Thanks jzcjca00.

Very helpful.

To OP,

The idea is great but the problem is with a business account on bitcoin exchange.

To avoid mixing personal funds with LLC funds, you need a LLC banking account and business account on bitcoin exchange.

Here is what Bitstamp requires to open a "corporate" account:

<<<<<   To open a corporate account with us please do so by submitting the following documents:
(i) Certificate of incorporation and Memorandum & Articles of Association or any other relevant founding documents
(ii) Annual return which details who the directors and the beneficial shareholders of your company are as of the last fiscal year or any similar documents which confirm the ownership of the company
(iii) Resolution of the Board of Directors to open an account with Bitstamp and identification of those who have authority to operate the account (if applicable)
(iv) Authorization for other persons to manage your account (if applicable)
(v) Copy of a company telephone landline bill or a recent company bank account statement addressed to your company name and office address
(vi) A high resolution image of the international passport and a proof of residency of at least two members
of the board of directors, and any owners with a ownership share of 25% or more

A proof of residency can be a scanned image of one of the following paper documents:
• bank statement (no credit card statements)
• utility bill for utilities consumed at the home address
• tax return, council tax
• certificate of residency issued by a government or a local government authority
• you can also submit other documents to serve as proof of residency such as; government-issued documents, judicial authority-issued documents, documents issued by a public agency / authority, utility service company, or similar regulated service providing companies
These documents must be provided as high resolution images and proof of residency must be scanned images of paper documents.
Finally we would ask you to please help us better understand the nature of your business by answering the following questionnaire:
1. What is the name of the company and what is its Tax / VAT ID?
2. What is the company url? How do your customers typically reach you?
3. Is your business listed on a recognized stock exchange? If so, what is your unique membership ID?
4. Who is(are) the owner(s) of your company? Please provide the information of the beneficial share ownership including the percentage of shares each beneficiary owns. Please identify all parties with beneficial voting rights for trusts.
5. What is your company's business activity? Please provide a detailed description of company activity, what service you provide, who your typical customers are, what type of payments you accept and how your services are priced.
6. Is your business regulated for AML? If so, what is your specific policy? Specifically, how do you perform KYC for your customers? Please provide as many details of your AML policy as possible.
7. What is the purpose of your trading on Bitstamp? Please describe in as much detail as possible how you intend to use your trading account. Please also help us understand how the funds which will be sent to your Bitstamp account were acquired.
8. Which bank are you using? Please provide the complete address and SWIFT code.
9. Estimated amount that you would be depositing to your Bitstamp account per month (in USD and BTC)? Please help us better understand your intended frequency and volume of deposit/withdrawal bank transfers.
10. What type of trading will be conducted? Buying/selling/both?
11. Do you have an established relationship with any other bitcoin exchange?
12. Will your company provide Bitstamp's customers services by making use of their Bitstamp accounts? If so, how?  >>>>>

Most of those requirements do not apply to LLC for IRA, so you cannot open a business account with Bitstamp. If you have an account with Bitstamp that is only for LLC but is under your personal name, the exchanges will not accept funds from LLC bank, as it is considered third party transaction.

As I understand, other exchanges have similar requirements.

How did you deal with this issue?

jzcjca00,

Is selling my current bitcoins necessary in order to purchase bitcoins into new LLC Roth IRA?
It seems that selling bitcoins that I held for a while leaves me with fiat that I cannot put into the first Roth IRA
due to contribution limits.

Can I just open LLC Roth with fiat from the sale of mutual funds (from your example)?

The withdrawal has been completed.

I submitted withdrawal of my bitcoins from Tradehill 36 hours ago, and the submission is still in process.
I did not get any reply from them to my email.

Could bitcoin withdrawals be halted?
Any ideas what is going on?

Why are you trying to "open" the wallet.dat?  It is a binary file.  It isn't intended to be read by a human.

Yes, I finally realized that.

Thank you all for your help.

Greatly appreciated.

d

Exactly!             


There are two wallets:

wallet #1 (savings wallet  on USB drive that I created following the steps here: http://startbitcoin.com/how-to-create-a-secure-bitcoin-wallet/    .

wallet #2 that came with bitcoin client.


A couple of months ago, I sent some bitcoins to my #1 wallet address, and and now I wanted to update it. I just booted Ubuntu from USB drive and installed Bitcoin Linux version.
When I opened Bitcoin, I first tried to delete wallet #2 that came in .bitcoin folder in order to paste my #1 wallet from USB stick.

For some reason, I was not able to delete wallet #2, or paste my savings wallet.

Also, when I tried to open wallet #2, I got the message:

Could not display “/home/ubuntu/.bitcoin/wallet.dat”
The file is of an unknown type.

When I first went through this process a few months ago, everything went well. This time, I am making a mistake somewhere.

I have a savings wallet, and I sent some bitcoins to its address.

I want to receive those bitcoins into my savings wallet, which I have to copy and paste into .bitcoin.
The wallet in .bitcoin cannot be deleted, and my savings wallet cannot be pasted there.
I have no idea what is happening.

No, I did not change the file extension.

Also, I cannot delete this wallet.

I am not a geek, so computer stuff is not easy for me.

My problem is that I am not able to open wallet.dat in bitcoin client.

I ran Ubuntu from USB drive. I downloaded bitcoin client for Linux. Then I opened .bitcoin folder, and I tried to open wallet.dat and got the message:

Could not display “/home/ubuntu/.bitcoin/wallet.dat”
The file is of an unknown type.

I am sure I am missing something. What could that be?
I appreciate your help.

delta

It is definitely the correct account.
I tried pasting and writing the password very carefully many times. The site just rejects it.

same here