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What's the Difference Between a Passkey and a Password Manager?

Passkey vs. Password Manager

Passkeys:

Passkeys are a newer, more secure way to verify your identity — no password required. Instead, they use biometrics already on your device, like Face ID, fingerprint, or your device PIN.

They're stored locally on your phone, laptop, or tablet, and can sync across your devices via iCloud Keychain or Google Password Manager. Because there's nothing to type or remember, passkeys can't be accidentally shared or leaked the way passwords can.

One thing to keep in mind: a passkey only works on the device it was created on. If you lose that device without syncing enabled, you'll need to go through account recovery to set up a new one.

💡 Rise is rolling out passkeys to authorize sensitive actions — like withdrawals — replacing the password-based Rise Security Key (RSK), for stronger account protection.

Password Manager:

A password manager is an encrypted 'vault' that stores and autofills passwords for websites. You still use a standard username and password, but the vault remembers, stores, and enters them for you. You simply create one 'master password' that unlocks the vault and allows you to use it. Some password managers can store passkeys, and some cannot. Please check with your password manager of choice to confirm.

Rise V2 uses Passkeys for account access and to complete withdrawals. If you have a password manager, it may pop up while you're trying to log in to your account or complete a withdrawal. If your password manager supports passkeys, you can use it to verify your account. Please follow the steps provided by your specific password.

Below is an example of what to do if your password manager does not support passkeys, or you are using a passkey stored in your browser or device.

Here, I was prompted for my Passkey when making a withdrawal.

The password manager popped up in an attempt to auto-fill a password for me.

Simply close the password manager pop-up window, then continue using your passkey as directed.

Success! I was able to withdraw using my passkey.

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