Why do fool us like this and show that they are charging 1% and 3% fees. Instead they should show correct exchange rate and no matter they clear charge 5% or 10% for their risk.
Btw please explain how exactly do you determine the correct exchange rate. Correct exchange rate should mean at that particular rate, any one including the exchange itself should be able to both buy and sell any number of bitcoins without violating any kind of regulations.I don't agree with it.
There are bitcion exchange.
The price should be as of xe.com (must popular) or should be as of http://bitcoinprices.com/
It just shows how much understanding you have about bitcoin markets. I would recommend you to spend some time to know about bitcoin prices and the pricing indexes like xe.com and bitcoinprices.com. They do use data from various exchanges to determine the bitcoin prices to show on their service. It is not the exchanges see those prices and adapt their prices accordingly
Unocoin have also got queries from various other bitcoin price indexes who want to include Unocoin prices as well in their calculation and they were given the access to our api already. They obviously give very less weightage for Unocoin prices as the volume is much less as compared to popular exchanges like btc-e and bitstamp.