In this guide
Can You Fund Polymarket via Bank Transfer?
Polymarket does not accept bank transfers as a direct funding method. To fund 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 debit card payments.
Best UK Exchanges for Bank Transfer → USDC
- Coinbase UK: Accepts Faster Payments, no charge for GBP deposits, 0.5–1% conversion margin
- Kraken: GBP SEPA and Faster Payments available, tight USDC conversion margins
- Revolut: Same-day internal transfers, reduced conversion costs on Premium and Metal subscriptions
- Wirex: Supports GBP deposits, offers competitive USDC conversion rates
Step-by-Step: Bank Transfer to Polymarket
- Step 1: Transfer GBP through Faster Payments to your selected exchange (normally instant)
- Step 2: Purchase USDC on the Polygon network (alternatively, acquire USDC on Ethereum and use a bridge — though this is less practical)
- Step 3: Send USDC from the exchange to your MetaMask Polygon wallet
- Step 4: Move funds from MetaMask into your Polymarket account
How Long Does a Bank Transfer Take?
Faster Payments in the UK reach the exchange in a matter of minutes (typically 2 hours maximum). Following the arrival of your funds, purchasing USDC, withdrawing it, and depositing it to Polymarket requires fewer than 10 minutes. The entire journey from sending a bank transfer to being ready to trade normally takes under 3 hours.
Fees Comparison: Bank Transfer vs Debit Card
Bank transfer typically offers superior fee economics. The majority of exchanges impose no charge for Faster Payments deposits, whereas debit card transactions usually incur 1–2% charges. When depositing £500 or more, bank transfer nearly always proves more economical.