Selfhosted

I evaluated both BitWarden and 1Password for work and 1Password generally won across the board.

If you host yourself make sure backups are rock solid and regularly monitored and tested. Have a plan for your infrastructure being down or compromised.

I access my Vaultwarden server via Cloudflared tunnel while I'm away from home network.

Bitwarden's free version is enough for my purposes, but I didn't realize they had a $10/yr plan. That seems worth paying for, I'll have to look into it.

I've used cloud based services for password managers for work and "self host" my personal stuff. I barely consider it self hosting since I use Keepass and on every machine it's configured to keep a local cached copy of the database but primarily to pull from the database file on my in-home NAS.

Two issues I've had:

Logging into an account on a device currently not on my home network is brutal. I often resort to simply viewing the needed password and painstakingly type it in (and I run with loooooong passwords)

If I add or change a password on a desktop and don't sync my phone before I leave, I get locked out of accounts. Two years rocking this setup it's happened three times, twice I just said meh I don't really need to do this now, a third time I went through account recovery and set a new password from my phone.

Minor complaint:

Sometimes Keepass2Android gets stuck trying to open the remote database and I have to let it sit and timeout (5 minutes!!!) which gets really annoying but happens very infrequently which is why I say just minor complaint

All in all, I find the inconvenience of doing the personal setup so low that to me even a $10 annual subscription is not worth it

I recommend against hosting a password manager yourself.

The main reason is self hosted systems require maintenance to patch vulnerabilities. While it's true that you won't be on the main list if e.g. bitwarden gets hacked, your data could still be obtained or ransomed by a scripted attack looking for e.g. vulnerable VaultWarden servers (or even just vulnerable servers in general).

Using professional hosting means just that, professional hosting with people who's full time job is running those systems and keeping people that aren't supposed to be there out.

Plus, you always have the encryption of the binary blob itself to fall back on (which if you've got a good password is a serious barrier to entry that buys you a lot of time). Additionally vaults are encrypted with symmetric crypto which is not vulnerable to quantum computing, so even in that case your data is reasonably safe... And mixed in with a lot of other data that's likely higher priority to target.

I self host Bitwarden and it's free to self host. You only have to pay for a license if you need multiple users or want to use their cloud services, I believe. My instance is 100% self hosted and completely isolated from the internet, and it works fine.

I self host it because I self host everything, but for credential managers I would never trust any 3rd party closed source utility or cloud service. Before I used a password manager I tracked them all manually with a text file and a TrueCrypt volume. I think giving unrelated credentials to 3rd parties is asking for trouble - they definitely don't care as much about them as you do!

If you're going to self host any credential manager, make sure you have an appropriate backup strategy, and make sure you have at least one client synced regularly so that you can still access passwords if the server itself dies for some reason.

you become fully in charge of your passwords instead of relying on someone else

TL;DR:

• you do it to gain more independence and self-reliance