A passkey lets you sign in with your device's screen lock — fingerprint, face or PIN — instead of a password. The difference from a password is that there is no secret text to remember or write down: the private key stays on your device and is never sent to the site, which only keeps the matching public key. As the FIDO Alliance describes it, each passkey is generated uniquely for one account and works only on the address it was registered for, so it cannot be handed over to a fake sign-in page.
The steps below cover creating a passkey on a Google, Apple and Microsoft account, using your phone as a key on another computer, and what to do if you lose a device. The menu names come from each company's own help pages; labels may change as the interfaces are updated.