Shrimpy.io 2025 Review: Unleash the Potential of Your Crypto Investments
TLDR
This review will show what Shrimpy has for its users, from its benefits to potential drawbacks, and what improvements can be made.
Shrimpy is a cryptocurrency portfolio management platform that allows traders to manage crypto holdings across multiple exchanges and wallets from a single interface. It offers over 20 types of cryptocurrency exchanges and wallets for traders.
Furthermore, Shrimpy also provides a demo account for those who are unsure as to whether this is the right platform for them or not. It also offers a referral program with great benefits as the tier increases.
Who Should Use Shrimpy?
Shrimpy is suitable for anyone, whether a beginner or advanced trader. It’s user-friendly and convenient for all types of traders, so anyone interested in cryptocurrency trading can try out the platform themselves. Also, it supports a variety of exchanges and wallets, which will be easy for those with multiple portfolios or exchange accounts.
One of its features that benefit traders is Smart Order Routing. It is an excellent automated tool for traders to manage their traders. It helps to optimize trades, analyzes real-time market data, and determines when to execute a trade. Aside from that, traders can reduce their trading fees by executing trades at the lowest fees. Thus, traders can optimize their trades and maximize their returns.
However, Shrimpy doesn’t have a mobile app version. So, this might reduce the satisfactory trading experience for traders who like to trade crypto on the go. Moreover, it only has a limited choice of customer support, which will be a headache for traders who require immediate help.
Still, Shrimpy is a comprehensive platform that offers a range of trading tools and features to help traders manage and monitor their cryptocurrency assets more effectively.
What Exchanges & Wallets Are Supported?
Shrimpy supports nine crypto exchanges:
- Binance
- Binance.us
- Bittrex Global
- Coinbase
- Gate.io
- Gemini
- Huobi Global
- Kraken
- KuCoin
Besides that, it also supports crypto wallets:
- 1inch Wallet
- Coinomi
- Ellipal
- Guarda
- Huobi Wallet
- Julwallet
- Ledger Live
- Metamask
- Rainbow
- SafePal
- Spatium
- TokenPocket
- Unstoppable
Shrimpy Review: Top Features
Custom Index
Shrimpy offers custom index funds for traders to create their own index funds on specific investment goals and risk tolerance. This tool is helpful for those who want to create a crypto portfolio with different cryptocurrencies but have no time to manage it.
Besides that, traders can backtest their index funds with this feature. This means traders can see their index fund’s performance based on historical data. By doing so, traders can improve their trading performance and make a better trading strategy.
Dollar Cost Averaging
Dollar-cost averaging (DCA) is an automated tool that helps traders manage their cryptocurrency regularly. This is helpful for those who want to invest in cryptocurrency but are concerned about market volatility.
It supports multiple cryptocurrencies and diversifies traders’ crypto portfolios to invest in different crypto exchanges.
Traders can avoid risking buying cryptocurrencies at the top of the market by investing a fixed amount of money. Hence, they can benefit from the lower average cost of their purchases.
Portfolio Stop-Loss
The portfolio stop-loss feature is a risk management tool that Shrimpy offers its users. This will help traders limit their losses by automatically selling assets in their portfolio when the market price of a desired cryptocurrency reaches a specified threshold.
Traders can use this to limit their downside risk and protect their portfolios from sudden market fluctuations. This is a useful tool during high volatility or when there is a sudden drop in value.
Smart Rebalancing
Smart rebalancing is a feature that Shrimpy offers in its automated portfolio management tools. It helps traders to maintain a balanced portfolio by adjusting each cryptocurrency. It uses algorithms to analyze market data and adjust portfolios based on pre-defined portfolio rebalancing strategies.
This feature can be configured based on different investment goals and risk tolerance levels. It’ll ensure that the portfolio’s asset allocation is always optimized for maximum returns based on the current market conditions.
Spread & Slippage Control
The Spread & Slippage Control feature is a risk management tool that helps traders minimize the spread and slippage impact on their trades. It works by setting a maximum spread and slippage tolerance for each trade. Thus, if it exceeds the tolerance level, the trade will not be executed, which helps traders to avoid trades with unfavorable prices.
With this feature, traders can have better control over their trades and minimize the impact of market fluctuations, increasing their crypto portfolio’s profitability. However, please note that overly restrictive spread and slippage may limit the effectiveness of a trading strategy.
Fee Optimization
The fee optimization tool helps traders reduce their trading fees by automatically executing trades on exchanges with the lowest fees. It also considers other factors to execute trades, such as liquidity and order book depth. This will ensure that the trades are executed at the best time.
This feature is useful for those who trade frequently or have a large portfolio. After all, trading fees can add up quickly and eat into profits. Thus, by reducing trading fees, traders can earn more profit margins and increase trading performance.
Resources
Shrimpy offers the latest news about the cryptocurrency market. It helps crypto traders to improve their crypto trading strategies and make better trading decisions.
It provides video tutorials, blogs, courses, articles, and a list of successful traders. With these educational resources, traders can be enlightened by in-depth analysis of market trends and insights from other traders. Aside from that, traders can also get some insights into the financial markets. With the resources provided by Shrimpy, traders can easily get the latest updates about the developments in the cryptocurrency market.
It is recommended to check out their videos as they cover various topics, from trading strategies to trading bots and platform tutorials, which will benefit both beginner and experienced traders.
Backtest
Shrimpy offers a Backtest feature that allows traders to test different cryptocurrency trading strategies. It uses historical market data to test trading strategies to check efficiency and profitability. Traders can create a portfolio from this backtesting tool and try various trading pairs and strategies.
This feature provides real-time market data to ensure the backtest result is accurate. In addition, this backtesting tool is easy to use and user-friendly so that traders can run their backtests without any technical knowledge.
Shrimpy Review: Pricing
Shrimpy offers three pricing plans for traders with different trading needs and budgets.
Free plan
- Unlimited spot trades
- 1 exchange account, portfolio, and automation
- 20 minutes balance refresh time
- 3 backtests per day
- 1-day rebalance period limit
Standard plan – $15/monthly for 1 year
- Costs $19 monthly / $ 15 annually
- Unlimited spot trades
- 5 exchange accounts, portfolios, and automation
- 15-minute balance refresh time
- 25 backtests per day
- Customizable rebalance period
- Dynamix indexing
- Follow up to 5 alpha traders
- Portfolio stop loss & dollar cost averaging
- Reduce fees with maker trades
Plus plan – $39/monthly for 1 year
- Costs $49 monthly / $39 annually
- Unlimited spot trades
- 25 exchange accounts
- 10 portfolios and automation
- 10 minutes balance refresh time
- 100 backtests per day
- Customizable rebalance period
- Dynamix indexing
- Follow up to 10 alpha traders
- Portfolio stop loss & dollar cost averaging
- Reduce fees with maker trades
- API Access
If you are unsure whether this platform is right for you, Shrimpy offers a demo account to try out its features.
Referral Program
Shrimpy offers a referral program that lets traders earn additional income.
Traders can do so by sharing their referral links with their friends and family. Once someone has signed up and paid for a subscription plan, they will get a 30% discount, while traders earn a 50% subscription cost.
Besides that, as traders get more referrals, they earn a tier from Shrimpy. There are three tiers: Bronze, Silver, and Gold. Each tier represents how many referrals a trader has. As the tier increases, traders will get more income from their referrals.
You can learn more about the referral program with its disclaimer.
How To Open A Shrimpy Account?
Step 1: Visit The Shrimpy Website
First, go to the Shrimpy website.
More details
Shrimpy is a user-friendly crypto trading platform that can manage multiple crypto exchange accounts in a single interface. It provides many features, such as smart order routing, dollar cost averaging, smart portfolio allocation, portfolio rebalancing, etc. These features may benefit traders to manage multiple portfolios efficiently and earn more profits.
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Beginner-friendly and easy to use.
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There is a free version of it.
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It supports multiple crypto exchanges.
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No mobile version.
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Limited customer support.
Step 2: Create An Account
Once at the homepage, click the [Sign Up] button on the upper right to register your account.
Step 3: Enter Your Details
Once you have clicked the [Sign Up] button, you will be asked to fill in your name, e-mail address, password, and referral code (if you have any).
Then, check the Terms & Conditions and Captcha before clicking the [Sign Up] button at the bottom.
Step 4: Verify Your Email
Once done, Shrimpy will send you a verification link in your inbox. Go to your inbox and click [Confirm my account] in the middle to verify your e-mail address.
Step 5: Log In
After you have verified your e-mail, you will be transferred to the login page. Fill in the required details and click the [Login] button at the bottom.
Congratulations! You are now a user of Shrimpy. You can begin to manage your portfolio and invest it. Good luck!
Shrimpy Review: Major Drawbacks
Limited Customer Support
According to some reviews and feedback, traders claim that Shrimpy’s customer support is slow. This is a concern for those who need timely assistance with their accounts.
Learning Curve
Although Shrimpy is designed to be user-friendly, some traders might find the social trading platform confusing due to its lack of guidance. For example, beginners must learn the basics through the educational resources given. Moreover, using API keys to connect the cryptocurrency exchange account might require technical knowledge.
Limited Exchange Support
Although Shrimpy supports some of the most popular cryptocurrency exchanges, some are still not supported. This could cause limitations for some traders.
Improvements
Even though Shrimpy benefits its users with many features and is a good platform, there is always room for improvement.
One of the improvements is to add more exchanges. This is recommended since there are many exchanges that different traders desire. So, adding more support to the exchanges is a great way to improve the platform. After all, it lets users manage their cryptocurrency assets all in one place rather than having to open multiple trading platforms.
Furthermore, Shrimpy can expand its customer service. Improving its quality and responsiveness can increase traders’ satisfaction and help them manage their trades more efficiently.
Shrimpy Review: Our Verdict
Shrimpy is a good social trading platform that is user-friendly for beginners and advanced crypto traders. The social trading program benefits traders by providing crypto portfolio rebalancing, automated trading strategies, crypto index funds, the latest updates on market movements, and many more.
Please remember that beginners might need some time to learn the features and navigate the platform since it can be confusing. You can contact their customer support if you have encountered any issues or inquiries within the platform. Or, you can look up their knowledge base for answers.
If you are interested in Shrimpy but don’t know whether this is the right platform, there is a demo account for traders to access its features. For traders who want to try out a new trading strategy, Shrimpy also has a backtesting tool that allows you to practice or approach new trading opportunities without spending money.
Yes. Shrimpy does offer security measures to secure users' data. It provides two-factor authentication, SSL encryption, API key permissions, cold storage, and many more. It is always a wise choice to have a strong password. This will add additional security to your account. Using a mix of alphanumeric, as well as symbols are always a great way to prevent hackers.
No. Shrimpy doesn't provide a tax reporting tool. However, it has some features that will help calculate cryptocurrency gains and losses for tax purposes. For example, it gives IRS forms to report cryptocurrency gains and losses on their tax returns. Moreover, it provides a complete transaction history so users can easily calculate their gains and losses.
Shrimpy allows users to connect multiple crypto exchange accounts to their portfolios. Thus, they can manage all of their cryptocurrency holdings in a single interface.
