Shrimp.io is a next-generation digital asset management platform that allows you to connect and operate all of your crypto accounts under one central system. The advantage of using Shrimpy is that it allows you to execute trades and monitor cryptocurrencies at any time without having to log into exchanges individually. Additionally, users new to trading can participate in social trading to copy the movements of more experienced market participants – and profit from them.
Shirmpy.io is a next-gen trading platform that simplifies the process of managing your crypto. You no longer need to log into each exchange to monitor your holdings or complete a trade. By using Shrimpy.io, you can connect to all exchanges on one platform.
The company supports a grand total of 20 cryptocurrency exchanges, some of which include KuCoin, Binance, Coinbase, Bittrex, Kraken, Gemini, FTX, and BitMart. All of these give you access to your entire cryptocurrency holdings and make it easier to trade crypto.
You can set up demo accounts to see how all features work. Demo accounts allow you to place stop losses, rebalance, connect with other traders, track your history and do backtests. All of these tools show the benefits you receive when you use Shrimpy.io to integrate your cryptocurrency holdings.
The backtesting feature allows you to see the results of using these features over selected time periods. You choose the timeframe and percentages to see how the platform can improve your profitability. All of this is available for free and you click on the demo link to see what is available.
Shrimpy.io uses a help section on its website to answer your general questions. Its YouTube, Discord, and Reddit community support are other ways to solve these problems. If you need to contact them, you can contact the company via email or Twitter. You will receive a response within 24 hours.
The only downside is that customer support is not available over the phone. You need to be patient to resolve some issues as customer support takes longer to respond.
Shrimpy.io offers you different pricing plans. The Starter costs $19 per month for spot trading, connects to 5 exchanges, automates 3 accounts, and uses a 15-minute refresh.
The professional plan is $79 per month for 5-minute refresh options, connecting to 10 exchanges, automates 5 accounts, and free optimization with rebalancing. Futures trading is coming soon on this plan.
The Enterprise plan is $299 per month for a 1-minute balance refresh, 10 account automation, 25 exchange connection, priority support, and server.
These plans are reasonable and give you plenty of options.
Shrimpy makes your life easier by linking your crypto accounts to different exchanges while combining it with social trading. The platform helps you improve your trading efficiency and keep track of what’s going on with your accounts. You can copy what top traders are doing through the social trading tool. No other platform is complete or gives you all the tools and features to simplify crypto trading.
The website is easy to navigate and user friendly. You can create an account by clicking a button and filling in the information. A blog and an academy help you learn everything you need to know and improve your blockchain and crypto trading education. These tools and a beginner-friendly layout make Shrimpy simple to use.
Newbie Crypto Investors
Shrimpy.io vs Competitors
Shrimpy offers unique benefits that help the company stand out from its competitors. The platform makes crypto trading easier and improves your efficiency as a trader through automation.
The main disadvantage that Shrimpy faces compared to its competitors is the price. Competitors offer lower prices and free accounts to get started. Shrimpy’s plans don’t give you a free option and you pay more. The difference is that you have better learning tools and resources to improve your skills. Competitors can link your accounts and exchanges, but you are on your own to figure out how everything works.
Shrimpy is an excellent platform for crypto trading. You receive unique tools that make everything easier. The site is simple to navigate and you can find most of your questions answered in the blog, academy, and FAQ sections.
The challenges are with a few customer support options; you can’t use a free plan at startup and pay more for Shrimpy. However, you get some fantastic tools and connections that enhance your trading skills. You receive more Shrimpy and can become better at trading to increase your profitability.
Shrimpy offers many tutorials to help you navigate the site and better use all the features.
Frequently Asked Questions
Is Shrimpy trustworthy?
Shrimpy uses encryption and application programming interface (API) keys to validate and protect all your information. The company offers 2-factor authentication procedures to access your account.
Are trading bots legal?
Yes. Bots are legal for cryptocurrency trading.