Bitcoin Forum

how do I buy goods with bitcoin? I am an absolute beginner. I have a bitcoin account and a wallet.

What sort of goods?

Electronics/ Computer parts: Newegg
Anything from Amazon with a discount: Purse.io
Games: G2A.com

For anything else, you can buy gift cards using bitcoin from these services: https://bitcointalk.org/index.php?topic=5208530.0

What bitcoin account? All you need is bitcoin wallet,I hope what you are referring to isn't those centralised crypto wallet that requires email and password to log in? If that's it make sure you move out your coins to a decentralized wallet like trust wallet or atomic wallet ASAP, not your keys not your coins

my account is COINFLOOR, my wallet is ELECTRUM

Coinfloor is a legit exchange but you shouldn't use it to store your bitcoins. Once you buy, withdraw the funds to your Electrum wallet.

This forum has a dedicated section for buying and selling goods with Bitcoin - https://bitcointalk.org/index.php?board=51.0, also check out the child boards. (Disclaimer - Scams are not moderated, use a trusted escrow)

To buy goods, you would need some bitcoins first, you can buy on exchanges or peer to peer platforms, and then visit a reputable website where Bitcoin is accepted for payments

There's not that much of a process if you want to pay your goods with bitcoin. You just follow the instruction that will pop during your purchase. It's either it will show you a bitcoin address where you're going to pay or send the bitcoin amount that they're asking or it will process you to connect to any of their partnered third party service for which they'll automatically deduct the amount from your wallet.

Do you have some Bitcoin in your wallet?
Wallet in itself not worth much, you need to have some value there, so you can buy anything.
What goods you want to buy and where?
buying with bitcoin is not much different from any shop with fiat money. you should definitely be careful and check if you are in the right place when you send your coins.

Literally I don't think there is a specific online store that enables buying of goods with bitcoin, but please I stand to be corrected if there is any. But I know of a platform known as localbitcoin(dot)com which enables user to sell Bitcoin and receive payment instantly in their Fiat currency  which you can use to purchase whatever goods you intend to buy..  Because as for me here in Nigeria, the platform I use to sell my bitcoin for Fiat is Remitano(dot)com, which is very fast and secure..

All you need is just your wallet and long as you have enough coin. And please you should be specific about what you want to trade your coin for so that you can be guided properly. The most important thing you do as a beginner is to understand the trade movements, and that can  only be achieved through consistent studies. First develope your understanding.

Good luck.

I'm sorry I don't even have the most basic knowledge. How do I transfer bitcoin from my account to my wallet? When it's in the wallet how do I spend it? I don't even know how to open the wallet and look inside it or do anything with it.

EKWB has a bitcoin payment option in their web shop, I bought some watercooling stuff from them recently and saw it during checkout.

Looks like you have a good amount of reading to do mate. This is something you really don't want to mess up if you don't want to lose money.

https://www.coindesk.com/learn/bitcoin-101/what-is-bitcoin
https://www.coindesk.com/learn/bitcoin-101/how-to-store-your-bitcoins
https://www.coindesk.com/learn/bitcoin-101/how-do-bitcoin-transactions-work

Thanks for that, but I'm still not sure how to send bitcoin from Coinfloor to my wallet?

doesn't Coinfloor have instructions on how to send/withdraw BTC from their website? usually, the exchange platform has instructions on how to send or withdraw on their FAQs or on the withdrawal page itself.

edit:
here's their FAQ for withdrawals on their website https://coinfloor.zendesk.com/hc/en-us/sections/360005155777-BTC-Withdrawals

I entered one of the many addresses listed under "Addresses" in Electrum, into Coinfloor, but it said "Address is not valid"

I am not an expert in electrum wallet but here are some threads I found here in the forum that could(maybe) help you fix the "invalid address" you are getting. if you are still skeptical you can wait for a more knowledgeable member to help you with the invalid address you got from electrum. sorry if I am not much of a help.

Electrum Generating invalid bitcoin address (https://bitcointalk.org/index.php?topic=5253648.0)
Beginner Question "The provided Bitcoin address is not valid" (https://bitcointalk.org/index.php?topic=5100921.0)

I suppose your address starts with a "bc1"? If so, you'll have to create a legacy wallet first because it appears that Coinfloor doesn't support bech32 addresses.

IIRC, it's no longer possible to create legacy wallets with the UI after the last electrum update so you'll have to do it using the command line. See this: https://www.reddit.com/r/Electrum/comments/mku14h/how_do_you_create_legacy_wallet_from_command_line/

I tried all that and it still says address invalid

Did you paste the address you got from the new wallet? The new wallet created by the command line should give you an address that starts with an "1". There is no way they would consider it as invalid unless you're trying to withdraw another cryptocurrency.

no the address started bc1

That's not what you should be doing. The command is not going to change your current wallet, It'll rather create another one which you can open by going to File > Open as explained on the link I gave you.

OK I did that. Now I've got 2 wallets: default wallet created 20/5/21 and wallet_1 created 24/5/21.  What do I do now?

I'm assuming the wallet_1 is the one you created using the command line?! If so, then try to open it. The addresses should start with a 1 which you can then use on Coinfloor.

In Electrum I go to Wallet_1 (Standard)  File>Open> Addresses   and all the addresses start bc1q....

That doesn't make much sense, especially if the command didn't return any errors...

Well, you can try and install Electrum version 4.0.9[1] since legacy wallets (UI) were dropped in 4.1.0. Create a new wallet and asked which wallet type, simply choose "Legacy" which you can then use anywhere.

Obviously, though, Using legacy addresses nor an outdated electrum version is not recommended.

[1] https://download.electrum.org/4.0.9/

If you are in a country that has the store that accepts bitcoin then you can do it, maybe you need to do research first about the stores in your area that is accepting bitcoin as payment. You can also visit this one if you want, https://bitcointalk.org/index.php?board=51.0
You should not store your bitcoin in the Coinfloor because there is no assurance that your money is safe in exchange, as exchanges are always having a problem in terms of hacking, you should store it all to your electrum.

Oladine, you need to understand that using Legacy addresses attracts a high transaction fee while the bech "bc1" gives chance for a low fee.

Oladine, you need to understand that using Legacy addresses attracts a high transaction fee while the bech "bc1" gives chance for a low fee.
Posted on: Today at 02:23:24 PM
Posted by: Alucard1

OK then if Coinfloor won't accept bc1 addresses where can I find somewhere which will accept them?  OR  if I have to use Legacy addresses how high is the fee in %

I downloaded Electrum 4.0.9 and now it has allowed me to use a bc1 address.

Now my problem is the minimum withdrawal amount allowed by Coinfloor is 0.005 BTC. I only have £50 in Coinfloor =0.001842 BTC

There is nothing you can do about that. You should've read their FAQ before depositing money.

For the future, you can try and look whether one of these exchange have better limits (ignore eToro): https://www.buybitcoinworldwide.com/united-kingdom/

OK, thanks to all