I use a trust wallet to store crypto. My question is how safe it is to store over $20k coins? Yes, of course, I take care of keeping my mobile safe and virus/malware free so never click on any unknown link as know about his as i am in IT field.
It doesn't matter if you are working in IT or not, I wouldn't use Trust wallet for storing any coins, or I would use it only for pocket change money.This is closed source wallet and you can find better open source alternatives that probably work even better.
There are many YouTubers who always recommend for hardware wallet to store coins valued over $10k but i have following questions regarding hardware wallet?
I don't really care what most youtubers have to say, they are paid shillers and they are probably recommending one more close source crap like ledger.What if I lost or damage my hardware wallet? Do i need to buy same hardware wallet and restore my coins? or can use private keys in any other online wallet and get my coins back?
What if you lost you mobile phone with trust wallet?It's much more likely to lose or damage something you carry with you everywhere all the time.
You should keep backup seed phrase offline on paper or metal, and you should have strong password and passphrase for your account, so it' doesn't really matter if you damage hardware wallet.
You can always restore all your coins to any BIOP39 supported wallets, hardware and software.
What if the hardware wallet is damaged or corrupt?
What kind of question is this... you buy new one if you want, same like with anything else that gets damaged.