Btc Bitcoin
79,479 .99
−0.66%
64 .38 AUD 5,194,516 .97

Order Book BTC / AUD

Buyers
Price (AUD)Volume (BTC)
79,380 .44 0 .30000000
79,380 .43 1 .06300000
79,380 .39 0 .42676861
79,375 .00 1 .50000000
79,369 .90 0 .12900000
79,351 .71 0 .08270000
79,334 .20 0 .11225020
79,326 .27 0 .08270000
79,312 .00 0 .50180000
79,310 .00 1 .50000000
79,296 .37 0 .13868099
79,170 .40 0 .44320000
Page 1 of 58
Sellers
Price (AUD)Volume (BTC)
79,504 .99 0 .51741997
79,510 .00 1 .50000000
79,554 .78 0 .41862614
79,554 .80 0 .12900000
79,570 .00 0 .50180000
79,575 .00 1 .50000000
79,606 .38 0 .08270000
79,625 .83 0 .05471489
79,633 .79 0 .08270000
79,672 .80 0 .13812152
79,680 .77 0 .95600000
79,830 .86 0 .13782465
Page 1 of 38

Recent Trades

Time Price Volume (BTC)
1 minute
AUD 79,479 .99 0 .00012519
7 minutes
AUD 79,404 .99 0 .00313275
8 minutes
AUD 79,404 .99 0 .12558503
8 minutes
AUD 79,404 .87 0 .17117045
8 minutes
AUD 79,404 .86 0 .08000000
8 minutes
AUD 79,433 .53 0 .25107981
9 minutes
AUD 79,537 .91 0 .00024391
9 minutes
AUD 79,538 .17 0 .00625501
11 minutes
AUD 79,505 .31 0 .00223755
12 minutes
AUD 79,494 .60 0 .00105671
13 minutes
AUD 79,555 .00 0 .00020000
14 minutes
AUD 79,654 .35 0 .00062458
14 minutes
AUD 79,495 .62 0 .13834289
14 minutes
AUD 79,509 .70 0 .12900000
14 minutes
AUD 79,540 .00 0 .01200000

Bitcoin Price

Price basics

The Bitcoin price is based off the cost of one whole Bitcoin, similar to the way that shares in a company are priced in a share market. Unlike traditional share markets, however, you may buy and sell fractional amounts of Bitcoin. For example, if the Bitcoin market price is $12 000, you can buy 0.5 Bitcoin for $6 000. You can read more about this in the What is Bitcoin page. The price of Bitcoin on Independent Reserve is purely based off the trading behaviours of our customers. As explained in the How to buy Bitcoin page, Independent Reserve is purely an open order book exchange. We do not supply Bitcoin - when you buy Bitcoin here you are simply buying it directly off another Independent Reserve customer who is looking to sell. The Bitcoin price will go up when there are more buyers than sellers, and the price will go down when there are more sellers than buyers.

Arbitraging

It's important to understand that with Bitcoin and most cryptocurrencies, exchanges are not connected. This means that on one exchange the price can conceivably be quite different to another exchange. If the market price between two exchanges diverges enough, this presents an arbitrage opportunity, where Bitcoin can be bought on the exchange with the lower price, transferred to the other exchange, and then sold for a profit. This is the main mechanism that keeps prices on different exchanges in line with each other.

Volatility

The Bitcoin price has historically been quite volatile when compared with traditional share markets. This makes it a commodity to trade, where proportionally high gains (and losses!) can be realised in relatively quick time periods.