I am not aware of anything called Nordsafe in the password manager space, perhaps you meant NordPass from the same company that provides NordVPN?
you’re saying that if they hack my let’s say Nordsafe account the passwords are encrypted anyway so it’s useless on another device?
No, that is not what I am saying, that’s like asking if I crash my car into a wall does that mean that the car remains undamaged? You are conflating end result with vulnerability.
In essence think of the password manager as a safe that contains all your passwords. I don’t need you if I can get to the safe right? The point I made is that if I went to NordPass and got through their security all I have access is the safe, I have no way to get into it. With something like Chrome on the other hand, unless you purposefully go into the settings and enable the optional encryption feature, if I get through Googles security I can just get the passwords right there.
The other problem is with compromising the device. Let’s say in both scenarios I got to your machine. With NordPass I must have a keylogger and that keylogger to collect your master password (more on this point later). If you stored your passwords and used encryption with Chrome I don’t even need you to be present at your computer to be able to just lift the passwords off your device (since the encryption key is stored on your device).
The thing is I could write my e-mail and my master password on my wifes PC which I’ve never used the app before and could get in and just read whatever there was
Finally NordPass and many other password managers offers MFA (also called 2FA, MFA just means it’s at least 2). With that I have an authenticator app on my phone. So even if my master password is somehow compromised you can’t just use it on a different device and get into the password, because you will need a 6 digit code that is generated on my phone every 60 seconds and you do not know what the code is generated without a key that was used to setup the generator.
Note that if you use your browser to login to the web version of the password manager and use “Remember Me” so you do not need to enter the 2FA code every time you login then there is a risk that someone can hijack your browser session to also bypass the 2FA.
There is also other approaches to securing password managers. For example some can be setup with a Yubikey. That means that unless your devices has a dedicated physical USB key pluged in, it will not be able to access the passwords. A similar slightly less secure method can be found on something like KeePass2, where you can generate a file, without which you cannot open the database. Make such a file, store it on a flash drive and now that database cannot be opened without it.
In other words there are many more layers of security when compared to a browser.