Bitcoin Price - BTC/AUD : $85,863.88

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Order book BTC / AUD

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BTC: AUD 85,555.59
Aud
Aud
Btc
Btc
Payment method
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BTC: AUD 85,500.00
Btc
Btc
Aud
Aud
Withdrawal options
Sell Bitcoin with Bank transfer Sell Bitcoin with PayID Sell Bitcoin with SWIFT

Cumulative market depth

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What is Bitcoin (BTC)?

Bitcoin is the original cryptocurrency and the first real-world application of blockchain technology. Its decentralised payment system allows people to send money to each other online without going through a third party. Instead of relying on a bank to authorise payments, Bitcoin uses cryptography to process secure transactions on the blockchain. The protocol operates using open-source software and runs across a peer-to-peer network of computers.

A revolutionary innovation in economics

Bitcoin was born in the wake of the 2008 financial crisis. It presented a new form of money. Bitcoin’s creator, Satoshi Nakamoto, sought to address flaws in the current financial system and offered Bitcoin as a solution. By removing the middleman, Bitcoin was able to solve one key issue: trust. To do this, Bitcoin introduced the first consensus mechanism called proof-of-work (PoW).

Bitcoin transforms money. Just as email changed how we send letters, Bitcoin has changed how we send transactions online. Countries around the world are adopting Bitcoin as legal tender and it has even become an official currency in El Salvador and the Central African Republic. Bitcoin’s blockchain has provided the technology for many other cryptocurrencies to exist which has evolved into a multi-trillion-dollar industry.

Bitcoin is #1

Bitcoin’s market cap accounts for roughly half of the entire crypto market. It is disinflationary by design with a fixed maximum supply of 21 million Bitcoin. More than ninety percent of all Bitcoins have already been mined, with the remainder likely to be minted by 2140, after which no more will ever be created.

For a deeper understanding of the concepts behind Bitcoin, download the ebook The People’s Money - Bitcoin, written by Independent Reserve’s co-founder Adam Tepper.

Frequently asked questions

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How we treat client assets

No commingling of customer funds: we keep client assets completely separate from our own.

1:1 reserves

We maintain a full 1:1 reserve of all client fiat and crypto assets.

We hold the vast majority of crypto assets in secure offline cold storage, protected in underground vaults with maximum security.

Audited

Our books are balanced and we carry no debt on our balance sheet. We engage external auditors to undertake an annual audit of our financial statements in accordance with Australian Accounting Standards. This includes verification of all fiat and crypto balances held in custody on behalf of clients.

Segregated funds

We do not commingle customer funds. We maintain complete segregation of all client assets to ensure that when you need to make a withdrawal you can.

We keep your assets safe. That is our promise.

Sole custodian

Independent Reserve is the sole custodian of all crypto assets held on our platform. Custody is managed in Australia and we do not use any third party custodians.

We adhere to industry best practices and never lend, trade or reinvest your assets.