Shrimpy.io Review

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Contributor, Benzinga
Updated: June 17, 2022
Shrimpy
Best For
  • Novice Crypto Investors
securely through Shrimpy's website
1 Minute Review

Shrimpy.io is a cryptocurrency portfolio management and social trading tool. The online platform helps traders and investors alike to manage all of their crypto holdings on several exchanges via a single platform. You can log in one time and execute buy or sell orders effortlessly across a large magnitude of trading pairs and exchanges.

On a macro-level crypto holders can manage their assets by using Shrimpy’s portfolio management tool to adjust asset allocation. It is possible to either automatically or manually allocate changes in your holdings, denominated in percentages. These changes will be automatically executed by the platform itself. The process is easy and makes managing your cryptocurrencies more effective.

Best For
  • Novice crypto investors
Pros
  • Shrimpy offers a great deal of unique features that focus on portfolio management
  • The platform is user-friendly and easy to understand
  • You can copytrade profitable traders and capitalize on their experience
Cons
  • Shrimpy does not offer free plans for beginners starting out
  • In-person, live customer support is not available

Shrimpy Ratings at a Glance

Services
Customer Service
Pricing
User Benefits
UX
Overall Rating

Shrimpy.io is a next-generation digital asset management platform that allows you to connect and use all of your crypto accounts under one central system. The benefit of using Shrimpy is that it allows you to execute trades and monitor cryptocurrencies at all times without having to log into exchanges individually. Moreover, users new to trading can participate in social trading to copy the moves of more experienced market participants — and profit.

Shrimpy Services

Shirmpy.io is a next-generation trading platform that makes the process of managing your crypto simple. You no longer have to log into each exchange to monitor your holdings or perform a transaction. Using Shrimpy.io, you can link to all of the exchanges on one platform.

The company supports around 20 cryptocurrency exchanges, some of which include BitStamp, Bibox, Huobi Global, KuCoin, Binance, Coinbase, Bittrex, Kraken, Gemini, FTX and BitMart. All of these give you access to your entire holdings of cryptocurrency and make crypto trading easier. Moreover, Shrimpy.io supports a grand total of 13 wallets, some of which include MetaMask, Ledger Live, 1inch Wallet, Rainbow, Spatium, Unstoppable and Guarda.

You can set up demo accounts to see how all of the features work. The demo accounts let you place stop losses, rebalance, connect with other traders, follow your history and backtest. All of these tools show the benefits you receive when using Shrimpy.io to integrate your cryptocurrency holdings.

The backtesting feature allows you to see the results of using these features over select periods. You choose the time frame and percentages to see how the platform can improve your profitability. All of this is available at no cost, and you click on the demo link to see what is available.

Shrimpy Customer Service

Shrimpy.io uses a help section on its website to answer your general questions. Its YouTube, Discord and Reddit community support are other avenues for addressing these issues. If you need to contact them, you can reach out to the company through email or Twitter. You will hear back within 24 hours.

The only drawback is customer support is not available over the phone. You must be patient in resolving some issues, with customer support requiring more time to respond. 

Shrimpy Pricing

Shrimpy.io gives you different pricing plans. The Starter is $15 per month for spot trading, connects to 5 exchanges, automating 3 accounts and uses a 15-minute refresh.

The professional plan is $63 per month for 5-minute refresh options, connecting to 10 exchanges, automates 5 accounts and free optimization with rebalancing. Futures trading is coming soon to this plan.

The enterprise plan is $299 per month for 1-minute balance refreshing, 10 account automation, connecting to 25 exchanges, priority support and a server.

These plans are reasonable and give you lots of options.

Shrimpy User Benefits

Shrimpy makes life easier by linking your crypto accounts to different exchanges all while combining it with social trading. The platform helps with improving your trading efficacy as well as keeping track of what is happening with your accounts. You can copy what the best traders are doing through the social trading tool. No other platform is comprehensive or gives you all the tools and features to make crypto trading simple. 

The social trading aspect of this site makes it quite powerful because you can learn as you trade, in addition to using demo accounts to practice.

Shrimpy UX

The website is easy to navigate and user-friendly. You can register an account by clicking on one button and filling out the information. A blog and academy help you to learn everything you need to know and improve your blockchain education and crypto trading. These tools and beginner-friendly layout make Shrimpy simple to use.

Shrimpy
Best For
  • Novice Crypto Investors
securely through Shrimpy's website

Shrimpy.io vs. Competitors

Shrimpy provides unique benefits that help the company to stand out among competitors. The platform makes crypto trading easy and improves your effectiveness as a trader through automation.

The major drawback Shrimpy faces against competitors are in the pricing. Competitors offer lower prices and free accounts to start. Shrimpy’s plans do not give you a free option and you pay more. The difference is you have better tools and learning resources to improve your skills. Competitors can link your accounts and exchanges, but you’re all alone to figure out how everything works. 

Shrimpy Overall Rating

Shrimpy is an excellent platform for crypto trading. You receive unique tools that make everything easy. The site is simple to navigate and you can find most answers to your questions in the blog, academy and FAQ sections.

The challenges are with a few customer support options; you cannot use a free plan when starting and pay more for Shrimpy. However, you get fantastic tools and connections that improve your trading skills. You receive more from Shrimpy and can become better at trading to increase your profitability. 

Shrimpy.io Tutorial

Shrimpy gives you numerous tutorials to help you navigate the site and become better at using all the features.

Frequently Asked Questions

Q
Is Shrimpy trustworthy?
A

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. 

Q
Are trading bots legal?
A

Yes. Bots are legal for cryptocurrency trading. 

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