> ## Documentation Index
> Fetch the complete documentation index at: https://docs.boundlessfi.xyz/llms.txt
> Use this file to discover all available pages before exploring further.

# Wallets and accounts

> How Boundless manages your balance today. Passkey sign-in is planned for the future.

> **TL;DR:** Right now Boundless abstracts wallets for you the platform holds your balance, and you don't need a seed phrase or a separate wallet app. Passkey sign-in and signing is planned for a future release.

## What you'll learn

* How your balance works today (platform-managed)
* Why you don't need a seed phrase or external wallet
* What's coming: passkey sign-in
* How to keep your account secure

***

## How it works today: abstracted wallets

Boundless **abstracts wallets** for you:

* You sign up and sign in with your **email** (and password or your current auth method).
* The platform **holds your balance** the USDC and other assets tied to your account. You don't manage a seed phrase or connect an external wallet to use Boundless.
* When you earn from bounties, grants, hackathons, or crowdfunding, **payouts go to your Boundless balance**.
* You can **withdraw** from that balance (once you've completed [KYC](/start-here/verify-your-identity)) to an external wallet, then convert to local currency on an exchange. See [Converting USDC to local currency](/reference/converting-usdc).

So today: **no wallet setup**, no seed phrase, no separate app. Your account has a balance; the platform manages the underlying wallet for you.

***

## Why abstracted wallets?

* **Simplicity** You can participate without any crypto or wallet experience.
* **Safety** You can't lose a seed phrase you never had to write down.
* **Speed** Receiving payouts and using your balance in the app is straightforward.

***

## Coming soon: passkey sign-in

**Passkey support is planned for a future release.** When it ships, you'll be able to:

* Sign in with a passkey (e.g., fingerprint, Face ID, or security key) instead of or in addition to password.
* Approve sensitive actions with your passkey where we support it.

Until then, use the sign-in method provided in the app (e.g., email + password) and follow normal account security (don't share your password, use a strong password, etc.).

***

## Setting up your account and balance

See [Set up your wallet](/concepts/wallet-and-balance) for the steps to create your account and use your balance (adding funds, receiving payouts, withdrawing). You don't need to "create a wallet" just sign up and use your Boundless account.

***

## Security

<Warning title="Important">
  Never share your login credentials (email/password or any recovery details) with anyone. Boundless support will never ask for your password or seed phrase.
</Warning>

* Use a strong, unique password for your Boundless account.
* If you use a recovery method (e.g., email), keep that account secure too.
* For more, see [Security & privacy](/reference/security-and-privacy).

***

## Next steps

* [Set up your wallet](/concepts/wallet-and-balance) account and balance setup
* [Quick start](/start-here/create-your-account)
* [Security & privacy](/reference/security-and-privacy)

***

## Need help?

* **Platform:** [Boundless](https://www.boundlessfi.xyz)
* [Discord](https://discord.gg/cNabHsV7PN) · [Support](mailto:support@boundlessfi.xyz)