In this guide
How to Withdraw from Polymarket in the UK
Cashing out your winnings from Polymarket is simple: move USDC from your Polymarket account to any external wallet on the Polygon network, then exchange USDC for GBP through a regulated crypto platform. Most users complete the full withdrawal within 30 minutes after their exchange account has been verified.
Step-by-Step Withdrawal Process
- Step 1: Open Polymarket, navigate to your wallet, and select "Withdraw"
- Step 2: Paste your Polygon wallet address (such as MetaMask or Coinbase Wallet)
- Step 3: Authorise the transaction via your wallet — Polygon network charges are negligible, usually under $0.01
- Step 4: Send your USDC balance to a UK-based exchange (Coinbase, Kraken, or Revolut Crypto)
- Step 5: Convert USDC to GBP and request a bank transfer
How Long Does a Polymarket Withdrawal Take?
The Polygon blockchain settles transactions in roughly 2–5 seconds, meaning your USDC reaches the exchange within moments. The final step — converting to fiat and moving funds to your bank account — usually requires 1–3 working days depending on your financial institution and exchange choice.
Withdrawal Limits
Polymarket imposes no caps or minimum thresholds on withdrawals — you're free to cash out whatever amount whenever you choose. Individual exchanges set their own restrictions based on how thoroughly you've completed their identity verification.
Best UK Exchanges for Converting USDC to GBP
- Coinbase UK — Authorised by the FCA, offers immediate GBP transfers via Faster Payments
- Kraken — Competitive pricing, handles both GBP SEPA and Faster Payments options
- Revolut — Real-time conversion straight into your Revolut GBP account
- Binance UK — Strong market depth, GBP withdrawal costs vary by method