Shrimpy has become a popular platform for cryptocurrency portfolio management and automated trading. It allows users to easily manage their crypto across multiple exchanges, set custom trading rules, and automate their portfolio in an efficient manner.
However, as great as Shrimpy is, it may not be the perfect fit for every crypto trader‘s needs. That‘s where Shrimpy alternatives come in.
In this guide, we‘ll explore the top 5 Shrimpy alternatives for 2023. We‘ll look at the key features of each platform, the types of bots and trading strategies available, pricing, supported exchanges, and more.
Contents
Overview of Top Shrimpy Alternatives
Here‘s a quick overview of the top Shrimpy alternatives we‘ll cover:
- Pionex – The best overall Shrimpy alternative with 16 free trading bots. Offers grid bots, arbitrage bots, trailing bots, and more.
- Coinrule – Advanced yet easy to use rule-based trading automation. Build automated strategies with over 150 rules.
- Bitsgap – All-in-one platform with bots, arbitrage, portfolio management and more.
- TradeSanta – Cloud-based crypto trading platform with grid bots and basic trading automation.
- 3Commas – Established trading bot platform with excellent trading features and bot marketplace.
Next, let‘s dive into the details of each platform.
1. Pionex
Pionex is one of the top Shrimpy alternatives available today. This Singapore-based crypto trading platform offers 16 different trading bots for free.
Some of the standout features of Pionex include:
- 16 Free Trading Bots – Access arbitrage bots, grid trading bots, trailing bots, TWAP bots and more without any subscription fees.
- Built-in Crypto Exchange – Trade directly on Pionex‘s built-in exchange without having to connect external accounts.
- Trading Bot Strategies – Choose from long or short bots, infinity grids, margin grids, and other advanced strategies.
- Mobile App – Manage your trading and bots on iOS and Android apps.
Let‘s take a closer look at Pionex‘s trading bots and features:
Trading Bots on Pionex
Pionex offers the following crypto trading bots:
- Grid Trading Bot – Automatically buys low and sells high within a price range.
- Arbitrage Bot – Profits from price differences between exchanges.
- Trailing Bot – Follows trends and sells at optimal times.
- TWAP Bot – Executes large orders smoothly based on time-weighted average price.
- Dollar Cost Averaging Bot – Invests fixed amounts at regular intervals.
- Martingale Bot – Increases order sizes after losses to profit over time.
- Leveraged Bots – Trade with leverage for potential greater profits.
- Infinity Grid Bot – Sells at progressively higher prices for positive trend markets.
- Reverse Grid Bot – Opposite of Infinity Grid, ideal for downward trends.
- Spot-Futures Arbitrage – Capitalizes on price gaps between spot and futures.
- Rebalancing Bot – Helps maintain target allocations across tokens.
As you can see, Pionex offers a diverse selection of advanced trading bots for free. The platform handles all the complexity behind the bots, making them easy to use for any trader.
Pros and Cons of Pionex
Here are the main advantages and potential drawbacks of using Pionex:
Pros
- Free access to 16 trading bots without subscription fees
- Cloud-based bots are easy to set up and use
- Automated strategies save time and effort
- Built-in exchange means no external accounts needed
- Active development and improvements
Cons
- Bots only work on Pionex exchange, not external ones
- Unexpected bot behavior can lead to losses
- Less customization compared to self-coded bots
- Only supports 3 exchanges natively
Get Started With Pionex
Pionex makes it easy to get started automating your crypto trading. Just sign up for an account, connect your exchange API keys, and configure your first bot in minutes.
Join Pionex and start using their trading bots for free today.
2. Coinrule
For flexible rule-based trading automation, Coinrule is a top choice. Coinrule allows you to create customized trading strategies without coding.
Some key aspects of Coinrule include:
- 150+ Trading Rules – Build strategies combining rules for indicators, signals, filters, orders, etc.
- Intuitive Editor – Visually construct strategies with an easy drag-and-drop editor.
- Backtesting – Test strategies against historical data to improve performance.
- Mobile Apps – Monitor your portfolio and strategies on the go.
- Exchange Integration – Connect to 16 major exchanges including Binance, Coinbase Pro, Kraken, Bitfinex, and KuCoin.
Next, let‘s check out Coinrule‘s trading bots and features in more detail.
Trading Bots on Coinrule
While Coinrule doesn‘t offer traditional packaged bots, you can use its rules to construct your own custom bots. Some examples include:
- Grid Bots – Set rules to buy at regular price intervals and sell atprofit targets.
- DCA Bots – Automate periodic purchases using dollar cost averaging.
- Scalping Bots – Create rules to profit from small rapid trades.
- Trend Trading – Enter positions based on momentum indicators and trend signals.
- Mean Reversion – Build bots capitalizing on oscillating price patterns.
Coinrule makes it easy to translate any trading logic you can imagine into automated strategies. No coding experience required!
Pros and Cons of Coinrule
Some advantages and potential limitations of Coinrule include:
Pros
- Powerful rule-based trading automation
- Intuitive visual strategy builder
- Wide exchange integration
- Free unlimited backtesting
- Active development and improvements
Cons
- Steeper learning curve than blackbox bots
- Requires understanding of trading signals
- No built-in exchange, external accounts needed
- Subscription fees may be expensive for some
Get Started with Coinrule
Ready give Coinrule a try? You can sign up for a free account to access all features and start building automated crypto trading strategies with no risk.
Create your free Coinrule account here.
3. Bitsgap
Bitsgap brands itself as a one-stop automated crypto trading platform. Along with bot trading, it offers portfolio tracking, arbitrage opportunities, trading signals, and more.
Here are some of the key capabilities Bitsgap provides:
- Grid Bots – Automated buy low, sell high trading.
- Arbitrage Bot – Inter-exchange price arbitrage.
- Trailing Bot – Trails trends to sell at optimal prices.
- Portfolio Manager – Track and manage all exchange assets.
- Trading Terminal – Make quick manual trades across exchanges.
- 17 Exchange Integrations – Connect your Binance, Coinbase Pro, Kucoin accounts and more.
Bitsgap aims to provide an all-in-one automated trading experience. Next let‘s go over the platform‘s bots and features in more detail.
Trading Bots on Bitsgap
Bitsgap offers the following crypto trading bots:
- Grid Bots – Executes automated buy and sell orders within set price ranges.
- Arbitrage Bot – Automatically capitalizes on price discrepancies across exchanges.
- Trailing Bot – Follows uptrends and downtrends with trailing orders.
In addition, Bitsgap provides templates to easily create Long and Short bots for directional trading.
While Bitsgap has fewer overall bots compared to Pionex or Coinrule, the bots themselves are powerful and easy to use.
Pros and Cons of Bitsgap
Here are some of the key upsides and downsides of using the Bitsgap platform:
Pros
- All-in-one trading solution
- Powerful grid and arbitrage bots
- 17 integrated exchanges
- Easy to use terminal and UI
- 7-day free trial
Cons
- Monthly subscription fees
- Limited bot types compared to alternatives
- Can take time to master all features
Get Started with Bitsgap
Want to test drive Bitsgap‘s automated trading capabilities? New users can sign up for a 7-day free trial.
Start your free Bitsgap trial here.
4. TradeSanta
For a basic yet affordable trading automation option, TradeSanta is another good Shrimpy alternative to consider.
Some of TradeSanta‘s notable features include:
- Cloud-based platform requires no installation or maintenance.
- Grid Bots – Grid trading bots with customizable parameters.
- DCA Bots – Automated dollar cost averaging bots.
- Long/Short Bots – Directional trading bots.
- Free Account Option – Use basic features without paying.
While TradeSanta doesn‘t have the most advanced bots, its cloud-based simplicity and free option make it appealing for beginners.
Trading Bots on TradeSanta
TradeSanta focuses on providing user-friendly grid trading bots. The platform offers:
- Grid Bots – Executes buy low / sell high within price ranges.
- DCA Bots – Regular automated buying at set intervals.
- Long/Short Bots – Simple directional trading bots.
In addition to the pre-made bot templates, you can also create custom bots using TradeSanta‘s intuitive web interface.
The limited bot selection makes TradeSanta less ideal for advanced traders. But it‘s straightforward approach can be a good fit for crypto beginners.
Pros and Cons of TradeSanta
Below are some key advantages and limitations to TradeSanta:
Pros
- Easy to use cloud-based platform
- Intuitive grid and DCA bots
- Free account option available
- Good for beginners
Cons
- Very limited bot selection
- Lacks advanced trading features
- Not ideal for experienced traders
Get Started with TradeSanta
Want to try TradeSanta risk-free? All accounts come with a 7 day money back guarantee.
Start using TradeSanta bots for free.
5. 3Commas
Last but not least, 3Commas is another top established trading bot platform and Shrimpy competitor. Some key aspects include:
- Trading Bot Marketplace – Access bots developed by the 3Commas community.
- SmartTrade – Make automated trades based on technical indicators.
- Copy Trading – Copy top-performing portfolios.
- 26 Exchange Integrations – Connect Binance, Bittrex, KuCoin, and many other exchanges.
While 3Commas offers some great advanced functionality, the free plan is somewhat limited compared to alternatives like Pionex.
Trading Bots on 3Commas
3Commas provides the following crypto trading bots:
- Grid Bots – Executes grid trading strategies.
- DCA Bots – Automates dollar cost averaging purchases.
- Order Bots – Entry and exit trades based on indicators.
- Composite Bots – Combine multiple connected bots.
In addition, 3Commas offers a marketplace with paid bots developed by other users you can purchase.
The abilities 3Commas provides for complex bot development and interaction make it appealing to advanced crypto traders.
Pros and Cons of 3Commas
Here are some of the key benefits and drawbacks of 3Commas to consider:
Pros
- Advanced trading features and bot marketplace
- SmartTrade automated trading
- Portfolio copying capabilities
- 26 exchange integrations
Cons
- Free plan has limited functionality
- Can be complex for beginners
- Bots are not free like Pionex
Get Started with 3Commas
Ready to try 3Commas? You can create an account free account to access basic functionality.
Create your free 3Commas account here.
Conclusion
We‘ve covered a lot of ground on the top Shrimpy alternatives available in 2023. Here‘s a quick recap of our top picks:
- Pionex – Best overall alternative with its 16 free trading bots.
- Coinrule – Excellent for customized rule-based trading automation.
- Bitsgap – Great one-stop platform with arbitrage and portfolio management.
- TradeSanta – Simple cloud-based basic trading bots.
- 3Commas – Advanced trading features for experienced traders.
The right platform for you depends on your specific needs and level of trading experience. New traders may prefer the simplicity of TradeSanta or predefined bots on Pionex.
Advanced traders can take advantage of platforms like Coinrule and 3Commas to build complex automated strategies.
No matter which platform you choose, automating parts of your trading through Shrimpy alternatives can free up time, reduce stress, and potentially improve your results.
