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Bitcoin to Australian Dollar Exchange Rate

Live Rate

= $ 11836.5319

Refreshing in: 60s | Tue, Apr 07, 06:20AM GMT

Historical Rate chart of BTC and AUD

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Updated: 07 Apr 2020 06:20:48 UTC
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

Bitcoin was worth eight cents in 2010, but today it's worth thousands. Spending about $7 on bitcoin in 2010 could mean you're a millionaire now. But bitcoin’s value doesn’t always go up. Imagine if you had bought a thousand bitcoin in late 2013 — when the cryptocurrency was worth more than $1,100 a pop — and then watched its value plummet below $200 in just over a year.

It’s tough to predict exactly how much bitcoin will be worth in the future. Let’s explore how bitcoin has grown over the years and where it might be headed.


What to consider before buying bitcoin

Bitcoin hit a new high of over AU$13,000 in November 2017.

However, it's a notoriously volatile currency, and it’s difficult to know what bitcoin will be worth even a week from now, let alone a year from now. To have a shot at predicting the price you need to know how the cryptocurrency is bought and sold, and what factors affect the price of bitcoin.

However, there might be two factors to consider above all others.

First, only 21 million bitcoin will ever be created. Throughout 2017, the number of bitcoin in circulation increased from about 16 million to 17 million, but it will slow down as it gets closer to the 21 million limit. The final bitcoin isn't due to be mined until the year 2140.

This finite supply and its popularity increasing more quickly than its availability is thought to keep prices increasing.

Second, it's important to remember that bitcoin is now just one cryptocurrency among hundreds. Although it's the most valuable, bitcoin's overall cryptocurrency "market share" is declining. Competing cryptocurrencies can offer some features that bitcoin can't, and many people think another currency will eventually overtake bitcoin.

Bitcoin mining: Is it worth mining bitcoin?

Many bitcoin proponents speculate that its limited supply will only increase the value of the cryptocurrency in the long run and is its greatest strength. But critics say that this will be its undoing.

They point out that inherent scarcity is a useful way of controlling value, but might be too impractical for bitcoin to ever become the standard global currency.

To judge for yourself whether it's worth buying bitcoin, you may want to look at the history of its ups and downs to better understand the factors affecting its value.

Compare bitcoin marketplaces

Name Product Deposit methods Fiat Currencies Cryptocurrencies
Bank transfer
BPAY
POLi
Osko
PayID
AUD

80
cryptocurrencies

Buy and sell a wide range of cryptocurrencies at competitive rates on this Australian exchange.
BPAY
Cash
Cryptocurrency
POLi
PayID
AUD

142
cryptocurrencies

CoinSpot is an Australian-based marketplace that allows you to easily buy, sell or trade more than 100 cryptocurrencies.
Cryptocurrency
Electronic Funds Transfer
POLi
SWIFT
PayID
AUD, NZD, USD

15
cryptocurrencies

Trade AUD and other fiat currencies against a wide range of cryptos at competitive rates.
Bank transfer
BPAY
POLi
PayID
AUD

2
cryptocurrencies

A digital exchange based in Brisbane where users can pay in AUD to buy their BTC.
Bank transfer
Cryptocurrency
AUD, EUR

6
cryptocurrencies

Use AUD and EUR to get cryptocurrency through an international exchange and app.
Cash
Cryptocurrency
POLi
AUD

1
cryptocurrency

Buy bitcoin with cash or bank transfer without deposit fees through this Australia-based platform.
Blueshyft
BPAY
Cryptocurrency
NPP
AUD

8
cryptocurrencies

CoinJar offers a simple way to buy, sell or trade cryptocurrency with AUD. Enjoy free and instant deposits, flat 1% fees and free withdrawals to your bank account.
Credit card
Debit card
Neteller
PayPal
Wire transfer
Online banking
EUR, GBP, NZD, USD, AUD, CAD, HKD, SGD, CHF, NOK & 5+ more

17
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Copy the trades of leading cryptocurrency investors on this unique social investment platform.
Paybis Cryptocurrency Exchange
AdvCash
Credit card
Debit card
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Payeer
USD, EUR, GBP, CAD, JPY

9
cryptocurrencies

Buy Bitcoin and other popular cryptocurrencies with credit card or debit card on this digital cryptocurrency exchange.

US residents: Restricted in the following states - NY, CT, NM, WA, HI, AL, VT, FL, AK, NV.
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6
cryptocurrencies

Disclaimer: Highly volatile investment product. Your capital is at risk.
Trade cryptocurrency derivatives with high liquidity for bitcoin spot and futures, and up to 100% leverage on margin trading.
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1
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Connect with bitcoin buyers and sellers through this peer-to-peer marketplace that accepts cash, credit and more than 300 other payment methods.
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POLi
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5
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Buy, sell and trade BTC, LTC, ETH, XRP, EOS on this Singapore-based exchange.
Cash
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Electronic Funds Transfer
POLi
PayID
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113
cryptocurrencies

Buy 100+ cryptocurrencies using POLi, cash or Electronic Funds Transfer.
Credit card
Cryptocurrency
Debit card
POLi
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6
cryptocurrencies

Buy and sell crypto from an Australia-based platform that supports AUD payments.
Bank transfer
POLi
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44
cryptocurrencies

Accepting POLi and bank transfers in AUD, Easy Crypto is a simple way to buy and sell a range of cryptocurrencies.
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USD, GBP, CAD, EUR, CNY, RUB, TRY, NGN, UAH, KZT & 23+ more

181
cryptocurrencies

Trade an extensive range of reputable coins on this world-renowned exchange, popular for its high liquidity and multi-language support.

US residents: As of September 2019, US-based users can only trade USD on the American dollar onramp of Binance, Binance.US.
UK residents: In addition to normal crypto trading services, Binance offers margin lending. As this is a regulated activity which they are not authorised to offer in the UK, we advise you not to use this service. If you're interested in margin trading, see authorised providers.
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156
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Spot trade all of the major cryptos on this full-featured exchange and margin trading platform.
Bank transfer (ACH)
Credit card
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USD, EUR, GBP

21
cryptocurrencies

Get US$10 in free bitcoin when you buy US$100 or more of any crypto. T&Cs apply.
Buy and sell major cryptocurrencies on one of the world's most renowned cryptocurrency exchanges.
Bank transfer (ACH)
Credit card
Bank transfer (SEPA)
Faster Payments Service
USD, EUR, GBP, RUB

22
cryptocurrencies

Disclaimer: Highly volatile investment product. Your capital is at risk.
Use your USD, EUR or RUB to buy and sell cryptocurrency at competitive exchange rates and with high maximums for verified accounts.
Credit card
Debit card
Bank transfer (SEPA)
SWIFT
USD, EUR, AUD, CAD, GBP, JPY

8
cryptocurrencies

Ideal for beginners, Coinmama lets you buy and sell popular cryptos with credit card for quick delivery.
Credit card
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387
cryptocurrencies

CoinSwitch allows you to compare and convert over 250 cryptocurrencies across all exchanges.
Credit card
Debit card
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177
cryptocurrencies

Access competitive crypto-to-crypto exchange rates for more than 35 cryptocurrencies on this global exchange.
AdvCash
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Payeer
Perfect Money
Capitalist
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1419
cryptocurrencies

Pay in USD, RUB or trade crypto to crypto at this Russian-based cryptocurrency exchange with hundreds of coins listed.
Bank transfer
Credit card
Debit card
GBP, EUR

4
cryptocurrencies

Buy and sell bitcoin in GBP or EUR with credit card, debit card and bank transfer payment options.
Bank transfer
Cryptocurrency
AUD, NZD

5
cryptocurrencies

A cryptocurrency exchange that supports Australian and New Zealand customers, where users can pay in NZD and transactions in AUD have no withdrawal or deposit fees.
Cryptocurrency
EUR, GBP

111
cryptocurrencies

Trade crypto to crypto with a choice of over 100 currencies on this global exchange based in China.
Bank transfer
Cash
Cryptocurrency
PayPal
Western Union
JPY, CNY, USD, KRW, RUB, DKK

219
cryptocurrencies

A global crypto exchange with OTC services based in Hong Kong that supports over 100+ cryptocurrencies.
Cryptocurrency
-

119
cryptocurrencies

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Cryptocurrency
Express Polish Post Office 24/7
Wire transfer
GBP bank transfers
USD, EUR, PLN, GBP

35
cryptocurrencies

This Polish-based exchange offers a variety of accessible payment methods, including Express Polish Post Office 24/7 service and Express DotPay.
Indacoin Cryptocurrency Exchange
Credit card
Debit card
USD, EUR, RUB

158
cryptocurrencies

Use your credit or debit card to buy bitcoin and other cryptocurrency without having to verify your identity.
Huobi Cryptocurrency Exchange
Cryptocurrency
GBP, USD, AUD, EUR, INR, BRL, KHR, CAD,CNY, NZD & 15+MORE

234
cryptocurrencies

Huobi is a digital currency exchange that allows its users to trade more than 190 cryptocurrency pairs.
Liquid Cryptocurrency Exchange & Margin Trading
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Swapforex
AUD, EUR, JPY, USD, SGD, PHP, HKD

132
cryptocurrencies

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Liquid is a unified, globally-sourced trading platform that bridges the worlds of fiat and crypto.
Bithumb Cryptocurrency Exchange
Cryptocurrency
Wire transfer
KRW

110
cryptocurrencies

A global platform where users can make KRW and cryptocurrency deposits to purchase up to 15 popular cryptocurrencies.
Bitstamp Cryptocurrency Exchange
Credit card
Cryptocurrency
Debit card
Bank transfer (SEPA)
Wire transfer
USD, EUR

5
cryptocurrencies

A global cryptocurrency exchange that facilitates crypto to fiat transactions, where you can use EUR or USD to buy bitcoin and popular altcoins.
Poloniex Digital Asset Exchange
Credit card
Cryptocurrency
Bank Wire
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52
cryptocurrencies

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Coinbase Pro
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Bank transfer (SEPA)
Wire transfer
USD, EUR, GBP

27
cryptocurrencies

Formerly known as GDAX, Coinbase Pro is a US-based exchange which offers fiat currency payment options, including wire transfer, ACH bank transfer and SEPA.
OKEx Cryptocurrency Exchange
Bank transfer
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WeChat
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146
cryptocurrencies

Listing over 100 cryptocurrencies, OKEx offers its users a variety of payment methods and coins to choose from.
Ethfinex Cryptocurrency Exchange
Cryptocurrency
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42
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IDEX Cryptocurrency Exchange
IDEX Cryptocurrency Exchange
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258
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Gate.io Cryptocurrency Exchange
Cryptocurrency
-

36
cryptocurrencies

Bitit Cryptocurrency Marketplace
Cashlib
Credit card
Debit card
Neosurf
Bank transfer (SEPA)
EUR, USD, JPY, DKK, GBP, SEK, NOK, TRY & 5+ more

50
cryptocurrencies

Buy cryptocurrency with cash or credit card and get express delivery in as little as 10 minutes.
Bittrex Digital Currency Exchange
Cryptocurrency
Wire transfer
USD

236
cryptocurrencies

Buy from one of the largest cryptocurrency exchanges with a selection of over 190+ cryptocurrencies and 3 USD pairings.
ShapeShift Cryptocurrency Exchange
Cryptocurrency
-

51
cryptocurrencies

Quickly swap between more than 40 cryptocurrency assets or use your credit card to instantly buy bitcoin.
CoinBene Cryptocurrency Exchange
CoinBene Cryptocurrency Exchange
Cryptocurrency
-

50
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Hotbit Cryptocurrency Exchange
Hotbit Cryptocurrency Exchange
Cryptocurrency
-

50
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A multi-currency exchange with 150+ pairings that can be accessed through desktop as well as a mobile app.
xCoins P2P Bitcoin Lending
Bank transfer
Credit card
Debit card
eCheck
PayPal
USD

1
cryptocurrency

Buy bitcoin instantly with credit card, PayPal or bank account on this peer-to-peer lending platform.
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Compare up to 4 providers

Market rate for common transfer amounts BTC to AUD

Bitcoin (BTC) Australian Dollars (AUD)
฿1 0
฿100 0
฿500 0
฿1000 0
฿1500 0
฿2500 0
฿5000 0

Bitcoin is volatile

Bitcoin value can change a lot very quickly and has a history of sharp ups and downs.

Here are a few things that could affect the price of bitcoin:

  • Government regulation. Although bitcoin is a decentralised currency, it’s still affected by government regulation. For example, when the Chinese government barred financial entities from processing bitcoin transactions in late 2013, the price of bitcoin dropped hundreds of dollars within a few days.
  • The headlines. The price of bitcoin tends to move with major world news and important bitcoin-related events (like security breaches). However, many people speculate that news doesn’t necessarily affect the price one way or another; instead, it simply focuses attention on bitcoin and may increase trading volume.
  • Major buyers. Large organisations and speculators have a significant effect on the price of bitcoin, and some experts estimate that of bitcoin’s approximately $160 billion market, a majority of coins might be owned by relatively few organisations and individuals.

Why is bitcoin’s currency code sometimes BTC and sometimes XBT?

Because bitcoin is a decentralised currency, the standards that dictate how to refer to it are still forming. XBT is the official designation, while BTC is the more commonly used code.

In its earliest days, bitcoin’s currency code was BTC. With its growing acceptance as a legitimate currency, the International Standards Organisation (ISO) designated bitcoin’s notation as "XBT". If a currency is not associated with a specific country or government, its three-letter note starts with an “X.”

However, XBT has yet to gain much adoption beyond banker and finance types. BTC seems to be what the everyday person and most enthusiasts prefer. You’ll probably continue to see references to both BTC and XBT until one eventually sticks as the standard.


A short history of bitcoin prices

The very first bitcoin transaction took place on January 12, 2009, from creator Satoshi Nakamoto to developer Hal Finney. On October 5, online publication New Liberty Standard pegged the bitcoin exchange rate at 1 USD = 1,309.03 BTC — a calculation based on the cost of electricity for a computer to create bitcoin.

July 2010 saw the founding of Mt. Gox, a bitcoin exchange that would eventually grow into the largest player in the market. We’ll start our bitcoin price history in 2011, using figures from CoinDesk’s price index.

Note: Unless otherwise stated, all prices in this article refer to BTC:USD exchange rates.

2011: A false start for bitcoin

StartPeakEnd
$0.30$29.60$6.33

Early in the year, one bitcoin finally became worth as much as one US dollar. In just a few months, the price of bitcoin shot past the $10 mark.

But on June 19 Mt. Gox was hacked, causing customers to lose more than 4,000 BTC. Bitcoin’s value hovered around $30 for several days and began a slow descent to around $4 by the end of the year.

2012: Bitcoin rises steadily

StartPeakEnd
$4.99$13.70$13.40

Bitcoin experienced a recovery in 2012. The cryptocurrency didn’t hit the same heights it did the previous year, but it climbed back into the double digits by the end of the year.

June saw the founding of Coinbase, which is one of the largest bitcoin platforms today. In November, the publishing tool WordPress began accepting bitcoin as payment.

2013: Bitcoin shoots into the stratosphere

StartPeakEnd
$13.30$1,147.25$757.50

In February, bitcoin surpassed its previous all-time high and then abandoned the $30 range as it continued growing in value.

At the same time, Mt. Gox was failing as bitcoin transactions overwhelmed its servers. In the same month bitcoin broke the $200 mark. Less than a month after that, it shot past $1,000.

Chinese investment in bitcoin pushed the price of the cryptocurrency even higher. But December also saw the largest theft of bitcoin ever of 96,000 BTC from Sheep Marketplace. This was also the year that China banned its financial institutions from processing bitcoin transactions.

2014: A rough year

StartPeakEnd
$770.44$951.39$319.70

Bitcoin’s price euphoria came to an abrupt end, and the cryptocurrency steadily lost value over a year. Mt. Gox finally shuttered its doors. However, Microsoft and PayPal-owned Braintree started accepting bitcoin as payment.

2015: Bitcoin holds steady

StartPeakEnd
$313.92$465.50$430.05

In late January, Coinbase launched its bitcoin trading platform, while Mt. Gox’s CEO Mark Karpeles was arrested.

But the European Court of Justice ruled that bitcoin is currency, not property, and that the cryptocurrency would not be assessed a value-added tax in the European Union. Bitcoin’s price broke the $400 mark toward the end of the year.

2016: Back in form

StartPeakEnd
$434.46$978.01$968.23

The marketplace software OpenBazaar was released over the summer. It’s a peer-to-peer platform on which users can buy goods with bitcoin. Bitcoin’s price, in recovery mode at the beginning of the year, approached its former glory as it hovered around $1,000.

2017: A wild year

StartPeak to dateEnd
$770.44Approximately US$10,000TBD

Bitcoin reached a new peak early in the year at over $1,100 on January 4, then promptly plummeted below $800 a week later. It would repeat this pattern throughout the year, including hitting multiple all-time highs on 1 September 2017 before dropping by an immense 20% in the next three days.

This sudden drop may have been the result of traders taking advantage of the peak to sell off their bitcoin.

A month later it broke US$5,000 in another all time high. And two months after that it had almost doubled to over AU$12,000.

Then on 29 November it broke US$10,000 (AU$13,200).

As you can see, a lot can happen in a very short time.

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