I'm totally new to crypto but I've set up a wallet and it has funds in it (bitcoin.com.au). Now I want to pay for something online from an overseas website. They accept cypto and it says they use "NowPayments" I assume "NowPayments is the vast name? The problem is that name isn't on the list accepted by bitcoin.com.au. Does that mean I can't use bitcoin to pay them? I also tried selecting the option to transfer to a "personal wallet" Is this a correct thing to do? I was going to give it a try but it then said "A withdrawal fee of BTC 0.0002 applies" WTF? I only wanted to transfer 0.000158 (12 USD) so how can they be charging me more than that as a fee? Please help I am really confused and I haven't been able to find any guides to the whole process.
help with online purchase using bitcoin
byu/Sweet-Virus-838 inBitcoin
Posted by Sweet-Virus-838
2 Comments
nowpayments isn’t a wallet
it’s just a payment gateway, so you can still pay by sending Bitcoin to the address they give, but your issue is the network fee being higher than your amount
Not familiar with either “NowPayments” or “bitcoin.com.au” I’m afraid, and neither is on any of the community-trusted lists of reputable options.
As a (very) brief summary:
***Wallets*** are for sending & receiving bitcoin.
***Exchanges*** are for buying & selling bitcoin.
Check the [faq/wiki](https://www.reddit.com/r/BitcoinBeginners/comments/g42ijd/faq_for_beginners/) over on /r/BitcoinBeginners for a list of trusted, reputable wallets & exchanges.
The basic idea is to buy on an exchange, and withdraw to your own wallet.
Once it’s in your own wallet, you can send funds to anyone who accepts bitcoin as payment.
Fees to buy/sell/withdraw vary widely among exchanges so shop around, but once it’s in your own wallet there’s only the bitcoin transaction fee to consider, which is usually pretty small (currently ~$0.11/£0.08/€0.09).