WARNING! Important basics to know before setting up a backup
⛔️ THIS IS THE MOST IMPORTANT PART. TAKE A MINUTE TO READ ALL THE INSTRUCTIONS FIRST. DO NOT SKIP. ⛔️
The next step involves creating a physical paper or metal backup of your BULL wallet, which you will need in order to recover access to your Bitcoin if your mobile device is damaged, lost or stolen. The backup consists of 12 words generated randomly by the Bitcoin wallet. These 12 words allow you to recover access to your Bitcoin wallet in case anything happens to your mobile device. Never take pictures, print or share your words with anyone. The encrypted vault prevents you from thieves looking to steal your backup. It also prevents you from accidentally losing your backup sense it will be stored in your cloud. Cloud storage like Google Drive won’t have access to your Bitcoin because the encryption password is too strong. Physical backup: You are confident in your own operational security capabilities to hide and preserve your Bitcoin seed words. Encrypted vault: Your additional second layer of backup security, in case you lose the physical backup.
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