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?
In my experience /how much I know that...
1. People can not bypass the finger print if nobody collect your finger print sample from you. (There are many videos on YouTube about hacking finger print. May be some tricks are working) So thus people can access your wallet.
2. If you lost your phone then people need to restore/hard reset your phone for remove the finger print and pin And all apps will be removed from the phone Except the stoke apps. So the wallets also will be removed and fund remain safe.
3. If you take any screenshot of your private key and keep it on your phone then if you download any untrusted third-party apps which take the permission of controlling SD card Data/Photos then hacker can hack your wallet with the help of these third party apps.
4. If you download any wallet not only the Trust wallet but also all wallets from a untrusted source then the wallet can be hacked. Because sometime the apps can be modified with malwares.