How do I complete my application for my Self-Directed IRA at Cboe Digital?

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CBOE Digital can accept Checkbook IRA & Solo 401k applications and complete them in 5 business days or less. All applications should start by emailing digital.onboarding@CBOE.com with your personal legal name and your Trust or LLC entity name.

How do I get started applying to Cboe Digital?

Email digital.onboarding@CBOE.com with your name and the name of your Checkbook IRA entity or Solo 401(k) plan. You will get a DocuSign document to complete from the CBOE Digital onboarding team. Do not sign up online unprompted before emailing the CBOE Digital team.

Support:

Cboe Digital Application: digital.onboarding@cboe.com

Rocket Dollar: info@rocketdollar.com

How Long does the process take?

In general and after all documents have been provided, cryptocurrency applications can be approved within five business days during CBOE Digital's normal business hours, Monday through Friday, 7 am to 7 pm US Central Time.

What Cryptocurrencies does Cboe Digital support?

Cboe Digital has spot trading for Bitcoin, Bitcoin Cash, Ethereum, USDC, and Litecoin (LTC).

How long does it take to open an entity account at Cboe Digital?

Cboe Digital expects to be able to process and open institutional accounts within five business days.

What states and jurisdictions does Cboe Digital support?

https://www.CBOEdigital.com/regulation/licenses/

CBOE Digital supports almost every state and has pending applications with the following territories: The US Virgin Islands.

Remember, when you apply to Rocket Dollar, your Rocket Dollar-created Trust or LLC will have the address that was used at signup. You cannot use a Colorado LLC to get around this requirement if your address is listed in a non-supported state.

What are the fees for IRA customers?

https://www.cboedigital.com/product/fees/

Account Application:

Account Owner Information

  • Complete with your own name. 

IRA Trust Instructions:

  1. Give your personal information. It is important for Know Your Customer Regulations in crypto and finance
  2. Legal Name of your IRA: This is how entities see the entire IRA. Digital Trust FBO John Doe TRAD/ROTH IRA" When you enter this, fill in your name and the type of IRA you have.
  3. Give the name of your IRA Trust. For John Doe, it defaults to JDOE RD TR unless you chose a Gold account and asked for a custom-named LLC. 
  4.  Your mailing address for your IRA Trust is the one you provided Rocket Dollar at signup
  5. Organized under the laws of Nevada
  6. Trust
  7. Check your documents from your Rocket Dollar dashboard a Trust Agreement and an EIN number to put in the US tax identification number. If you do not, you can contact our support team. If your account is in the first few days of fulfillment, or you have not confirmed your trust name, your trust may not have been created yet.
  8. Put in contacts approved for your account and IRA trust. CBOE Digital needs one contact to be the named beneficial owner/retirement investor named on the Rocket Dollar account. Additional contacts are optional, and crypto security is extremely important. Do not authorize any additional contacts unless you fully understand and trust them to manager your assets, as crypto assets can be drained by hostile actors.

IRA LLC Information:

  1. Give your personal information. It is important for Know Your Customer Regulations in crypto and finance
  2. Legal Name of your IRA: This is how entities see the entire IRA. "Digital Trust FBO John Doe TRAD/ROTH IRA" When you enter this, fill in your name and the type of IRA you have.
  3. Give the name of your IRA LLC. For John Doe, it defaults to JDOE RD LLC unless you chose a Gold account and asked for a custom-named LLC. 
  4.  Your mailing address for your IRA LLC is the one you provided Rocket Dollar at signup
  5. Organized under the laws of Colorado (if Cboe Digital does not let you fill out this box, their onboarding team is aware all IRA LLCs at Rocket Dollar are organized in Colorado)
  6. Check IRA Limited Liability Company
  7. Check your documents from your Rocket Dollar dashboard. You should have articles of incorporation and an EIN number to put in the US tax identification number. If you do not, you can contact our support team. HOWEVER. If your account has not been made aware you can now FUND/TRANSFER ASSETS, your LLC might not be created yet. Please do not contact our support team for missing documents unless you have started to work with our team on funding your Rocket Dollar account.
  8. Legal Entity Identified - leave blank
  9. Put in contacts approved for your account and IRA LLC. Cboe Digital needs one contact to be the named beneficial owner/retirement investor named on the Rocket Dollar account. Additional contacts are optional.

Questions:

1-8: Answer all questions 1-8 appropriately.
9: Answer question 9 with your custodian, Digital Trust

Digital Trust FBO John Doe, Trad IRA (or Roth IRA)

The EIN should be the EIN of your IRA Trust

10: contact info@CBOEdigital.com with any questions here. At this time, the ONLY way to fund a new IRA investment is with fiat, US dollars. Cryptocurrency is deemed as Property by the IRS and must be bought or sold to take a distribution or make a contribution to an IRA. The IRA can then purchase cryptocurrency and hold it if is clearly owned by the IRA LLC.

If you have questions about the W-9, contact info@rocketdollar.com and see here for an IRA Trust or here for an IRA LLC.

Member Master Agreement

  1. Member Name is your IRA LLC name.
  2. Member Addresses can either be your IRA Trust’s registered address or your mailing address.
  3. Fill in the blanks with...
  • Your LLC name, JDoe RD LLC (is the default for someone named John Doe, unless you requested a custom LLC name with a Gold account)
  • Entity Type: Limited Liability Company
  • Organized Under Colorado

Section 17.1

Provide your personal email you would want to receive notices for your IRA LLC from Cboe Digital.

Counterparts Signature

On behalf of the IRA Trust, Name, Signature, Title: TRUSTEE, Date

On behalf of the IRA LLC: Name, Signature, Title: MANAGER, Date

On behalf of the IRA: Name, Signature, Title: FBO Trad/Roth IRA, Date

Termination Agreement Signature

On behalf of the IRA Trust, Name, Signature, Title: TRUSTEE, Date

On behalf of the LLC: Name, Signature, Title: MANAGER, Date

Authorized Signatory

Sign twice here, once for IRA LLC Manager and once as the Beneficial owner of the account. You, as the investor, hold both positions. 

On behalf of the IRA Trust, Name, Signature, Title: TRUSTEE, Date

On behalf of the LLC: Name, Signature, Title: MANAGER, Date

On behalf of the IRA: Name, Signature, Title: FBO Trad/Roth IRA, Date

Additional Documents should be emailed to digital.onboarding@CBOE.com

You can find 1, 2, & 3 in your Rocket Dollar dashboard. Login to app.rocketdollar.com/login, and click on your documents portal. If you have already started working with the Rocket Dollar team on a retirement transfer, you should see your IRA LLC documents in your Dashboard. If you don't see them, you can contact the Rocket Dollar support team from your Dashboard by clicking on the Help link. If you have not started working with Rocket Dollar on a rollover, transfer, or contribution, your IRA LLC is not yet complete.

IRA Trust:

  1. Trust Agreement
  2. EIN Letter

IRA LLC:

  1. IRA LLC Articles of Organization
  2. LLC Operating Agreement
  3. EIN Letter
  4. Valid US Government ID or Drivers License
  5. A W-9 form and you can review W9 instructions here. You will put the EIN of the custodian of your IRA LLC. 

Bank Information:

Rocket Dollar does not have control over Checkbook IRA Bank Account funds. Once an account transfer has been completed a retirement transfer or contribution to fund your checkbook bank account for your IRA LLC. 

Once your CBOE Digital account is open, you will need to initiate a wire transfer in order to send funds to CBOE Digital. Wire information can be found below.

Routing/ABA # 

071000288

Account # 

2462174

Recipient Name 

CBOE Clearing Customer Non-Segregated Account

Recipient Address 

111 S Wacker Dr, Suite 4730, Chicago IL 60606 USA

Recipient Bank 

BMO Harris Bank N.A.

Bank Address 

115 S LaSalle Street, Chicago IL 60603 USA

Reference Code* 

##-###### & Customer Name (Specific Firm-Account Code is used to distinguish accounts. This will be determined during the account opening process)

 

Make sure you have continued to work with the Rocket Dollar support team to get your account funded, so you can move money to CBOE Digital once your CBOE Digital account is complete. It is ok to apply to CBOE Digital before finishing account funding with Rocket Dollar, but money MUST go through Rocket Dollar's partner bank in order to move IRA funds to CBOE Digital.

When you get to the Bank United Portal, you might notice some different language.

Beneficiary Institution Name: CBOE Clearing Customer Non-Segregated Account

 

Beneficiary Institution Address: 111 S Wacker Dr, Suite 4730, Chicago IL 60606 USA

 

Beneficiary Institution Account Number: 2462174

 

Routing Number: 071000288

 

Intermediary Institution: BMO Harris Bank N.A.

 

Beneficiary Address 115 S LaSalle Street, Chicago IL 60603 USA

 

Country: United States

 

Specific Instructions

##-###### & Customer Name (Specific Firm-Account Code is used to distinguish accounts. This will be determined during the account opening process)

 

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