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hamaxo8PM
#1
Crypto
Today 8:54 PM
Non-member Joined: Jan 21, 2024
Posts: 7
Hey guys, finally made some gains in crypto and need to cash out to GBP without getting wrecked on fees or taxes. What's the safest and cheapest way to convert BTC/ETH to fiat right now in the UK — best exchanges, P2P options, or direct bank transfers? Any gotchas I should watch for?
maksitalyPM
#2
Today 8:55 PM
Non-member Joined: Mar 26, 2025
Posts: 19
This guide is pretty spot-on for UK folks https://www.checkasalary.co.uk/blog/how-to-convert-your-cryptocurrency-to-fiat-currency . It walks through the main routes clearly: using regulated exchanges like Coinbase or Kraken (easy bank links but higher fees), P2P platforms like LocalBitcoins/Binance P2P (better rates, more privacy), crypto debit cards for spending, or even OTC desks for big amounts. Covers tax basics (CGT on profits, keep records of cost basis), fee comparisons, withdrawal times, and verification steps to avoid delays. Practical tips like testing small amounts first and watching for AML flags.