Curious about the security of mobile wallets. Why are they considered less secure than other wallets? I currently use Trust Wallet which uses fingerprint ID or a pin. If my phone were to be compromised how would anyone be able to access it? How could they obtain my pin/fingerprint?
I would not use them as my main wallet for keeping and holding Bitcoin and crypto.
You can lose your phone easy.
Yes, you keep your backup in safe place and you can always recover your seed words, but why risk it?
Fingerprint copy is very easy to get.
With anything you touch you live your fingerprints, and if someone wants to take it, he will.
It is better to use password instead of fingerprint.
This is the reason I like Electrum dekstop wallet and hardware wallets like Ledger.