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Shrimpy Review 2023: is Shrimpy's exchange genuine?

Shrimpy has revolutionized the cryptocurrency market massive storm and is appreciated by traders of all skill levels. So , in this Shrimpy Review, we explore what it's all about, how it can assist you with your trades, and then, of course, whether the company is legitimate or not.



Let's begin.



What exactly is Shrimpy?


Created in 2018 and based in San Francisco, Shrimpy is a platform for trading on social networks which lets you manage and balance your entire crypto portfolio from one location. Initially, the idea was to make crypto investment and asset management a lot easier, Shrimpy quickly became one the most prominent social trading platforms in the cryptocurrency market.



One of the primary goals of Shrimpy is to automate the process of trading on crypto and utilize automated trading strategies by using exchange APIs. Thus, shrimpy io rebalancing review can oversee their investment portfolios in cryptocurrency faster while minimizing risk that they have to take.



Because Shrimpy serves as an online platform for social trading, making it easier for traders to share information and to be impressed by similar traders and even copy trade. In addition, Shrimpy comes as a web-based application that makes use of APIs to facilitate the execution of trading strategies across multiple platforms from one central location.



Team Behind Team Behind


Shrimpy was initially a small project that was run by a few employees and quickly grew into a large operation as more people realized the potential benefits of Shrimpy.


The original members who formed the Shrimpy are,



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 and Electrical Engineering.


Nishant Nayudu Head of InfrastructureA ex-software engineer with Amazon who has experience working with large-scale distributed systems.


Sumaya Mehzabin User Interface Designer:A Former UX/UI designer at Moxtra and is in charge of handling the creative direction for Shrimpy.



Features of Shrimpy


Shrimpy is a great platform with a lot of features that let it remain one of the top services for trading socially. So, here are shrimpy 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. Crypto traders also can create one's own crypto index making use of the built-in smart indexing tool. If not, you can copy the portfolios of other traders. Additionally, shrimpy crypto review could use it to keep track of your portfolio's performance.



Portfolio Automation


Utilizing dollar cost average and portfolio rebalancing, Shrimpy automatizes your trades to reduce risk. shrimpy io rebalancing review have the freedom to choose between threshold-based balance or regular rebalancing, as well as reverse-test the options to determine the most suitable solution.



Social Trading


With the social trading feature of Shrimpy, traders can copy trades from leading traders and raise their chances of making money. Traders also have the option of becoming the lead traders and earn advantages as more traders adopt their strategies.



Shrimpy Fees


When you sign up for the platform there are three plans that you can pick from and each come with different rates.




A free account 1 Portfolio on one exchange with daily rebalancing intervals.



Standard Package $29 per Month 5 Portfolios on 5 exchanges, with rebalancing options that are customizable. timeframes.


Plus Pack $49 per Month 10 Portfolios available in 25 exchanges. Adjustable rebalancing time frames.



Shrimpy-Compatible Cryptocurrency Exchanges


As of February 2023 Shrimpy is now able to support one crypto exchange and thirteen wallets. These include,



Exchanges



Binance


Binance.us


Bittrex



Bittrex Global



Coinbase


Gate.io


Gemini


Huobi Global


Kraken


KuCoin



Wallets



1inch 1-inch


Coinomi


Ellipal


Guarda


Huobi Wallet


Julwallet


Ledger Live


Metamask


Rainbow


SafePal


Spatium


TokenPocket


Unstoppable



Shrimpy Security


Offering top-quality services and positive reviews from customers, Shrimpy has a good history in the crypto community. To guarantee shrimpy review 2023 of its protocols to protect itself, Shrimpy has taken many steps to secure its network.



Here are some ways Shrimpy helps protect client funds and data security.



Account Security


Security measures for accounts that are consistent with industry standards like 2FA, secure cryptographically hashed passwords, and secure transport layer connections are employed in this case.



API Keys


Using FIPS 140-2 certified secure hardware, all of the API keys are encrypted to ensure the best security for your data and funds.



Cold Storage


With Shrimpy traders also have the ability to enter asset values using its cold Storage feature. This lets the app examine your assets stored within the cold storage and allow for an accurate rebalancing portfolio.



IP Whitelisting


By using this feature, traders are able limit access to their cryptocurrency exchange account, preventing any unauthorized use of your account.



Shrimpy Customer Support



To contact the Shrimpy team, use our chat online feature along with social media platforms or by email.



However, with the help of their vast knowledge of self-help and knowledge base, you'll be able get the most simple issues you'll come with using the program on your own.



Shrimpy's pros and cons


Knowing the things Shrimpy excels at as well as what it is lacking will allow you to determine a better final solution.


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



Pros








The interface is simple to use for beginners.


There are demo accounts available and backtesting.


Social trading tools that copy strategies used by experienced traders.


Rebalancing and automation of crypto portfolios.


It supports 10 wallets, 13 exchanges, and 10 wallets currently.


Dollar-cost averaging strategies.



Cons








It is not possible to create a mobile application.


A very limited , free model of the website.


A lack of crypto bot scripting.


Deficit of trading terminals as well as crypto signals.



Conclusion


Rebalancing and managing your portfolio is a difficult task if you are a multi-tasker with lots of trades to look into.


For these kinds of situations in such situations, a dedicated profile rebalancing automated tool is a excellent aid.



This is the area where Shrimpy is able to help. With shrimpy review averaging methods this tool can allow you to simplify managing your portfolios while serving as an exchange for social trading. With its encrypted APIs and advanced security , you'll not have to worry about the security of your finances. With all things considered, Shrimpy's a good way to organize and balance your portfolios , and also improve the quality of your trades.



FAQs



Is Shrimpy Free?





There is an absolutely free version of Shrimpy that traders can utilize. The program lets traders manage a single portfolio for the exchange of their choice with daily balance rebalancing. Once you've signed up to a plan that is paid, you can manage multiple portfolios over various exchanges.





Can You Create A Demo Account that has Shrimpy?


Yes. Traders who utilize Shrimpy have the option to make use of its demo accounts to test their trades as well as trading strategies.





Is Shrimpy Safe To Use?


Although it's not licensed, it has an outstanding customer service record with favorable feedback from customers. Furthermore, with its strict security policies, you don't be worried about the security of your money.







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