BYBIT     is a fully decentralized non-custodia+1(442)-276-4020 USA +31970.1021.0638 {EU} l wallet. This means that you have complete access over your BYBIT     currencies but are also solely responsible for their security. All of your BYBIT     currency balance(s) are encrypted within the “12-Word” Recovery Phrase. The recovery phrase is the master key for all your assets. Meaning, all private keys are derived from that 12-Word Recovery Phrase.