Notes

Shrimpy Review 2023: is Shrimpy Exchange legit?

Shrimpy has been taking the crypto market by to the streets and offers numerous features appreciated by traders of all skill levels. This is why in the following Shrimpy Review, we explore what it is?, what shrimpy io rebalancing review can do for you with your trades, and , most importantly, if Shrimpy is legit or not.



So let's get to it.



What exactly is Shrimpy?


It was established in 2018 with its headquarters in San Francisco, Shrimpy is a platform for trading on social networks that lets you manage and rebalance your entire cryptocurrency portfolio from one central place. Originally created as a way to make investing in crypto and asset management more efficient, Shrimpy became one of the most popular social trading platforms in the cryptocurrency space.



One of the main goals of Shrimpy is to streamline the crypto trading process and employ automated trading techniques using exchange APIs. shrimpy io rebalancing review allows traders to manage their crypto portfolios easier , while also reducing the risk they are exposed to.



Since Shrimpy serves as a platform for trading socially, it allows traders to connect and be inspiration from other traders and perform copy trading. Additionally, shrimpy bot review comes as a online platform that uses APIs to aid in the execution of trading strategies across various platforms in one place.



Team Behind Shrimpy


Shrimpy was initially a small project that had a few employees and then grew into a larger enterprise as more became aware of its potential.


The original starting 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 with a bachelor's degree in biomedical engineering as well as Electrical Engineering.


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


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



Highlights of Shrimpy


Shrimpy features some excellent features that let it remain one of the top social trading platforms. Here are few of its 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. The crypto traders can also make an own cryptocurrency index here using the built-in smart indexing tool. If notyet, simply shrimpy crypto bot review from other traders. Furthermore, you can make use of it to keep track of your portfolio's performance.



Portfolio Automation



With the help from dollar-cost averaging and portfolio rebalancing, Shrimpy lets you automate trades to keep risks in check. Traders can select either threshold Rebalancing or periodic rebalancing. You can also back-test these options to determine a better solution.



Social Trading


With Shrimpy's social trading feature Shrimpy traders are able to copy trades from lead traders and improve their chances of profitability. shrimpy crypto review have the option of becoming leading traders and earn profits as more traders adhere to their trading strategies.



Shrimpy Fees


When using the platform, you can choose from three different packages for you to select that comes with different fees.




"Free Account" 1 Portfolio on 1 exchange with daily rebalancing times.


Standard package $19 per Month 5 Portfolios across 5 exchanges that can be rebalanced with custom timeframes.



Plus Package : $49 Per Month Ten Portfolios in 25 exchanges, with rebalancing options that can be customized to suit your needs. time frames.



Shrimpy-Compatible Cryptocurrency Exchanges


In February 2023, Shrimpy offers support for 10 crypto exchanges and 13 wallets. These include,




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


In addition to its outstanding service and its positive feedback from customers, Shrimpy has a good lengthy history in the crypto community. To guarantee shrimpy io rebalancing review of the security protocol, Shrimpy has taken many steps to secure its network.



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



Account Security


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



API Keys


With FIPS 140-2-certified technology, hardware-based security components, and all API keys are secured to provide the maximum possible security for your funds and data.



Cold Storage


With Shrimpy traders, you can also add asset amounts via its cold Storage feature. This lets the app take into account the assets you have in the cold storage, and to make more accurate rebalancing and rebalancing the portfolio.



IP Whitelisting


The feature lets traders may restrict access to your cryptocurrency exchange account, which will block anyone from gaining gain access to the account.



Shrimpy Customer Support


To get in touch with the Shrimpy team, you can utilize the chat feature on the internet and social media platforms or by email.



But, with the help of their extensive knowledge information and self help section, you'll be able to overcome the majority of difficulties you'll come upon while using Shrimpy on your own.



Shrimpy's pros and cons


A thorough understanding of what Shrimpy excels at and the areas it's lacking can help you get a better final solution.


Also, here's a information on the pros and negatives of this platform.



Pros








A simple interface that is easy to learn for beginners.



The demo accounts are available to use and for backtesting.


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


Automated rebalancing and portfolio management for crypto.


There are 13 wallets supported and 10 exchanges as of.


Dollar-cost averaging strategies.



Cons








Insufficient mobile applications.


A very limited , free Version of the software.


Insufficient crypto bot scripting.


There is no trading terminal or crypto signals.



Conclusion


In managing and rebalancing a portfolio is a difficult process if your are a busy trader with many transactions to consider.


For these kinds of situations, a dedicated profile rebalancing software can be a tremendous help.



This is this is where Shrimpy is able to help. With shrimpy api review -cost averaging strategies which can help you effortlessly manage your portfolios and simultaneously serving as a social trading platform. With its encrypted APIs and highly advanced safety measures, you'll no longer need to be concerned about the security of your financial assets. All in all, Shrimpy is a legitimate way to help you manage and balance your portfolios and improve your trading.



FAQs



Is Shrimpy Free?




Yes, there's an option to download a free version Shrimpy available to traders to use. With it, traders can manage a single portfolio on each exchange using daily resets. When you are enrolled in a paid subscription, you can manage multiple portfolios in several exchanges.





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


Yes. The traders who use Shrimpy are able to join its demo account for practice with their trades and trading strategies.






Is Shrimpy Safe To Use?


While it's not restricted, it has a good service record and positive feedback from customers. Furthermore, due to its stringent security processes, you don't have to worry about security of your money.







Website: https://shrimpyreview.weebly.com/