Arculus Wallet Review in 2024

Arculus Wallet TLDR

If you are in a hurry and looking for a TLDR version of this review, here is a quick rundown of the basics of Arculus Wallet:

• It is a cold storage wallet that stores your private keys offline on a Key Card.
• It supports major cryptocurrencies like Bitcoin, Ethereum, and Litecoin.
• The Key Card provides three-factor authentication for secure transactions.
• It comes with an intuitive mobile app that makes it easy to transfer funds and check your balance.

Arculus Overview

Arculus is a combination of hardware and software that offers a unique blend of security and convenience that sets it apart from other options on the market. It was developed by CompoSecure and gets its name from the ancient roman guardian gods of boundaries, and protection, arcus.

The Arculus wallet offers a secure cold storage solution that gives users complete control over their funds without the need for trusting third-party entities. The Key Card and app make it easy to manage your assets while ensuring that your private keys remain safely stored offline. With its robust security measures, Arculus is quickly becoming the go-to wallet for crypto natives who want to keep their funds safe from malicious actors.

Is Arculus Safe?

The Arculus Key Card uses leading-edge security technology, including a CC EAL6+ Secure Element Hardware Classification for private key generation.

In conjunction, the Arculus Key Card and app take advantage of a 3-factor authentication process where the users must complete three verification stages.

These steps include biometric verification, a 6-digit pin code and the Arculus Key Card.

How it Works

Once the setup is complete, the user’s private keys are encrypted and stored in the Arculus Key Card.

The user can then use the Arculus mobile app to transfer funds, check balances, and manage their wallet without ever having to expose their private keys to online hacking.

To ensure the highest level of security when transferring funds, the Arculus Key Card connects to the app via NFC, which is safer than Bluetooth. In addition, the Key Card remains offline and doesn’t require charging or a computer connection.

Ease of Use

Another feature worth noting is the ease of use of the Arculus Wallet app. The interface is intuitive and user-friendly, making it easy for even novice cryptocurrency users to manage their funds and make transactions.

The app also provides access to various useful features, such as real-time cryptocurrency prices and market data, as well as the ability to set up custom alerts for specific coins or price thresholds.

Supported Coins

Arculus supports the major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Cardano (ADA) and ERC-20 tokens like LINK, USDT, BNB and more.

In total there are 46 different coins and blockchains that are supported by Arculus. It should be noted that Arculus is missing support for a few key blockchains including Cardano, Solana and Polkadot but we assume the company will add more in the future.

What Happens If I Lose My Phone?

If you lose your phone, you can use the Arculus Key Card to restore access to your wallet on a new device. In addition, all of your funds will be safe and secure as long as you have the Arculus Key Card — without it, no one else can gain access to your wallet.

Therefore, thanks to Arculus’s 3-factor authentication, you will only need your pin and biometric plus the key card to restore your account with the new app.

Conclusion: A Refreshing Approach to Crypto Security

Overall, Arculus is an impressive wallet that provides users with a secure way to store their funds while giving easy access to their crypto through a mobile app. Its key card feature offers an extra layer of protection, while its intuitive interface makes it easy to use, even for novice users.

Given the rising need for secure storage solutions in the cryptocurrency space, Arculus is well-positioned to become the go-to wallet for those looking to take control of their funds.

One potential downside to the Arculus Wallet is its reliance on the physical Arculus Key Card. While this adds an extra layer of security, it also means that users must be careful to keep track of the card and not lose it. This could be a concern for users who are worried about the potential for their cards to be misplaced or stolen. However, Arculus offers a solution with its 3-factor authentication process.