Step 1: Prepare the Coconut Coating In a shallow bowl, combine the sweetened coconut flakes and plain panko breadcrumbs. Stir everything together until the mixture is evenly blended.

Step 2: Season the Flour Take another shallow bowl and add the all-purpose flour. Mix in the salt, black pepper, garlic powder, paprika, and onion powder. Stir well so the seasonings are evenly distributed throughout the flour.

Step 3: Make the Egg Wash In a separate bowl, crack the eggs and add the water. Whisk until the mixture is smooth and fully combined.

Step 4: Bread the Shrimp Dip each shrimp first into the seasoned flour, then into the egg wash, and finally press the shrimp into the coconut and panko mixture, coating it well on all sides.

Step 5: Heat the Oil Pour peanut oil into a deep skillet or frying pan, making sure there is enough for shallow frying. Heat the oil to 350°F (175°C).

Step 6: Fry the Shrimp Carefully place the breaded shrimp into the hot oil in batches, frying for about 2 to 3 minutes per side, or until they turn golden brown and crispy.

Step 7: Drain and Serve Once fully cooked, transfer the shrimp to a plate lined with paper towels to drain any excess oil. Serve them hot with cocktail sauce on the side.