Btc Bitcoin
53,515 .03
+3.01%
57 .36 AUD 3,023,068 .98

Order Book BTC / AUD

Buyers
Price (AUD)Volume (BTC)
53,455 .00 1 .50000000
53,450 .01 0 .48421068
53,449 .96 0 .24500000
53,449 .17 0 .06700000
53,431 .92 0 .19800000
53,430 .00 1 .50000000
53,369 .97 0 .41194844
53,345 .76 0 .49999999
53,330 .90 0 .66500000
53,325 .56 0 .00100000
53,176 .12 0 .20677371
53,170 .80 6 .57900000
Page 1 of 64
Sellers
Price (AUD)Volume (BTC)
53,549 .99 0 .44988235
53,555 .00 1 .50000000
53,569 .99 0 .42024401
53,570 .27 0 .06700000
53,580 .00 1 .50000000
53,582 .08 0 .40000000
53,590 .39 0 .24500000
53,602 .53 0 .19800000
53,610 .35 0 .17609912
53,611 .23 0 .24500000
53,692 .55 0 .20504934
53,697 .92 0 .66500000
Page 1 of 30

Recent Trades

Time Price Volume (BTC)
2 minutes
AUD 53,515 .03 0 .00186863
2 minutes
AUD 53,491 .35 0 .00930080
4 minutes
AUD 53,508 .87 0 .35000000
7 minutes
AUD 53,444 .97 0 .00186162
8 minutes
AUD 53,355 .09 0 .01271182
14 minutes
AUD 53,395 .00 0 .35000000
14 minutes
AUD 53,530 .99 0 .10750000
14 minutes
AUD 53,530 .99 0 .13750000
14 minutes
AUD 53,571 .30 0 .13000000
14 minutes
AUD 53,600 .00 0 .72000000
14 minutes
AUD 53,600 .00 0 .26000000
17 minutes
AUD 53,619 .26 0 .19062887
18 minutes
AUD 53,619 .25 0 .30000000
21 minutes
AUD 53,705 .03 0 .28271643
21 minutes
AUD 53,705 .03 0 .04000000

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.