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How to AVOID tax on Cryptocurrency � UK for 2022 (legally)Use a cryptocurrency exchange like Coinbase or Kraken to sell bitcoin. If you wish to sell bitcoin and deposit the proceeds directly into a bank. Turn Bitcoin into Cash Using a Peer-to-Peer Exchange � Local Bank Transfer � International Bank Wire � PayPal � Skrill � Payoneer � Western Union. Converting Bitcoin to cash and transferring it to a bank account can be done through third-party broker exchanges or peer-to-peer platforms.