It's Bitcoin on your phone. For small amounts that you're planning to use that's fine. But it's not for keeping there long term. Same as you don't walk the streets with a duffle bag full of cash.
Discussion
That is true haha. But it is better than storing #btc on an exchange, in a custodial wallet. Cuz, you know why. But yes, it’s on your phone, but i’s better than an exchange