How to Deposit on Polymarket from the UK
Polymarket applies geofencing restrictions to UK-based users, though PolyGram provides unrestricted access to the identical CLOB order book alongside purpose-built UK funding pathways. All positions settle via USDC held on the Polygon blockchain.
UK Deposit Methods Available on PolyGram
Bank Transfer (Faster Payments / Open Banking)
British account holders may capitalise their PolyGram wallet using Faster Payments routed through PolyGram's licensed fiat gateway partner. Deposited sterling converts to USDC instantly, with settlement typically occurring within 5 minutes of initiation. The minimum contribution threshold stands at £10. PolyGram itself levies no charge; the gateway operator applies a 1–1.5% conversion margin.
Debit & Credit Card
Both Visa and Mastercard payment cards are supported for deposits. Some credit card issuers may block transactions if flagged as cash-like advances — debit cards are therefore recommended where feasible. The on-ramp gateway typically charges approximately 1.8% per transaction.
Klarna
Klarna's deferred-payment offering is available to qualifying UK residents. The service permits immediate trade execution with settlement spread across a 30-day window. Eligibility requires an active, compliant Klarna account.
Crypto (USDC, ETH, BTC)
Direct transfers of USDC to your PolyGram Polygon-native address are accepted from major custodians including Coinbase, Kraken, and Binance. ETH and BTC deposits are also supported — the platform's bridging infrastructure automatically liquidates these into USDC. This pathway offers the lowest friction and cost structure for high-frequency market participants. Polygon settlement occurs 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 floor for any single deposit is $10 in equivalent value. PolyGram enforces no ceiling on deposit size. Know-Your-Customer verification becomes mandatory once cumulative deposits reach $1,500. Identity confirmation 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