In this guide
Can You Fund Polymarket via Bank Transfer?
Polymarket does not support direct bank transfer deposits. To add funds to Polymarket using a bank transfer, you'll need to send GBP to a UK-compatible crypto platform via Faster Payments, exchange it for USDC, and then move the USDC to your wallet. This approach usually costs less in fees compared to using a debit card.
Best UK Exchanges for Bank Transfer → USDC
- Coinbase UK: Accepts Faster Payments, zero-fee GBP deposits, 0.5–1% conversion spread
- Kraken: GBP SEPA/Faster Payments available, tight USDC conversion spreads
- Revolut: Same-day internal transfers, reduced conversion costs on Premium/Metal subscriptions
- Wirex: Supports GBP deposits, exchanges to USDC with tight pricing
Step-by-Step: Bank Transfer to Polymarket
- Step 1: Send GBP via Faster Payments to your selected exchange (typically instant)
- Step 2: Purchase USDC on the Polygon network (alternatively, buy USDC on Ethereum and use a bridge — though this is less streamlined)
- Step 3: Transfer USDC to your MetaMask Polygon wallet
- Step 4: Move funds into Polymarket from MetaMask
How Long Does a Bank Transfer Take?
Faster Payments in the UK reach the exchange in minutes, typically within 2 hours maximum. After the funds arrive, completing the remaining steps (purchasing USDC, withdrawing it, and transferring to Polymarket) takes roughly 10 minutes or less. From the moment you initiate your bank transfer until you're ready to place trades: normally 3 hours or fewer.
Fees Comparison: Bank Transfer vs Debit Card
Bank transfer usually offers better value on costs. Most platforms impose no charge for Faster Payments deposits, whereas debit card transactions typically incur 1–2% fees. When depositing £500 or more, bank transfer is nearly always the more economical choice.