Deposits & Withdrawals on Polymarket

Table of Contents

  1. Depositing Funds

Depositing Funds

  1. MetaMask Deposit (Easiest)
  2. Peer-to-Peer (Cheapest)
  3. Manual Deposit (Currently expensive)
  4. Debit or Credit Card (for non-US residents)

MetaMask Deposit (Easiest)

  • MetaMask wallet: Stores USDC and ETH
  • USDC: Funds you will be depositing into your Polymarket wallet
  • ETH: Used to pay transaction fees to transfer USDC to your Polymarket wallet
  1. Install MetaMask on a supported browser (MetaMask FAQs)
  2. Send USDC to your MetaMask wallet from an exchange like Coinbase (Your wallet address can be found at the top of your MetaMask screen)
  3. Purchase ETH for the two transaction fees below via MetaMask by using your debit card with Wyre (Click “Buy” and “Continue to Wyre”)
  4. The ETH is used to pay for (a) the first-time user authorization fee and (b) the transaction fee to move your USDC into your Polymarket account [An estimate of the ETH required to transfer your USDC is shown when selecting MetaMask Deposit]
  5. Once you have USDC and enough ETH in your MetaMask account, go to the Deposit page and select “MetaMask Deposit”
  6. When prompted, connect your MetaMask wallet with Polymarket
  7. Enter how much USDC you would like to deposit and click “Approve Deposit”
  8. First, confirm and pay (a) the first-time user authorization fee. The amount of ETH required will be displayed by MetaMask
  9. Once the transaction is processed, press “Deposit” again and confirm to pay (b) the transaction fee to move your USDC into your Polymarket account. The amount of ETH required will be displayed by MetaMask
  10. Your funds are on their way! They should arrive within 10 minutes

Peer-to-Peer Deposit (Cheapest)

  • Community member who has USDC on Matic (the sidechain where Polymarket funds are held and transactions are facilitated)
  • Agreement with community member on the transaction fee
  • Your Polymarket wallet address
  1. Check out our Discord and use the #peer-to-peer channel to coordinate with another Polymarket user who has USDC on Matic
  2. Agree upon the transaction fee for the community member sending you USDC on Matic
  3. On the Deposit page, select Peer-to-Peer deposit to find your Polymarket wallet address
  4. Send the community member your Polymarket wallet address, so they can send USDC on Matic
  5. Funds should be in your wallet instantly!

Manual Deposit (Currently expensive)

  1. Select Manual Deposit and copy your Polymarket wallet address
  2. Send USDC from an exchange like Coinbase. (Wait 2–3 minutes for the funds to arrive)
  3. Once the USDC arrives, click the link for pending deposits under your current balance
  4. Click “Take me there” in the “Initiate Your Deposit” screen
  5. Copy your ETH wallet address and send the estimated ETH required to facilitate the USDC transfer
  6. Click “Initiate Deposit” once you have enough ETH
  7. Your funds are on their way! They should arrive within 10 minutes

Debit or Credit Card (for non-US residents)

  1. Select the Debit or Credit Card deposit option
  2. Enter how much USDC you want to purchase
  3. Fill out your payment information
  4. Click “Buy Now”

Withdrawing Funds

  1. Manual Withdrawal (Easiest)
  2. Peer-to-Peer (Cheapest)

Manual Withdrawal (Easiest)

  • USDC: Funds in your Polymarket wallet
  • USDC-compatible wallet address (e.g., Coinbase): Where your funds are going
  • ETH: Used to pay transaction fees to transfer USDC from your Polymarket wallet
  • Time: 6 hours to withdraw
  1. Enter how much USDC you want to withdraw and then start the withdrawal process (It will take ~6 hours for your withdrawal to be ready)
  2. When your withdrawal is ready, click the “Claim funds here” link
  3. Copy your ETH wallet address and send the estimated ETH required to facilitate the USDC transfer
  4. Click “Refresh” to update the ETH balance
  5. Copy the USDC-compatible wallet address (e.g., your Coinbase wallet) where you want your funds to be sent, paste it in the box, and click “Send”
  6. Your funds are on their way! They should arrive within 5 minutes

Peer-to-Peer Withdrawal (Cheapest)

  • Community member who wants to receive USDC on Matic (the sidechain where Polymarket funds are held and transactions are facilitated)
  • Agreement with community member on the transaction fee
  1. Check out our Discord and use the #peer-to-peer channel to coordinate with another Polymarket user who wants USDC on Matic
  2. Agree upon the transaction fee for the community member sending you an equivalent value of your USDC on Matic
  3. On the Withdraw page, paste the community member’s Matic wallet address (Do NOT enter a non-Matic wallet address as these funds will be lost!)
  4. Enter how much USDC you want to send to this community member and send
  5. Funds should be in their wallet instantly
  6. Confirm that you have also received your funds

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