Old lesson: Don't rely on your phone. Always save your wallet seeds

[Stedsm]

That's true. That's the reason many big wallets stored into different things were, at first, sent to some wrong places mistakenly (like that HDD the guy threw out thinking it was holding trash). If he'd have kept the seed itself, he'd have been able to move out his 7k BTC and sell them today which is worth millions of $$$. I've seen some cases too where privkeys get stolen and everything, if kept in a single address, gets compromised which is why I recommend HD wallets with in-built ability to get you a new address every time you transact, and also asks you to save your wallet seed at the very beginning.

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[Lucius]

The phone costs about $ 800. I brought up this topic because some people think they are safe as long as their phone is working and they have the password/fingerprint.

In this case, the damage is actually higher because of the price of the device itself than what is contained in it. But as I wrote before, it may be possible to save the data or you may find your backup - that $50 may not seem like much today, but it may one day reach the price of the device itself.

We should not rely on a fingerprint or face unlock on smartphones as the ultimate protection, because while we sleep or if we are in any unconscious state (under the influence of alcohol, drugs ...) it is very easy to unlock our device and steal data (if they are not encrypted).