Btc Bitcoin
40,695 .64
−3.97%
76 .67 AUD 3,232,976 .40

Order Book BTC / AUD

Buyers
Price (AUD)Volume (BTC)
40,660 .02 0 .24300000
40,645 .00 1 .50000000
40,643 .47 0 .24300000
40,610 .00 1 .50000000
40,605 .02 1 .01934645
40,595 .21 1 .50000000
40,595 .20 0 .20000000
40,595 .03 0 .07780000
40,561 .07 0 .27101179
40,532 .37 0 .23470000
40,504 .05 0 .27136959
40,500 .00 0 .01718425
Page 1 of 68
Sellers
Price (AUD)Volume (BTC)
40,728 .22 0 .77003276
40,728 .23 0 .20000000
40,750 .00 1 .50000000
40,765 .91 0 .29801007
40,765 .92 0 .26991927
40,771 .65 0 .24300000
40,784 .60 0 .24300000
40,785 .00 1 .50000000
40,788 .17 0 .07780000
41,055 .47 0 .53804767
41,063 .72 8 .24740000
41,228 .12 0 .72504265
Page 1 of 27

Recent Trades

Time Price Volume (BTC)
22 seconds
AUD 40,750 .65 0 .00200000
51 seconds
AUD 40,695 .64 0 .00200000
59 seconds
AUD 40,697 .90 0 .00200000
1 minute
AUD 40,704 .44 0 .00200000
1 minute
AUD 40,710 .05 0 .00200000
1 minute
AUD 40,712 .10 0 .00200000
1 minute
AUD 40,712 .13 0 .00200000
1 minute
AUD 40,709 .95 0 .00200000
1 minute
AUD 40,715 .17 0 .00200000
1 minute
AUD 40,734 .99 0 .00200000
1 minute
AUD 40,740 .00 0 .00200000
2 minutes
AUD 40,769 .97 0 .00200000
2 minutes
AUD 40,788 .55 0 .00200000
2 minutes
AUD 40,788 .61 0 .00200000
2 minutes
AUD 40,789 .05 0 .00200000

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.