Btc Bitcoin
42,896 .37
−3.53%
68 .59 AUD 2,958,181 .43

Order Book BTC / AUD

Buyers
Price (AUD)Volume (BTC)
42,645 .01 0 .10000000
42,645 .00 1 .50000000
42,626 .50 0 .10020000
42,610 .00 1 .50000000
42,603 .30 0 .41200000
42,560 .13 0 .76870000
42,560 .12 0 .28090000
42,542 .01 0 .02928728
42,542 .00 0 .00500000
42,511 .61 0 .01658721
42,469 .98 5 .17810000
42,464 .55 0 .17090000
Page 1 of 52
Sellers
Price (AUD)Volume (BTC)
42,725 .00 1 .50000000
42,744 .60 0 .10020000
42,757 .08 1 .38362245
42,760 .00 1 .50000000
42,788 .39 0 .03054803
42,788 .40 0 .41200000
42,821 .07 0 .76870000
42,922 .58 0 .51432916
42,926 .87 5 .25510000
43,057 .41 0 .25659022
43,078 .93 0 .05300000
43,104 .03 0 .10801564
Page 1 of 38

Recent Trades

Time Price Volume (BTC)
2 minutes
SGD 41,648 .45 0 .00023891
5 minutes
AUD 42,750 .00 0 .00232754
6 minutes
AUD 42,734 .79 0 .00111761
7 minutes
AUD 42,625 .04 0 .17000000
8 minutes
AUD 42,703 .40 0 .01448284
8 minutes
AUD 42,642 .00 0 .00500000
8 minutes
AUD 42,642 .00 0 .00500000
8 minutes
AUD 42,642 .00 0 .00485770
9 minutes
AUD 42,725 .00 0 .00009315
10 minutes
AUD 42,712 .00 0 .00023897
12 minutes
AUD 42,714 .99 0 .00032612
18 minutes
AUD 42,720 .00 0 .47942673
18 minutes
AUD 42,718 .30 0 .10020000
18 minutes
AUD 42,645 .01 0 .00471345
21 minutes
AUD 42,675 .00 0 .02331634

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Bitcoin Prices

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.