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 send GBP to a UK-based crypto platform via Faster Payments, exchange it for USDC, and then move the USDC to your personal wallet. This method typically 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, 0.5–1% conversion margin
- Kraken: GBP via SEPA or Faster Payments, tight USDC conversion margins
- Revolut: Same-day transfers within the app, reduced conversion costs for Premium and Metal subscribers
- Wirex: Supports GBP deposits, competitive USDC conversion pricing
Step-by-Step: Bank Transfer to Polymarket
- Step 1: Send GBP through Faster Payments to your preferred exchange (normally instant)
- Step 2: Purchase USDC on the Polygon network (alternatively, buy USDC on Ethereum and use a bridge — though this is less practical)
- Step 3: Transfer USDC from the exchange to your MetaMask wallet on Polygon
- 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 minutes (typically within 2 hours). After the funds arrive, completing the remaining steps (purchasing USDC, transferring it out, and depositing to Polymarket) takes roughly 10 minutes or less. From the moment you initiate the bank transfer to when you can start placing bets: normally around 3 hours.
Fees Comparison: Bank Transfer vs Debit Card
Bank transfer generally offers better value. Most platforms levy no charge for Faster Payments deposits, whereas debit card transactions incur 1–2% fees. For transactions exceeding £500, bank transfer is nearly always the more economical choice.