Bybit's Cloud Wallet is a custodial wallet that's integrated with your Bybit account. Simply log in after creating to start using it.
A Seed Phrase Wallet is a non-custodial wallet that can be imported to Bybit Wallet with a seed phrase/private key.
Bybit's Keyless Wallet is non-custodial that utilizes MPC technology to secure your private keys. You retain full ownership while also benefitting from easier access.