Crypto trading is hard. You could spend hours each day watching charts and trying to figure out the best time to sell or buy, but that’s not how you want to spend your time.
The good news is that there are tools available that can help automate this process for you so you don’t have to worry about it anymore.
Today, we are looking at and doing a Shrimpy review.
Shrimpy is one of these tools and it has a lot of benefits over other cryptocurrency trading bots on the market today.
If you want a tool like Shrimpy, then we recommend checking out our full review to see how it works and who it’s really for.
Shrimpy
Shrimpy is a trading bot that helps you grow your crypto portfolio. It does this by making it easy for you to trade in an automated way and copy the strategies of the best traders in the market.
You can create custom indexes that include all connected exchanges and you can use different strategies on each one.
There are different packages to choose from based on your trading needs and level of expertise.
In this review, you will find out if the crypto trader Shrimpy is right for you.
Pros
- Offers free service
- Social trading with best traders
- Backtesting data for accuracy
- Portfolio management and balance
- Demo trading
Cons
- No crypto signals
- Social trading works on 2 exchanges
- No mobile app
Table of Contents
What is Shrimpy?
With all these different coins out there in the market, it can be hard to decide which ones are worth your money and which ones aren’t. You could spend days looking into each one but at some point you just want to see results instead of more information about them!
Shrimpy CryptoBot Trader is the world’s first crypto-trading bot that combines machine learning and artificial intelligence to trade on your behalf.
This powerful software will analyze your trading strategy, execute trades for you automatically, and even rebalance your portfolio according to a set of customizable rules.
How does Shrimpy work?
Shrimpy helps manage your portfolio by letting you know when you need to buy or sell based on technical analysis indicators like RSI (relative strength index) and MACD (moving average convergence divergence).
These indicators will help you understand price trends within the market so that you don’t miss any opportunities! Now instead of wasting hours researching coins, Shrimpy does everything for me automatically.
Shrimpy Features
Shrimpy offers a free version with limited capabilities for those who are just getting started. For those who need the professional trading features, this is what you have to look forward to when you join Shrimpy.
- You can connect different crypto trading exchanges to the same platform.
- Portfolio allocation and management of coins at the same time on a brilliantly designed interface
- Automatically alter your strategies based on portfolio performance
- Mimic trading of the world’s best traders
- Earn revenue when people follow your trades
Is Shrimpy Legit?
The question is, how effective is Shrimpy and can you profit?
This platform allows traders with any level of experience to gain an edge in their crypto trading strategies by automating all the tedious tasks associated with manual cryptocurrency investing.
It also gives investors access to more than 100 coins and tokens, including Bitcoin , Ethereum , Litecoin , Monero , Ripple XRP, Dash , Zcash , Stellar Lumens XLM, and many more.
From what we can tell, the Shrimpy platform seems to be a legitimate crypto trading company that offers portfolio management services and an API for seamlessly connecting to top exchanges like Binance and Bittrex in one platform.
Register and Link Exchange
Signing up with Shrimpy is quick and easy when you follow the steps below.
First, you need to sign up for Shrimpy.io and create an account.
Once registered, hover over your name in top right corner and click on “Add Account” to connect your preferred exchange.
You choose exchange from the drop down and then add api and secret key.
Note that each exchange has it’s own method or providing you these keys and you will want to independently research it.
By doing a quick Google search “Binance api key” this is the first website that popped up showing me how to create an API key so I can securely connect the exchange to Shrimpy or any other software that supports it.
Visit this link for further instructions on linking your exchange to Shrimpy
Provided you have already verified your account with the exchange you want to trade with, you can begin buying and selling crypto immediately.
What are the fees?
There are three trading packages depending on your needs ranging from at $19 a month to $299.
If you sign up for a year you will receive 20% off your annual billing.
Starting the basic package, you can fully track your portfolio, use the smart trading automation and take advantage of the social trading programs to mimic the trades of the top traders. You can also connect with up to 5 exchanges with automation of 3 portfolios.
In the middle package, for $79 per month, you get all the above features plus API access and connection up to 10 exchanges and automation of 5 portfolios per exchange account.
One the professional level for $299 each month, you get a dedicated server with 1 min balance refresh, automation of 10 portfolios with connection up to 25 exchanges trading at one time.
See all the Shrimpy packages and features here
Supported exchanges
You will be happy to see the Shrimpy supports most (16) of the commonly used exchanges.
Binance
Binance.us
Bibox
Bitfinex
Bitmart
Bittamp
Bittrex
Coinbase
Gemini
HitBTC
Huobi
KuCoin
Kraken
OKEX
Poloniex
Security
You can rest assure Shrimpy goes the extra mile to secure and encrypt your API key. Shrimpy can only read the transaction data making it impossible to move assets off an exchange. It’s suggested no matter what exchange you use, you should also be using Two-Factor Authentication (2FA) as another layer of protection.
Shrimpy Compared
In 2021, we are starting to see more AI powered crypto trading robots, plenty of which we already reviewed.
Among the top robot traders we found Wunderbit and 3commas to be in line with Shrimpy as some of the highest rated AI crypto traders in the industry.
Shrimpy Review Conclusion:
Artificial intelligence is the future of trading and investing. And Shrimpy just happens to be one of the best AI powered services on the market today. Not only does it offer some great features like portfolio balancer, social trading, automated trading via your favorite exchange on up to 25 exchanges at once – you can also use ai as an advisor for any trade decision!
Are you ready to consider letting artificial intelligence handle your trades? We think there has never been a better time to try.
Check out Shrimpy today if you want AI to start trading crypto for you while you sleep.
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