Your Qredo Account and Master Seed allow you to authorize various approvals - logins, transaction initiation, Approver requests, etc.
The seed recovery phrase is what gives you complete access to your Qredo Account and Master Seed. If you lose access to your phone, the seed recovery phrase allows you to regain access to your account and sign your approvals.
If you fail to properly store your seed recovery phrase or lose access to it, we won’t be able to help you recover your account if necessary.
In case you can’t access your seed recovery phrase at any point, assuming that you can still access your account, we recommend creating a new Qredo account and moving your assets to it.
Regardless, it is essential that you properly store your seed recovery phrase.