In this guide
Can You Fund Polymarket via Bank Transfer?
Polymarket does not support direct bank transfers. To fund your Polymarket account using a bank transfer, you must first move GBP to a UK-compatible crypto exchange via Faster Payments, exchange it for USDC, and then send USDC from that exchange to your personal wallet. This approach usually 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 inbound transfers, 0.5–1% conversion margin
- Kraken: GBP via SEPA or Faster Payments, tight USDC conversion margins
- Revolut: Seamless same-network transfers, reduced conversion costs on Premium and Metal subscriptions
- Wirex: Supports GBP inbound transfers, exchanges to USDC with tight spreads
Step-by-Step: Bank Transfer to Polymarket
- Step 1: Move GBP via Faster Payments into your selected exchange (typically instant settlement)
- Step 2: Acquire USDC on the Polygon blockchain (alternatively, purchase USDC on Ethereum and cross-chain bridge — though this is less optimal)
- Step 3: Send USDC from the exchange to your MetaMask account on Polygon
- Step 4: Transfer funds into Polymarket using your MetaMask wallet
How Long Does a Bank Transfer Take?
Faster Payments in the UK settle at your exchange in just minutes (typically 2 hours or less). After funds arrive, completing the remaining steps (purchasing USDC, moving it to your wallet, and depositing to Polymarket) requires approximately 10 minutes. From the moment you initiate the bank transfer to when you can begin trading: usually 3 hours maximum.
Fees Comparison: Bank Transfer vs Debit Card
Bank transfers typically offer better value on fees. Most platforms impose no charge for Faster Payments deposits, whereas debit card transactions incur 1–2% surcharges. When depositing £500 or more, bank transfers are nearly always the more economical choice.