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Shrimpy Review 2023: is the shrimpy exchange real?

Shrimpy has gained popularity in the crypto space by the storm, and is a great platform with a variety of features enjoyed by traders of different skill levels. In shrimpy review following Shrimpy Review, we explore the details of what it's offering, the ways it can help in your trading, as well as if the company is legitimate or not.



Let's get started.



What is Shrimpy?


Created in 2018 and based in San Francisco, Shrimpy is an online trading platform for social media that lets you control and rebalance your entire cryptocurrency portfolio from one central location. Initially, shrimpy io review was designed to make crypto investment and asset administration easier, Shrimpy has grown into one the most popular social trading platforms in the crypto space.



One of the primary goals of Shrimpy is the automation of the process of trading crypto and employ automated trading techniques by means of exchange APIs. This allows traders to manage their crypto portfolios easier while also reducing the risks they're exposed to.



Since Shrimpy also functions as an social trading platform, it allows traders to communicate and get stimulated by others, and do copy trading. Additionally, Shrimpy comes as a web-based platform , and makes use APIs to help execute trading strategies across various platforms from one location.



Team Behind Team Behind


Shrimpy began as a little idea with just a few people and grew into a bigger organization as more of the public were aware of the benefits it offered.


The first of the original members of 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 who holds a Bachelor's in the fields of Biomedical Engineering as well as Electrical Engineering.


Nishant Nayudu Head of InfrastructureA Former software engineer from Amazon and has expertise in large-scale distributed systems.


Sumaya Mehzabin - UI/UX Designer:A Ex-UX/UI Designer of Moxtra and is in charge of the design direction of Shrimpy.



Characteristics of Shrimpy


Shrimpy features some excellent features that allow it to stay one of the best services for trading socially. So, here are a several of the most frequently utilized 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. Crypto traders can also create the crypto-related index of their choice with the built-in Smart Indexing tool. If not, just copy portfolios from other traders. Furthermore, you can make use of it to measure your portfolio's performance.



Portfolio Automation


With the aid of dollar-cost average and portfolio rebalancing, Shrimpy automatizes your trades to reduce risk. The traders are able to pick between threshold resets or periodic rebalancing, and reverse-test the options to determine the most efficient solution.



Social Trading



With the social trading function of Shrimpy, traders can copy trades made by leading traders and increase their likelihood of making money. shrimpy crypto bot review can become leading traders and earn gains as more people follow their trading strategies.



Shrimpy Fees


When using the platform, you can choose from three different packages to choose from, each of which have different costs.




A free account 1 Portfolio on 1 exchange that has daily rebalancing intervals.


Standard Package $19 per Month 5 Portfolios spread across 5 exchanges that can be rebalanced with custom times.


Plus Package $49. Per Month Ten Portfolios in 25 exchanges and with customizable rebalancing times.



Shrimpy-Compatible Cryptocurrency Exchanges


In February 2023, Shrimpy supports 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 One inch


Coinomi


Ellipal


Guarda


Huobi Wallet


Julwallet


Ledger Live


Metamask


Rainbow


SafePal


Spatium


TokenPocket




Unstoppable



Shrimpy Security


With its top-quality service and positive customer reviews, Shrimpy has a good long history within the crypto-community. So, in order to ensure the strength of their security measures, Shrimpy has taken many security measures within its system.



Here are some ways Shrimpy makes sure that client funds are secure and data security.



Account Security


Security measures that conform to industry standards like 2FA as well as strong encryption of passwords using cryptographical hashing, and secure transport layer connections are used in this instance.



API Keys


Utilizing FIPS 140-2 certified Hardware security devices, each of the API keys are secured to provide the best possible security for your funds and data.



Cold Storage


With Shrimpy traders can also input the amounts of assets using the"Cold Storage feature. This allows the program to review your investments in the cold storage unit and perform more accurate rebalancing decisions for the portfolio.



IP Whitelisting


With this option, traders can block access to your cryptocurrency exchange account. This will prevent any unauthorized user access.



Shrimpy Customer Support


To reach out to the Shrimpy team, you can use the online chat feature and social media platforms or email.



With the aid of their extensive knowledge of self-help and knowledge base, you'll be able overcome the majority of issues you'll stumble through while using Shrimpy your own.



Shrimpy's pros and cons


Being aware of what Shrimpy excels in and where it's weak spots will enable you to reach a more informed final solution.


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



Pros








An easy-to-use interface for beginners.


Access to demo accounts as well as backtesting.


Social trading tools to copy strategies of successful traders.


Automated portfolio management and rebalancing.


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


Dollar-cost averaging strategies.



Cons








Lack of a mobile application.


A limited free edition of this platform.


No crypto bot scripting.


Insufficient trading terminals and crypto signals.




Conclusion


In managing and rebalancing a portfolio can be a stressful task for a highly active trader, with a multitude of transactions to look into.



In such cases that a dedicated profile-rebalancing software can be a great help.



This is where Shrimpy is able to help. Through shrimpy bot review -cost-averaging strategies that can assist you to effectively manage your portfolios, while also acting as an exchange for social trading. Furthermore, with shrimpy app review and highly advanced security measures, you won't have to worry about the safety of your funds. After shrimpy crypto bot review , Shrimpy is a legitimate way for you to manage and even balance your portfolios and improve your trades.



FAQs



Is Shrimpy Free?




Yes, there is Shrimpy that is free. Shrimpy available to traders to use. With it, traders are able to manage a single portfolio on any selected exchange with daily Rebalancing. If you choose to sign up to a plan that is paid, you are able to manage multiple portfolios on several exchanges.





Can You Make Use of A Demo Account that has Shrimpy?


Yes. Traders who utilize Shrimpy have the option to enroll in its demo account in order to practice their trades. trading strategies.





Is Shrimpy Safe To Use?


While it's not restricted, it has a outstanding service track record, with favorable feedback from customers. Furthermore, with its strict security procedures, you don't need to be concerned about the safety of your funds.







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