Btc Bitcoin
39,417 .62
−3.37%
48 .29 SGD 1,913,516 .16

Order Book BTC / SGD

Buyers
Price (SGD)Volume (BTC)
39,235 .02 0 .00200000
39,143 .43 0 .10000000
39,143 .42 0 .16300000
39,140 .20 1 .50000000
39,120 .00 0 .67900000
39,114 .09 0 .00010032
39,106 .05 1 .50000000
39,094 .93 0 .00010037
39,075 .75 0 .00010042
39,056 .57 1 .29100000
39,056 .56 0 .00010047
39,051 .99 0 .02895273
Page 1 of 69
Sellers
Price (SGD)Volume (BTC)
39,426 .52 0 .45800000
39,436 .53 0 .44200000
39,447 .48 0 .42700000
39,458 .40 0 .44500000
39,473 .44 2 .15100000
39,528 .34 0 .10000000
39,528 .83 1 .50000000
39,546 .73 0 .16300000
39,563 .26 1 .50000000
39,573 .06 0 .03000993
39,577 .62 0 .67900000
39,635 .01 0 .09606847
Page 1 of 39

Recent Trades

Time Price Volume (BTC)
4 minutes
AUD 40,234 .97 0 .00059103
5 minutes
AUD 40,110 .96 0 .65873414
6 minutes
AUD 40,110 .19 0 .00175324
8 minutes
AUD 40,131 .86 0 .00495877
8 minutes
AUD 40,132 .70 0 .00061983
9 minutes
AUD 40,113 .01 0 .00099222
10 minutes
AUD 40,107 .86 0 .00010027
11 minutes
AUD 40,127 .49 0 .00010023
14 minutes
AUD 40,147 .10 0 .00010018
14 minutes
AUD 40,166 .70 0 .00010013
16 minutes
AUD 40,186 .30 0 .00010008
18 minutes
AUD 40,205 .88 0 .00010003
42 minutes
AUD 40,290 .03 0 .00212178
50 minutes
AUD 40,329 .57 0 .01420386
1 hour
AUD 40,360 .01 0 .01000000

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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.