ELI5 – Why a hardware wallet (Ledger Nano X I’m this case) instead of my current app wallet (Trust wallet)?

Ursprünglich erschienen auf: https://www.reddit.com/r/CryptoCurrency/comments/gxad6z/eli5_why_a_hardware_wallet_ledger_nano_x_im_this/

So I’m not new to crypto at all. I’ve been involved for several years. I’ve always struggled with this question. If I have Trust Wallet set up, and my mnemonic phrase backed up in a secure location, why do I need a hardware wallet such as the Nano X?

Can anyone just spell out why I NEED one? And explain it like I’m 5. 😄

Thanks!

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