In this guide
Can You Fund Polymarket via Bank Transfer?
Polymarket does not accept bank transfers as a direct funding method. To add funds to your Polymarket account using a bank transfer, you must first send GBP to a UK-compatible crypto exchange via Faster Payments, exchange it for USDC, and then transfer USDC to your personal wallet. This approach generally incurs lower costs compared to using a debit card.
Best UK Exchanges for Bank Transfer → USDC
- Coinbase UK: Accepts Faster Payments, zero-cost GBP deposits, 0.5–1% conversion spread
- Kraken: GBP SEPA and Faster Payments available, tight USDC spreads
- Revolut: Same-day transfers between accounts, reduced conversion costs on Premium and Metal subscriptions
- Wirex: Supports GBP inbound transfers, offers competitive USDC conversion pricing
Step-by-Step: Bank Transfer to Polymarket
- Step 1: Send GBP through Faster Payments to your selected exchange (typically arrives instantly)
- Step 2: Acquire USDC on the Polygon network (alternatively, purchase USDC on Ethereum and use a bridge — though this is less optimal)
- Step 3: Move USDC from the exchange to your MetaMask Polygon wallet
- Step 4: Transfer funds into Polymarket using your MetaMask account
How Long Does a Bank Transfer Take?
Faster Payments in the UK settle at the receiving exchange in just minutes (typically 2 hours or less). Following settlement, completing the remaining steps (purchasing USDC, moving it out, and depositing to Polymarket) requires fewer than 10 minutes. From the moment you initiate the bank transfer until you can begin trading: normally 3 hours or fewer.
Fees Comparison: Bank Transfer vs Debit Card
Bank transfers typically offer superior fee economics. Most platforms impose zero charges for Faster Payments deposits, whereas debit card transactions incur 1–2% surcharges. For transactions exceeding £500, bank transfer consistently proves more economical.