Re: BitcoinRates : Rate at all bitcoin exchanges + Arbitrage opportunities + Alerts

Unocoin rates are not currently updated due to API issue. Working on fixing it soon.

fixed

For Unocoin - You are only calculating fees , they also charge tax. So effective one has to pay more then what your data shows and same goes with sell.

Thanks, 14.5% tax has been included in the fees. Also you can set custom fees using the following url:
http://www.bitcoinrates.in/?btcxindia=0.01&coinsecure=0.003&igot=0.01&localbitcoins=0&unocoin=0.01145&zebpay=0

thats incorrect for unocoin. 14.5 is on the transaction charge of 1 %. not on the whole amount. so set it to 1.103195 approx.

Yes, so if someone buys bitcoin for Rs.100, he will pay 1% transaction charge = Rs. 1, plus 14.5% tax on Rs. 1 ie Rs 0.145. So total amount to be paid is Rs.101.145 ie 100*1.01145.
Please let me know if I am making an error somewhere.

INR amount multipliplied by 1.01145 is correct.
For the sell side, it would be multiplication by 0.98855