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Shrimpy Review 2023 Review: Is Shrimpy Exchange legit?
Shrimpy has made waves in the crypto industry by storm , and comes with a wealth of attributes that are loved by traders at all skill levels. So , in the following Shrimpy Review, we explore the details of what it's offering, how it can help you in your trading and , most importantly, if Shrimpy is legit or not.


Let's take a dive.



What is Shrimpy?



The company was founded in 2018 in San Francisco, Shrimpy is an online trading platform for social media that lets you manage and balance your entire crypto portfolio at one time. Initially, the idea was to make crypto investment as well as asset management more manageable, Shrimpy has evolved into one of the top social trading platforms in the crypto industry.


shrimpy crypto review of the principal goals that Shrimpy has is to automate the process of trading crypto as well as implement automated trading strategies by means of exchange APIs.


This allows traders to run their digital portfolio better while minimizing the dangers they may face.


Because Shrimpy can also function as the social trading platform, it helps traders to meet and be motivated by fellow traders, as well as do copy trading. Additionally, Shrimpy comes as a web-based platform that utilizes APIs to allow traders to execute trading strategies for different platforms from one central location.



Team Behind Shrimpy



Shrimpy began as a modest initiative with only a handful of staff members and grew into a bigger enterprise as more were aware of what it could do.


The founding members of the Shrimpy are




Michael McCarty - Co-founder and CEO




An engineer who worked as a software engineer for Samsung as well as Boeing with a bachelor's degree in Bioengineering.




Matthew Wesly - Co-founder and CTO




A former software engineer who worked for KMC Systems and MedAcuity Software with a bachelor's degree the fields of Biomedical Engineering and Electrical Engineering.



Nishant Nayudu - Head of Infrastructure



A former software engineer at Amazon that has experience working on large-scale distributed systems.



Sumaya Mehzabin - UI/UX Designer



An earlier UX/UI Designer from Moxtra and is in charge of handling the direction of creativity for Shrimpy.



Features of Shrimpy



Shrimpy provides a variety of useful functions that allow it remain among the top online trading sites for social media. In this article, we will highlight some of the most frequently used features.




shrimpy review reddit 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 individual crypto indexes by using the built-in intelligent indexing tool. If notyet, simply copy portfolios from other traders. Furthermore, shrimpy trading bot review can make use of it to track your portfolio performance.




Portfolio Automation




With the help of dollar-cost analyzing and portfolio rebalancing Shrimpy makes your trades more efficient and helps ensure that risks are kept in check. The trader is able to choose between threshold-based rebalancing or periodic rebalancing and reverse-test the options to come up with an optimal solution.




Social Trading




With the social trading features of Shrimpy traders are able to copy trades and strategies from the lead traders and raise their chances of profits. Traders also have the option of becoming leaders in trading and reap rewards when more traders implement their trading strategies.



Shrimpy Fees



On the platform, you can choose from three different packages you can choose from that are priced differently.



FREE Account 1 Portfolio on 1 exchange , with daily rebalancing times.


shrimpy trading bot review per Month - 5 Portfolios in 5 exchanges that can be rebalanced with custom timeframes.


Plus Package $149 per Month - 10 Portfolios in 25 exchanges. Customized rebalancing intervals.




Shrimpy-Compatible Cryptocurrency Exchanges



As of February 2023 Shrimpy provides support for an exchange of 10 cryptos and 13 wallets. These include,



Exchanges




Binance


Binance.us


Bittrex


Bittrex Global


Coinbase


Gate.io


Gemini


Huobi Global


Kraken


KuCoin




Wallets




1inch Wallet


Coinomi


Ellipal


Guarda


Huobi Wallet


Julwallet


Ledger Live


Metamask


Rainbow


SafePal


Spatium


TokenPocket


Unstoppable




Shrimpy Security



With its superior service as well as positive reviews from customers, Shrimpy has a good long track record within the crypto-community. In order to guarantee the security of their security measures, Shrimpy has taken many security measures within its infrastructure.


Below are a few of the ways Shrimpy helps protect client funds and data security.




Account Security




Industry standards account security measures like 2FA, secure encryption using cryptographically-hash passwords, and secure transport layer encryption are used here.




API Keys




With FIPS 140-2 certified software security, every one API keys are secured to provide maximum protection of your data and data.




Cold Storage




With Shrimpy traders can also input the amount of assets they own using the cold Storage feature. This allows the program to analyze your assets in the cold storage and allow for more accurate rebalancing decisions for the portfolio.




IP Whitelisting




With this option, traders have the ability to block access to your crypto exchange account, thus preventing any unauthorized entry to your account.



Shrimpy Customer Support




For contact with the team of the Shrimpy, you can use the online chat feature or social media channels, or email.


However, with the help of their extensive knowledge collection and self-help section you'll be able to address the majority questions you'll run to when using Shrimpy on your own.



Pros and Cons of Shrimpy




A thorough understanding of the things Shrimpy excels at and areas it is lacking will allow you to discover a more educated final solution.


Here is a listing of the pros and cons of the platform.



Pros




User-friendly interface for beginners.


Access to demo accounts as well as backtesting.


Social trading platforms to copy strategies from established traders.


Automating your portfolio and rebalancing.


Supports 10 exchanges and 13 wallets at present.


Dollar-cost averaging strategies.




Cons




Insufficient mobile applications.


A very limited , free version of the platform.


Absence of crypto bot scripting.


There is no trading terminal or crypto signals.




Conclusion




Managing and rebalancing your portfolio can be a stressful chore if you're a busy trader with many trades to scrutinize.


For these kinds of situations the use of a profile rebalancing automated tool could be a huge help.



shrimpy crypto review is where Shrimpy is able to help. Through its dollar-cost averaging strategy it allows you to organize your portfolios easily while serving as a social trading platform. Also, with its secure APIs and extremely sophisticated security tools, you'll not have to worry about the security of your money. With all things considered, Shrimpy's a good way to balance and manage you portfolios and to improve your trades.



FAQs





Is Shrimpy Free?




There is an unpaid version of Shrimpy accessible to traders to utilize. It lets traders manage a single investment on any exchange using daily replenishment. When you join a plan that is paid, you have the option of managing multiple portfolios on various exchanges.




Can You Use A Demo Account With Shrimpy?




Yes. Traders who utilize Shrimpy have the option to choose to join the demo account for practice with their trades and trading strategies.




Is Shrimpy Safe To Use?




Even though it's not monitored, it has a great service record with very favorable customer reviews. Additionally, thanks to its extensive security measures, you don't have to worry about security of your money.




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