diff --git a/src/qt/buynamespage.cpp b/src/qt/buynamespage.cpp
index 76f89ee573..0fae87a051 100644
--- a/src/qt/buynamespage.cpp
+++ b/src/qt/buynamespage.cpp
@@ -92,13 +92,18 @@ QString BuyNamesPage::firstupdate(const QString &name, const std::optional<QStri
     std::string hexName = EncodeName (vtName, NameEncoding::HEX);
     params.pushKV ("name", hexName);
 
+    UniValue options(UniValue::VOBJ);
+    options.pushKV ("nameEncoding", "hex");
+
     if (value)
     {
-        params.pushKV ("value", value.value().toStdString());
-    }
+        std::string strValue = value.value().toStdString();
+        valtype vtValue = valtype (strValue.begin (), strValue.end ());
+        std::string hexValue = EncodeName (vtValue, NameEncoding::HEX);
 
-    UniValue options(UniValue::VOBJ);
-    options.pushKV ("nameEncoding", "hex");
+        params.pushKV ("value", hexValue);
+        options.pushKV ("valueEncoding", "hex");
+    }
 
     if (transferTo)
     {