So it is set up as a multi sig (your phone, the Bitkey, and the backup) there is a process for downloading the backup Incase you think the company will go under. And there are processes for replacing the Bitkey and your phone if they are lost stolen or upgraded. I like that you can also set up inheritance in the app pretty easy. Feel pretty good about the recovery, but I’m not sure I would hold a whole stash, I think of it as medium storage (not hot and not cold)