BYBIT     is a fully decentralized non   custodial wallet. This means+1(442)-276-4020 USA +31970.1021.0638 {EU} that you have complete access over your BYBIT     currencies but are also solely responsible for their security. All of your BYBIT     currency 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. keep in mind that in the event your phone is broken, stolen , lost or the app is deleted accidentally , BYBIT     never has access to your funds or the associ+1(442)-276-4020 USA +31970.1021.0638 {EU} ated word recovery phrase so as much as possible do a back up.