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RE: 🚨 If you lose your phone you lose access to your exchange, if you did not properly back-up your 2FA codes 🚨

No when you get the QR code from the exchange, underneath there will be a manual recovery seed as well. This all is supplied by the exchange, for instance Binance. So once you link your phone by scanning the QR code, note down the recovery keys too! The app cannot and does not give you these. It is only supplied once during initial setup

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ok thats what I did previously but was still a bit unsure about it. Thanks for clarifying.
I feel like you are my crypto consultant haha I'm always asking you questions and for advice and clarification.

Don't worry, I don't mind! I'm happy to consider people like yourself who engage with me to be my followers and readers! It helps me know I am not writing for nothing :)

Ok that's good then :)