All natively supported cryptocurrency is held on privately on your device. The Abra wallet is a non-custodial cryptocurrency wallet that allows you the freedom to invest in multiple cryptocurrencies and fiat currencies.
Abra has no access (ever) to the private keys that reference your funds.
In order to safeguard the funds held on your Abra wallet, it's imperative to create a backup and save your recovery phrase in a safe place. In the event, a phone is broken, stolen, lost or the app is deleted accidentally our company never has access to your funds or the associated recovery phrase.