Btc Bitcoin
44,904 .95
+3.14%
477 .02 AUD 20,185,531 .60

Order Book BTC / AUD

Buyers
Price (AUD)Volume (BTC)
45,045 .13 0 .24500000
45,030 .00 1 .50000000
45,023 .95 0 .47507968
45,023 .94 0 .24500000
45,002 .61 1 .50000000
44,940 .03 0 .07700000
44,896 .59 0 .08061274
44,892 .10 0 .23600000
44,887 .59 0 .28000000
44,862 .63 0 .78100000
44,829 .31 0 .48000000
44,820 .73 0 .24512704
Page 1 of 44
Sellers
Price (AUD)Volume (BTC)
45,100 .00 1 .00000000
45,123 .28 0 .24382541
45,124 .04 0 .39919937
45,134 .25 0 .78297600
45,142 .18 0 .07700000
45,142 .19 0 .23600000
45,162 .10 0 .24500000
45,177 .71 0 .24358215
45,194 .99 0 .78100000
45,233 .46 0 .28000000
45,360 .74 0 .24291665
45,365 .28 6 .30500000
Page 1 of 35

Recent Trades

Time Price Volume (BTC)
6 minutes
AUD 44,904 .95 0 .00022158
6 minutes
NZD 48,175 .00 0 .00216985
7 minutes
AUD 44,904 .95 0 .00183915
12 minutes
AUD 44,805 .69 0 .01533700
12 minutes
AUD 44,783 .31 0 .07700000
20 minutes
AUD 44,814 .99 0 .01400000
20 minutes
AUD 44,789 .82 0 .23600000
22 minutes
AUD 44,845 .78 0 .24500000
23 minutes
AUD 44,729 .01 0 .09013751
25 minutes
AUD 44,774 .94 0 .01091190
26 minutes
AUD 44,690 .59 0 .10000000
32 minutes
AUD 44,555 .01 0 .01107625
32 minutes
AUD 44,694 .95 0 .07700000
33 minutes
AUD 44,710 .00 0 .00200000
33 minutes
AUD 44,685 .00 0 .03693870

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.