In this guide
Can You Fund Polymarket via Bank Transfer?
Polymarket does not accept bank transfers directly. To fund your Polymarket account via bank transfer, you first deposit GBP into a UK-friendly crypto exchange using Faster Payments, convert to USDC, then withdraw USDC to your wallet. This route typically has lower fees than debit cards.
Best UK Exchanges for Bank Transfer → USDC
- Coinbase UK: Faster Payments supported, fee-free GBP deposit, 0.5–1% conversion spread
- Kraken: GBP SEPA/Faster Payments, competitive USDC spreads
- Revolut: Instant internal transfer, low conversion fees for Premium/Metal plans
- Wirex: GBP deposits, converts to USDC at competitive rates
Step-by-Step: Bank Transfer to Polymarket
- Step 1: Deposit GBP via Faster Payments to your chosen exchange (usually instant)
- Step 2: Buy USDC on the Polygon network (or buy USDC on Ethereum and bridge — less efficient)
- Step 3: Withdraw USDC to your MetaMask Polygon wallet
- Step 4: Deposit into Polymarket from MetaMask
How Long Does a Bank Transfer Take?
UK Faster Payments arrive at the exchange within minutes (usually under 2 hours). Once funds land, the rest of the process (buy USDC + withdraw + deposit to Polymarket) takes under 10 minutes. Total time from initiating a bank transfer to trading: typically under 3 hours.
Fees Comparison: Bank Transfer vs Debit Card
Bank transfer generally wins on fees. Most exchanges charge no deposit fee for Faster Payments, versus 1–2% for debit cards. For amounts above £500, bank transfer is almost always cheaper.