In this guide
Can You Fund Polymarket via Bank Transfer?
Polymarket does not support direct bank transfers. Instead, UK users should deposit GBP to a crypto exchange that accepts Faster Payments, exchange it for USDC, and then move USDC to their wallet for Polymarket funding. This method generally carries lower costs compared to paying with a debit card.
Best UK Exchanges for Bank Transfer → USDC
- Coinbase UK: Accepts Faster Payments, zero-cost GBP deposits, spreads between 0.5–1%
- Kraken: SEPA and Faster Payments for GBP, tight USDC conversion spreads
- Revolut: Same-day transfers within the app, reduced conversion costs on Premium and Metal subscriptions
- Wirex: Accepts GBP inbound transfers, offers competitive USDC conversion pricing
Step-by-Step: Bank Transfer to Polymarket
- Step 1: Send GBP via Faster Payments to your exchange account (typically arrives instantly)
- Step 2: Purchase USDC on the Polygon chain (alternatively, buy USDC on Ethereum and use a bridge, though this is less practical)
- Step 3: Send USDC from the exchange to your MetaMask wallet on Polygon
- Step 4: Transfer funds from MetaMask into your Polymarket account
How Long Does a Bank Transfer Take?
Faster Payments in the UK settle at your exchange in a matter of minutes (normally within 2 hours). After the funds arrive, completing the remaining steps—purchasing USDC, moving it to your wallet, and depositing to Polymarket—takes roughly 10 minutes or less. End-to-end, from sending the bank transfer to being ready to place trades, you should expect around 3 hours or fewer.
Fees Comparison: Bank Transfer vs Debit Card
Bank transfers typically offer better value on fees. Most platforms waive deposit fees for Faster Payments transfers, whereas debit card payments incur charges of 1–2%. For transactions over £500, using a bank transfer almost always proves more economical.