In today’s article, Shrimpy Review, we will demonstrate one of the leading automated crypto trading platforms and explain its features and capabilities.
Imagine having two, three, or even four exchanges; it’s going to be hard to keep up with all the changes in the crypto market. Connecting your exchange in one place that allows you to trade and even automate your trades would be very efficient.
Shrimpy has a lot of advantages to offer you, such as trading bots, social trading, backtesting, and much more, which we will discuss in this article.
Table of Contents
About Shrimpy.
Shrimpy is building a unified portal for the cryptocurrency market. The platform aims to connect customers to every custody solution and liquidity provider to enable seamless portfolio management. Simply connect all your exchange accounts, automate your crypto trades, and then track your cryptocurrency for the long term.
Unfortunately, Shrimpy stopped working!
We have a list of the best-automated trading bots! Check it out and find an alternative.
Shrimpy Comparison and Alternatives Options.
There are many alternatives for Shrimpy that you can choose from. Make sure to choose the platform that suits you and your needs. In the following part, we listed the best alternatives for Shrimpy, we highly recommend reading each article in order to get that full view of the platforms.
All-in-one trading platform for your Bitcoins and other Cryptocurrencies. Trading, Portfolio, Arbitrage, Signals, Demo, and Bots.
Manage all your exchange accounts, use market-making and exchange/market arbitrage, and simulate or backtest your trading.
Smart tools for cryptocurrency investors to minimize risks, limit losses and grow profit across multiple exchanges.
Dealerify serves as a multi-functional tool for Trading, Copy Trading, and Auto Trading, specifically designed to foster the growth of the social trading industry within the cryptocurrency realm. Their primary objective is to support traders operating in the captivating world of digital currencies by offering a wide range of diverse and appealing services.
Pionex is one of the world’s 1st exchange platforms with 18 Free trading bots. Users can automate their trading 24/7 without always checking the markets.
Shrimpy Features.
In the following part of our Shrimpy review, we will point out and explain the platforms’ features.
Automate Trading.
Optimize your portfolio by automating a strategy that has been trusted by institutions for decades to reduce risk and improve performance.
Backtest Strategies.
Study trading strategies with Shrimpy’s advanced portfolio backtesting. Furthermore, use their comprehensive set of precise market data to construct the most accurate strategy profiles in the market.
Connect Accounts.
Shrimpy is the one place where you can connect all your wallets and exchanges. As a result, manage your entire portfolio through a single portal and monitor the market in real time.
Manage Portfolios.
Manage all of your crypto portfolios in one place, create dynamic indexes that track the DeFi market or other asset types, and set portfolio stop-losses.
Track Performance.
No matter your experience with cryptocurrency, Shrimpy can help you build a portfolio strategy, track performance, and monitor the market.
Copy Top Traders
Copy strategies from the world’s best traders or imitate the portfolios of investment funds like Coinbase Ventures, Blockchain Capital, or Binance Labs. Therefore, you will get the same results as expert traders.
FAQ.
Is Shrimpy safe?
The short answer is yes, but why? Shrimpy was mainly built with your security in mind. As a result, every API key is securely encrypted and stored using FIPS 140-2 validated hardware security modules (HSMs) in order to protect the confidentiality and integrity of your exchange API.
How much does Shrimpy cost?
At Shrimpy, there are monthly and annual plans. Firstly, the monthly plans start at $19 for the “Starter” plan, $79 for the “Professional” plan, and $299 for the “Enterprise” plan. You can also learn more about the plans in the image below.
And going with the annual plans will save you %20, which sounds like a good deal considering the features that the platform provides. Annual plans start at $15/mo, $63/mo, and $299/mo. More information in the image below.
Is Shrimpy easy to use?
During our Shrimpy review, we found the platform very user-friendly with a simple interface. You will get used to Shrimpy the first time using it.
What exchanges does Shrimpy support?
Shrimpy supports 30+ of the top exchanges and wallets. The list includes Binance, Binance.us, Bitfinex, Metamask, SafePal, and more. For further information check the list here.
Starting with Shrimpy.
In the following part of this Shrimpy review, we will explain to you how to get started with Shrimpy. The process was easy and it only takes a few minutes.
Sign up.
Firstly, head to Shrimpy’s main page and click on “Sign up”. After that, enter the required information to complete your registration.
Verify Your Account.
After submitting your information, check your email inbox for a verification link from Shrimpy’s team. Once you open that link, you can Sign in with your account.
Connect Your Exchange.
Once you sign in, you can connect your wallet or exchange. We will connect an exchange in order to get the advantages of automated trading and more.
Firstly, choose your exchange such as Binance, Kucoin, and more exchanges that Shrimpy supports.
Following that, you can enter your API key and API secret which you can generate on your exchange platform.
Create Your First Bot.
To create your first bot, on your dashboard click on “Automation”. After that, click on the “+” icon on the top right. Then, you can choose your preferred mode, either you can pick assets or create an index.
After that, you can edit your bot’s parameters or backtest it.
Social Trading.
Shrimpy allows you to copy expert traders; therefore, you will get the same profit as them. Firstly, click on “Social” on the left menu, then you will all the available traders. Once you click on any of them, you can view their previous performance or subscribe to them.
Conclusion.
In conclusion, Shrimpy is a great tool for crypto traders, especially novice traders. On Shrimpy, you can connect all your exchange platforms in one place, and you get access to profitable trading bots. Also, social trading can be very profitable and helpful. However, there are a few things that we didn’t like about Shrimpy, more in the pros and cons.
Pros.
- Social trading;
- Supports big exchanges;
- Simple and easy to use.
Cons.
- No free plan.
Finally, we would love to know your thoughts on this Shrimpy review in the comments sections below. Make sure to share them with us and we will be replying to you.
