Lost and stolen cryptocurrency can cost investors millions of dollars, and unlike a credit or bank card, losing access to your digital wallet can cost you everything you’ve put into it. The process to recover your wallet requires a passphrase that you only see at time of first setup. To help more investors easily and securely join the crypto revolution, 1Password and Phantom, the fastest growing crypto wallet, have teamed up to make it easy to securely access cryptocurrencies, digital assets, NFTs and more built on the Solana blockchain.

1Password, the leader in human-centric security, will integrate its “Save in 1Password” API with Phantom. Instead of managing cumbersome login procedures that require saving long chains of characters and word strings that must be protected without an error—and with no recourse to reset credentials if users lose access—now users can instantly save all Phantom wallet credentials and keys to 1Password. As a result, users can quickly protect and trade a range of tokens, collectibles and NFTs built on the Solana blockchain, without the login hassle or threat of losing access forever.

“Crypto innovations are reshaping the world, but for many it seems too confusing or risky to join this transformation,” said Jeff Shiner, CEO of 1Password. “Our partnership with Phantom is another example of 1Password making technology more human-centric. Together, we are simplifying management for existing investors as well as lowering the barrier to entry for those eager to safely buy and trade digital assets through a platform they know and trust.”

Many crypto users prefer to use a digital wallet that gives them full control over their access keys rather than rely on an exchange that aims to reduce complexity by managing the owner’s wallet on their behalf—but can be more susceptible to attacks. FBI data details more than 20 hacks last year where at least $10 million in digital currencies were stolen from a crypto exchange. But managing a crypto wallet comes with its own set of complications. Research has shown that investors have lost access to more than $65 billion worth of bitcoin, often due to lost keys. Cautionary tales abound of individuals going to great lengths–including hiring hackers–to recover access to their cryptocurrency, while many store critical keys on easy-to-lose paper or hard drives.

“1Password shares our commitment to help bring Web3 mainstream by making the user experience safe and easy-to-use,” said Brandon Millman, CEO of Phantom. “As the fastest-growing crypto wallet, it’s essential for us to keep the assets of our millions of users secure. Together with 1Password, we will provide an industry-leading approach to key management, so our users can focus on using their crypto wallet, instead of protecting it.”

How Save in 1Password Works for Crypto

“People should always transact securely and safely online but people also need help to understand and trust the tools they are using,” said Anatoly Yakovenko, co-founder of Solana. “This integration between 1Password and Phantom is one example of how people can more easily and quickly protect their digital assets, which should help expand in the long run blockchain usage to billions of people.”

To make use of this new integration, customers need to use both the Phantom extension available here, and the 1Password browser extension available here.

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