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The Easiest Way To Cash Out Crypto TAX FREEStep 1 Selecting the appropriate platform � Step 2 Registering and completing KYC � Step 3 Sending Bitcoin to the exchange � Step 4 Placing a sell. 1. Crypto exchange Centralized crypto exchanges are one of the best ways to turn your Bitcoin (or other cryptocurrencies) into cash. With. A common way to move Bitcoin into cash is through withdrawing the cash to a bank account via a wire transfer or automated clearing house (ACH) transfer after.