I am using Trust Wallet on my handphone. Basically it stores all my coins. But I wonder is it safe? What if my phone crash. What if I buy a new phone and need to transfer the wallet over? Is there any best practices for Trust Wallet. This is basically my entire fortune and I am trying to be as safe as possible
Actually, I do not think keeping the wallet on the phone is the right idea. It is safer to have it on your PC. Because sometimes your phone may not be in yourself or it can be stolen, which means you have lost all your funds.
If something happens to your phone, you will use the backup code provided to back it up to another device.
To be safe, you should keep the backup code in a safe place.