Frequently asked questions

Question 1

What is Petra?

Accepted Answer

Petra is categorized as a self‑custodial software wallet and hot wallet used for accessing the Aptos blockchain, making it possible for users to store coins, tokens, view NFTs, and interact with dApps via browser extension, and mobile.

Question 2

Is Petra safe & legit?

Accepted Answer

Petra offers several security features: private keys and mnemonic phrases are encrypted and stored locally, Petra supports hardware wallet integration, social login options, and offers transaction transparency. Petra is open‑source, independently audited, and maintains a bug bounty/security reporting process.

Question 3

Who created Petra?

Accepted Answer

Petra was built and maintained by Aptos Labs a company co-founded by Avery Ching and Mo Shaikh.

Question 4

Where is Petra's company based?

Accepted Answer

The company behind Petra, Aptos Labs is located in Palo Alto, California, United States.

Question 5

How does Petra work?

Accepted Answer

Petra is available as a browser extension and mobile app. Petra supports account creation/import, local key encryption, hardware wallet integration, and social logins (Google, Apple). Users can buy, swap, earn via one‑click DeFi, stake APT, manage NFTs, and connect to dApps.

Question 6

When was Petra launched?

Accepted Answer

Petra officially launched June 21 2023.

Petra

Tags

DeFi

Form

Storage

Platform

Software

Custody

Source

Security

Recovery

Features

Strengths

Weaknesses