Arculus Crypto Wallet Review: A Secure and User-Friendly Way to Store Your Coins

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The Arculus Wallet is a promising new addition to the emerging world of cryptocurrency cold storage solutions. Most crypto natives use centralized exchanges for their day-to-day trading and storage needs. While there is nothing wrong with trusting an exchange, these platforms are vulnerable to hacks and other malicious attacks. At the same time, most centralized exchanges do not offer the same level of security that comes with a cold storage solution. A cold storage solution such as Arculus is designed to keep your funds safe and secure while giving you full control. It’s a sleek-looking Arculus Key Card comes in the form of a physical metallic card that stores your private keys offline. Once you register for an account with Arculus, you get an app that lets you control your account. The app also enables you to transfer funds to and from the cold storage wallet, as well as check your balance. To top it all off, it comes with a 3-factor authentication instead of the usual 2FA. Here is a detailed review of what this cold storage wallet has to offer. Arculus Cold Storage Crypto Wallet 2.5 / 5 The Arculus card is a new cryptocurrency cold wallet for your iPhone that secures your private keys. It does its job well but reeks of as-of-yet unfulfilled potential. The news is ripe with stories of novice users getting their crypto investments swindled away through inexperience or downright fraud. A cold storage wallet won’t prevent all forms of cryptocurrency theft, but it can help with some of it. In reviewing the Arculus card, we aren’t advocating for investing in cryptocurrency by any means, but we are supporting proper security for anything you do in the digital world. Whether that is using two-factor authentication for your online accounts, using a Yubikey for physical security, or cold storage for your crypto wallet.

A physical card for your digital currency

Arculus is a cold storage crypto wallet, meaning it’s not connected to the internet or any device. Anyone who wants access to the cryptocurrency tied to your Arculus wallet will need your physical card.

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Without access to the card, your funds are practically inaccessible. The card is stainless steel on the front with the Arculus logo printed on it, and is the same size and shape as a typical credit card or ID. The reverse is plastic, allowing for the NFC signal to pass through when placed near your phone. As slim as a credit card, you can store it at home, in your wallet, or anywhere that’s safe. Where you keep the card will probably depend on how often you intend on accessing your crypto. The card looks neat, following the trend of high-end credit cards made of metal. At its price point, we’d expect a premium-looking card.

A middling app experience

First-time users get prompted to create their accounts when opening the Arculus app. This involves writing down a lengthy twelve-phrase security code. The words can’t even be copied, pushing users towards storing this phrase outside their phone like in a home safe. You’ll also have to pair your Arculus card, which is done through NFC. There’s an indicator on the rear of the card, but an in-app animation makes it abundantly clear where to tap. Apple’s stock NFC modal will appear from the bottom and show your progress as you write your information to the card. This is a little fickle as you can’t move the card while scanning, and we failed twice during our setup before just placing it on the table. With your account configured, you’re able to buy crypto, store your crypto, and pay with crypto. Currently, investors of the wildly popular and controversial NFTs can’t use this for storage. At the moment, NFTs aren’t supported in the app, but Arculus says it is on their roadmap and will be coming soon.

In case of loss or theft

If you should ever lose your phone or card, there’s no reason to fret. If someone else has one or both of these devices, there is still no way they can access your funds without your biometric authentication. That still leaves you in a pickle restoring your access.

Arculus Pros & Cons

Pros

  • Offers a hybrid cold and hot wallet alternative
  • Provides three-factor authentication with keys generated from a True Random Number generator
  • It comes with an intuitive mobile app
  • Relatively affordable

Cons

  • No touchscreen on metal card
  • App is not compatible with other devices
  • Still relatively new and untested

What Cryptocurrencies Does Arculus Support?

At the time of writing, Arculus supports 40 cryptocurrencies. This includes popular cryptos like:
  • AAVE
  • Bitcoin
  • Bitcoin Cash
  • Chainlink
  • Compound
  • Decentraland
  • DAI
  • Ethereum
  • Mana
  • Polygon
  • Shiba Inu
  • Uniswap
  • USDC
  • USDT
  • XRP
You can store, send, and receive all 40 cryptos on your Arculus wallet. The platform also supports buying and swapping for over a dozen cryptos and altcoins, including popular options like BTC, ETH, USDC, and USDT. This is less selection than using a major exchange, but you get way more security. Currently, Arculus supports USD and EUR for coin purchases through the wallet but anticipates adding additional currencies in the future. You can also set up a joint wallet, which is useful if you want to share your wallet with a spouse or partner. Note that Arculus doesn’t charge fees for sending or receiving crypto. However, you do pay fees for buying and swapping crypto. These fees are charged by Arculus’ liquidity partners, Simplex and Changelly.com. Fees vary depending on the crypto and blockchain conditions; but you see the breakdown of fees before placing a swap or trade.

How Much Does Arculus Cost?

The Arculus Key Card costs $99, and its mobile app is free. This is similar in price to other hardware wallets like Trezor and Ledger. And, as mentioned, the chance of hardware failure is practically non-existent whereas other hardware wallets have display screens, charging ports, and other elements that might fail.

How to Set Up Arculus

Once your Arculus Key Card arrives in the mail, setting up your wallet requires six simple steps: Download the Arculus Wallet app for Android or iOS. Tap the “Create a New Wallet” button in the app’s menu and follow instructions to pair your key card. Create the six-digit pin you use to unlock your wallet. Write down your 12-word recovery phrase that you use to reclaim access to your wallet if you ever lose your phone or key card. Re-enter your 12-word recovery phrase. Begin importing/trading crypto or connect your NFT gallery to the app. Rewrite Blog

Arculus Wallet Review

The Arculus Wallet represents a promising addition to the rapidly growing world of cold storage solutions for cryptocurrency. The majority of crypto natives rely on centralized exchanges to meet their daily trading and storage requirements. There is nothing wrong in trusting an exchange. However, these platforms can be vulnerable to malicious attacks and hacks. Most centralized exchanges don’t offer the same security as a cold storage system. Arculus, for example, is a cold storage solution that keeps your funds secure and safe while giving you complete control. The Arculus Key Card is a metallic card with a stylish design that stores private keys off-line. After you create an Arculus account, you will receive an app to manage your account. You can also check your balance and transfer funds into or out of the cold storage wallet using the app. It also comes with 3FA instead of 2FA. This is a review of the features and benefits that this wallet offers. Arculus Cold Storage Crypto Wallet 2.5 / 5 Arculus is a cold wallet that protects your private keys. It is a good wallet that does the job but has a lot of potential. Inexperienced users are often the victims of fraud or outright theft, resulting in their investments being swindled. Cold storage wallets won’t stop all types of cryptocurrency theft but they can reduce some of them. We don’t advocate investing in crypto, but we do support proper security in the digital realm. It could be using Yubikeys for physical security or two-factor authentication to secure your online accounts.

Physical cards for digital currency

Arculus is an offline crypto wallet. This means that it is not connected to any devices or the internet. Arculus wallets are only accessible by physical cards.

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Your funds are virtually inaccessible without the card. The front of the card is made from stainless steel with the Arculus Logo printed on it. It is the same size as a credit card or an ID. The reverse side is made of plastic and allows the NFC signal through to your phone when it’s placed close by. You can keep it in your wallet or at home. The location of the card depends on how frequently you plan to access your crypto. The card is neat and follows the trend for high-end metal credit cards. We’d expect the card to look premium at its price.

A middling app experience

When opening the Arculus application, first-time users are prompted to create an account. It is necessary to write down a 12-phrase security code. These words cannot be copied and users are encouraged to store them outside of their phones, like in a safe. NFC is used to pair the card. The card has an indicator at the back, but the in-app animation is very clear about where to tap. Apple’s NFC stock modal will show you your progress while writing your information on the card. It’s a bit fickle, as you cannot move the card during scanning. We failed twice before placing the card on the table. You can buy cryptocurrency, store it, and use it to pay. Investors of the controversial and wildly popular NFTs cannot use this app for storage at the moment. Currently, NFTs cannot be used in the app. However, Arculus has stated that it will soon support NFTs.

If you lose or steal something

You don’t need to worry if you lose your card or phone. Even if someone else owns one or both devices, they cannot access your money without biometric authentication. You are still in a bind when it comes to regaining access.

Arculus Pros & Cons

Pros

  • Offers a hybrid alternative to the cold and hot wallet
  • Three-factor authentication is provided with keys generated by a True Random Number Generator
  • The app is intuitive and easy to use
  • Affordable

You can also find out more about Cons

  • Metal cards are not touchscreen compatible
  • App not compatible with any other device
  • Still relatively new, untested

What crypto currencies does Arculus support?

Arculus currently supports 40 cryptos. Included in this are popular cryptos such as:
  • AVOW
  • Bitcoin
  • Bitcoin Cash
  • Chainlink
  • Compound
  • Decentraland
  • DAI
  • Ethereum
  • Mana
  • Polygon
  • Shiba Inu
  • Uniswap
  • USDC
  • USDT
  • XRP
Arculus allows you to store, send and receive all forty cryptos. Platform also allows for buying and trading of over a dozen altcoins and cryptos including popular choices like BTC USDC and USDT. It’s less choice than a major exchange but it is more secure. Arculus currently supports USD and EUR as currencies for coin purchases via the wallet, but plans to add more in the future. Arculus allows you to create a joint wallet. This is great if you’re sharing your wallet with someone else. Arculus does not charge any fees to send or receive crypto. You do have to pay fees when you buy and sell crypto. These fees are charged to Arculus by its liquidity partners Simplex and Changelly.com. The fees vary depending on crypto and blockchain conditions. You can see the breakdown before you place a trade or swap.

What is the cost of Arculus?

Arculus Key Card is priced at $99 and the mobile app comes free. The price is comparable to that of other hardware wallets such as Trezor or Ledger. As mentioned above, there is virtually no chance of failure. Other hardware wallets may have charging ports, display screens and other components that could fail.

Arculus Setup

Six simple steps are required to set up your wallet once your Arculus Key Card is received in the mail: Download Arculus Wallet for Android or iOS. Follow the instructions in the menu to pair your card. Use the 6-digit pin to unlock your wallet. If you lose your key card or phone, you can use your 12-word phrase to gain access to your wallet. Enter your 12-word recovery phrase again. Connect your NFT gallery or start importing/trading cryptocurrency.  

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