Hi all,
I currently have a sum of money sitting in a wallet. Can I simply extract the value in one go and place it into my bank account? Or is there a protocal to follow?
Do I need to declare this with HMRC as all I want to do is place it into my bank account.
Many thanks,
K
There is no banks in this world accepts cryptocurrency as their deposit so obviously you have to sell it and I don't know what is wrong with selling and taking the cash from your bank account.
You can move the funds to any exchange and convert into fiat there or go to p2p exchanges where you can directly sell the funds to buyer and the funds will be coming to your bank account,once you confirm the payment received then you can release the escrow.