How To: transfer funds into a new portfolio

Don't have time to read an article? We've got you covered! Check out our tutorial video below.

Transferring funds allows people to move funds from one portfolio to another portfolio. Funds that have been transferred can then be managed by the automation strategies that are defined for the other portfolio.

Step 1: Identify the "Manage Portfolios" Button

Transferring funds is done through the "Manage Portfolios" dialog.

Step 2: Select the portfolio you want to transfer from

In the dialog you see after clicking "Manage Portfolios" you will have the chance to create a new portfolio or select an existing portfolio. Before you can transfer funds, you will need to have at least 2 portfolios. 

Once you have two portfolios, select the portfolio you would like to transfer funds from. 

Step 3: Select the portfolio you want to transfer to

Once you select the portfolio you want to select from, you will need to select the portfolio you want to transfer to using the drop-down. 

Step 4: Select the funds you want to transfer 

Now, you will select the funds you would like to transfer. There is a slider that you can use to quickly pick a rough amount or you can use the input box to specifically set an amount you would like to transfer. If you want to transfer the entire amount of an asset, you can click on the amount underneath the asset name.

Step 5: Select "Transfer"

After selecting the assets you want to transfer, click the "Transfer" button. This will take the action to move your funds to the new portfolio. 

Please note that you cannot move funds during a rebalance or Dollar-cost averaging event. Since trades are being made, the amounts that can be transferred will be changing. In order to prevent failures, we prevent transfers during these trading events. 

That’s it!

You can now close out of this dialog and start managing your individual portfolios. If you navigate to the portfolio you transferred funds into on the dashboard, you will now see the portfolio has the funds that were transferred. 

Have questions, comments or concerns? Feel free to reach out to us via the blue "Support" button found in the bottom left corner of your Dashboard, or send an email to Support@Shrimpy.io.