5 Best Password Managers for 2023!

Password

Nowadays, internet and web users have to use passwords to access hundreds of websites for various services. A 2017 study by LastPass found that in addition to their individual passwords, users had to memorize an average of 191 distinct passwords.

There are so many passwords and usernames to remember that it is impossible for anyone to keep track of them all. For this reason, password manager tools are designed to help you manage your passwords

In this article, you will understand what a password manager is, how a password manager works, why do you need a password manager and can password managers work on multiple devices. This articles cover top 5 password managers to be used in 2023. It discusses pros, cons, compatibility and cost of each of them in detail.

What is a Password Manager?

A password manager is a software that saves all your credentials in a secure place. It relieves you from the hassle of remembering numerous passwords or using the same password for multiple accounts.

It has a user friendly interface that allows you to start building your database of credentials. Usually, you can save a couple of details along with the passwords such as website URL, username, and notes.

Moreover, you can organize the passwords into sections or folders as per their category. For example, Work, Personal, Bank, Social Media categories help to quickly find the credentials for the corresponding account.

How Does a Password Manager Work?

The password managers do not disclose their architecture which makes it difficult for hackers to break into the password vaults. The passwords are saved in an encrypted database and can be decrypted only with your master password. As a result, there is reduced probability of anyone getting access to your passwords with malicious intent.

Why Use Password Managers?

Now, you must be thinking, ‘Do I need a password manager?’ . Well, here’s a list of reasons that can help you decide if you really need one or not.

Remember Only Master Password

You are no longer required to remember every password. With password managers,  you need the master password only to open your vault.

Use Strong Auto-generated Passwords

Password managers suggests new strong passwords when you create a new account on any platform. The suggested passwords meet the criteria of a strong password. The suggested passwords are strong with a combination of alphanumeric, special characters, upper case and lower case letters. This saves you the hassle of thinking of a new password every time you want to open an account.

Extra Layer of Security 

Password managers provide your accounts with an extra layer of security. By using a unique strong password for each account, you are effectively securing each and every account separately. Hence, if a hacker gains access to one of your accounts, it does not mean that they can access all other accounts as well.

Access from Anywhere , Any Device

If you choose a cloud-based password manager, you can access your password vault from any where and on any device. This gives you the freedom of working on different devices and different browsers. You can work on a work laptop, personal laptop, and personal mobile phone by easily accessing all your credentials.

Top 5 Password Managers of 2023 

Let’s take a look at top 5 Password Managers of 2023 and find out which one suits your needs the best.

1Password – Password Manager for Families, Businesses and Enterprise

1Password boasts over 15 million users worldwide that memorize only one password with this feature-rich password manager. All other passwords are protected in 1Password that can be accessed using account password.

1Password is the perfect password manager you are looking for. With 1Password, you will get unlimited passwords, 1GB of secure document storage, autofill passwords and sensitive information, two-factor authentication, restoration of deleted passwords and 24/7 email support.

You can download 1Password for free and enjoy a 14-day trial period to fully explore its features.

1Password password manager
1Password password manager

Pros

1Password has several Pros. The following list covers only a few strengths:

  • Digital Wallet: Store your banking information, PayPal logins, credit card and debit card credentials in the digital wallet.
  • Share Password Vault: You can easily share your password vault with your family members and colleagues, as needed.
  • 1Password WatchTower scans the web page as you browse internet and alarm its an unsecured webpage. Further, it checks for password breaches, compromised, duplicate and weak passwords.
  • Travel Mode is another distinct feature that allows you to mark your vaults as ‘Safe for Travel’. When Travel mode is On, you can access only those vaults.
  • Supports Business Needs: It has a specialized set of features to support your business needs such as admin control to manage permissions, custom security controls, access control for each vault, activity log, business watchtower reports and business wide dashboard.

Cons

  • It might appear daunting to users who are not familiar with password managers and looking for a basic tool.

Compatibility

  • 1Password supports major operating systems. It is compatible with Windows, Mac and Linux.
  • You can also add 1Password extension to your web browsers such as Chrome, Firefox, Edge, Safari and Brave browser.
  • Moreover, 1Password has apps for Android and iPhones.
  • Click here to download 1Password.

Cost

  • There are several pricing plans offered by 1Password to suit your personal and business needs.
  • The personal plan starts from $2.99 that provides basic password protection. The family packages are priced at $4.99 per month, when charged annually.
  • Team Starter Pack starts from $19.95 for supporting teams up to 10 people.
  • You can explore the pricing plans in detail by clicking here.

BitWarden – Open Source Password Manager: 

The next password manager in our list is BitWarden. It is an open source password manager with all the features required to meet your basic password management needs.

Bitwarden password manager
Bitwarden password manager

Pros

  • Modern and intuitive user interface.
  • There is a Free Forever version which includes the support for unlimited passwords, unlimited devices and all core functions.
  • The core functions include unlimited vault items, store notes, store credit cards, store identities, username and password generator, two step login and free sharing with another user.
  • BitWarden provides email aliases. You can use an alias instead of primary email to sign up on websites. You will get all the emails but the website would not have your email address. This provides an additional layer of security.

Cons

  • Auto-fill feature is missing.
  • There is no recovery on free plan.

Compatibility

  • Bitwarden has native applications for Windows, macOS, and Linux.
  • It supports all major browsers including Chrome, Safari, Firefox, Vivaldi, Opera, Brave, Edge, Tor Browser and DuckDuckGo For Mac.
  • It has apps for Android and iOS.
  • You can download Bitwarden from here.

Cost

  • If you want more than the free plan, you can get the Bitwarden Premium subscription for $10 per year. The Family plan can be purchased for an annual price of $40 annually, with inclusion of 6 members and 1 Gb of encrypted storage.
  • Bitwarden provides affordable pricing plans for your business, starting from $3 per month for each user.
  • Click here to see detailed pricing plans.

Zoho Vault – Password Manager with Single Sign On: 

Zoho Vault is a secure password manager that can be used by any device from anywhere. The core features include storing unlimited passwords and notes, attach files and documents, access from any device, automatically log in to websites, generate strong passwords, define and enforce a password policy, two factor authentication, import and export passwords, and offline access.

Zoho Vault Password Manager

Pros

  • It is provides numerous features in its Free Forever version, unlike its competitors.
  • It provides integration with other Zoho apps such as Mail, Desk, Projects, Flow.

Cons

  • It does not support auto-fill of webforms.
  • It does not provide specialized features for the business or enterprise, as compared to 1Password.

Compatibility

Cost

  • There is a Free Forever package with a decent set of features. Then, comes the Standard package for $0.9 per user per month billed annually.
  • The professional plans start from $4.5 per user per month. 
  • See the detailed pricing plan here.

LastPass Password Manager: 

LastPass enjoys trust of 33+ million people and is recognized from experts. It has won several awards that distinguish it from its competitors. The core features include unlimited passwords, access on one device type, password less login, password sharing, autofill passwords and one-to-one sharing.

LastPass

Pros

  • It provides MFA that enables customers to log onto their accounts using a smartphone or fingerprint.
  • A security dashboard helps to check health of all your accounts.

Cons

  • LastPass provides limited features in Free version as compared to Zoho Vault.
  • There are incidents reporting occasional downtime.

Compatibility

  • It is a browser-based password manager and provides extensions for Firefox, Safari, Opera, and Edge.
  • It has apps for Android, iOS, and Windows phones.
  • Click this link to get LastPass.

Cost

  • The Personal plan is Free with a 30-day trial of premium features.
  • The Premium plans start from $3 per month and a Family plan costs $4 per month. These plans have a 30-day trial period.
  • The pricing plans for teams and businesses start from $4 per user per month.

Dashlane – The Security First Password Manager:

Dashlane password manager takes its pride in never been breaches. Dashlane gives you a nice balance between its cost and features. The free package offers management of one device with unlimited passwords and secure sharing. Dashlane Premium accounts offer unlimited passcodes, unlimited devices, a dark web monitoring tool that searches the web for leaked personal data, and a built-in VPN. 

Dashlane VPN
Dashlane VPN

Pros

  • It has a great UI and onbaording process.
  • It comes with a built-in VPN.
  • Generate complex passwords that are  unique and secure.
  • It is highly secure.

Cons

  • The free plan is not as good as compared to its competitors.

Compatibility

Cost

  • There is a free forever version that provides minimal password management on one device. You can get password management on unlimited devices with dark web monitoring for a $2.75 only.
  • Dashlane provides separate plans for businesses starting from $2 per user per month.
  • Click here to see detailed pricing plans.

Conclusion

Password managers are a necessity to have a safe online experience. We have looked at the top 5 password managers for 2023.

If you are willing to spend some money on a password manager for your business or personal use, 1Password should be your first choice. If you are willing to pay little, you may like to explore Lastpass and Dashlane.

However, if you are looking for a free password manager, you may find Zoho Vault or BitWarden more suitable for you. 

Let us know which password manager worked best for you!

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