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Shrimpy Review
With various crypto portfolio management tools on the market, it can be tough to choose the right one for you. Luckily, Shrimpy has emerged as a leading choice amongst crypto traders. And, our team of review experts has spent several hours analyzing to bring you the most up-to-date Shrimpy review.
Shrimpy is a great option for managing crypto portfolios that are held across multiple exchanges. Its portfolio management and automated trading capabilities make it incredibly simple to maintain balance in one place with a comprehensive and user-friendly interface. It is particularly beneficial for beginners interested in copy-trading; however, more experienced traders may find Shrimpy lacking compared to larger trading platforms.
With Shrimpy, cryptocurrency traders gain access to an array of features such as portfolio managing, backtesting strategies, automated rebalancing, data visualization tools, asset discovery, and more. In addition, with the ability to support over 16 major crypto exchanges and constantly add new ones, this tool stands out for its copy trading and social trading capabilities.
In this review, we will discuss the features, fees, security, and customer support offered by Shrimpy. This comprehensive review will help you decide if Shrimpy is the right crypto portfolio management tool. So, let’s dive in!
What is Shrimpy?
Shrimpy is a revolutionary portfolio management website that permits investors and traders to oversee their entire cryptocurrency trading balance across multiple platforms from one convenient location. It was founded in 2018 to simplify asset management for experienced and novice investors.
This intuitive web-based platform is designed to simplify the trading process and manage a cryptocurrency portfolio. It allows users to compare the performance of different assets and track their crypto investments. With Shrimpy, you can design custom indices that span all the connected exchanges and employ an individualized trading approach for each.
With the portfolio manager, crypto traders can effectively arrange their investment portfolio with basic percentages and a clear graph. The allocation of each coin can be adjusted manually or automatically according to market trends just by changing the percentage numbers — and trades will then be carried out for you in real time!
Services of Shrimpy
Shrimpy is a next-generation crypto trading platform offering various services for beginner and advanced traders. As a trader, you don’t have to log in to each exchange to manage your portfolio; you only need one Shrimpy account and can access multiple exchanges from a single place. Moreover, this platform allows you to link all the exchanges to one platform easily.
When it comes to the services offered, Shrimpy offers a complete suite of cryptocurrency trading tools. Besides that, it supports more than 20 crypto exchanges, including KuCoin, Gemini, Coinbase, Binance, Bittrex, Huobi Global, Bibox, FTX, BitMart, and Kraken. With these platforms, you can effortlessly access your entire crypto portfolio and simplify trading.
In addition, Shrimpy offers several wallets, including Unstoppable, Spatium, Rainbow, 1-inch Wallet, Ledger Live, Guarda, and MetaMask. Traders can set up demo accounts to check how all the different Shrimpy features work. With a demo account, you can place stop losses, connect with other traders, follow your favorite cryptocurrency traders, and get personalized trading suggestions.
Shrimpy also offers a social trading tool that allows users to connect with other traders and copy their trading strategies. Through this tool, you can share your portfolio with other traders, follow the market portfolios of others, and keep track of the best-performing portfolios on the platform. Utilizing Shrimpy to synchronize your crypto assets will result in innumerable advantages, and all of our tools are here to illustrate that!
Shrimpy also offers the backtesting feature to study the trading strategies and see the results of the trading strategy you are considering. Moreover, this crypto portfolio management tool allows users to test their strategies in the past before creating a live portfolio and provides precise market data to craft the most reliable strategy profiles available.
By taking advantage of the automated trading feature, crypto traders can optimize their profiles and set up a reliable rebalancing strategy to reduce risk and maximize returns. This portfolio management has been trusted by institutional investors for decades and is now available to individual traders.
Benefits for Shrimpy Users
Shrimpy is the perfect choice for traders who want to realize their full profit potential in this complex and ever-changing crypto market. It provides a straightforward way to design a portfolio tailored to your individual needs, allowing you to make the most of your investments.
The platform offers a wide range of services backed by powerful technology, making it a must-have for traders looking to stay ahead of the curve. With Shrimpy, you can easily manage your crypto portfolio, track market trends, and analyze the performance of different coins.
Furthermore, Shrimpy simplifies trading by linking your cryptocurrency accounts to different exchanges and combining it with its social trading tool. This platform can help you become a more effective trader while staying up-to-date about what is happening in the market. You even have the chance to take advantage of successful traders’ strategies through its social trading feature!
This is the only platform that provides a complete selection of tools and features to make cryptocurrency trading straightforward. Plus, the social-trading property gives it an extra edge compared to its competitors; here, you can practice and learn while experimenting on demo accounts!
Moreover, the UX of the Shrimpy website is quite easy to navigate through its well-designed interface. By clicking one button and filling in simple information, you can easily create an account with Shrimpy. On top of that, it has a comprehensive blog and academy to help users become proficient in blockchain technology and crypto trading. To make things even better for beginners, the platform is designed with user-friendliness as its core focus!
Shrimpy Pros and Cons
Pros
- Offer the best features to focus on portfolio management
- Easy-to-use interface
- Integrates with multiple exchanges and platforms
- Backtesting feature to see the performance of the trading strategy
- Social trading capability to connect with other traders
- Traders can copy profitable trade traders and copy their strategies
Cons
- No trading terminal or crypto signals
- It doesn’t offer trading bot scripting
- No free plans for beginner crypto traders
- No live chat support
Shrimpy Ratings
Overall Rating |
Services |
Pricing |
Customer Service |
User Benefits |
User Experience |
Shrimpy Customer Reviews
While reviewing Shrimpy, customers have given this platform very positive reviews as it has been around for a few years now and has several satisfied customers. In addition, many traders praised the platform for its user-friendly interface and features, making managing their portfolios easier.
Many customers have also highlighted the copy trading feature of Shrimpy as it allows them to model their portfolio on more successful traders. Experienced traders have also lauded the backtesting feature as it helps them see how their strategies would have performed had they been in place.
However, some crypto traders have complained that this tool could be more friendly for newbies and that they should have training for people who are just starting. Overall, though, Shrimpy has received a lot of positive feedback from its users.
Shrimpy Pricing & Fees
Shrimpy offers three different plans on both a monthly and annual basis.
Zero Account
It is a free account that offers the following services:
- Unlimited trade spots
- Has 20 min refresh time
- No API access
- 3 backtest per day
- Provide just 1 exchange, and limited alpha traders are also limited to 1 per day trading
Standard Account
This account offers trading services at 19$ per month and 180$ per year. It offers the following services in this account:
- Provides unlimited spot trades
- Provide 5 number of exchanges and follow up to 5 alpha traders
- It has 15 minutes balance refresh time
- Offers 25 backtests per day
- No API access
Plus
This account is perfect for experienced traders. Users can buy this account for 49$ per month and 470$ per year. It offers quick and customizable services with API access. This account is most suitable for enterprise-level traders and investors, as it offers the following services:
- Unlimited spot trades
- Provide 25 exchanges and follow up to 10 alpha traders
- Offers 100 backtests per day
- Rebalance periods are customizable
- It has 10 min of balance refresh time
How To Open Your Account?
It’s quick, simple, and stress-free to open an account on Shrimpy! All you need is your email address – that’s it. Here is a step-by-step guide to opening an account on Shrimpy:
- Go to the Shrimpy website and click on ‘Sign-up.’
- In the next window, add your details, including your name, email, password, and referral code (if any)
- Check on the ‘terms of services and ‘privacy policy
- After that, Shrimpy will send a verification code to your email
- Click on that link to complete the registration process and log in to start trading
Shrimpy Supported Exchanges
Shrimpy supports almost 16 leading crypto exchanges, and with a free account, you can link to unlimited exchanges. Below are the exchanges supported by the Shrimpy:
- KuCoin
- Gemini
- HitBTC
- Coinbase Pro
- Bibox
- Bittrex
- Bittrex Global
- Binance
- Binance US
- BitMart
- OKEX
- Poloniex
- Bitfinex
- Kraken
- Bittamp
- Huobi
Shrimpy offers a limitless amount of exchange API keys that can easily be connected with just one click. No matter the exchange you transact on, rest assured that with this platform, you can link any exchange account. Whether you have one Binance account or ten for each exchange you work with, Shrimpy is designed to meet your exact needs.
Shrimpy Customer Support
If you have queries, Shrimpy has a help section on its website to answer your general questions. In addition, for more in-depth inquiries, their Youtube page, Discord, and Reddit community support are available as well. Finally, for those who require further assistance from the company, contact them via email (support@shrimpy.io) or Twitter – they guarantee an efficient response within 24 hours!
Despite the lack of customer service through phone support, Shrimpy provides abundant resources to help you get started on your cryptocurrency journey. The ‘Learn’ section alone can provide all the tools necessary for managing a portfolio easily, and even more, helpful insights are available from the Shrimpy team.
Shrimpy Security
Shrimpy ensures that customer personal information is kept safe by requiring two-factor authentication and API encryption when signing up. This helps to protect accounts from potential cyber threats such as hacks, phishing attacks, and other malicious activities.
Not to mention, Shrimpy encrypts any exchange API keys in use. Thus, avoiding data interception or breach of any kind. In addition to its secure access with developer APIs for users withdrawing funds, it also fortifies the security proceedings by having an official website protected by HTTPS (SSL). As a result, each user is securely protected from malicious elements online.
The platform’s sole capability is trading and data reading, preventing anyone from stealing funds.
Shrimpy Vs Other Brokers
Here is an in-depth analysis of Shrimpy with other brokers.
#1. Shrimpy vs. Coinbase
When compared to Coinbase, it came to know that Shrimpy needs some important features despite having good visuals. On the other hand, Coinbase is a suitable broker for crypto activities due to the presence of an easy-to-use interface with interactive design. In addition, Coinbase brings several opportunities and regular updates with high-security services for users.
Through the Coinbase wallet, users can exchange, sell, buy, and store multiple currencies. Users can also receive customized alerts and earn interest through the Coinbase wallet. However, Shrimpy is a cryptocurrency broker offering centralized services to manage a complete crypto trading portfolio. With this platform, traders can link with other wallets easily.
While trading on Shrimpy, there is no need to track everything as it can track and monitor the overall performance of the whole crypto market. Both brokers are reliable, but Coinbase is more suitable for rapid growth and monetization.
#2. Shrimpy vs. Binance
Binance is a cryptocurrency-based trading platform that provides modern solutions for business exchange. Another thing that makes Binance perfect for crypto exchange is its highly regulated and secured services.
When compared with Shrimpy, it is observed that Binance has multiple choices for users to pick data, tables, or accounts of their choice. It also supports fast transactions and currency transfer services directly to accounts.
The downside of using Coinbase is the need to log in every time because of security concerns. However, traders will never face any financial security issues with Shrimpy. It brings strong visuals with automatic trading and copy trading. Feel free to connect multiple accounts through Shrimpy. The only limitation is it doesn’t have a mobile app.
If you want to use a broker with advanced financial security, Shrimpy is best for you. But if you want to exchange cryptocurrencies on mobile, Binance is also good.
#3. Shrimpy vs. Bit2Me
Bit2Me is also an amazing cryptocurrency platform that allows trading in over 50 languages. Through this broker, users can avail of reliable customer care services 24/7 across Spain. In addition, it offers cloud-based cryptocurrency exchange services through active dashboards.
Shrimpy is a centralized social trading platform for crypto trading. It allows users to manage assets other than cryptos. However, it needs digital asset management, alerts, data security, and reliable API.
But if users opt for Bit2Me, it brings active alerts, data security, API, digital assets management, crypto storage, and exchange. Both brokers are reliable for crypto trading, but Bit2Me is more authentic due to its encrypted security.
Conclusion: Shirmpy Review
Shrimpy is one of the most user-friendly platforms for managing cryptocurrency portfolios. It eliminates the need to manually check your multiple portfolios every time or sign into multiple exchanges- it’s a total timesaver.
Moreover, its manual and automatic coin allocation features provide you with an effortless solution for effortlessly adjusting your portfolio allocations and exposure; all you have to do is take a couple of minutes to set up Shrimpy, then let it rebalance your assets automatically!
The cryptocurrency trading tools available on the platform are excellent, even in the free version. It will be great to see more cryptocurrency trading exchanges added and new and exciting features released.
As a crypto trader, you can even invest a bit of your portfolio in copying the investment strategy of well-renowned crypto traders on this platform. We are impressed with Shrimpy and feel it is an excellent opportunity not to be missed!
Shrimpy FAQs
Is Shrimpy trustworthy?
Shrimpy offers a reliable and secure platform for both seasoned and novice traders. Its advanced technology, intuitive user interface, real-time metrics, and charting features are easy to use and make it a great alternative to other crypto trading platforms.
Moreover, Shrimpy takes your security and privacy seriously by encrypting and validating your data with API keys. They also offer a two-factor authentication process to keep your account secure.
Are trading bots legal?
Yes, trading bots are legal for crypto trading. However, it is important to understand the local regulations regarding trading bots before using one on an exchange.
What is Shrimpy used for?
With Shrimpy, you can easily optimize your trading portfolios and generate tailored bots. Furthermore, its API key allows you to create custom indexes and improve profit margins. It also offers a range of options to track and analyze your performance with real-time metrics, charting features, and more.
