Digital Assets and Cryptocurrency

How do I sign up for a cryptocurrency exchange account at Coinbase once my Rocket Dollar account is created?

For an IRA LLC, once your LLC is created, you can use the LLC name and EIN to sign up for an account at Coinbase, in the name of the LLC. For a Solo 401(k), open an account in the name of the plan.

Where can I find the instructions?
You can scroll down to find the instructions for Coinbase

How long will this process take?

As of March 15th, 2021, Cryptocurrency applications are at all-time highs and causing significant delays. Instead of 2 weeks, Current timetables are now 6-8 weeks to open an account at Coinbase

How do I sign up for my Rocket Dollar account at Coinbase?

  1. Create a Rocket Dollar account, either an IRA LLC or Solo 401(k), and gather your Rocket Dollar IRA LLC or Solo 401(k) documents from your client dashboard.
  2. Register for Coinbase Institutional here: https://institutional.coinbase.com/institutional-interest/s/
  3. Legal Entity Name: Enter the name of the LLC or the Solo 401(k) Plan.
  4. Country of Incorporation: Select United States.
  5. State in Incorporation: Select Colorado if LLC or the state of your primary residence if a Solo 401(k).
  6. Other Business Name: leave blank.
  7. Place of Business Operations: Select United States.
  8. Place of Business State: Select the state of your primary residence.
  9. Type of Business: Select Personal Investment Company.
  10. Global Number of Employees: Select 1-10.
  11. Company Website: leave blank
  12. Business Description: Coinbase added a 100 character minimum "This is an IRA LLC/Solo 401(k) for investing in cryptocurrencies. As manager of this LLC/trustee of this Solo 401(k), I will coinbase as a center to trade and use cryptocurrency services on and connected to coinbase for my retirement account."
  13. Fund Assets: Select $0-$5M unless you plan to wire more than $5MM USD to Coinbase. 
  14. Product Interest: Most Rocket Dollar customers choose Coinbase Pro. 
  15. Product Features: Select Exchange Trading and $0-100K, or make the appropriate selection for your situation.
  16. How do you plan to use our products?: Enter "Trade cryptocurrencies," or an appropriate entry for your situation.
  17. Contact Information: Fill out your personal information here. 
  18. Your job title: Enter "Manager" for an IRA LLC or "Trustee" for a Solo 401(k) plan.
  19. LinkedIn URL: Add your LinkedIn profile URL. 
  20. Other contact information: Optional.
  21. Submit. You will see a screen that says "Thanks for your submission!"
  22. A few days later Coinbase will email you an invitation to move forward with a Coinbase Business Application and will include an invite code. Click Register. Fill out the information asked for First Name, Last Name, Email, Legal Entity Name (the name of the LLC or the Solo 401(k) Plan), Password, and your Invitation Code. Then, click Next.
  23. Verify your email from Coinbase. 
  24. You should now be at the Business Account Application Center.
  25. Your LLC or Solo 401(k) account should be in Draft. Click Continue.
  26. You should now be in the Onboarding Application.
  27. Legal Entity Name: Enter the name of the LLC or the Solo 401(k) Plan. Other Trade Names should be left blank.
  28. Place of Business Operations: Add your primary residence here. This is the place of business operations for the LLC or Solo 401(k) plan.
  29. Incorporation Information: Add date of incorporation from the LLC Articles of Incorporation or the day you signed the Solo 401(k) plan adoption agreement for the Solo 401(k). 
  30. Country of Incorporation: Select United States.
  31. State of Incorporation: Select Colorado for LLC or state of your primary residence for Solo 401(k) Plan. 
  32. Legal Entity Type: Select Limited Liability Company for the IRA LLC or Trust for the Solo 401(k) Plan.
  33. Client Type: For Industry, select Financial Services (non-crypto). For Business Type, select Personal Investment Company (PIC).
  34. Coinbase Products: Most Rocket Dollar customers choose Coinbase Pro. Make an appropriate selection for your situation.
  35. What is the purpose of the account?: Select Storage of funds or assets on Coinbase.
  36. Source of funds: Select Private Investors.
  37. Website: leave blank.
  38. Please provide a detailed description ...: Enter "This is an IRA LLC or Solo 401(k) plan set up for investing in cryptocurrencies."
  39. Fund assets under management: Select $0-$5m, or make a selection appropriate for your situation.
  40. Click Save and continue.
  41. Related to Trading account: Coinbase Inc should be selected already. Select $0-$100k for monthly anticipated on-exchange trading volume, or make an appropriate selection for your situation.
  42. Enter your email address.
  43. Click Save and continue.
  44. Verify Business: For the IRA LLC, upload the Articles of Incorporation. For the Solo 401(k) plan, upload the Adoption Agreement.
  45. W-9 Form: Fill out the W-9 according to our instructions and upload it. Instructions are here for the LLC. Instructions are here for the Solo 401(k) plan. 
  46. Tax Information: For the Tax ID number use the EIN of the LLC or the EIN for the Solo 401(k). 
  47. Select "None" for the other countries.
  48. Select "None of the above" for ... any of the following activities or industries?
  49. Select "None" for ICO/STO.
  50. Click Save and continue. 
  51. Verify Team
    1. Director/Officer 1: Fill this out with your personal information.
    2. 25% Beneficial Owner 1: Fill this out with your personal information.
    3. Primary Contact:  Fill this out with your personal information and upload your Government Issued Photo ID. 
    4. Collaborator/Authorized Individual: If you are working closely with a spouse or family member, and you would like them to have access, you can add them here. If not, just add only yourself as the main collaborator. Remember crypto security with crypto wallets that can easily send money is very important and only add fully trusted invididuals.
    5. Certify that all information is true.
  52. Submit. 
  53. Coinbase will email you when your account is ready. 
  54. Initiate a wire transfer from your Solera account to Coinbase.