[BinaryIdiot]

It's hard to ignore how handy it is when someone else holds your money. When my bank holds my money I can send it to anywhere from any place. Using a crypto wallet I now have this file I have to somehow keep safe and with me at all times. What happens when or if it gets stolen? Like cash it's gone.

So I understand why people do it. Ease of use typically outshines most security issues. Someone needs to figure out how to strike a better balance.

[nicky0]

Keep a paper or electronic backup at home and/or another safe place.

Also your should protect mobile/app wallet with a passphrase so it is safe if you lose it.