Topic: Robocoin (Read 1014 times)

IIRC, robocoin requires confirmations before allowing the user to cash it out. If the confirmation is fast, then it would be ready for cashing out instantly, if it's not, I'm afraid it would take sometime. But overall, robocoin is pretty smooth in cashing out and buying Bitcoins.

This is what I was wondering about,the website made it look like you setup a wallet before you come in and boom insta cash out.
Before the wallet I would go in scan my phone with the QR code and wait around 10 minutes. Last time I did this I saw a guy do the same but he bought a coffee and proceeded to cash out all in 2 minutes. Might have been a rep or something I guess.

Will give it a shot at the end of the month and come back with a update.

I am not sure if you would consider this to be "recently" however I used it back in November to sell a few BTC. The process of signing up is easy, first you need to verify your phone number with (IIRC) a verification code that you receive via text message on your phone then you need to scan your drivers license or passport so they can verify your identity and match it against your picture whenever you use their ATM (at one point they take your picture and select a PIN, however IDR at which point this happens).

Whenever you use their ATM's after you register, you will need to receive enter a code you receive via text message and enter your PIN in order to "login" to your account. Once you are logged in, you are given the option to either deposit BTC to your robocoin wallet (it is really an account however they call it a wallet), withdraw from your robocoin wallet, buy BTC with cash, and sell BTC for cash. You need to have three confirmations before your account/wallet is credited, and you can't send BTC to your wallet until you create an account in person, so the first time you want to sell BTC for cash you will need to wait around for a little while, after the first time you use their ATM's you can send BTC to your robocoin account before you arrive so you can sell it right away for cash. 

Sorry for the confusion was hoping to read from people that have used it lately.
I read the coindesk threads,thank you LiteCoinguy.

They had a lot of AML/KYC id requirements, but the last I heard they were turning their machines into sort of bank terminals too. They will probably have faster traction in countries outside the US, though.

Something new. The first time I hear.

are they planning to launch a wallet that allows instant withdraws and deposits? For everyone or just to be used on their devices?

how will they deal with double spends and stuff?

http://www.coindesk.com/technology/bitcoin-atm/

it is an ATM Manufacturer.

i heard nothing new. for my taste too much AML / KYC stuff...

Is this a new kind of alt coin? Never heard it before.

Have not heard much lately about Robocoin and was wondering if the implementation of their wallet for instant withdraw was running smooth?

Did a quick search and nothing really came up.