In this guide
How to Deposit on Polymarket from the UK
Polymarket restricts access for users in the UK, though PolyGram provides unrestricted entry to the identical CLOB order book alongside purpose-built UK funding options. All contract outcomes are settled using USDC held on the Polygon network.
UK Deposit Methods Available on PolyGram
Bank Transfer (Faster Payments / Open Banking)
British account holders can top up their PolyGram wallet by initiating a Faster Payments transfer through PolyGram's fiat gateway partner. Your sterling deposit converts immediately into USDC and settles in approximately 5 minutes. The floor for any single deposit stands at £10. PolyGram itself levies no charge — instead, the gateway operator applies a 1–1.5% conversion fee.
Debit & Credit Card
Both Visa and Mastercard debit cards work seamlessly. Should you attempt a credit card deposit, your issuing bank may reject it as a cash-like transaction — debit cards are the safer choice. The on-ramp charges roughly 1.8% for card-based funding.
Klarna
UK residents with active Klarna accounts can use Klarna Pay Later to fund trades immediately and defer payment for up to 30 days. This option requires an existing, good-standing Klarna profile.
Crypto (USDC, ETH, BTC)
Transfer USDC directly from any major exchange—such as Coinbase, Kraken, or Binance—to your PolyGram Polygon address. Alternatively, deposit ETH or BTC; PolyGram's bridge automatically swaps these into USDC. This approach suits frequent traders best, with minimal cost and Polygon confirmations arriving in under 60 seconds.
Deposit Fees Comparison
- Bank transfer: ~1–1.5% on-ramp fee
- Debit card: ~1.8% on-ramp fee
- Klarna: 0% (interest-free 30-day)
- Crypto (USDC direct): ~$0.001 Polygon gas only
Minimum and Maximum Deposits
The minimum funding amount is $10 equivalent. PolyGram imposes no ceiling on deposit size. Know Your Customer verification becomes mandatory once your cumulative deposits exceed $1,500. The identity check process completes in 2–5 minutes.
How Long Do Deposits Take?
- Bank transfer: 2–10 minutes
- Card: instant–3 minutes
- Crypto USDC: 30 seconds–2 minutes