There are a few options for exchanging bitcoin for cash, but each has its own risks and drawbacks that need to be considered.

Peer-to-Peer Transactions: This can be a reliable way to exchange bitcoin for cash, but it requires finding a trustworthy buyer and conducting the transaction in person.

Bitcoin ATMs: While some Bitcoin ATMs require KYC and have high fees, they can still be a better option than bank transfers. You can find Bitcoin ATMs near you through websites like Coin ATM Radar.

Cryptocurrency Exchanges: While you prefer to avoid exchanges, some exchanges offer the option to withdraw funds in cash, either through a direct deposit to a bank account or by withdrawing cash at a partner ATM. However, this option may still involve paying taxes and dealing with banks.

Over-the-counter (OTC) Trades: Some OTC trading desks allow you to trade large amounts of bitcoin without having to go through an exchange. You can find OTC traders through websites like ex-LocalBitcoins (offline now) or through referrals from trusted sources.

Regardless of the method you choose, it's important to exercise caution and do your own research before making any decisions. It's always a good idea to consult a financial advisor or tax professional for guidance on the tax implications of your specific situation.