Shrimpy Review 2021: Security, Fees & Special Features

The web’s most detailed Shrimpy review: With 600+ digital assets available, this cryptocurrency social platform is a frontrunner when it comes to crypto portfolio rebalancing and automating your allocation. Shrimpy lets you become a leader or follow the leaders of the market on a very intuitive and easy-to-use platform. Our expert trader took on the job to make a complete review of Shrimpy and find out what makes this platform tick. Read our review of Shrimpy to learn all there is to know about this platform.

3.72/5
Trustworthy
Non-Regulated
United States flag
Shrimpy
Founded May 2017
Owner Benthos Labs Inc
Type Cryptocurrency Exchange
Fees 0%
account minimum 0.0$
Best for All Traders

Why Shrimpy

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

With social trading you can observe and follow expert traders. Copy profitable traders and earn passive income.
Social Trading
With social trading you can observe and follow expert traders. Copy profitable traders and earn passive income.
Optimize your allocations with portfolio rebalancing. This platform will automatically rebalance your portfolio.
Portfolio Rebalancing
Optimize your allocations with portfolio rebalancing. This platform will automatically rebalance your portfolio.
Create automated orders without any coding. Use expert software and let the computer trade for you.
Automated Trading
Create automated orders without any coding. Use expert software and let the computer trade for you.
Make money by copying profitable traders and follow their strategies automatically.
Copy Trading
Make money by copying profitable traders and follow their strategies automatically.
Backtest your strategy with historical price data. See your profitpotential and all weakspots of the strategy.
Backtesting
Backtest your strategy with historical price data. See your profitpotential and all weakspots of the strategy.
Track your current P&L live and analyze your trading history. Take full control over your own trading account.
Performance Analytics
Track your current P&L live and analyze your trading history. Take full control over your own trading account.

About Shrimpy

Shrimpy is a US-based cryptocurrency social trading 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 is 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 copy trading 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 bot trading for cryptocurrency, then you are going to love Shrimpy. This platform lets you automate your strategies 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.

Things we don’t like

Something that would make Shrimpy a fantastic platform is a live chat. I had a lot of questions straight of 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.

Trading Fees

Products
Maker fee
Taker fee
Cryptocurrency
0 %
0 %

Products

Cryptocurrency
Cryptocurrency

Trading Platforms

Tradingview
Tradingview
Webtrader
Webtrader
Own trading platform Windows + Mac
Own trading platform Windows + Mac

Order Types

MO - Market Order
LO - Limit Order
SOR - Smart Order Routing

Devices

Desktop
Desktop
Tablet
Tablet
Smartphone
Smartphone
Web
Web

Special Features

Trading Strategies
Altcoins
Education
Quick Registration
Fast Withdrawals
2FA Verification
Robot Trading
Advanced Trading Tools
Paper Trading
New Trading Platform
Advanced Trading Platform
Beginner Friendly
Demo Account
Real Stop Loss
Trading Forum
Technical Indicators
Advanced Charting
Cryptocurrency Wallet
KYC
Algorithmic Trading
One Click Trading

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 the 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.

Funding

PayPal
PayPal
Visa
Visa
Mastercard
Mastercard
American Express
American Express
DISCOVER
DISCOVER
Google Pay (GPay)
Google Pay (GPay)
Cryptocurrency
Cryptocurrency

Accepted Currencies

USD ($)
GBP (£)
EUR (€)
AUD ($)
CAD ($)
INR (₹)
CNY (¥)
JPY (¥)
PHP (₱)

Limits

Max Withdrawal Limits
No limit
Min Withdrawal Limits
No limit
Min Deposit Limits
$0

Languages

United Kingdom
English

Restricted Countries

Algeria
Angola
Benin
Botswana
Burkina Faso
Burundi
Cameroon
Cape Verde
Central African Republic
Chad
Comoros
Democratic Republic of the Congo
Congo
Djibouti
Equatorial Guinea
Eritrea
Ethiopia
Gabon
Gambia
Ghana
Guinea
Guinea-Bissau
Kenya
Lesotho
Liberia
Libya
Madagascar
Malawi
Mali
Mauritania
Mauritius
Morocco
Mozambique
Namibia
Niger
Rwanda
Sao Tome and Principe
Senegal
Seychelles
Sierra Leone
Tanzania, United Republic of
Togo
Tunisia
Uganda
Zambia
Zimbabwe
Afghanistan
Armenia
Bahamas
Bangladesh
Bhutan
Brunei Darussalam
Cambodia
China
Timor-Leste
Georgia
Indonesia
Iran, Islamic Republic of
Iraq
Japan
Jordan
Kazakhstan
Kuwait
Kyrgyzstan
Lao People"s Democratic Republic
Lebanon
Malaysia
Maldives
Mongolia
Nepal
Korea, Democratic People"s Republic of
Oman
Pakistan
Qatar
Saudi Arabia
Sri Lanka
Syrian Arab Republic
Yemen
Uzbekistan
United Arab Emirates
Turkmenistan
Thailand
Tajikistan
Albania
Andorra
Belarus
Bosnia and Herzegovina
Germany
Ireland
Republic of North Macedonia
Moldova, Republic of
Monaco
Montenegro
San Marino
Serbia
France
Ukraine
Bolivia
Colombia
Ecuador
Falkland Islands (Malvinas)
French Guiana
Guyana
Paraguay
Suriname
Uruguay
Venezuela, Bolivarian Republic of
Fiji
Federated States of Micronesia
Kiribati
Marshall Islands
Nauru
Palau
Papua New Guinea
American Samoa
Solomon Islands
Tuvalu
Vanuatu
New Caledonia

Security

Is Shrimpy safe?

Yes, we consider this social crypto trading platform to be trustworthy. The exchange has a safe track record since 2017 and we have no complaints from active customers.

Is Shrimpy regulated?

No, this crypto exchange is not regulated by any government.

Support

Contact Form
Contact Form

Frequently asked questions

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

It is a cryptocurrency social trading platform where you can automatically rebalance your portfolio, automate your trades, and automatically allocate your portfolio. You can pretty much put your portfolio on autopilot and let the platform do all the work when it comes to buying and selling digital assets. You can also copy other profitable traders or let other traders copy you.

First, you need to sign up. Secondly, choose the exchange or exchanges you want to connect to your account. This is done with the API tool. Thirdly, when you are connected you can start choosing which coins you want to trade and how you want to allocate your capital. Lastly, choose when and how you want to rebalance your portfolio for maximum gains.

No, you can choose your subscription plan starting at $15/month for the basic version. If you want to use all the tools available on the platform you should pick the Enterprise version which costs $299/month.

It is located in the US with the main office registered at 2957 Bowers Ave, 123, Santa Clara, California 95051, United States.

Since you are connecting your Shrimpy account to other exchanges, all the money you make will stay there. For example, if you connect Shrimpy to the Binance exchange, all profits will stay on Binance and you can later withdraw your funds from there.

In regards to fees, you pay the trading of the cryptocurrency exchange you have connected to. For example, if you connect to Binance your trading fee will be 0.10% since this is the actual trading fee on Binance.

If you have never tried an automated social trading platform like Shrimpy it's definitely worth trying it out for a couple of months. Even if you don't know how to execute a profitable strategy, there are other profitable traders you can copy. This makes the platform suitable even for immediate beginners and of course experienced crypto traders.

Yes, you do. However, this is the only cost when using the platform. There is no extra trading fee charged upon the existing fee from the connected exchanges which makes it rather cheap to use this automation platform in my opinion.

Currently, the platform does not offer a crypto app to automate your strategies.