The average person has more than 100 accounts on the internet. If one of those accounts are compromised due to a leak, your credentials of this accounts are known to third parties. When you use the same credentials for an different account this account is also in jeopardy. For this reason LiteBit maintains a database of leaked and frequently used passwords to protect our users
These passwords are not safe and will not optimally protect your account. This database is based on data from https://haveibeenpwned.com/, they collect leaked data from breaches of websites. For your safety we check for these passwords and reject the entered password when matches with one of the leaked password or frequently used passwords. This happens in a secure way which doesn’t actually release your password.
Please use this article to find some guidelines on how to create a strong password which protects your account.
How to create a strong password
A strong password has a character length of 12 characters minimum: You need to choose a password that’s long enough. There’s no minimum password length everyone agrees on, but you should generally go for passwords that are a minimum of 12 to 14 characters in length. A longer password would be even better.
Includes Numbers, Symbols, Capital Letters, and Lower-Case Letters: Use a mix of different types of characters to make the password harder to crack.
Your password is not a word or a combination of words: Stay away from words especially if they are obvious like 'bitcoin' or 'dog'. A combination such as 'big dog' is also very bad.
Try to create a strong password: For example, 'Big_D0g543!' fit many of the requirements; It's 12 characters long, includes numbers/symbols, lowercase/uppercase but in fact, this password is really bad since it does contain a word and is fairly obvious.
With the tips above you can easily come up with a new secure password which is hard to guess but the problem here is it is also hard to remember. You have to come up with a password which is not obvious so no words but is still easy to remember. Consider using a trick you can remember.
For example, since dog is pretty obvious you may remember the following sentence easy. "My first dog named snoodles was a golden retriever. I got him when he was 2 years old and paid a symbolic price of $2 dollars." This is just as easy to remember since this is a part of your memory and your password could be "Mfdnswagr.Ighwhw2yoapaspo$2d." Of course it doesn't have to be this long but this is an example of how to easily remember a password with letters and special characters.
How to store passwords
Using a password manager is the easiest way to set up and manage a collection of strong passwords for different websites. A good example is LastPass, which can be used as a browser extension, or KeePass, which is a kind of password vault on your PC. These kind of programs can automatically generate a strong password and store them encrypted. Some can even automatically fill in your passwords on the web.