What is Arculus wallet?
Designed to provide cold storage for cryptocurrencies and NFTs, the Arculus wallet is a robust hardware wallet, ensuring greater security. Combining a sleek metal card with a mobile application, the wallet delivers a secure and intuitive copyright management system. It leverages Near Field Communication or NFC technology to ensure that your private keys remain offline. This helps in protecting your wallet and the digital assets that it stores from any potential online threat. This is a highly user-friendly wallet that enhances security and usability.
Key features of Arculus wallet
Arculus wallet comes with a range of state-of-the-art features.
1. Three-factor authentication (3FA)
With a greater stress on the aspect of security, Arculus wallet employs a robust three-factor authentication system which comes with a biometric lock, a 6-digit PIN and an Arculus key card. With biometric verification, you cannot gain access to your wallet. Your wallet requires either fingerprint, or facial recognition to ensure access.
Besides, with a personal 6-digit PIN, enhanced security is added. This PIN can be set during the initial configuration of the wallet. Finally, the physical metal card is the final authentication factor, as you can only authorize your transactions by tapping the card on your NFC-enabled smartphone. Only someone who has physical access to your card will be able to approve any operations in Arculus.
2. Cold storage security
The secure element of the metal card stores your private keys offline, meaning that, unlike hot wallets, there is no need to remain connected to the internet. You are at a greater risk of hacking or any other cyber threat, when you are always connected to the internet. However, with the cold offline storage of the wallet, you can easily ensure higher levels of security for your digital assets.
3. Multi-currency and NFT support
If you deal in a wide variety of cryptocurrencies, you will not have any kind of issues in managing them with Arculus. The wallet has been designed to support multiple kinds of cryptocurrencies, and various other ERC-20 tokens as well, making it a versatile choice.
Besides, the use of this wallet ensures that you can integrate with different Web3 applications, supporting the storage and management of NFTs as well. You can view, share and store all your digital collectibles with ease, using the wallet, which is a versatile and robust solution.
4. User-friendly interface
Available for all kinds of devices, the wallet boasts an intuitive and simple interface. The management of your copyright portfolio is simplified significantly with the help of this wallet, which has been designed for versatility and enhanced security. You also get features like real-time balance updates, transaction history, and seamless navigation as well.
5. Backup and recovery
When you embark on the initial setup of the wallet, you will get a 12- to 24-word recovery phrase, which is also known as the seed phrase. When it comes to backup and recovery of your device, this seed phrase is all you need to have.
In case, you damage your card or lose it, your seed phrase becomes extremely important for a smooth and seamless recovery of your device. You can only restore your wallet using the seed phrase, as it is the sole backup you have. Storing the seed phrase in a secure location is strongly recommended!
How to set up and use Arculus wallet?
- Purchase the key card: From the official website or from an authorized retailer acquire the wallet.
- Download the Arculus app: From the app store or play store on your NFC-enabled smartphone, download the app.
- Pair the key card: Follow the on-screen instructions after opening the app and pair it with the key card via NFC.
- Set up security features: Configure the biometric lock and set the PIN.
- Generate and store recovery phrase: Write down the seed phrase and store it in a secure offline location.
- Manage your assets: Start sending, receiving, and managing your cryptocurrencies and NFTs.
Advantages of using Arculus wallet
- Enhanced security: You get a combination of cold storage and 3FA, which makes this one of the most secure wallets. You get security against online and physical threats.
- Portability: The card has a sleek design, allowing it to be carried with ease in a wallet or a purse.
- Simplicity: You don’t need any cables or complex setups; the NFC technology of your device got you covered.
- Comprehensive asset management: Arculus supports multiple cryptocurrencies and NFTs, ensuring that you are able to manage diverse digital assets from one single and integrated platform.
Key considerations
Despite the many benefits of the wallet, there are certain drawbacks that you must know about. The two main drawbacks include:
- Limited copyright support: Even though, this wallet comes with multi-currency support, it currently supports only a limited selection of cryptocurrencies only. Before purchasing it, you must make sure that the digital asset you wish to store and manage is compatible with it or not!
- Recovery phrase responsibility: The recovery or seed phrase has an important role to play in recovery and backup and therefore, its management and security is extremely crucial. If you lose this phrase, you might lose access to your funds and digital assets.
Conclusion
The Arculus wallet is a secure and user-friendly hardware wallet that helps you to manage your digital assets, namely cryptocurrencies and NFTs better. The wallet makes use of the NFT technology and is laden with robust security measures, which offers you with a comprehensive solution, when it comes to digital asset management. Besides, you get the feature of cold storage, which further enhances the levels of security associated with it. You can easily bridge the gap between advanced protection and regular usability with Arculus.