Shrimpy - Automated Crypto Portfolio Management App

in #steemhunt6 years ago (edited)

Shrimpy

Automated Crypto Portfolio Management App


Screenshots

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Hunter's comment

This is a free app which allows you to manage portfolio in easy and pretty way and also it does rebalacing for you.

You load API keys yo chosen exchange - Bittrex, Binance or Poloniex and then you chose coins you want to hold and % of each. With one click it buys all the coins from your budget and keeps rebalancing them to make you profits. So if one coin profits, it seels it and uses the extra profit to again share % you chose as base between coins.

I you dont want to rebalance but just see your total gains and loses then you can use this site just for checking your balances and making charts.

Important - use this only on HODL account, not on day trading one. At this moment its using full balance of the account for its trades, you cannot choose % to be used, it just uses the whole portfolio.


Link

https://www.shrimpy.io/


Contributors

Hunter: @kingscrown



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let me try it I have blockfolio, it's a great app but sometime it seems too much

PROS :

  • All your cryptos can be managed through this app
  • You can get a detailed performance analysis of crypto you hodl
  • Easy to use interface

CONS :

  • Some amount of service tax is deducted
  • Suitable for Long term investors .

Pros :

  • A very convenient way of organizing your crypto portfolio
  • Theres a dashboard where you can see your statistic performance
  • Can be integrated to Binance, Bittres and Poloniex
  • It has security features, analysis and rebalancing features

Cons :

  • Need to understand how crypto works for newbies

SteemHunt2.png

Pros:

  • Great way to keep track of your crypto
  • Multiple exchanges to pick from

Cons:

  • No Bitshares Dex support

Overall:

  • Will be a good app to use for someone that has accounts on the exchanges it provides.

Pros:

  • Great for crypto HODLers who are using multi cryptocurrency exchanges. They dont have to open different tabs just to execute transactions
  • Risk of losing can be lessened because of its rebalancing features. In return, profits might be potentially increased.
  • You can track your crypto assets from diversified exchanges in one place and see the totally of your crypto values

Cons:

  • Definitely not the best tool for day traders since it is designed for HODLs or longterm crypto investments

Keep up the hunt!
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Thank you for the shout out! If anyone has questions, I would be happy to answer them. The application is undergoing rapid development, so we have an aggressive timeline we would love to discuss!

Well... my main concern would be (as always): security.

Security is an important concern to have. We have built in great security features from the very beginning. This means 2FA, API keys shouldn't allow withdrawal access, encryption of API keys, and we use FIPS 140-2 validated hardware security modules (HSMs) to protect the confidentiality and integrity of your Exchange API keys.

😲 Nice Hunt @kingscrow 😲

Pros:
From the short explanation you are presenting, "Shrimpy" is an innovative product that provides various benefits including:

  • Free-To-Use.
    However, the "Free" app is one of the best options, especially if it provides the same advantages as "paid".
  • Portfolio & Rebalancing Function.
    Both functions make it easier for users to manage their funds.
    Rebalancing ability makes this application able to buy various coins from various exchanges, with the logic rebalancing that has been determined. Uniquely, you can do it with "one click" only.

Cons:
Currently useful only for use in HODL accounts.

looks like invest.io

Pros :

  • A great way to manage your cryptocurrency portfolio
  • It can be integrated to Binance, Bittres and Poloniex where you can select what cryptoassets that you want to add
  • You can easily set your desired cryptoassets and have them customized so you will have a better portfolio
  • It can track your cryptoassets performance by just looking into their dashboard
  • It does provide security which makes your funds more secure and safe
  • It has automated rebalancing features that will show both risk and profits
  • It does provide a quick way analysis to cryptocurrency

Cons :

  • Mostly intended for cryptocurrency
  • Need some basic technical knowledge on how to integrate it to supported crypto exchanger

Con: tax nightmare

there might be chances. =)