You will need to save your "12 words" that are generated in the application. Whoever has those 12 words can transfer, sell or do anything with the digital assets associated with the private keys generated from the 12 words.
There is an industry standard for the 12 words, and you can use them with Phantom Wallet or other Solana wallets. You should probably have two wallets, and use the same 12 words with both, and that way you know that if something goes wrong with Bask Wallet you'll have any digital assets you use.
The application uses Raydium for all swaps between any two digital assets.
Raydium is not the only DEX, but it's a popular choice on Solana. It's possible you could find better prices elsewhere but normally this is very competitive.
It typically costs about 1 cent in March of 2026 to do a swap transaction with Raydium but in past years this has been 10 cents or more.
Most wallets support tons of bad tokens. This one supports just SOL, USDC, and SPYx at the moment. The idea is to make things simpler. In this sense, safety means not putting value into tokens that aren't linked to something else (except SOL, which is the native currency of the Solana network).
You can quickly select a model portfolio and rebalance into it. It takes a few seconds to do, and the on-chain transactions are complete within about 2-5 seconds usually on Solana.
Bask operates with zero centralized control. This means that no one can access your crypto, but that also means no one can recover it. It also means your responsible for your own choices and what you buy. It is definitely possibly for the USDC token or SPYx tokens to fail, lose all of their value, or somehow go to zero, even though the US Dollar or the S&P500 index of stocks definitely won't. There are tons of risks with using on-chain digital assets, and if you can't think of what they are, you should learn more about this before installing the wallet.
All DEXs have the idea of slippage/price impact, which is that the actual price achieved may differ from the estimated price. This is about 0.5% usually, but with very small or very large transactions, the actual outputs might differ a bit more. The exact names for these terms is less important than the fact that using DEXs is inherently different from using a centralized exchange, and the prices may be worse sometimes even though Raydium itself doesn't charge fees (although the liquidity pools do, typically around 0.1%). For simplicity, the wallet does not expose all of the details of this. It attempts to estimate what will happen, but you'll see the estimates may be off by a couple percentage points. The wallet tries to calculate some of the worst pitfalls and attempt to constrain transactions to avoid these losses, but it's far from perfect. DEXs just aren't the same as centralized exchanges/dealers. The vast majority of people should be buying from a regulated national platform that has a good brand and is subject to regulatory oversight. Every country has their own exchanges that fit that bill.
This is a highly experimental wallet. The S&P500 token used, SPYx, was only recently launched, and the history of these sorts of digital assets is limited. The wallet was also not made to a very high standard of code. Consider this something interesting to try and not a place to put any significant amount of money. Please listen to this warning.
Always test a small amount of SOL, USDC, or SPYx first. You can look on SolScan.com to see the transactions. The more you learn about DEXs, the more this will make sense.