Linking Bittrex API Keys [Tutorial]

ShrimpyApp
Oct 24, 2018 · 6 min read
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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?

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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…

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Bittrex requires 2FA login before you can create an API key.

Shrimpy allows for any number of exchange accounts to be linked to a single Shrimpy account. That means if you want to have 10 Bittrex accounts linked to Shrimpy, you are more than welcome. If you want to link 3 Bittrex, 1 Binance, 9 KuCoin, 5 Coinbase Pro, 7 Kraken, and 31 Poloniex exchange accounts, this is all possible inside a single Shrimpy account.

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

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Step 1: Logging into your Bittrex account, you will see the following screen. Click on “Settings”.

Step 1

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Step 2: Navigate to the “API Keys” tab and then select “Add new key”.

Step 2

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Step 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.

Step 3

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Step 4: Copy your key and Secret for use in the Shrimpy application.

Step 4

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Step 5: Navigate to “Settings” and then “Exchange”. This is where you will enter your Bittrex API key and secret. Once you have done this, select “LINK EXCHANGE”.

Step 5

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 support@shrimpy.io.

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Step 6: Now, select your allocations you would like to maintain in your portfolio.

Step 6

It’s now time to experience the exciting features that are waiting for you inside the application. Starting with the “Allocations” tab. Clicking this tab, you will quickly see there are a list of assets which are available on the exchange you linked. This is where you should select the assets you would like to have in your portfolio.

These are the assets that will be bought or sold in order to reach your target allocations. The target allocations are the assets and percentages that are specified in the pink box (above). Anything that is not in your allocations will be sold in order to buy these assets. Essentially, treat this box as what you want your entire portfolio to become. Shrimpy will do the rest to reach this goal.

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Step 7: Click the “Rebalance Now” button to perform all of the trades necessary to construct your portfolio.

Step 7

How often should I rebalance? How many assets should I include?

Always do your own research (DYOR).

We’ve written a bit about how to avoid scams in the past. If you haven’t you should definitely check it out.

Next, here’s a link to our latest research on how portfolios with different assets and rebalance periods have performed.

Short summary is that in the past portfolios with ~20 assets and a rebalance period of every 1 hour have far out-performed other portfolios. Adding more cryptos after 20 did help returns, albeit at a lower rate.

What about security?

Rebalancing with Shrimpy

Sign up by clicking here.

If you still aren’t sure, try out the demo to see everything we have to offer!

Looking for Something Else?


Don’t forget to check out the Shrimpy website, follow us on Twitter and Facebook for updates, and ask any questions to our amazing, active communities on Telegram & Discord.

Leave a comment to let us know your experiences with rebalancing!

The Shrimpy Team

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