Web3 wallet login vs standard email registration?

[FNAFFun]

Noticing more crypto platforms dropping email/password sign-ups entirely in favor of direct Web3 wallet connect (MetaMask, Phantom, etc.).

From a user perspective, does direct wallet connection actually improve conversion rates, or do most crypto users still prefer anonymous email/pass registration?

[Ruttoshi]

It's better as a crypto user, you don't connect your wallet to platform that ask for it because they can use that medium to drain your wallet. We have heard about a lot of wallet that has been drained by connecting to random site.

I prefer email registration for safety. This is why it's better to use a different wallet entirely for your savings and a different wallet for airdrops with zero balance.

[marrcelo]

I don't like logging into the wallet many times to enter exchanges, they're still a risk to security. I almost don't use DEX exchange, I don't trust it much, I use CEX more. I find it complicated, confusing, decentralized exchanges, I use it but the metamask wallet already has everything a DEX exchange has, and also some news of hacker attacks and security flaws in decentralized exchanges makes me stay away even more. In any exchange leaving your cryptocurrencies sitting isn't safe.

[coin-investor]

Noticing more crypto platforms dropping email/password sign-ups entirely in favor of direct Web3 wallet connect (MetaMask, Phantom, etc.).

From a user perspective, does direct wallet connection actually improve conversion rates, or do most crypto users still prefer anonymous email/pass registration?

For a new platform, I do not prefer or avoid connecting my wallet; I prefer email/password, and if there is no email/password option, then I create a new wallet to connect.
There have been many verified reports of wallets being compromised when connecting to a new platform because of vulnerabilities; even old platforms are not safe.
Keep your wallets, where your assets are stored, away from connecting to any platform; you never know if hackers are targeting the platform.

[asriloni]

Noticing more crypto platforms dropping email/password sign-ups entirely in favor of direct Web3 wallet connect (MetaMask, Phantom, etc.).

It's not entirely true. I see the more crypto platforms are giving users options to use both instead of forced them to use their wallet to sign up to the platforms.

From a user perspective, does direct wallet connection actually improve conversion rates, or do most crypto users still prefer anonymous email/pass registration?

Honestly, both of options possess the same risk. Wallet connection can make use getting drained while using email to sign up can also make our email getting stolen, but i'd rather to put email sign up as my priority because google has some layer of protection.

The most scary thing about wallet connection is that even when you used a dummy addy to connect to the site, but the connecting it to the scam site may also impact your wallet, which may be make you feel not safe to change your main wallet. In some case, it can't be revoked. So, i'd put email connection as my priority to ensure whether it's safe or scam site.

[TastyChillySauce00]

I'm one of those guys who will definitely prefer wallet login compared to email because it feels simpler and anonymous.

From a user perspective, does direct wallet connection actually improve conversion rates, or do most crypto users still prefer anonymous email/pass registration?

So far I haven't seen any company that publish their conversion rates improvement after using direct wallet connection but I guess if you're using embedded wallet with social/email login, the chance for higher conversion rates is huge because it covered more userbase.

Although personally I think address login is more anonymous than email/pass registration. You can spin up new address if you want to create new account and you can dispose it. Less chance of email/pass leak, less chance of spammy marketing emails but you need to remember that not all of your users going to have crypto wallet installed on their browser.

[omenswap]

It's better as a crypto user, you don't connect your wallet to platform that ask for it because they can use that medium to drain your wallet. We have heard about a lot of wallet that has been drained by connecting to random site.

I prefer email registration for safety. This is why it's better to use a different wallet entirely for your savings and a different wallet for airdrops with zero balance.

Just pay attention. "Connecting" your wallet does not allow the website to steal your money. SIGNING a transaction does allow the website to steal your money. Also signing things like an an EIP2612 permit will also allow a website to steal your money. Real "sign in with web3" authentication will ask you to sign a random string along with the service name and a timestamp -- make sure this is all its doing and you will be just fine.

Never sign anything with your keys that you don't understand or read. Don't be that guy who haphazardly clicks buttons and authorizes something dangerous.