I am using Trust Waklet 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
I have been using trust wallet for a long time now and from many opinions it is trustworthy, funny but true, the name points to this very fact. Yes, it can be used to store many coins such as BTC, ETH, ICON and so on, reason it is also called a multi-cryptocurrency wallet.
Now talking about having a new phone or if your current phone encounters an issue; before creating the wallet, you were asked to write down your backup accordingly, it is actually 12 words, therefore in case you encounter any issue which makes you lose the app, you can just download and install on another device, open the app and Instead of creating a new wallet, you import your old wallet using the 12 words you have earlier.
Therefore with your 12 words or commonly called mnemonic phrases, you are always safe.