We always use custom controls to show/hide password while entering the password using effects.
Android:
Create the control manually in ‘OnDrawableTouchListener’ method where, we are adding the ShowPass and HidePass icons to the entry control, changing them on the basis of user touch action and attaching it on effect invocation which will be fired when the effect is added to the control.
public class OnDrawableTouchListener : Java.Lang.Object, Android.Views.View.IOnTouchListener
{
public bool OnTouch(Android.Views.View v, MotionEvent e)
{
if (v is EditText && e.Action == MotionEventActions.Up)
{
EditText editText = (EditText)v;
if (e.RawX >= (editText.Right - editText.GetCompoundDrawables()[2].Bounds.Width()))
{
if (editText.TransformationMethod == null)
{
editText.TransformationMethod = PasswordTransformationMethod.Instance;
editText.SetCompoundDrawablesRelativeWithIntrinsicBounds(0, 0, Resource.Drawable.ShowPass, 0);
}
else
{
editText.TransformationMethod = null;
editText.SetCompoundDrawablesRelativeWithIntrinsicBounds(0, 0, Resource.Drawable.HidePass, 0);
}
return true;
}
}
return false;
}
}
Result:

IOS:
Create the control manually in 'ConfigureControl' method where we are adding the ShowPass and HidePassicons to the entry control, changing them on the basis of user touch action; and attaching it on effect invocation which will be fired when the effect will be added to the control.
private void ConfigureControl()
{
if (Control != null)
{
UITextField vUpdatedEntry = (UITextField)Control;
var buttonRect = UIButton.FromType(UIButtonType.Custom);
buttonRect.SetImage(new UIImage("ShowPass"), UIControlState.Normal);
buttonRect.TouchUpInside += (object sender, EventArgs e1) =>
{
if (vUpdatedEntry.SecureTextEntry)
{
vUpdatedEntry.SecureTextEntry = false;
buttonRect.SetImage(new UIImage("HidePass"), UIControlState.Normal);
}
else
{
vUpdatedEntry.SecureTextEntry = true;
buttonRect.SetImage(new UIImage("ShowPass"), UIControlState.Normal);
}
};
vUpdatedEntry.ShouldChangeCharacters += (textField, range, replacementString) =>
{
string text = vUpdatedEntry.Text;
var result = text.Substring(0, (int)range.Location) + replacementString + text.Substring((int)range.Location + (int)range.Length);
vUpdatedEntry.Text = result;
return false;
};
buttonRect.Frame = new CoreGraphics.CGRect(10.0f, 0.0f, 15.0f, 15.0f);
buttonRect.ContentMode = UIViewContentMode.Right;
UIView paddingViewRight = new UIView(new System.Drawing.RectangleF(5.0f, -5.0f, 30.0f, 18.0f));
paddingViewRight.Add(buttonRect);
paddingViewRight.ContentMode = UIViewContentMode.BottomRight;
vUpdatedEntry.LeftView = paddingViewRight;
vUpdatedEntry.LeftViewMode = UITextFieldViewMode.Always;
Control.Layer.CornerRadius = 4;
Control.Layer.BorderColor = new CoreGraphics.CGColor(255, 255, 255);
Control.Layer.MasksToBounds = true;
vUpdatedEntry.TextAlignment = UITextAlignment.Left;
}
}
Result:

For more details, please refer to the article below.
https://www.c-sharpcorner.com/article/xamarin-forms-tip-implement-show-hide-password-using-effects/
You could download the source file from GitHub for reference.
https://github.com/techierathore/ShowHidePassEx.git