Selling Crypto Advice in the UK

Tax Questions
#1

Hi

A few queries being my first cycle I’ll be selling, based in the UK,

Scenario 1: I sell my crypto on a DEX send the stablecoin to a CEX and transfer into fiat to withdraw

Question: I don’t think Dex’s will give me any sort of transaction history I can use, will thi shave to be noted manually in the tax return?

Scenario 2: I bought my crypto on a exchange which is not FCA regulated and is now popping up with messages saying they cannot operate in the UK.

Question: Can I still transfer my crypto to another exchange to sell or will selling on that exchange incur any sort of penalty?

Thanks

Jag

#2

Hi @Jag_Singh

You should be able to add your wallets on DEXs with no issues depending on whether we support the blockchain or not. Check out How to import data from blockchains (ETH, BTC, etc.).
If we don’t support the blockchain, you should follow the instructions in to import your transactions.

How to import data from unsupported exchanges/wallets/services/coins

You should ask an accountant to help you with the second question. If you have your data, you can still import it into Koinly.