Advice Needed on Selling Crypto to a UK Bank Account for the First Time

Hi all,

I’m looking for advice on selling cryptocurrency and transferring the funds to my UK bank account. This is my first time selling, and the amount is in the mid 4-digit range. I’m unsure about the best way to go about it and what I should consider in terms of tax and declaring the earnings.

A few specific questions:

• What’s the best method/platform to sell crypto and transfer to a UK bank account?
• Do I need to worry about Capital Gains Tax for a small amount like this, or is there a threshold I should be aware of?
• Would it make any difference if I stagger withdrawals, like withdrawing £1,000 a month?
• Are there any red flags I should avoid to ensure smooth transactions with my bank?

Any advice, tips, or personal experiences would be greatly appreciated! Thanks in advance! 🙏