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Shrimpy Review 2023: is the shrimpy exchange real?

Shrimpy has been taking the crypto market by storm and has many features that are loved by traders of all skill levels. So , in this Shrimpy Review, we explore the details of what it's offering, how it will help you in your trading and lastly, whether the company is legitimate or not.



So let's get to it.



What is Shrimpy?


The company was founded in the year 2018 by a group of investors in San Francisco, Shrimpy is an exchange for social trading that lets you control and rebalance the entirety of your crypto portfolio all in one. The idea was originally conceived as a way to make crypto investment and asset administration easier, Shrimpy turned into one the leading social trading platforms in the crypto sector.



One of the principal goals of Shrimpy's is to automate the process of trading with cryptos and to implement automated trading strategies through exchange APIs. shrimpy io review lets traders control their portfolios of crypto much easier while also reducing the risks they're exposed to.



Since Shrimpy serves as a social trading platform making it easier for traders to get stimulated by others and copy trading. In addition, Shrimpy comes as a web-based service and utilizes APIs to help execute trading strategies in different platforms from a single point.




Team Behind Team Behind


Shrimpy started as a small project that had a few employees before it grew into an established company as more individuals were aware of what it could do.


The original members who formed 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 as well as Electrical Engineering.


Nishant Nayudu Head of InfrastructureA previously employed software engineer within Amazon that has experience with large-scale distributed systems.


Sumaya Mehzabin - UI/UX Designer:A past UX/UI Designer with Moxtra and is in charge of the creative direction of Shrimpy.



The Features of Shrimpy


Shrimpy has some solid capabilities that enable it to stay one of the best social trading platforms. So, here's shrimpy review 2023 of the most commonly 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. It also lets crypto traders create their own crypto index through the built-in intelligent indexing tool. If not, just copy other traders' portfolios. Additionally, shrimpy review could use it to analyze your portfolio's performance.



Portfolio Automation


Through the use of dollar-cost averaging and portfolio rebalancing, Shrimpy makes your trades more efficient and helps keep risks in check. The trader is able to select either threshold replenishment or regular rebalancing and back-test these options to determine the most effective solution.



Social Trading


With the social trading feature of Shrimpy, traders can replicate trades and strategies of leading traders and increase their chances of making money. Traders also can become leaders in trading and reap the benefits of more traders following their trading strategies.



Shrimpy Fees


If you use the platform, there are three plans you can choose from that come with different rates.





No-cost Account 1 Portfolio in 1 exchange , with daily rebalancing.


Standard Package $9 per Month Five Portfolios in 5 exchanges, with rebalancing options that are customizable. timeframes.


Plus Package $49 per Month - 10 Portfolios in 25 exchanges. Customized rebalancing intervals.



Shrimpy-Compatible Cryptocurrency Exchanges


As of February 2023, Shrimpy will support the following crypto exchanges: 10 and 13 wallets. They're



Exchanges



Binance


Binance.us


Bittrex


Bittrex Global


Coinbase


Gate.io


Gemini


Huobi Global


Kraken


KuCoin



Wallets



1 inch One inch


Coinomi


Ellipal


Guarda


Huobi Wallet


Julwallet


Ledger Live


Metamask


Rainbow


SafePal


Spatium


TokenPocket


Unstoppable



Shrimpy Security


Offering top-quality services as well as positive reviews from customers, Shrimpy has a good background within the crypto world. Therefore, to be sure of the reliability of Shrimpy's security procedures, Shrimpy has taken many security measures inside its infrastructure.



Below are a few ways Shrimpy will ensure client funds and data security.



Account Security


Security measures that meet industry standards like 2FA as well as strong digitally encrypted passwords, and encrypted transport layer security connections are employed in this case.



API Keys


By using FIPS 140-2 validated physical security systems, the majority of the API keys are encrypted to ensure the best security for your funds and data.



Cold Storage


With Shrimpy traders, you can also input asset amounts through its storage feature. Storage feature. This allows the application to evaluate your assets within the cold storage and allow for an accurate rebalancing portfolio.



IP Whitelisting


By using this feature, traders can limit access to your cryptocurrency exchange account, which will block anyone from gaining or unauthorized access.



Shrimpy Customer Support


To contact the team of the Shrimpy, you can contact us via online chat and social media platforms or even email.



With the aid of their vast knowledge base and self-help sections, you will be able to solve most of the simple problems that you could come upon when using Shrimpy your own.



Shrimpy's pros and cons


An understanding of the things Shrimpy is good at and where it's lacking can help you arrive at a more informed conclusion.


This is why we have compiled a overview of the pros and pros of the platform.




Pros








Easy to use beginner-friendly interface.


Access to demo accounts as well as backtesting.


Social trading tools are used to copy strategies of experienced traders.


Rebalancing and automation of crypto portfolios.


This app supports 10 different exchanges along with 13 wallets to date.


Dollar-cost averaging strategies.



Cons








Lack of a mobile application.


A limited free Version of the software.



Absence of crypto bot scripting.


No trading terminal and crypto signals.



Conclusion


Making sure you are balancing your portfolio can be a difficult job for a trading professional with lots of transactions to examine.


For these kinds of situations that a dedicated profile-rebalancing tools can be a excellent aid.



This is the area where Shrimpy comes in. With its dollar-cost averaging techniques that help effectively manage your portfolios, while also acting as an exchange for social trading. Furthermore, with its secure APIs and extremely sophisticated safety measures, you'll no longer need to be concerned about the security of your money. All things considered Shrimpy provides a legal way to manage and balance you portfolios and increase the value of the way you trade.



FAQs



Is Shrimpy Free?




Yes, there's Shrimpy that is free. shrimpy crypto bot review to traders for use. With it, traders are able to manage one portfolio on any exchange they choose, with daily resets. Once shrimpy bot review 've signed up to the paid plan, you can manage multiple portfolios in multiple exchanges.





Can You Use A Demo Account With Shrimpy?



Yes. Traders using Shrimpy can sign up for a demo account to practice their trades and trading strategies.





Is Shrimpy Safe To Use?


Although it's not legally regulated, it does have a outstanding customer service record with favorable customer reviews. Also, with its meticulous security protocols, you will not have to worry about security of your money.







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