In this guide
Can You Fund Polymarket via Bank Transfer?
Polymarket does not support direct bank transfer funding. To add funds to your Polymarket account using a bank transfer, you must first send GBP to a UK-compatible crypto platform via Faster Payments, exchange it for USDC, and then move USDC from that platform to your personal wallet. This approach typically carries lower costs compared to using debit card payments.
Best UK Exchanges for Bank Transfer → USDC
- Coinbase UK: Accepts Faster Payments, no charge for GBP inbound transfers, 0.5–1% spread on trades
- Kraken: Faster Payments and SEPA available for GBP, tight USDC market spreads
- Revolut: Same-day transfers within the app, reduced conversion costs on Premium and Metal subscriptions
- Wirex: GBP account funding, USDC conversion at market-competitive pricing
Step-by-Step: Bank Transfer to Polymarket
- Step 1: Send GBP via Faster Payments to your preferred exchange (typically processed instantly)
- Step 2: Acquire USDC on the Polygon blockchain (alternatively, purchase 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 typically settle within minutes, rarely exceeding 2 hours. Following arrival at your exchange, completing the remaining steps (purchasing USDC, withdrawing to your wallet, and depositing to Polymarket) takes roughly 10 minutes or less. From the moment you initiate the bank transfer to when you can begin placing trades: generally no more than 3 hours.
Fees Comparison: Bank Transfer vs Debit Card
Bank transfers tend to offer superior economics. Most platforms impose zero fees for Faster Payments deposits, whereas debit card transactions incur 1–2% charges. For transactions of £500 or more, bank transfer is virtually always the more economical choice.