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Shrimpy Review 2023: is the shrimpy exchange real?

Shrimpy has become a crypto-currency explosion and provides a myriad of features adored by traders of all skill levels. In this Shrimpy Review, we explore what it is?, what it can do for you in your trading and of course, whether it's real or not.



So let's take a dive.



What is Shrimpy?


It was established in 2018 and based in San Francisco, Shrimpy is an online trading platform for social media that allows you to manage and balance your entire crypto portfolio in one. Initially, shrimpy api review was to make crypto investment and asset management easier Shrimpy has evolved into one of the most popular social trading platforms in the crypto sector.



One of the primary goals that Shrimpy has is to make it easier to automate the process of trading cryptocurrency and to implement automated trading strategies by using exchange APIs. This lets traders keep track of their investments in crypto much faster while minimizing risk they are exposed to.



Because Shrimpy also acts as a social trading platform, it makes it simpler for traders to exchange information, be motivated by fellow traders and to do copy trading. Additionally, shrimpy review comes as a website-based system that relies on APIs to enable traders to implement trading strategies across various platforms from one location.



Team Behind Shrimpy


Shrimpy was started as a simple project that had a few employees and later grew into a larger company as more individuals became aware of the potential benefits of Shrimpy.


The first members to join the Shrimpy include,



Michael McCarty - Co-founder and CEO:A former software engineer at Samsung and Boeing with a Bachelor's Degree in Bioengineering.



Matthew Wesly - Co-founder and CTO:A former software engineer at KMC Systems and MedAcuity Software with a Bachelor's of Science degree in biomedical engineering and Electrical Engineering.


Nishant Nayudu - Head of Infrastructure:A previous software engineer for Amazon who has experience working with large-scale distributed systems.


Sumaya Mehzabin - - UI/UX DesignerA former UX/UI Designer at Moxtra and is in charge of the creative direction of Shrimpy.



Specifics of Shrimpy


Shrimpy provides a variety of useful functions that make it stay one of the best online trading sites for social media. So, here are shrimpy trading bot review of the most frequently used features.



Portfolio Management


Shrimpy is an excellent portfolio management platform that uses automation and basic risk management strategies of rebalancing and dollar-cost-averaging to manage portfolio risk. Additionally, crypto traders can make individual crypto indexes here using the built-in intelligent indexing tool. If you don't have one, just copy the portfolios of other traders. Also, you can use it to keep track of your portfolio's performance.



Portfolio Automation


With the aid of dollar-cost Averaging and portfolio rebalancing Shrimpy helps you automate your trades and ensure that risks are kept in check. The trader is able to choose between threshold rebalancing or periodic rebalancing and do back-tests to arrive at the best solution.



Social Trading


With the social-trade feature of Shrimpy traders can duplicate trades taken by the lead traders and boost their chances of making money. Traders can also become leads in the trading industry and reap profits as more traders adhere to their strategies.




Shrimpy Fees


When using the platform, there are three plans you can select from which are priced differently.




No-cost Account 1 Portfolio on one exchange with daily rebalancing intervals.


Standard Package $9 per Month 5 Portfolios with 5 exchanges that can be rebalanced with custom periods.


Plus Package $149 per Month Ten Portfolios spread across 25 exchanges and with customizable rebalancing time frames.



Shrimpy-Compatible Cryptocurrency Exchanges


As of February 2023, Shrimpy has support for 10 crypto exchanges as well as 13 wallets. They're,



Exchanges



Binance


Binance.us


Bittrex


Bittrex Global


Coinbase


Gate.io


Gemini


Huobi Global


Kraken


KuCoin



Wallets



1 inch 2 inches


Coinomi




Ellipal


Guarda


Huobi Wallet


Julwallet


Ledger Live


Metamask


Rainbow


SafePal


Spatium


TokenPocket


Unstoppable



Shrimpy Security


With its excellent service as well as positive reviews from customers, Shrimpy has a good tradition in the crypto-community. In order to ensure the safety of their security measures, Shrimpy has taken many security measures inside its infrastructure.



Here are some ways Shrimpy guarantees client funds and data security.



Account Security


Industry-standard security measures such as 2FAor strong cryptographically hashed passwords, and encrypted transport layer security connections are employed in this case.



API Keys


Using FIPS 140-2 validated Hardware security devices, each of the API keys are encrypted to ensure your data is protected to the highest degree. your money and personal data.



Cold Storage


With Shrimpy, traders also can add asset amounts via its Cold Storage feature. This allows the application to analyze your assets in the cold storage unit and perform more accurate rebalancing decisions for the portfolio.



IP Whitelisting


With this feature, the trader are able to restrict access to your bitcoin exchange account. This can prevent any unauthorized gain access to the account.



Shrimpy Customer Support


To contact the Shrimpy team, contact us via online chat as well as social media platforms or even email.



With the aid of their vast knowledge of self-help and knowledge base, you will be able to resolve the majority of the basic questions you'll run upon while using Shrimpy on your own.



Shrimpy's pros and cons


Understanding the things Shrimpy excels in and where it's lacking can help you find a better decision.


Also, here's a list of the pros and pros of the platform.



Pros








A simple interface that is easy to learn for beginners.


There are demo accounts available and backtesting.


Social trading tools for copying strategies of seasoned traders.


Automated rebalancing and portfolio management for crypto.


This app supports 10 different exchanges along with 13 wallets as of now.


Dollar-cost averaging strategies.



Cons








Insufficient mobile applications.


A very limited and free variant of the application.


Absence of crypto bot scripting.


No trading terminal and crypto signals.



Conclusion


Rebalancing and managing your portfolio is a difficult chore if you're a busy trader with many transactions to look into.


Therefore, in these scenarios an appropriate profile rebalancing automation tool can be a useful tool.



This is this is where Shrimpy is able to help. With its dollar-cost averaging techniques this tool can allow you to simplify managing your portfolios while simultaneously serving as a social trading platform. With shrimpy review 2023 , it will not have to worry about the security of your funds. All things considered Shrimpy's a good way to control and balance your portfolios , and also improve your trading.



FAQs



Is Shrimpy Free?




Yes, there is the free version of Shrimpy accessible to traders for use. shrimpy bot review lets traders manage one portfolio on every exchange, and have daily Rebalancing. If you sign up to one of the paid plans, you have the ability to manage multiple portfolios across different exchanges.





Can You Use A Demo Account That Has Shrimpy?


Yes. Traders using Shrimpy can make use of its demo accounts to test their trades as well as trading strategies.





Is Shrimpy Safe To Use?


While it's not regulated, it has a fantastic service history with satisfied customers. With its robust security protocols, you won't have to worry about security of your money.






Website: https://controlc.com/8672cbf3