Btc Bitcoin
82,931 .71
−0.55%
64 .18 NZD 5,403,653 .63

Order Book BTC / NZD

Buyers
Price (NZD)Volume (BTC)
82,416 .00 0 .15157369
82,415 .99 0 .20135544
82,290 .63 0 .30000000
82,290 .62 1 .06300000
82,290 .59 0 .40262229
82,285 .30 1 .50000000
82,280 .02 0 .12900000
82,274 .94 1 .10000000
82,259 .31 0 .08270000
82,245 .81 0 .50180000
82,218 .37 0 .13862442
82,217 .92 1 .50000000
Page 1 of 59
Sellers
Price (NZD)Volume (BTC)
83,355 .50 0 .20980854
83,406 .76 0 .36605109
83,433 .01 1 .50000000
83,491 .03 0 .12900000
83,501 .20 0 .42001764
83,501 .21 1 .50000000
83,517 .07 0 .08270000
83,536 .03 0 .05473478
83,544 .39 0 .08270000
83,559 .13 0 .50180000
83,563 .48 0 .13814163
83,596 .63 0 .16251226
Page 1 of 38

Recent Trades

Time Price Volume (BTC)
29 seconds
AUD 79,519 .99 0 .00062564
3 minutes
AUD 79,224 .94 0 .00009419
4 minutes
AUD 79,224 .98 0 .01180000
5 minutes
AUD 79,280 .00 0 .00449559
11 minutes
AUD 79,319 .99 0 .00627222
12 minutes
AUD 79,214 .99 0 .00002512
18 minutes
AUD 79,214 .99 0 .30000000
18 minutes
AUD 79,115 .03 0 .03048802
20 minutes
AUD 79,369 .99 0 .06268268
26 minutes
AUD 79,250 .01 0 .00029447
32 minutes
AUD 79,479 .99 0 .00012519
38 minutes
AUD 79,404 .99 0 .00313275
38 minutes
AUD 79,404 .99 0 .12558503
39 minutes
AUD 79,404 .87 0 .17117045
39 minutes
AUD 79,404 .86 0 .08000000

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.