Bitcoin Price - BTC/NZD : $111,306.48

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Order book BTC / NZD

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BTC: NZD 111,447.40
Nzd
Nzd
Btc
Btc
Payment method
Buy Bitcoin with Bank transfer Buy Bitcoin with PayID Buy Bitcoin with SWIFT
BTC: NZD 110,852.69
Btc
Btc
Nzd
Nzd
Withdrawal options
Sell Bitcoin with Bank transfer Sell Bitcoin with PayID Sell Bitcoin with SWIFT

Cumulative market depth

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What is Bitcoin (BTC)?

Bitcoin is the world’s first cryptocurrency and blockchain. Its peer-to-peer payment system lets people send money to each other without any middlemen. Bitcoin doesn't need a bank to authorise transactions. It is secured by cryptography and uses the blockchain to store and exchange funds online. The protocol is distributed across a decentralised global network of computers running Bitcoin’s open-source software.

A new kind of money

Bitcoin emerged from the ashes of the 2008 financial crash. It proposed an alternative to the current financial system at a crucial time when people had lost faith in it. Bitcoin sought to solve the trust issues money faced by creating a new monetary system that removed people from banking. Using a consensus algorithm called proof-of-work (PoW), Bitcoin can process direct transactions between people and eliminates the need for financial intermediaries. To do this, Bitcoin unveiled a new, revolutionary technology: the blockchain.

Bitcoin has given money an upgrade. Its arrival has disrupted the financial system and brought it into the modern age. Bitcoin has done for currency what email has done for sending letters. The blockchain technology that Bitcoin brought to life has provided the infrastructure for other cryptocurrencies to evolve. As the pioneer of crypto, Bitcoin has laid the foundation for an entire multi-trillion-dollar industry.

Bitcoin is King

Bitcoin (BTC) is ranked the number one cryptocurrency and has a market cap that makes up nearly half of all the capital in the market. As a scarce digital asset Bitcoin is inherently deflationary with a fixed supply of 21 million. Over ninety percent of all Bitcoin has been mined already, with the last likely to be minted by 2140, after that, no more will ever be created.

Frequently asked questions

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How we treat client assets

No commingling of customer funds: we keep client assets completely separate from our own.

1:1 reserves

We maintain a full 1:1 reserve of all client fiat and crypto assets.

We hold the vast majority of crypto assets in secure offline cold storage, protected in underground vaults with maximum security.

Audited

Our books are balanced and we carry no debt on our balance sheet. We engage external auditors to undertake an annual audit of our financial statements in accordance with Australian Accounting Standards. This includes verification of all fiat and crypto balances held in custody on behalf of clients.

Segregated funds

We do not commingle customer funds. We maintain complete segregation of all client assets to ensure that when you need to make a withdrawal you can.

We keep your assets safe. That is our promise.

Sole custodian

Independent Reserve is the sole custodian of all crypto assets held on our platform. Custody is managed in Australia and we do not use any third party custodians.

We adhere to industry best practices and never lend, trade or reinvest your assets.