1Password is a popular password manager that lets you securely store and easily manage your passwords. It recently added a feature that allows you to share passwords via a link.
1Password also has another important feature that allows you to share 1Password documents and files with other people whether or not they have a 1Password account.
Similarly, you can now store and share your crypto credentials on 1Password. We’ll show you how to store your crypto credentials on 1Password, why you might want to, and whether it’s a good idea to store your crypto details thus.
Storing Your Phantom Wallet Crypto Credentials on 1Password
Prior to this update, you could store crypto credentials on 1Password. However, it required you to manually create a Vault that you can rename and store your crypto credentials. You’ll see how to do this in the next section.
However, you can now automatically store your Phantom wallet details in 1Password. To do this, you’ll need an active 1Password account, the 1Password extension, and a Phantom wallet.
Here’s how you store your crypto credentials in 1Password.
- Sign in to the 1Password extension.
- Create a new Phantom wallet.
- When prompted for a password, open the 1Password extension, click Settings next to “+New Item”, then click on Password Generator.
- Toggle on the Use as default for suggestions switch.
- Then click Autofill or Copy to use the password.
- This will generate your secret recovery phrase and a prompt to save all your wallet details in 1Password. Save it.
Your encryption keys will be stored inside 1Password. This includes your:
- Phantom wallet password.
- Phantom wallet address.
- Secret recovery phrase.
Henceforth, when next you log in to your Phantom wallet, 1Password will autofill your password.
How to Store Other Crypto Credentials and Wallets in 1Password
Here’s how to go about storing your other crypto credentials on 1Password.
- Sign in to your 1Password account.
- Click on the +New Vault button to your right.
- On the “Create a new vault” form, click on Custom.
- Enter a Vault Name, e.g., Metamask.
- When done, click Create Vault. Your newly created Vault will be listed under Vaults along with your existing Vaults.
- You can view the Vault, import data, or delete it by clicking the appropriate buttons.
- To share your saved crypto credentials, click on Share Vault, enter the recipient’s email and click Share.
- Click Close when done.
You can also share other digital collectibles like Secure Notes, Logins, Identities, and Credit Cards. To share files and documents:
How to Share Your Stored Crypto Credentials on 1Password
You can share crypto credentials direct from 1Password.
- Click on the Vault containing the file or document.
- Click on the Send button, then click on Share.
- This will generate a link that you can share with the recipient. Set your link-sharing preferences and click on Get Link to Share.
- Click on Copy. You can now share the link via email, SMS, chat, etc.
- When done, click Done.
Why You May Want to Store Your Crypto Credentials on 1Password
Crypto credentials like wallet addresses, recovery keys, or seed phrases are often long string and difficult to memorize or remember. Of course, this is designed to make them harder to guess or crack.
However, a time will come when you may need one of these pieces of information, say when you forget your password and need to recover your account.
Without them, it may be impossible to recover and reclaim your account, which could lead to the loss or forfeiture of all your crypto assets, as we’ve seen in several instances.
This is why you’re encouraged to back up your important crypto keys in a safe and secure place. For many, this could be a reliable password manager like 1Password. But are password managers really safe compared to a hardware crypto wallet?
Is It a Good Idea to Store Your Crypto Credentials on 1Password?
Although you’re encouraged to always store your important crypto information offline, in a safe and secure place, 1Password is making it easier to do so online, on its platform.
There are inherent risks in storing your crypto credentials online, password manager or not. Anybody could be breached at any time. Therefore, exercise extra caution if you do decide to store your crypto credentials on 1Password, or any other password manager for that matter.