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How Could Cryptocurrency Affect My SSDI?

What is involved with linking a cryptocurrency with my bank account? What are the details of involvement to my SSDI? If used to just transfer funds?

Another question on cryptocurrency and how it could effect my ssdi.Other options besides bank account.Pay pal,debit card,wire transfer.These need to be reported if any earned from the crypto and, or sociol security will discover without reporting?I'm just curious how it works.Dont want any risks.Thank you so much for being here.

Hi. I don't know anything about cryptocurrency, so I have no idea what's involved with linking it to a bank account. My expertise is limited to Social Security benefits.

Nothing that you do with regard to cryptocurrency would have any effect on Social Security disability (SSDI) benefits, if that's what your receiving. Only earned income can affect SSDI benefits, and investment income isn't considered as earned income. So, if all you're receiving from Social Security is SSDI benefits, you wouldn't need to notify Social Security if you purchase cryptocurrency or if it increases in value.

Best, Jerry

Posted: 
Jun 22 2021 - 4:30pm
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