Btc Bitcoin
16,988 .95
+0.25%
100 .70 USD 1,737,523 .98

Order Book BTC / USD

Buyers
Price (USD)Volume (BTC)
16,906 .99 0 .14951737
16,879 .91 1 .73000000
16,876 .71 0 .48600000
16,875 .30 0 .91680000
16,868 .25 0 .98500000
16,863 .25 1 .50000000
16,849 .76 0 .47933452
16,845 .92 0 .86911421
16,844 .24 1 .49500000
16,843 .08 0 .91300000
16,842 .56 7 .01400000
16,836 .96 1 .30500000
Page 1 of 48
Sellers
Price (USD)Volume (BTC)
17,024 .36 0 .01605250
17,076 .57 0 .10884358
17,076 .62 1 .40280000
17,087 .46 1 .50000000
17,092 .65 0 .98500000
17,100 .92 0 .02773503
17,103 .63 0 .10000000
17,104 .29 1 .50000000
17,107 .65 1 .49500000
17,123 .29 1 .00000000
17,127 .91 6 .93800000
17,160 .35 0 .43275015
Page 1 of 36

Recent Trades

Time Price Volume (BTC)
9 minutes
AUD 25,362 .99 0 .19668719
13 minutes
AUD 25,350 .99 0 .00784998
14 minutes
AUD 25,349 .99 0 .00196257
15 minutes
AUD 25,349 .48 0 .00058878
18 minutes
AUD 25,339 .54 0 .07853535
28 minutes
AUD 25,364 .97 0 .00234205
31 minutes
AUD 25,316 .88 0 .01987920
42 minutes
AUD 25,305 .69 0 .00122075
44 minutes
SGD 23,109 .50 0 .00043056
44 minutes
AUD 25,304 .85 0 .00471858
47 minutes
AUD 25,292 .23 0 .00391440
48 minutes
AUD 25,299 .99 0 .00352209
48 minutes
AUD 25,299 .36 0 .02753650
51 minutes
AUD 25,306 .19 0 .00707749
59 minutes
AUD 25,333 .87 0 .08945094

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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.