This has been discussed extensively elsewhere. The old version is no longer being developed, no support is provided and it is not maintained.
- AxCrypt do not know your password for version 1 or version 2.
- You should use a very complicated for everything. With AxCrypt 2, you only type in your password once. That improves your security because having ‘strong’ and ‘weak’ passwords makes you much less secure.
The only solution is to use AxCrypt 2 or to look for some other, paid, encryption software which will do what you want.