Need help connecting Shrimpy to Bittrex?
Make it easy to diversify and rebalance by connecting your API Keys to Shrimpy.
We’ve had a ton of growth recently and realized we needed a step-by-step guide (with lots of pictures) to help you unlock the power of Shrimpy for free. If you don’t know what rebalancing is or the benefits of rebalancing, check out the our overview of portfolio rebalancing for cryptocurrency.
So you’ve got a Shrimpy account, a Bittrex account, you know rebalancing could help you, but you don’t understand API keys or how to use them. Keep reading!
What are API Keys anyways?
What Bittrex says about API keys
Above is what Bittrex says about API Keys. Basically in order to rebalance and diversify your portfolio we need an API to talk to the exchange.
Before we start…
Bittrex requires 2FA login before you can create an API key.
If you’ve already connected your API Key and would like to jump ahead, read about our research from over 200,000 tests on how portfolios would have performed with different numbers of cryptocurrencies. There’s a short summary at the end with a link to the research as well.
How to get Bittrex API Key and Secret Key
Figure 1: Logging into your Bittrex account, you will see the following screen. Click on “Settings”.
Log into your Bittrex account. Once you have logged in, click on “Settings” in the top right corner. You can see in the above image a pink square around the location of the “Settings” tab.
Figure 2: Navigate to the “API Keys” tab and then select “Add new key”.
Once you have navigated to the settings tab on Bittrex, click on “API Keys” to view your API keys, and then “Add new key”.
Figure 3: A new key item will pop up. Select the settings you would like this key to have. Shrimpy requires “READ INFO”, “TRADE LIMIT”, and “TRADE MARKET”. “WITHDRAWAL” should be left DISABLED.
Creating a new key will present you with a number of toggles that you can use to disable or enable each setting. The Shrimpy application only requires the first three settings to be enabled. These settings are “READ INFO”, “TRADE LIMIT”, and “TRADE MARKET”. Shrimpy does not require “WITHDRAWAL”, so this setting should be left disabled. After you have enabled these settings, click “Save”.
Figure 4: Copy your key and Secret for use in the Shrimpy application.
After your settings have been saved, the “Key” and “Secret” will be revealed for this API key. These values should be copied for use in the next step. It should be noted that once you leave this page on Bittrex, you will not be able to retrieve your “Secret” again.
Now that you have the 2 different components for your Bittrex API Keys, you can connect your account to Shrimpy.
Once you have logged into Shrimpy, select “Bittrex” as your exchange and paste your “API key” and “Secret Key”into the Shrimpy application. You can find the page to input new exchanges by navigating to “Settings” and then “Exchange”. Once the keys and passphrase have been copied into the correct fields, click the “LINK EXCHANGE” button.
At this time data should populate in your account dashboard. If it does not populate immediately, please allow up to 15 minutes for the data to populate. If it still does not populate after 15 minutes, please contact us at email@example.com.
Congratulations! You have successfully connected your API keys to Shrimpy.
It’s now time to experience the exciting features that are waiting for you inside the application. Starting with the “Automation” tab. On this tab, you can select assets to include in your portfolio by selecting "Add Assets". You can also automate an index using the "Create Index" button.
Don't forget to set a rebalance period or select a threshold rebalancing strategy to automate your portfolio.
The assets included here are the ones that will be bought or sold by Shrimpy in order to reach the desired percentage of each asset. The target allocations are the assets and percentages that are specified under “Allocation”. Anything that is not in your allocations will be sold in order to buy these assets. Essentially, treat this list of assets that you select as what you portfolio to become. Shrimpy will do the rest to reach this goal.
The “Rebalance Now” button is the way you let Shrimpy know you want to perform trades immediately. Once you hit that button, it will perform all of the necessary trades to reach the target allocations that were specified on the “Automation” tab. If your portfolio has already been created and is close to your target allocations, it will simply realign your allocations to match your target allocations.