Can I use Coinbase with my Rocket Dollar IRA LLC or Solo 401(k)?

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No. Unfortunately, Rocket Dollar cannot support a Coinbase account as of December 8th, 2021. All questions about onboarding must be directed to Coinbase itself. Rocket Dollar offers other instructions for other exchanges on our partner's page and our knowledge base.

Why does Rocket Dollar not provide updated Coinbase instructions?

  • Over time in 2020 and 2021, the Coinbase application process has become much more difficult to apply.
  • Customers with applications below $500,000  received subpar customer response times
  • Application times stretched over 6+ months, and some customers were still not approved.
  • Coinbase requires significant and expansive documentation that a non-operating company does not possess (documents on company letterhead, shareholders registrar, directors registrar, etc) and was not willing to make exceptions for non-operating companies like an IRA LLC. Customers who were diligent about creating these documents were still rejected. 
  • Rocket Dollar worked closely with diligent customers willing to work through any hurdle, to see if we could shorten or alleviate the above issues, and they too were rejected in Coinbase onboarding.

Can I view the old instructions?

Here are the old instructions as updated from September 25th, 2021. You may download and use them as a guide. 

  • It is advised you do not try to apply to Coinbase unless you are bringing $500,000 in assets or more.
  • The Rocket Dollar support team will not be able to answer any questions related to these old instructions
  • The Rocket Dollar sales and partnerships team will not be able to answer any questions related to these old instructions. The team is busy working on instructions and partnerships with other exchanges and cryptocurrency channels. Crypto demand continues to grow, and we are working every day with our current and future possible exchange partners. 
  • All questions about onboarding applications should be directed to Coinbase support.

 

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