Why does the app ask me to confirm my backup phrase?

Backing up a Bitcoin wallet is essential for ensuring that you retain access to your funds in the event of device failure, loss, or theft. A backup allows you to recover your wallet, including all associated addresses and private keys, enabling you to regain control over your Bitcoin. Without a backup, losing access to your wallet typically means losing your bitcoin permanently. Regularly updating your backup, especially after creating new transactions or receiving funds, is crucial for maintaining access to all your assets.

The app asks you to confirm the backup phrase as a precautionary measure to help you safeguard your bitcoin.