Bitcoin price AUD (BTC)

Bitcoin price chart

The below Bitcoin price chart tracks the price of Bitcoin against AUD over time. The rate shown is indicative only as actual buy / sell rates depend on market liquidity and fees at the time of quotation.

Market cap

$1259.2B

Volume 24hr

$23.9B

Supply

18.8M BTC

Max supply

21.0M BTC

What is Bitcoin?

Market dominance
Security & control
Transparency

Bitcoin uses a decentralised peer-to-peer payment network that is powered by its users with no central authority or middleman. Bitcoin isn’t owned by anyone and therefore has no central command. This means that no one, including banks, or governments can block you from sending or receiving bitcoins with anyone else.

Bitcoin is inherently an open network. Its design is open source and its transactions are stored on a public ledger known as the blockchain. Unlike traditional payment methods, Bitcoin transactions are fast and can be sent globally. This advance in technology presents a vast opportunity to enhance our everyday lives.


Why is bitcoin the most popular cryptocurrency?
Bitcoin is the most widely adopted cryptocurrency and is held by individuals, institutions, and sovereign wealth funds. It’s the most popular cryptocurrency for many reasons. Firstly, it was the first cryptocurrency created and has had the most time to grow its network. Secondly, it's considered the most secure digital asset thanks to all of the bitcoin miners. Finally, it’s seen as both digital gold and a growing payment network.

Can I buy a fraction of a bitcoin?
Yes, you can buy a fraction of a bitcoin and don’t have to purchase an entire coin. You can buy as little as 0.00000001 BTC, which is known as 1 satoshi (named after bitcoin’s pseudonymous creator Satoshi Nakamoto). In fact, buying small amounts of bitcoin every week is one of the most popular bitcoin investment methods, known as dollar-cost averaging.

Why is bitcoin considered ‘digital gold’?
Gold has been used as money for thousands of years because it is incredibly scarce, easily divisible and lasts for thousands of years. Firstly, bitcoin offers all of these features. Bitcoin is more scarce than gold with a fixed supply of 21 million bitcoins, every bitcoin is divisible into 100 million satoshis, and it can last forever. Secondly, bitcoin has the advantage of being digital. It can be sent anywhere in the world at the click of a button and doesn't require massive vaults to store it. As Satoshi Nakamoto, the pseudonymous creator of bitcoin, wrote, “Imagine there was a base metal as scarce as gold but with... one special, magical property: it can be transported over a communications channel.”

Why does scarcity make bitcoin valuable?
Bitcoin’s fixed supply of 21 million bitcoins means that it will ultimately be the adoption that drives the price of bitcoin. If the overall adoption of bitcoin continues to rise over the long term, so will its price. There are already over 100 million people using cryptocurrencies, including 3.3 million Australians.

How is bitcoin’s price calculated?
Bitcoin’s price is the equilibrium between its supply and demand. Supply comes from people selling bitcoin and demand comes from people buying bitcoin. Entities buying and selling bitcoin include individual investors and traders, public and private companies, bitcoin ETFs, hedge funds, and even sovereign wealth funds. When demand outpaces supply, the price rises and it falls when supply outpaces demand.

How has bitcoin performed over the past decade?
Bitcoin has made cryptocurrency the best performing asset class of the past decade. With a compound annual growth rate of over 200% between 2011 and 2021, it has outperformed gold by a factor of more than 200. It even outperformed the second-best performing asset class, the NASDAQ 100, by 1,000%. Even small investments in bitcoin have led to outsized returns for investors portfolios overall. As always, past results do not guarantee future performance.

Where do I store my bitcoin?
We prioritise security to make sure your bitcoin is safe and secure. When you trade with Cointree, you are given a free wallet to store your bitcoin. We recommend that you strengthen the security of your wallet by enabling Two Factor Authentication (2FA). This gives you a time-sensitive code every time you log in. You can also send your bitcoin from your Cointree wallet to a hardware wallet such as a Ledger or Trezor. As cryptocurrency security and safekeeping is the user's responsibility, make sure you follow best practices.

How do I buy Bitcoin?

  1. Deposit funds into your Cointree account using our fast and convenient options.
  2. Enter the amount of Bitcoin that you would like to buy.
  3. Confirm your purchase and Bitcoin will be instantly delivered to your Cointree account.

Don't have an account? Click here to get started

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Why is Cointree the best place to buy Bitcoin in Australia?

Easy and convenient
Easily deposit Australian dollars using a convenient method such as PayId/OSKO and then simply follow our step-by-step instructions to make your first purchase of Bitcoin.
Fast and transparent
Buy Bitcoin in Australia within minutes. Our low fees are backed up with transparent quotes, so you can buy more Bitcoin with every dollar invested.
Safe and secure
Buy Bitcoin with confidence knowing that you're using an AUSTRAC regulated Australian exchange that's been operating since 2013 and is protected with bank-level encryption.
Made for you
An intuitive platform built for our members, featuring 100’s of coins and thousands of trading pairs. Plus, tracking of your portfolio performance can be done with ease.
Easy and convenient
Easily deposit Australian dollars using a convenient method such as PayId/OSKO and then simply follow our step-by-step instructions to make your first purchase of Bitcoin.
Fast and transparent
Buy Bitcoin in Australia within minutes. Our low fees are backed up with transparent quotes, so you can buy more Bitcoin with every dollar invested.
Safe and secure
Buy Bitcoin with confidence knowing that you're using an AUSTRAC regulated Australian exchange that's been operating since 2013 and is protected with bank-level encryption.
Made for you
An intuitive platform built for our members, featuring 100’s of coins and thousands of trading pairs. Plus, tracking of your portfolio performance can be done with ease.

What can you do with your Bitcoin?

Hold Bitcoin
Many members buy and hold their Bitcoin as a long-term investment. You can hold your Bitcoin in your free multicoin wallet on Cointree or transfer it to a private wallet.
Trade Bitcoin
You can instantly trade any portion of your Bitcoin for any other digital currency within just a few clicks, and at the lowest rates in Australia.
Send Bitcoin
When you buy Bitcoin in Australia with Cointree, you can quickly and easily send your Bitcoin to any other Bitcoin wallet.
Spend Bitcoin
You can spend Bitcoin purchased in Australia when you’re online shopping or in physical stores. More and more Australian businesses are accepting Bitcoin every day.
Learn About Bitcoin
Cointree provides a comprehensive [learning hub](/learn/) to turn you from a beginner buying their first Bitcoin, to an expert holding a diversified portfolio of cryptocurrencies.
Pay Bills With Bitcoin
You can pay your Australian BPAY bills using Bitcoin or any of your other digital currencies.
Hold Bitcoin
Many members buy and hold their Bitcoin as a long-term investment. You can hold your Bitcoin in your free multicoin wallet on Cointree or transfer it to a private wallet.
Trade Bitcoin
You can instantly trade any portion of your Bitcoin for any other digital currency within just a few clicks, and at the lowest rates in Australia.
Send Bitcoin
When you buy Bitcoin in Australia with Cointree, you can quickly and easily send your Bitcoin to any other Bitcoin wallet.
Spend Bitcoin
You can spend Bitcoin purchased in Australia when you’re online shopping or in physical stores. More and more Australian businesses are accepting Bitcoin every day.
Learn About Bitcoin
Cointree provides a comprehensive [learning hub](/learn/) to turn you from a beginner buying their first Bitcoin, to an expert holding a diversified portfolio of cryptocurrencies.
Pay Bills With Bitcoin
You can pay your Australian BPAY bills using Bitcoin or any of your other digital currencies.

Buy in just a few minutes

Start with as little as AUD $25 and deposit instantly with your bank account.