I’m currently using Phantom wallet and first time going to be using Terminal (Padre). When I goto the website should I connect my Phantom Wallet to register? Thats what I did anyways and it made me create a password which I also done.

Now when I logged in it had made me its own on site wallet. Though I’m confused do I use the on site wallet or do I import wallet? If I click on import wallet then it asks me for my Phantom wallet private key. I thought your not suppose to give out your private key to anyone? So why does it want my private key? Does this mean Terminal has access to all my funds and can drain it?

People who use Terminal how do you setup your wallets? What is the best way to set this up?