Dropping dips: What Is Happening With Cryptocurrencies?

There are lots of ups and downs happening in the crypto world.

So let’s take a look at what might be causing it, whether you are an investor or not it will affect you directly or indirectly.

The huge drop in bitcoin and other cryptocurrencies comes as a swarm of negative news and events, ranging from Tesla CEO Elon Musk.

To a fresh new round of Chinese government laws, which have impacted an asset class that has been characterized by high volatility since its inception.

The main cryptocurrency plunged to more than three-month lows, dropping to under $34,000.

At one point for a drop of more than 30% and continuing a week of promotion within the crypto market.

Ether, the primary token for the Ethereum blockchain network, fell significantly.

And fell underneath $2,000 at one point, a decrease of higher than 40%.

Since September, the price of bitcoin has increased by more than 200 percent

The result of a strong bull movement fueled in part by hedge fund managers, banks, and other corporations acting to embrace cryptocurrencies.

Retreats by supported institutions.

Part of the reason for bitcoin’s weakness looks to be at least a momentary reversal inside the concept of broader cryptocurrency attraction.

Musk announced earlier this year that he was looking for more than $1 billion of it for his automaker’s balance sheet.

Several bill businesses announced that they were updating their capabilities for more crypto activities.

Major Wall Street banks began working on crypto purchasing and selling groups for their clientele.

However, Musk said recently that Tesla will no longer accept bitcoin as payment, citing environmental concerns.

Effect of regulation

Bitcoin and associated assets have also grown in importance in the global financial industry, attracting the attention of regulatory bodies all over the world.

China, which is creating its state-owned cryptocurrency, repeated its prohibitions on other cryptocurrencies, to prohibit financial firms from offering cryptocurrency trading services.

In the United States, Gary Gensler, the recently appointed head of the Securities and Exchange Commission

Stated earlier this month that regulators should be “technologically neutral,” but the US cryptocurrency industry needs stronger consumer protection.

The Market effect

The surge in popularity of Dogecoin (which started as a joke and then grew with Musk’s support)

May further damage overall trust in the cryptocurrency industry.

Rather than an increase in institutional interest, the bull market is associated with an increase in speculative day trading inequities.

There has been an upsurge in interest in other cryptocurrencies with bad reputations in recent weeks.

Barstool Sports founder Dave Portnoy claimed that he had acquired $40,000 worth of Safemoon cryptocurrency.

Which he regarded as a poor coin.


Although these changes may not take long,they will definitely bring numerous changes to the crypto market.

And related services,as well as providers such as Coinremitter,Coinbase,etc.

However, people also have the opportunity to invest in Bitcoin, because it has fallen so far.

And people can bear the risk of investment, but we cannot say how much Bitcoin will fall.

In general, the market tends to repeat itself. If it drops so much, it is likely to rise again, but we don’t know how.


Auto-withdrawal function how to stop it in Coinremitter?

Coinremitter gives the auto-withdrawal function to all of its members.

The auto-withdrawal function works every 30 minutes automatically, and as you might know, it requires the external address to function.

This function saves your time, as it fuctions automatically.

In any case, you want to stop this function for certain coins. You need to have a premium membership of coinremitter. If you don’t then you cannot do it.

If you want to opt for the premium plan you can click here.

Stopping the automatic withdrawal function will not stop or affect any other function of the wallet except the withdrawal function

Note: Remember you still need an external address, even after stopping the auto-withdrawal function.

Follow the step below to stop the function.

Steps to Stop Auto-Withdrawal

  1. Login to your account
  2. Go to wallet Section
  3. In the wallet, you need to go to the general section
  4. There you will see withdrawal-type
  5. Select manual to stop auto-withdrawal

This is the procedure you need to follow to stop the function for all crypto wallets.

Note: You can not stop this function for USDT ERC20, ETH & BNB coin regardless of whether you are a premium member or not.

Final Remark

Auto-withdrawal means to provide better and efficient service to you. If you still want to stop the function you can do so.

I hope you found out how to stop the function in the Coinremitter wallet.


Listing Announcement! Now Accept-Send Binance Smart Chain and Binance Pegged USDT.

Coinremitter, we are pleased to announce that we will soon fully support the Binance Smart Chain & Binance Pegged USDT.

On Crypto wallet & payment gateway services, available to merchants and wallet users on our platform.

Which will add an advantage for anyone on our platform that can boost profits due to the lower fees.

Binance Smart Chain

This Coin is a blockchain project which was initiated by Binance.

We want to ensure the creation of a blockchain that will serve as an alternative marketplace for issuing, using, and exchanging digital assets in a decentralized manner.

Binance Pegged USDT

Binance-Peg tokens are BEP20 tokens that are backed by tokens vaults in Binance public addresses and are part of a new initiative known as Project Token Canal.

A pegged token by Binance gives you the joint benefits of open blockchain technology and traditional currency by converting your cash into a stable digital currency equivalent.

Soon all users can start depositing Binance Smart Chain, and Binance Pegged USDT in their Coinremitter Wallets.

And respective merchants across the globe as well as can start accepting payment.

You can also see the official announcement on the Twitter account.


What is the external address in coinremitter and where to get it from?

coinremitter provides the auto-withdrawal feature for every wallet. So it requires your external address to withdraw funds automatically from your wallet. 

However, you can stop the auto-withdrawal feature in some coins but an external address is required in every coin wallet.

Every digital wallet has its unique address and it differs from cryptocurrency to cryptocurrencies

But when it comes to an external address in coinremitter it simply means all the addresses which must not belong to coinremitter wallet address but the address of other wallets from different digital wallet platforms, like,, etc.

First, let’s see what can be considered as the external address.

For example, you have an account in coinremitter and also in third-party sites like exchanges or wallet provider.

The coin address of the third party will be considered as an external address in the coinremitter.

You might have a question about what it is used for and how it is going to help you.

As you might know that coinremitter is just not a digital wallet platform but also provides you a gateway facility.

So, having an external address in your coinremitter wallet will you get money (coins) to that address through your coinremitter wallet address when you enable the auto-withdrawal feature.

You can not set a litecoin address as an external address in a bitcoin wallet. you need to set an external address while creating a new wallet which you can edit later.

Steps to add external address.

  • Login to your account
  • Click new in wallet section
  • Create the particular coin wallet you want.
  • While creating a wallet you need to fill all required fields.
  • There you will see the External Address section.
  • Add the address over there & click create new wallet.

Note: Make sure you add the correct address in your wallet because once the fund is transferred then the coinremitter is not responsible for any issue related to that.

Final remark

This blog was to answer the question of what is it, what it is used for and how can you save it on your wallet. To receive payment on that address through coinremitter wallet address.


How to integrate coinremitter in WordPress?

We also provide our users to integrate coinremitter crypto gateway plugin into WordPress by using individuals websites.

In this paragraph, we will give you step by step information about how to integrate plugin.

1) Firstly, before the integration of the coinremitter crypto gateway, you must have to install the woo-commerce plugin and have to activate first.

2) Secondly, Click on the PLUGIN option (you will find It In the sidebar). Then select on ADD NEW option (you will find on the top of the page)

3) After selecting that option new page will pop up and it shows you different plugins. In contrast, you must click on the search option and type COINREMITTER CRYPTO PAYMENT GATEWAY.

4) After finding the plugin click on the INSTALL NOW AND Install it.

5) After the completion of the plugin, click on ACTIVATE. When you activate our plugin you will see COINREMITTER appear in the sidebar.

6) Congratulations! You have successfully installed our plugin on your website.

Check the video that we have made for your better understanding:

How to set up a wallet on the coinremitter plugin?

After successfully installing the Coinremitter plugin on WordPress now it’s time to create a wallet on our plugin.

Here is the step by step process of how to create a wallet on the coinremitter plugin.

1) First, open coinremitter and if you don’t have an account there then signup first or if you are already a member of our gateway then log in on the website.

2) When the dashboard page appears on the screen then click on the wallet option if you haven’t created a wallet on the coinremitter then click here to know more about How to create a wallet on the coinremitter.

3) If you already have a wallet on coinremitter then click on the wallet which will take you on the wallet address.

(Note: if you have already created a litecoin wallet on the coinremitter website then you should be required to create a litecoin wallet on plugin because if you create different coins wallets at the same time then the credentials of the wallet won’t work. For example, if you have a bitcoin wallet on coinremitter and you create a litecoin wallet on the plugin then the API key of bitcoin won’t work in a litecoin wallet. Therefore, make sure and be transparent while making wallets however, it requires the same wallet at both places.)

4) Click on Credential and you will get your API key and Password.

5) Copy your API key and set a new password as if you want to change otherwise it’ll be okay.

6) Now go back to WordPress and click on the Coinremitter plugin.

7) After clicking on it. The plugin’s main page will appear. Click on the Add wallet option and one box will appear.

8) This box will show you the options of coins but you must select that coin which you have already created on the Coinremitter website. For example, if you have a litecoin wallet on the website
then, you must select litecoin here too.

9) After that, it will ask for an API key and password. Paste your API key and write down your password.

10) After filling all the information click on Verify & Add. congratulations! You have successfully created your wallet on the Coinremitter plugin.

11) Now you can easily accept coins from your buyers in your coins wallet just by using the coinremitter plugin.