Re: Safest way to cash out crypto to a UK bank without centralized exchanges?
Hi friends,
I’m planning to take some profits during this bull run and convert some crypto to fiat into UK bank account. Previously, I used centralized exchanges, but I’d prefer not to this time since, from 2026, all UK exchanges will be required to report every transaction to HMRC.
I’ve tried looking for escrow services but haven’t found any suitable for selling crypto to fiat for a UK bank account.
I’m wondering what the best option would be. Is P2P the way to go? If so, which platforms are the safest, and what measures can I take to ensure that the cash received in my bank is legitimate and can’t be reversed or charged back?
Thanks.
I’m planning to take some profits during this bull run and convert some crypto to fiat into UK bank account. Previously, I used centralized exchanges, but I’d prefer not to this time since, from 2026, all UK exchanges will be required to report every transaction to HMRC.
I’ve tried looking for escrow services but haven’t found any suitable for selling crypto to fiat for a UK bank account.
I’m wondering what the best option would be. Is P2P the way to go? If so, which platforms are the safest, and what measures can I take to ensure that the cash received in my bank is legitimate and can’t be reversed or charged back?
Thanks.
As far as I know there is no safe way to cash out to a UK bank if it can be traced back to a cryptocurrency or something to do with cryptocurrency. The UK government is a clown circus and the banks do what they want at this point. I would recommend p2p for cashing out but even then the banks might have questions for you that you might or might not be able to answer with satisfaction.
Why not just keep your money in crypto?
P2P really is your best option. Bisq is usually the best option.