Software Alternatives, Accelerators & Startups

Kryll.io VS Shrimpy

Compare Kryll.io VS Shrimpy and see what are their differences

Kryll.io logo Kryll.io

Kryll.io is the first intuitive flow-based platform for the definition of automated trading strategies.

Shrimpy logo Shrimpy

The easiest and most trusted way to manage your digital assets.
  • Kryll.io Landing page
    Landing page //
    2022-09-03
  • Shrimpy Landing page
    Landing page //
    2023-05-11

Kryll.io features and specs

  • User-Friendly Interface
    Kryll.io provides a clean and intuitive interface that allows users, even without programming skills, to create and manage trading strategies using drag-and-drop elements.
  • Strategy Builder
    The platform offers a visual strategy builder, enabling users to design complex trading algorithms without needing to write code, which is ideal for both beginners and advanced users.
  • Backtesting and Simulations
    Kryll.io allows users to backtest their trading strategies on historical data to evaluate potential performance and optimize their strategies before going live.
  • Marketplace
    Users can access a marketplace where they can buy, sell, or rent pre-built trading strategies, providing a collaborative environment to share and capitalize on trading strategies.
  • Real-Time Monitoring
    The platform provides real-time monitoring of active trading strategies, giving users the ability to track performance and make adjustments on the fly if necessary.

Possible disadvantages of Kryll.io

  • Subscription Costs
    While Kryll.io offers a range of features, it operates on a subscription model, which might be costly for casual or small-scale traders.
  • Learning Curve
    Despite its user-friendly interface, some users may still find a learning curve when it comes to understanding and optimizing complex trading strategies.
  • Market Dependence
    Like any trading platform, success is dependent on market conditions, and there's always a risk of loss in trading, which users need to be aware of.
  • Limited Asset Support
    Kryll.io may not support every cryptocurrency asset or exchange, which could limit trading opportunities for users interested in niche markets.
  • Potential for Over-Optimization
    There is a risk that users may over-optimize strategies based on historical data, which may not perform as well in live market conditions.

Shrimpy features and specs

  • Automated Portfolio Management
    Shrimpy provides users with the ability to automate their cryptocurrency portfolio management, helping to maintain a balanced and diversified portfolio effortlessly.
  • Easy-to-Use Interface
    The platform boasts a user-friendly interface that simplifies the process of managing and tracking cryptocurrency investments, making it accessible for both beginners and experienced traders.
  • Social Trading
    Shrimpy allows users to copy the strategies of other successful traders, enabling users to benefit from the insights and expertise of more experienced investors.
  • Backtesting
    The platform provides backtesting tools that allow users to simulate trading strategies with historical data, helping users refine their strategies before implementing them in real-time.
  • Multi-Exchange Support
    Shrimpy supports connections to various cryptocurrency exchanges, allowing users to manage their portfolios across different platforms from a single interface.

Possible disadvantages of Shrimpy

  • Limited Technical Analysis Tools
    Shrimpy might not offer as many technical analysis tools as some dedicated trading platforms, potentially limiting users who rely heavily on these tools for decision-making.
  • Subscription Costs
    The platform operates on a subscription model, which may be costly for some users, especially those who are new to cryptocurrency trading or have limited budgets.
  • Reliance on API Access
    Using Shrimpy requires granting API access to your exchange accounts, which could pose potential security risks if not managed properly.
  • Learning Curve for Beginners
    While the interface is user-friendly, absolute beginners to cryptocurrency trading and portfolio management might still experience a learning curve in understanding all available features.

Analysis of Shrimpy

Overall verdict

  • Yes, Shrimpy is generally considered good, especially for users looking for a reliable and easy-to-use platform for automating their cryptocurrency trading activities.

Why this product is good

  • Shrimpy is a well-regarded platform for cryptocurrency trading automation and portfolio management. It offers features such as portfolio rebalancing, automated trading strategies, and integrations with multiple exchanges, making it a useful tool for those who want to manage their crypto investments more efficiently. Additionally, its user-friendly interface is suitable for both beginners and experienced traders.

Recommended for

  • Individuals interested in cryptocurrency trading with automation and strategy building.
  • Users who want to diversify and rebalance their crypto portfolios across multiple exchanges.
  • Investors who seek a user-friendly platform to simplify the management of their crypto assets.

Kryll.io videos

No Kryll.io videos yet. You could help us improve this page by suggesting one.

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Shrimpy videos

Earn Up To 400%+ Per Month Passively With Cryptocurrency? | Shrimpy Review

More videos:

  • Review - Shrimpy Review | Cryptocurrency Portfolio Rebalancing (HOW GOOD IS IT?)
  • Tutorial - How to use the Shrimpy trading bot [Full Tutorial]

Category Popularity

0-100% (relative to Kryll.io and Shrimpy)
Cryptocurrencies
40 40%
60% 60
Cryptocurrency Trading
42 42%
58% 58
Automated Trading
45 45%
55% 55
Cryptocurrency Investment

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare Kryll.io and Shrimpy

Kryll.io Reviews

  1. Kryll is my Go-To Trading Bot Platform

    I recently discovered kryll.io's trading bot strategy editor and I have to say, I'm thoroughly impressed! As someone who has tried several other trading bot platforms, I can confidently say that kryll.io's editor stands out for several reasons.

    Firstly, the editor itself is incredibly user-friendly and intuitive. Even as a relative newcomer to the world of trading bots, I was able to easily create and fine-tune my strategies with ease. The drag-and-drop interface makes it easy to add and adjust indicators, conditions, and actions, and the real-time preview feature allows you to see exactly how your strategy will behave in the market.

    But what really sets kryll.io apart is the sheer range of tools and features available. the platform is incredibly reliable and fast. I've had zero issues with lag or crashes, and my bots have executed trades flawlessly.

    I highly recommend kryll.io anyone looking to automate their trading strategies.

    👍 Pros:    No-code|Quick and easy|Efficient|Non-custodial trading terminal|Paper trading|Future trading|Transparent trading bot marketplace|Token swap|Pay per use|Tokenomics|Webhook
    👎 Cons:    Token needed|No customer support by phone
  2. The only good crypto bot platform.

    I've been using Kryll.io for a few months now, and it's hands down the best automated trading platform available. The user interface is intuitive, making it easy for me to create and customize my trading strategies. The range of tools and indicators provided has significantly improved my trading efficiency, and I've seen a noticeable increase in my profits on my Binance. I recommend using the bots already made to start as there's already some pretty good ones.

    🏁 Competitors: 3commas, Shrimpy, Cryptohopper
    👍 Pros:    Algo|High profitability
  3. Nelson
    · Data analyst at Agenco ·
    Best trading bot platform

    I have tried a lot of trading bot platform, but I must say this one really surprised me!

    🏁 Competitors: 3commas
    👍 Pros:    Easy to use|Convenient|Nice interface|Nice feature|Powerful,unique
    👎 Cons:    Once had a bug, but it was fixed

Shrimpy Reviews

10 BEST Crypto Trading Bots for Automated Trading (2023)
Shrimpy is a social trading platform made for cryptocurrency. This application has automated trading strategies that help you improve performance and reduce risk. It helps you build portfolio strategy, track performance, and monitor the market.
Source: www.guru99.com
10 Best Crypto Bots
Among the best cryptocurrency trading bots, Shrimpy bot has something to say, which is actually a social trading platform for cryptocurrencies. There are ready-made strategies for users that help them perform well in the market. It also reduces the risk of trading and helps the user to make stock strategies.
Source: barterify.org
Best crypto trading bots 2020
Shrimpy, also known as an older brother of Crabby, is a little bit different to the trading bots we’ve addressed so far. It’s a cloud-based service built to rebalance your portfolio in the moments when the cryptocurrency market fluctuates.
Source: tradesanta.com
11 Best Crypto APIs for Developers
Shrimpy’s Universal Crypto Exchange API allows 3rd-party application developers to leverage Shrimpy’s trading engine and server-side architecture to quickly implement and deploy their own application. Shrimpy’s API offers a low-latency order execution & automated trading engine based on real-time data, with the ability to manage users AND scale usage as necessary.
Source: medium.com

Social recommendations and mentions

Shrimpy might be a bit more popular than Kryll.io. We know about 6 links to it since March 2021 and only 5 links to Kryll.io. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Kryll.io mentions (5)

  • Invalid triggered price
    I am running a small test on KuCoin Futures with kryll.io, I got an error on one of the 7 trading pairs Invalid triggered price. Small tests, but can you explain what that error means? Source: about 2 years ago
  • Laughing Spanish dude goes through the Luna crash
    This kryll.io team really has the embedded shill strat locked down dont they? Source: about 3 years ago
  • Why Kryll?
    $KRL I just added more check out the website kryll.io. Source: over 3 years ago
  • Looking for someone to code a bot for crypto trading
    Give a look at https://kryll.io. Web app that can be great help for you. Source: about 4 years ago
  • Do any of you make money not directly AlgoTrading
    Give a look at https://kryll.io, they made a marketplace where you can rent the algos you create without letting users see directly the code : they only can backtest your algo. Source: about 4 years ago

Shrimpy mentions (6)

  • Should a crypto index contain stablecoins?
    I'm considering setting up an automatic crypto index/automatic portfolio rebalancer for a portion of my holdings, and I'm playing around a bit with the tools at shrimpy.io. My plan is to include some of the top coins by marketcap and some coins that I believe in long term. I want the portfolio to rebalance by threshold, meaning that whenever a coin gains or loses value beyond a set percentage, the entire portfolio... Source: almost 3 years ago
  • Can anyone suggest me any social trading platform?
    Nobody mentioned https://shrimpy.io yet – it's a pay to play thing, but it's spot-on exactly what you're asking for, and it also has utility for rebalancing even when you are not "copy-trading.". Source: about 3 years ago
  • Weekend Discussion Thread for the Weekend of October 22, 2021
    Hello All, I am looking for a platform like shrimpy.io but for stocks. I want to connect the platform using API with my stockbroker and create a weekly portfolio of stocks that will automatically place trades for me for ratio selected and execute stop loss when it reaches a level of loss. Good to have automatic sell all on take profit too. Any recommendations? Thanks in advance. Source: over 3 years ago
  • What’s your dream portfolio for rebalancing? Here’s mine.
    But please let us pick our rebalancing strategy! As in threshold rebalancing or frequency balancing. Threshold rebalance will rebalance when 1 asset deviates +/- % from it's target allocation %. Frequency balancing just rebalances every N days, N weeks, or N months. Also having a stop loss ability would be great, like if the portfolio value drops N % it triggers a stop loss. At least these are key features to how... Source: almost 4 years ago
  • Just looking for a level headed explanation on how this happens. So many stocks (especially heavily shorted ones) took IDENTICAL dips at 12:20pm eastern
    Shrimpy just watches the profiles of good crypto traders and lets you subscribe portions or all of your portfolio to them. I think their incentive, besides earning their own money in the market, is shrimpy pays them based on how many subscribers they get etc. http://shrimpy.io I was skeptical as fuck at first but actually even as crypto was crashing these guys navigated things pretty well, a lot better than I... Source: about 4 years ago
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What are some alternatives?

When comparing Kryll.io and Shrimpy, you can also consider the following products

Cryptohopper - Cryptohopper is the best crypto trading bot currently available, 24/7 trading automatically in the cloud. Easy to use, powerful and extremely safe. Trade your cryptocurrency now with Cryptohopper, the automated crypto trading bot.

3commas - 3commas.io provides tools for cryptocurrency traders and investors.

Zignaly - Zignaly, a crypto trading bot platform to trade automatically even while you sleep. Never miss a trade opportunity again. Start your free trial today!

Coinrule - Coinrule empowers traders to compete with professional algorithmic traders and hedge funds.

HaasOnline - Best crypto trading bot platform trusted by thousands of traders.

Trality - Trality is an automated investing platform offering fully automated bots and portfolios through its innovative Marketplace. The marketplace enables investors to discover, review and rent profitable trading bots created by other expert Trality users.