Pricing
The standard plan is $19 per month
The Plus plan is $49 per month
Platform
website
Pros
- Beginner friendly
- The version is available for free and has many features.
- Social trading is available.
- Different price categories with assistance for businesses at the enterprise level.
- Automatic portfolio rebalancing
- Portfolio management
Cons
- No crypto signals
- No trading bot scripting support
Customer Service
Website, YouTube, Discord, Reddit, email, or Twitter
Shrimpy Review
Shrimpy can easily enhance income while reducing risks. Many customers regard Shrimpy as a pioneer in providing such features. It assists both new and seasoned traders in locating the greatest trading chances. While it allows users to trade and sell cryptocurrencies, it is not investing advice.
About Shrimpy
Shrimpy is a potent cryptocurrency trading bot that focuses on social trading, automated portfolio management, and long-term portfolio growth.
The Shrimpy team, which was founded in 2018, has developed a platform that enables you to replicate the trading methods of the top traders in the market and grow your cryptocurrency portfolio automatically.
Who Should Use?
For newcomers to the world of cryptocurrency trading, Shrimpy is one of the best options.
Is Shrimpy Safe?
Shrimpy verifies and safeguards all the data using encryption and application programming interface (API) keys. The business provides 2-factor authentication processes for account access.
Shrimpy Platform & Features
Shrimpy.io is the industry leader in portfolio rebalancing because of its clear and simple user interface, excellent support, and new features. They provide a variety of features that set it apart from its competition. Here are some of Shrimpy’s great features:
Automation
Instead of logging in and out of a plethora of exchanges, Shrimpy can handle the heavy lifting with its three primary automation features:
- Asset Allocation
Allows someone to build their cryptocurrency portfolio by deciding the assets and allocations users want to use.
- Rebalancing
Recurring portfolio rebalancing following their cryptocurrency trading approach.
- Backtest
Backtest five years’ worth of thorough historical data from several exchanges.
More automation features: Portfolio Stop Loss, Threshold Rebalancing, Spread/Slippage Control, Fee Optimization with Maker Trades
Copy Trading
Users of the Shrimpy platform would be able to duplicate trades made by other users and employ those tactics themselves through copy trading. This would also enable you to start trading virtual currencies alongside some of the best traders on the market using the same portfolio that they do.
More trading features: Trend Analysis, Asset-Trade History, Exchange Price Comparison
Social Portfolio Management
Shrimpy enables cryptocurrency investors to take advantage of social portfolios by following influential traders, debating various tactics, and automating their portfolios. They concentrate on managing portfolios through straightforward automation of processes including rebalancing, dollar-cost averaging, and stopping.
Backtesting
Creating unique trading portfolios and tactics without any guidance reduces their performance. That is why the software allows users to change it and generate the final budget allocation. Furthermore, its backtesting tool allows for strategy testing or indexing using earlier market data. As a result, the tool evaluates how the approach may have performed in previous market conditions.
Ease of Use
It’s a trading bot that has a simple and basic user interface. Even for beginners, the web-based application is attractive to look at and simple to use. The instrument is easy to set up, and users can use features like spread and slippage with ease. Its portfolio management applications make it easy to manage digital assets. It even provides crypto trading bots to assist customers in developing a sound cryptocurrency trading strategy.
Shrimpy Pricing
Shrimpy.io offers a variety of pricing options. The Standard connects to 5 exchanges, automates 5 accounts, costs $19 per month for spot trading, and employs a 15-minute refresh.
The Plus plan, which connects to 25 exchanges, has 5-minute refresh choices, is $49 per month, automates 10 accounts, and offers free optimization and rebalancing. Futures trading will soon be a part of this strategy.
How to Open an Account?
Shrimpy gives their customers the option to link their accounts to 17 other popular exchanges at once, including Binance, Kucoin, Coinbase Pro, and 17. Shrimpy allows you to quickly build an automated trading strategy, duplicate strategies from highlighted leaders, and monitor the profitability of a portfolio over time. Here are the steps on how to open a Shrimpy account:
- Visit Shrimpy’s official website.
- Look through the “Get Started” menu.
- Now a window will appear similar to this.
- Enter information like your name, email, password, etc.
- Enter a referral code if you have one.
- Fill out the reCAPTCHA.
- Select the “Sign Up” option.
- The website will deliver a verification code to the provided email address.
- Go through the mail and finish the registration process.
In Conclusion
Shrimpy is a new class of cryptocurrency solutions that are improving the entire ecosystem and assisting both new and seasoned traders in managing their accounts. Rebalancing is even more effective and is completely compatible with the more cautious trading mentality, even though holding is a fantastic approach for those who are not skilled at day trading.
Shrimpy Review Overall
Shrimpy is a versatile and beginner-friendly cryptocurrency trading bot, ideal for those looking to automate their portfolio management and engage in social trading. With a range of features including automatic rebalancing and various pricing options, Shrimpy caters to both new and seasoned traders. However, it lacks crypto signals and bot scripting support, which may be a drawback for more advanced users. Overall, Shrimpy is a strong choice for those focused on long-term portfolio growth with minimal hands-on management.
Pros
- Beginner-friendly with a free version offering many features.
- Social trading and automatic portfolio rebalancing available.
- Different pricing tiers with support for enterprise-level businesses.
Cons
- No crypto signals provided.
- No support for trading bot scripting.
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