Btc Bitcoin
19,345 .00
−0.04%
239 .14 AUD 4,577,297 .81

Order Book BTC / AUD

Buyers
Price (AUD)Volume (BTC)
19,245 .00 1 .50000000
19,240 .85 0 .16605395
19,238 .93 0 .09710000
19,235 .00 1 .50000000
19,232 .23 0 .49999999
19,225 .78 0 .45000000
19,210 .85 0 .08110000
19,210 .81 0 .57189248
19,208 .85 0 .28690000
19,202 .96 0 .45000000
19,181 .05 0 .45000000
19,132 .62 0 .57342081
Page 1 of 104
Sellers
Price (AUD)Volume (BTC)
19,276 .00 1 .50000000
19,286 .00 1 .50000000
19,296 .06 0 .45000000
19,319 .04 0 .78605599
19,319 .05 0 .09710000
19,319 .07 0 .45000000
19,353 .12 0 .09280000
19,353 .17 1 .13863287
19,355 .15 0 .28690000
19,375 .09 1 .00000000
19,395 .12 0 .56759931
19,399 .76 0 .72410044
Page 1 of 21

Recent Trades

Time Price Volume (BTC)
9 minutes
AUD 19,345 .00 0 .32145000
10 minutes
AUD 19,098 .12 0 .06500000
10 minutes
AUD 19,276 .02 0 .45000000
10 minutes
AUD 19,276 .03 0 .28690000
10 minutes
AUD 19,278 .10 0 .09710000
10 minutes
AUD 19,278 .15 0 .50000000
10 minutes
AUD 19,278 .19 0 .10100000
10 minutes
AUD 19,317 .00 1 .50000000
12 minutes
AUD 19,350 .00 0 .24000000
12 minutes
AUD 19,345 .00 0 .27277027
12 minutes
AUD 19,345 .00 0 .17817581
12 minutes
AUD 19,345 .00 0 .39000000
14 minutes
AUD 19,296 .50 0 .50000000
22 minutes
AUD 19,266 .56 0 .26366754
23 minutes
AUD 19,270 .00 0 .11917685

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.