Shrimpy Bot Review 2023: Is It a Legit Platform? Trading and App Check (2023)

Why Shrimpy

In this section of our Shrimpy review we highlight 6 special features that deserves extra attention.

About Shrimpy

Shrimpy is a US-based cryptocurrency platform for all traders of all levels. The company behind the project is called Benthos Labs Inc and they founded the platform in 2017 with the main office registered at 2957 Bowers Ave, 123, Santa Clara, California 95051, United States.

The main goal of the team behind Shrimpy is to make cryptocurrency portfolio allocation, rebalancing, and backtesting simplified. The main feature of Shrimpy is the crypto copy and social platform that lets traders connect, share, and copy other already profitable traders. The best thing is that everything is automated and beginner-friendly.

Why use Shrimpy

If you are into automated, robot, or ai bot trading for cryptocurrency, then you are going to love Shrimpy. This platform lets you automate your top day trading strategies for crypto and connect with several different cryptocurrency exchanges. Depending on your subscription plan you can easily connect up to 25 crypto exchange accounts, automate 10 crypto portfolios, and keep a 1-minute balance refresh on your account.

What we like most about Shrimpy is the user-friendliness interface they have created. It’s dead easy to get started, connect your accounts, and start automating your own cryptocurrency portfolio. Traders who are looking for a modern and easy-to-use social crypto platform should definitely give Shrimpy a try for their money and start with a demo account.

Trading on Shrimpy

The charting package on the platform is from Tradingview which guarantees outstanding chart performance without any lag. Shrimpy is a cryptocurrency portfolio management tool that lets you rebalance your accounts and allocate the perfect amount of risk and capital for your own tolerance. It’s very simple, it’s all about the social aspect of being a leader or following a leader.

When you get to the platform you can decide if you want to create a strategy for others to follow or if you want to invest your own capital and follow another already profitable trader. Or perhaps do both? It’s all up to how you want to allocate your digital asset and play the markets as money managers do in the traditional financial markets.

Regarding the Shrimpy trading fee: The platform itself doesn’t charge its own flat trading fee. Depending on what exchange you have connected to your account you will be paying the maker and taker fee of the exchange. For example, if you are connected to the Binance exchange, your active trading fee will be 0.10%.

Payment methods and limits

Shrimpy supports these payment methods: PayPal, Visa, Mastercard, American Express, DISCOVER, Google Pay, and cryptocurrencies. The minimum deposit is $15 and that’s the lowest price for the first subscription plan you can buy. The withdrawal limits depend on the exchange you connect to.

Shrimpy category rating

Things we don’t like

Something that would make Shrimpy a fantastic platform is a live chat. I had a lot of questions straight off the bat when I got onto the platform and I can imagine that new traders will too. Once they include this support feature we will make sure to update this review.

Shrimpy Trading Fees

Products

Trading Platforms

Order Types

Supported Devices

Special Features

About the special features on Shrimpy

Shrimpy is a social cryptocurrency platform with a lot of great features for social traders who are looking to invest capital with others or trying to get a good following on their own top strategies. One of the best features of this platform is the automated cryptocurrency portfolio rebalancing tool that lets you manage your portfolio and allocate at your own risk tolerance.

The pricing plan for using Shrimpy is very beneficial. Starting at $15/month you will get access to spot trading and the possibility to automate 3 portfolios per exchange and connect up to 5 exchange accounts. If you want the full experience of Shrimpy, then $299/month will give you access to dedicated server clusters, 1 min balance refresh, automate 10 portfolios per exchange, and connect up to 25 crypto exchange accounts.

Social Trading

This cryptocurrency social platform lets you copy other already profitable crypto traders automatically. Simply choose from the list of traders available and let them trade for you. This is a great way to manage parts of your portfolio by actively trading on your own. Social trading is also good for experienced traders who are making money in the markets.

If you are a profitable trader you can sign up and benefit from the extra gains of your followers. Something to take note of when it comes to the copy trading on Shrimpy, you can always set a dollar amount stop-loss when you copy another trader. For example, if your account size is $500, you can set a stop-loss for the whole account to get stopped ut if it drops to $400.

Cryptocurrency Backtesting

The backtesting tool on Shrimpy is pretty unique where you can see the effect of the portfolio rebalancing tool. You can optimize your portfolio and improve your performance by choosing the right amount of rebalancing. Compare and tweak with the help of historical data on a very easy-to-use charting interface. Gains and percentages will be visible to easily recognize if your backtesting has been effective.

Connect Several Crypto Exchanges

You are able to connect your account to these crypto exchanges: KuCoin, Binance, Bittrex, Bittrex Global, Coinbase Pro, Binance US, Kraken, Poloniex, Gemini, Bibox, Bitmart, Huobi Global, HitBTC, Okex, Bitstamp, and Bitfinex. You can automate, backtest and allocate your digital assets to all these exchanges depending on where you want to trade.

Automate Several Portfolios

If you choose to pay for the Professional or Enterprise subscription you will be able to connect and automate up to 25 active accounts on several different exchanges. Take full advantage of technology and let the computers do the work for you. When you automate different cryptocurrency portfolios, all of them will be rebalanced exactly as you want them to be.

Portfolio Rebalancing

Cryptocurrency portfolio rebalancing is a way for you to automatically increase and reduce active positions by selling gains and buying cheap coins. You can set the portfolios to rebalance every hour or every week, depending on your own preference. Portfolio rebalancing is a traditional tool used by money managers at larger institutions and it’s only right to apply it to your own cryptocurrency investing.

Our own experience with Shrimpy

Shrimpy Funding Methods

PayPal

Visa

Mastercard

American Express

DISCOVER

Google Pay (GPay)

Cryptocurrency

Accepted Currencies

Limits

Shrimpy Withdrawal Fee

Languages

Restricted Countries

Security

Support

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Frequently asked questions

Read the most frequently asked questions about Shrimpy. Find answers without searching the web.