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RE: A Trial Disaster Recovery Of My Android Crypto Wallets: A Dry Run Of What I'd Do If I Lost My Phone, Some Things I've Learned In The Process & A Recommendation To All Crypto Owners...
Don't quote me but I'm 90% sure jaxx stores your keys in plain text on your phone, and any mobile targeting malware can steal your funds if you are not careful. You have to consider if the convenience is worth the risk, ideally having crypto you don't plan to use in cold storage where it can be physically protected. Also if you have larger holdings in crypto splitting between a few wallets is not a bad option so if the worst happens, you don't lose it all.
Currently no one should keep their cryptocurrencies on their phone just because the device is always online. Hardware or paper wallet, this is it.
Great tip @valelr7. That does seem quite vulnerable for a highly connected device. What a great collection of pragmatic suggestions this post has produced! I'm keen to move some funds offline after digesting all of this.