Shrimpy: Best Portfolio Management platform
Shrimpy is a popular crypto automation platform used for portfolio management, automated trading strategies, and social trading. The platform supports major cryptocurrency exchanges, allowing traders to manage portfolios and run trades directly on those exchanges, benefiting from their liquidity.
It is suitable for both casual and professional traders who want to run custom automated crypto strategies. According to Shrimpy, they have conducted thousands of backtests on their native backtesting platform, comparing strategies such as daily rebalancing, HODLing, and other approaches. Based on the analysis and insights gained, Shrimpy has developed tools such as configurable rebalancing and automated rebalancing features.
Shrimpy is positioned as a reliable and secure platform for automated crypto trading, offering a good range of automation features. Its plans are competitively priced, with a free plan available that includes limited features.
Pros and Cons
| Pros | Cons |
| Crypto portfolio management and rebalancing | Can be difficult for beginners |
| Supports many cryptocurrency exchanges and crypto wallets | |
| Intuitive user interface | |
Trading Experience
Shrimpy provides a comprehensive set of tools, including portfolio management, smart rebalancing, portfolio stop-loss, smart order routing, and access to historical market data. These tools are designed to help manage portfolios under optimal conditions, aiming to reduce risk and improve the chances of better returns.
You can connect multiple supported cryptocurrency exchange accounts to Shrimpy and manage them from one dashboard. A standout feature is automated portfolio rebalancing—you can create custom asset allocations and have the platform automatically rebalance to those targets. This helps maintain diversification and take advantage of crypto market volatility.
Shrimpy supports two primary forms of automated rebalancing:
- Periodic Rebalancing
You choose a fixed time interval (hourly, daily, weekly, monthly), and Shrimpy automatically adjusts your crypto portfolio back to your target allocations at each interval.
Example: If you target 25% BTC, 25% ETH, 25% BNB, and 25% SOL, but SOL grows to 35% after a rally, Shrimpy will sell some SOL and buy the others at the next scheduled rebalance to restore each to 25%. - Threshold Rebalancing
Rebalancing triggers only when an asset’s portfolio weight drifts beyond a chosen percentage from its target allocation.
Example: If your BTC target is 40% and you set a 5% threshold, Shrimpy rebalances only if BTC falls below 35% or rises above 45% of your portfolio value.
Other prominent features include:
- Portfolio Stop-Loss: Automatically sell your portfolio during adverse market conditions to limit potential losses.
- Smart Order Routing: Executes trades using the most efficient paths across exchanges to achieve the best available price.
- Historical Data & Market Stats: View price history, market capitalization, and performance statistics directly from the dashboard.
Supported Crypto Exchanges and Wallets
Shrimpy supports many popular cryptocurrency exchanges. You can connect to multiple exchanges, and manage those accounts under one dashboard.
Here are all of them:
- Binance
- Binance U.S
- Gate.io
- Gemini
- Kraken
- Coinbase
- Bittrex Global
- Huobi Global
- Kucoin
And the list of supported crypto wallets includes:
- 1inch Wallet
- Coinomi
- Ellipal
- Guarda
- Huobi Wallet
- JulWallet
- Ledger Live
- MetaMask
- Rainbow
- SafePal
- Spatium
- TokenPocket
- Unstoppable
Plans
The plans are competitively priced and affordable for most traders. A free plan is also available, but it only gives you access to 1 exchange, 1 automation, and 1 portfolio, and lacks features such as portfolio stop-loss, portfolio DCA, and dynamic indexing.
Other paid plans provide access to multiple automations, exchanges, and portfolios, and also allow DCA strategies. An interesting feature is that you can create unlimited spot trades using all plans. The Standard plan costs only $19 per month if billed monthly, and $15 per month if billed annually!
Platform Security
Shrimpy is a non-custodial platform, meaning it does not have access to users’ private keys or funds. It only has permission to execute trades on connected crypto exchanges. Users’ private keys and funds remain securely stored on their exchange accounts, and their safety is dependent on the security infrastructure of those crypto exchanges.
Shrimpy connects to exchanges via API keys, which are secured using encryption and hardware security modules (HSMs), ensuring the integrity and safety of user credentials. The platform also encourages users to enable two-factor authentication (2FA) for another layer of account security.
The Shrimpy website is protected with an SSL certificate, ensuring secure communication. Since users’ funds are held on exchange accounts, the exchanges are responsible for the security of those funds, while Shrimpy’s role is limited to executing trades.
Customer Reviews and Satisfaction
Shrimpy got a score of 3.1 out of 5 on Trustpilot with around 107 reviews. Many customers admired the user-friendly interface of Shrimpy, trade automation feature, DCA strategy, portfolio rebalancing, and customer service. Many other customers complained about account problems, lost funds, and inefficient copy trading feature.
Company Overview
Shrimpy was founded in 2018 and is based in the United States. The company specializes in crypto portfolio management, focusing on crypto trade automation. Although it gained popularity in 2022 and 2023, its user base declined gradually during 2023 and 2024 as other trading bot platforms emerged offering competitive services.
In 2023, Shrimpy halted its trading bot services due to the declining user base and shifted its focus more toward portfolio management services.
The company also runs an affiliate program, through which it has acquired a significant portion of its users, with less reliance on SEO or organic reach. According to the official website, the platform executes over 250,000 trades per day, though this figure is subject to change.
Concluding remarks
If you want to create and manage multiple crypto portfolios, the Shrimpy platform can be a good option. Its plans are cheaper than most other portfolio management platforms, allowing traders to take advantage of these features on a lower budget.
You can automatically rebalance portfolios, which helps maintain diversification and can potentially improve returns. However, the risk of losses cannot be fully eliminated due to the dynamic nature of market conditions.
The platform is user-friendly and suitable for most crypto traders. While many other crypto platforms offer a wide range of advanced tools, Shrimpy remains a popular choice for those specifically focused on portfolio management at an affordable price.
