I don't see how a separate dedicated piece of hardware is less secure. It has zero contact whatsoever with your other comm devices. It can be switched off when not needed, to prevent any chance of tracking you. Think of it as of an advanced yubikey.
It's not money-preserving though. You need an extra device, and an extra phone number. The separate phone number is another privacy-preserving feature though.
> Think of it as of an advanced yubikey.
A cheap Android phone is pretty much the opposite of a Yubikey, in terms of trusted computing base and attack surface.