We ask that you write down your 12-word Backup Phrase in the exact sequence before you exit your wallet as your funds and private key are tied to your unique Backup Phrase. Your 12-word Backup Phrase allows you to restore your wallet and regain access to your funds at any time on any device that supports Freewallet Lite wallet. After switching the wallet, you will not have any other way to access your funds except the 12-word backup phrase.

In the unlikely event that Freewallet as a company is no longer around, you will be able to use your 12-word phrase to transfer your existing funds from Freewallet Lite to a similar wallet service that utilizes the mnemonic system and has the same derivation path.