Anyone involved with cryptocurrencies will gradually build a long list of accounts across a multitude of sites. For security reasons, using common passwords is a risky prospect, increasing the chances that all your accounts will be compromised. Most manual processes are a time-consuming affair, so most users turn to password management tools. Aside from the obvious difficulty of remembering numerous passwords, there are other benefits to using a password manager.
Why Should You Use a Password Manager?
The best quality tools offer syncing between multiple devices. The ability to sync makes a password manager far more efficient than in the past, allowing you to switch between home, office, and mobile devices. Additionally, the tool can log into the accounts for you, saving you the effort of typing details into logging forms. While this feature might seem small, the combined time to manually log into all your accounts will add up. The very best tools will also feature encryption, ensuring your data is securely saved. So what are the best password management tools you should be considering?
Dashlane is a popular tool, offering both free and premium versions. The free version will perform most of the essential functions, but you cannot sync all your devices unless you go premium at the cost of $39.99 per year. Dashlane will create and store unlimited passwords for you while logging into accounts without prompting. If you are looking for an extra layer of security, the premium version also offers 2-factor authentication.
LastPass is an established manager, with services for personal and business use. Along with creating and storing complex passwords, LastPass can also be used to secure important notes like WiFi passwords. All basic functions are available for free, but there are also premium options for $24 per year, with additional business services available for multiple users.
KeePass is an open source option that can be downloaded to your computer. You can then transfer the database to other devices, though this doesn’t offer quite as much simplicity as syncing. As a free tool, the number of features is not as significant as the previous tools, but some users prefer the option of open source software. For most users requiring simple password creation and storage, though, KeePass is a reliable tool that performs tasks efficiently.
True Key is a password manager developed by Intel. One of the standout features of the tool is the ability to log in using face, fingerprint, or a master password. You can also include additional factors that add extra layers of security to your account. If you want to sync passwords across multiple devices, True Key offers this integration. The free version provides storage for 15 passwords, with a yearly fee of $19.99 offering unlimited passwords
1Password offers many of the same features of the top products, providing unlimited passwords, safe encryption, and syncing across devices. The tool provides a quick way to access websites, apps, and fill in payment forms for online purchases. While they do not currently offer a free version, you can get a trial of 1Password and then pay $35.88 annually.
For anyone who is involved with the cryptocurrency scene, passwords are an essential part of day-to-day operations. Security has also become a significant issue in recent times, with many large companies suffering severe hacks that compromised millions of accounts. Ensuring your passwords are unique, secure, and managed has, therefore, become essential. Password managers are the most straightforward and efficient way of storing and protecting your data, while also helping to save time and effort with account management. A password manager might not be the most glamorous tool in your arsenal, but it will quickly become something you can’t live without.