@federik95 I moved your post into the Password manager section of the forum, since it appears that you are asking about the Password Manager product, not the stand-alone Authenticator product.
If you lose your Premium privileges, the TOTP authenticator keys (“secrets”) will still be available to you, so you will be able to export them and set them up in a different Authenticator app.
To protect yourself against losing access to your Bitwarden vault data, you should create an emergency sheet and regularly make backup copies (i.e., exports) of your vault contents. At a minimum, your emergency sheet should contain your Bitwarden username (email address), master password, Two-Step Login Recovery Code, password for password-protected vault exports, as well as the login credentials (password and 2FA) for the email account where emails sent to your Bitwarden email address are received.
If you are referring to the “Recovery Code”, it cannot be used to restore your Bitwarden account. It’s sole purpose is to disable all two-step login (2FA) factors that have been enabled for logging in to your Bitwarden account.
If a hacker gains access to the database servers, they will only be able to see encrypted (garbled) data. They will only be able to decrypt the stolen data if they know, or are able to correctly guess your Bitwarden account master password. For this reason, it is essential that you use a unique (not used elsewhere), confidential (never disclosed except when logging in to an authentic Bitwarden app or extension), randomly generated, and sufficiently long that a hacker would need to make at least a trillion attempts to correctly guess the master password. A random passphrase containing at least 4 randomly selected words meets these criteria, and effectively makes your encrypted vault data uncrackable.
For your most sensitive accounts (e.g., financial accounts), it is advisable for the 2FA second factor to be stored only outside your Bitwarden vault — and ideally, only on a device on which you don’t also use any Bitwarden apps or extensions (for example, a Yubikey). That being said, using Bitwarden’s integrated authenticator can be reasonably safe, if you are adequately safeguarding your vault (e.g., using a unique, confidential, random and long mater password, and keeping your devices safe from unauthorized access and malware).