In this guide
How to Deposit on Polymarket from the UK
Polymarket enforces geographic restrictions affecting UK-based users, though PolyGram provides unrestricted entry to the identical CLOB order book alongside purpose-built UK funding pathways. All contract settlements occur in USDC across the Polygon blockchain.
UK Deposit Methods Available on PolyGram
Bank Transfer (Faster Payments / Open Banking)
British account holders may capitalise their PolyGram wallet through Faster Payments via PolyGram's licensed fiat gateway partner. Deposited sterling converts to USDC instantaneously, with settlement typically occurring within 5 minutes. The floor for any single deposit 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 debit instruments are supported. Credit card transactions risk rejection by issuing banks when flagged as cash-like advances — debit cards remain the safer alternative. The gateway charges approximately 1.8% per transaction.
Klarna
Klarna's buy-now-pay-later scheme integrates seamlessly for qualifying UK members. The arrangement permits immediate market entry with settlement deferred across a 30-day window. Access requires an active, compliant Klarna membership.
Crypto (USDC, ETH, BTC)
Direct USDC transfers to your PolyGram Polygon address work from any major custodian (Coinbase, Kraken, Binance). Alternatively, transmit ETH or BTC — PolyGram's integrated bridge performs real-time conversion into USDC. This route suits high-frequency participants seeking minimal friction and cost. Polygon confirmations materialise within 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
Floor amount: $10 equivalent. PolyGram enforces no ceiling on deposit size. Know-your-customer verification becomes mandatory once cumulative inflows exceed $1,500. Identity confirmation completes within 2–5 minutes.
How Long Do Deposits Take?
- Bank transfer: 2–10 minutes
- Card: instant–3 minutes
- Crypto USDC: 30 seconds–2 minutes