Arculus™ – A Promising Crypto Storage Solution

The crypto industry is an area where security must be paramount. Companies dealing with cryptography are therefore constantly working to improve the security of their projects.

When it comes to digital asset storage solutions, there are so many options on the market that it can be difficult for users to decide which one best suits their needs.

In this article, we will talk about the new and powerful features it brings to Arculus and the crypto world.

What is Arculus?

Arculus is a cold storage wallet designed to secure cryptocurrencies and NFTs. It supports more than 40 cryptocurrencies and NFT chains and was developed by CompoSecure, a payment solutions company with more than 20 years of experience. The world's largest banks trust their customers to protect them, and they can trust you to protect them.

Arculus key was released in 2021. Arculus card (hardware) and wallet Applications (software) are used together to protect private keys and manage a crypto wallet.

Moreover, in addition to a high level of security, the Arculus project aims to provide speed and convenience, thus combining some of the important features that a cryptographic storage solution must have to be immediately practical and useful.

How does Arculus work?

As mentioned above, Arculus offers users a physical metal card and a mobile app. This way, crypto-enthusiasts can protect their digital assets through an easy and fast way to verify their wallets.

Arculus supports the Euro and Dollar and allows users to send, receive, buy, trade and store cryptocurrencies and NFTs, providing an easy way to access them through a physical card-enabled mobile app.

Arculus Keycard has CC EAL6+ security element for safer digital assets. This feature helped the Arculus team develop one of the most interesting aspects of their project: three-factor authentication.

Every time an Arculus owner wants to make a transaction, they need to have the card on their mobile device. The transaction card communicates with the mobile application via a secure NFC connection.

3-factor authentication

Arculus has a carefully designed mobile application that allows users to work easily. To unlock the app and complete a transaction with Arculus, they must go through a three-factor authentication process that requires a key card and the Wallet app.

biometric lock

Today, every mobile phone is designed with various security features in mind for its users. A security system such as fingerprint or facial recognition can be installed during unlocking. Arculus also uses these features for the app. So, the first step to unlock the app is to unlock the biometric login configured on your phone. We are talking about facial recognition or fingerprints, and thieves will probably not be aware.

personal PIN

The next authentication step the user needs to take is to enter a 6-digit PIN in the app. The PIN code is set when you first register in the application.

Arculus Key Card

The third and final step to complete the transaction verification process is to attach the key card to the back of the phone. Thanks to the CC EAL 6+ security element built into the card, transactions are allowed with its encrypted keys.

Ease of use

Security features not only make Arculus a safe cold storage option, but also provide a simple and pleasant user experience. Their interface is quite easy to use and it is easy for crypto enthusiasts to manage their digital assets on the mobile app.

In addition, Arculus' integration with WalletConnect allows users to always use the DeFi ecosystem without accessing third-party applications or browser extensions.

Practical equipment

Unlike other cold storage solutions, Arculus uses a key card to store private keys. While other products are cumbersome to carry and require Wi-Fi, Bluetooth or charging to function, the Arculus Keycard is NFC-enabled and can easily fit into a regular pocket or purse. Communication between the app and the card is almost instantaneous.

However, other types of cold storage may require users to wait until they have a stable Wi-Fi or Bluetooth connection, giving hackers and other thieves access to your cryptocurrency.

Supported cryptocurrencies

Arculus currently supports more than 40 cryptocurrencies, which users can check on the list published on the official Arculus website. It is important to note that not all cryptocurrencies are available for all platform operations (store, send, receive, buy and trade).

However, Arculus supports popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Chainlink (LINK), USD Coin (USDC) or Tether (USDT). New channels are constantly being added.

Cost and installation

Although the Arculus Wallet app is completely free, users must purchase an Arculus Key Card for $99. However, the price is very close to similar products, and once a crypto investor has a card and an app, there are no additional fees to manage it.

Other costs that users may incur are related to buying and trading cryptocurrencies. However, Arculus' liquidity partners charge fees that vary depending on the specific cryptocurrency being bought/sold and its features. This also applies to all other crypto wallets as they charge network fees.

Arculus configuration

Users who want to manage their digital assets through Arculus need to follow a few simple steps to set up:

Step 1: Apply for an Arculus key card.

Step 2: Download the Arculus Wallet app, available for iOS and Android devices.

Step 3: Proceed to create a new wallet and follow the in-app instructions.

Step 4: Create a six-digit PIN to use in the second step of three-factor authentication and also to confirm the transaction.

Step 5: Create a 12-word recovery phrase and type it over. Be sure to write it down and keep it in a safe place, as the recovery phrase will be needed when trying to access the wallet if necessary. Arculus will not be able to retrieve your unique phrase for you because the company does not store it in any database.

Step 6: Start your crypto business on Arculus. Learn about sending/receiving cryptocurrencies, buying or trading new digital assets, or owning collections of NFTs.

Arculus - Final Thoughts

Arculus is an excellent choice for those looking for an easy-to-use cryptocurrency storage option with a secure, simple and well-designed mobile app to manage their digital assets.

While CompoSecure developed Arculus as a cold storage solution, the team has always thought about how to combine the security of physical crypto storage with the convenience and advanced technology of mobile applications. So Arculus offers security and speed, and users benefit from a combination of the two.

With a user-friendly wallet app and a minimalist NFC-based metal key card, Arculus has revolutionized cryptocurrency storage. Comprised of a team of forward-thinking professionals, Arculus works around the clock to ensure its products are constantly updated in the ever-expanding world of digital assets.

Arculus™, a promising cryptocurrency storage solution appeared first on Coindoo.