over your funds**. There is no risk of a bank giving you a hassle for running a crypto business and the smart contract that is deployed is completely trustless and in your control. Coinrule uses one of the most secure and battle-tested implementations of a smart account: [Safe](https://safe.global/).&#x20;

Here's an overview, comparing Coinrule's Smart Account to other digital asset storage solutions:\\

<table><thead><tr><th width="188"></th><th data-type="rating" data-max="5">Coinrule Smart Account</th><th data-type="rating" data-max="5">Software wallet (EOA)</th><th data-type="rating" data-max="5">Hardware wallet</th><th data-type="rating" data-max="5">Centralized Exchange</th></tr></thead><tbody><tr><td><strong>Self-Custody</strong></td><td>5</td><td>5</td><td>5</td><td>0</td></tr><tr><td><strong>Multi-Signature</strong></td><td>5</td><td>0</td><td>null</td><td>0</td></tr><tr><td><strong>DeFi integrations</strong></td><td>4</td><td>5</td><td>1</td><td>0</td></tr><tr><td><strong>Privacy</strong></td><td>5</td><td>5</td><td>5</td><td>0</td></tr><tr><td><strong>Formally verified</strong></td><td>5</td><td>1</td><td>1</td><td>0</td></tr></tbody></table>

*Note: This provides a general overview and may vary between wallet providers.*
