Rocket Dollar Knowledge Base

How do I use my Rocket Dollar account to buy cryptocurrency?

Use a Self-Directed Solo 401(k) or Self-Directed IRA to buy cryptocurrency

You are able to use your Rocket Dollar accounts to invest in Bitcoin and other types of cryptocurrencies such as Ethereum, Ripple, Litecoin, and any other cryptocurrency. You can open an account at an exchange or purchase wallet app and title it in the name of your Self-Directed Solo 401(k) retirement trust, or your IRA's LLC.

Be sure to use the trust's EIN or LLC’s EIN when signing up for the account instead of an individual's social security number.

If your Self-Directed Solo 401(k) plan's name is John Smith EPSP 401(k) you would title your account at the exchange as John Smith, Trustee for John Smith EPSP 401(k).

If you're using an LLC inside of the Self-Directed IRA or Self-Directed Solo 401(k) you'll open an account at a crypto exchange in the name of the LLC. John Smith's LLC name is JSmith RD LLC. John Smith is the single member and the LLC is member managed. John will open the exchange account in the name of JSmith RD LLC and will use the LLC's EIN in the sign up process.