In this guide
How to Deposit on Polymarket from the UK
Polymarket enforces geographical restrictions that prevent UK-based users from accessing the platform directly. However, PolyGram provides unrestricted entry to the identical CLOB order book and includes purpose-built deposit options for British traders. Every contract is denominated and settled in USDC across the Polygon blockchain.
UK Deposit Methods Available on PolyGram
Bank Transfer (Faster Payments / Open Banking)
British account holders may fund PolyGram via Faster Payments, processed through PolyGram's licensed fiat gateway partner. Your pounds convert to USDC instantly, with settlement typically occurring within 5 minutes. The minimum starting deposit stands at £10. PolyGram itself levies no charge; the gateway operator applies a 1–1.5% conversion cost.
Debit & Credit Card
Both Visa and Mastercard are supported for debit card transactions. When using a credit card, financial institutions occasionally block deposits classified as cash advances — debit cards prove more reliable in these cases. The on-ramp charges roughly 1.8% in processing fees.
Klarna
Klarna's Pay Later service is available for qualifying UK customers. The feature allows you to execute trades immediately whilst deferring payment for up to 30 days. You must maintain an active, compliant Klarna account to use this option.
Crypto (USDC, ETH, BTC)
You may transfer USDC directly into your PolyGram Polygon wallet from major exchanges including Coinbase, Kraken, or Binance. Alternatively, deposit ETH or BTC — the platform's automated bridge converts these assets to USDC without manual intervention. This route offers the lowest costs and greatest speed for frequent traders. Polygon network confirmations occur in less than sixty 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 deposit is $10 in equivalent value. PolyGram enforces no upper ceiling on deposit amounts. Know Your Customer verification becomes mandatory once your cumulative deposits reach $1,500. The identity check procedure 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