Moving off exchanges – are mobile wallets actually safe for long-term storage?
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YNYN posted an update in the group
Moving off exchanges – are mobile wallets actually safe for long-term storage? 18 hours, 24 minutes agoIf you travel frequently, a mobile wallet is honestly much more convenient than carrying a USB stick hardware wallet around. Just treat it like a physical wallet—don’t keep your entire life savings on your phone. Most modern non-custodial apps encrypt your private keys locally on the device’s secure enclave, meaning the developers never have a…[Read more]
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My brother recently got a new phone and panicked because he hadn’t properly backed up his recovery phrase before wiping his old device. He ended up having to desperately search for a trustwallet phone number to see if there was any backend recovery method, which defeats the entire purpose of a decentralized, self-custody app. As long as you…[Read more]