In addition to being an instant and convenient way to invest your money, Robocash also offers a Buyback Guarantee that protects you from loss if you fail to pay the loan back. Although the Buyback Guarantee cannot guarantee 100% safety, it does give you some peace of mind in case a borrower defaults. Although Robocash ticks most boxes, you should always know the risks involved and diversify your holdings. Listed below are some benefits and disadvantages of the Robocash system.

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To use the RoboCash system, first you need to verify your identity. To do this, you will need to upload a photo of your ID or scan of your passport. Once you are verified, you can make deposits to your central account. Once you have done this, you will receive an email from Robocash asking you to confirm your email address. You can then proceed to withdraw your money. To use Robocash as a payment option, you should make sure that you have an active European bank account.

The biggest difference between Robocash and other P2P platforms is that Robocash is not a bank. It’s a financial service provider that has been around for several years. While its interest rates are lower than some other platforms, investors will benefit from higher returns. This is because of Robocash’s buyback guarantee. If a borrower doesn’t pay, the company must repurchase the loan. This guarantee is good for the borrower until Robocash goes bankrupt, although its financial figures don’t suggest it.

Robocash offers a good diversification opportunity. Its non-EU financial holding ensures that your funds won’t be lost. The platform itself is secure and its track record is excellent. Still, investors should not invest large amounts of money in Robocash because the company could fail. The downside to Robocash is the lack of a secondary market for its loans. A strong secondary market for these investments is not available to consumers.

The auto invest function is an additional feature that helps you control your investments. Robocash allows you to set parameters – how much to invest, what interest rate, etc. – that will allow you to maximize returns while minimizing risk. This is important if you’re concerned about liquidity. Otherwise, you might be a victim of a Ponzi scheme. In that case, you should opt for a secondary market that offers lower interest rates and better liquidity.

The Robocash website and app make the entire process easy. You will be asked to upload photos of your ID cards as evidence. After submitting these documents, the system will make a preliminary assessment of your details. If necessary, Robocash will call you for verification. If you have any questions about the loan process, you can contact their customer service representatives. The whole process takes less than an hour. The Robocash app also offers faster approval than the website.

You can invest in Robocash as a company or an individual. You must be a legal entity and provide credentials of a company representative. Once you have registered, add funds to your account and choose a portfolio based on your desired criteria. Borrowers can then sign up on the Robocash platform to apply for a loan. The repayment term ranges from seven days to a year, and you must provide sufficient documentation to prove your credibility. If you are approved, the platform will automatically allocate the funds to the loan originator.