Bitcoin Forum

Hello friends,

I’m looking for a reputable escrow service to sell some BTC during this bull run. I’d like to receive the fiat in a UK bank account. I’ve already contacted a few well-known escrow providers mentioned in other threads, but they informed me they don’t handle currency exchange. Any recommendations would be greatly appreciated.

Thank you  :)

The only safe (https://bitcointalk.org/index.php?topic=5368163.0) (for you) way for an escrow to do this, is by receiving GBP on his own bank account, then waiting for the Bitcoin transaction to be confirmed, and finally forwarding the GBP to the buyer. BUT: this can go wrong in so many ways. The money could come from a hacked bank account, which makes the escrow liable. This is not possible without risks for at least one of the involved parties.

Thanks for your reply. So, my only options are to use a centralised exchange or P2P? I’d prefer not to use a centralised exchange, as from next year all exchanges in the UK will be required to share each and every transaction details with HMRC.

However, P2P also carries the same escrow-related risks you mentioned. What other options do I have? Any suggestions would be greatly appreciated. Thanks.

You want to use a UK bank account, so it's safe to assume your bank already shares whatever HMRC wants. There is no privacy when using banks.

The safest option would be to just pay your taxes so you can legally use your fiat money.

Currently, banks are not required to share information with HMRC unless specifically requested. However, starting in 2026, all cryptocurrency exchanges will be required to report every transaction.

Paying taxes is not an issue — I already pay a substantial amount for income etc. — but I strongly disagree with paying Capital Gains Tax (CGT) on cryptocurrency. I believe CGT is fundamentally unfair — essentially legalised robbery. The government offers no compensation when cryptocurrency prices crash and we incur substantial losses, yet they still demand a share of any profits when prices rise, despite the extreme volatility, long-term holding, and significant risks involved.

Because of this, I want to explore every possible method to avoid paying CGT on  cryptocurrency.

Even if it's as you say, LoyceV is right. We can all assume that banks don't follow this rule and that they can even invent "reasons" for bypassing it. Plus, since they have your doxs, you can never know what they can do with them.


If paying taxes isn't an issue, then this conversation has no meaning from the start. Because you are not seeking alternative methods to sell your BTC, but for an escrow for P2P kind of trade. You want to receive fiat on a bank account, and that is, by definition, a KYCed (thus taxed) method.

I don't agree to the taxes in my country either, but still have to pay them. What you're asking is for an escrow to support tax fraud. No legit escrow would do that, which means the only ones willing to do this shouldn't be trusted.

    hi do you accept cash or wire is the only way ?

They don't agree because it's related to fiat currency. There might be some issues later, and escrows would have a problem. As some other users already said about potential risk, you have to consider it before choosing to exchange your funds. I would advise you to use some reputable instant exchanges that work on fiat. Most probably they will not send your dirty funds since this is their business, but you must verify whether they are well reputed or not.

Second option: you may use crypto cards. You can withdraw directly from the ATM. Because when I am abroad, I have been using crypto cards to withdraw money from the ATM. I don't use my credit cards usually for withdrawal. If this is suitable for you, then consider this. I have been using Redotpay, and it's been working well. You may choose some others if you find them reputable.

Thanks for your reply. A crypto card might be an option, but as I mentioned, from 2026 all crypto exchanges will be required to report every transaction to HMRC, so it’s likely that crypto card transactions will also be reported.

I have no issue with paying taxes in general; I already contribute a substantial amount through my income tax and other obligations. However, I do not want to pay Capital Gains Tax on cryptocurrencies.

I believe CGT on cryptocurrencies is fundamentally unfair — essentially legalised robbery. The government offers no compensation when cryptocurrency prices crash and we incur substantial losses, yet they still demand a share of any profits when prices rise, despite the extreme volatility, long-term holding, and significant risks involved.

Because of this, I want to explore every possible  method to avoid paying CGT on my cryptocurrency holdings.

This is just my personal opinion and preference — there’s no need for anyone to agree with it or argue against it  :)

is there any tax on foreign remittances if not maybe i can buy not that much but  like 2000$ almost daily but sending from here will cost a lot if you agree we can discuses on rates just PM me maybe it will work for both of us

Once more. As long as your trade is involved with a fiat transaction to a bank, you will have to justify it to your tax authorities. Even if your trades will be in small amounts, at some point, you will trigger the alarms, and they will ask/charge you whatever. So, it doesn't matter what you believe for the system. Will you use a bank? You are done. Simple as that.

This is how that conversation goes: "Please answer the following list of privacy invading questions to our satisfaction, or we'll close your bank account." No matter what you tell them, I'm pretty sure they'll just report the data to authorities. My country is going for the record and reports just about anything (https://www.researchgate.net/publication/352499426/figure/fig2/AS:11431281429579496@1746719305455/Position-of-European-FIUs-by-percent-of-received-suspicious-transactions-reports-STRs_Q320.jpg) (I can't hotlink the image).
Either way, you'd better have a good answer when they come snooping.

Why not use the escrow provided by LocalCoinSwap.com? They’ve been operating reliably for many years. I’ve personally used their services, and everything was always handled smoothly (even in cases where the outcome wasn’t in my favor - I had no complaints, because the arbitrator’s decision was fair overall).

I eventually stopped trading there because I didn’t like that they shift AML-related responsibilities onto buyers. But as a seller, that likely won’t matter to you - unless, of course, your bitcoins were obtained through illicit means.

On the contrary, I had a different experience with Localcoinswap. Their escrow system isn't as reliable as you claim, nor does it provide any protection to either legit buyers or sellers. If you fall into a trap of the many that are there, nobody will save you or your coins. There are many cases of such incidents, and that's the main reason that people don't want to use it, not their AML procedures.