Btc Bitcoin
47,439 .24
−3.47%
68 .35 NZD 3,252,837 .17

Order Book BTC / NZD

Buyers
Price (NZD)Volume (BTC)
47,275 .93 0 .15945826
47,176 .01 0 .10000000
47,176 .00 1 .50000000
47,169 .06 0 .10020000
47,161 .80 0 .41200000
47,137 .47 1 .50000000
47,086 .56 0 .07659728
47,046 .14 0 .03200758
47,046 .13 0 .76870000
47,046 .11 0 .00036221
47,000 .35 5 .17810000
46,963 .06 0 .17090000
Page 1 of 53
Sellers
Price (NZD)Volume (BTC)
47,653 .12 0 .10000000
47,653 .13 1 .50000000
47,685 .20 0 .10020000
47,686 .41 0 .02749593
47,691 .97 1 .50000000
47,721 .92 0 .12941398
47,721 .93 0 .41200000
47,756 .41 0 .25600604
47,761 .17 0 .76870000
47,761 .18 1 .43551850
47,845 .58 0 .08433517
47,938 .34 0 .25544842
Page 1 of 39

Recent Trades

Time Price Volume (BTC)
1 minute
AUD 42,925 .00 0 .02500166
3 minutes
AUD 42,960 .00 0 .00034742
4 minutes
SGD 41,889 .25 0 .00237537
8 minutes
AUD 42,889 .99 0 .00240000
8 minutes
AUD 42,825 .01 0 .00449787
10 minutes
AUD 42,851 .89 0 .00023102
10 minutes
AUD 42,824 .99 0 .00023117
11 minutes
AUD 42,861 .99 0 .00116073
11 minutes
AUD 42,861 .99 0 .00023097
16 minutes
AUD 42,805 .00 0 .02324552
16 minutes
AUD 42,742 .00 0 .00293274
16 minutes
AUD 42,815 .00 0 .00116200
16 minutes
AUD 42,742 .00 0 .00170505
16 minutes
AUD 42,742 .00 0 .00249364
17 minutes
AUD 42,810 .00 0 .00034864

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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.