How to deposit funds on Polymarket?

To deposit funds into Polymarket, connect your MetaMask wallet to the website, select the amount of ETH you wish to deposit, and follow the on-screen prompts to complete the transaction.

Feb 07, 2025 at 02:36 pm

Key Points

Step 1: Create a MetaMask Account

• Install the MetaMask browser extension or mobile app.
• Configure the browser extension or mobile app by creating a password and security measures.
• Record the 12-word recovery seed phrase and keep it safely, as this is essential for recovering your account.

Step 2: Fund Your MetaMask Wallet

• Open the MetaMask extension or app and click the "Buy" button.
• Select a payment method, such as credit card, Apple Pay, or bank transfer.
• Enter the desired amount to transfer and confirm the transaction.

Step 3: Add Ethereum to Polymarket

• Navigate to the Polymarket website and connect your MetaMask wallet.
• Click the "Deposit" button and select "Use MetaMask."
• Enter the amount of Ethereum you want to deposit and click the "Deposit" button again.

Step 4: Approve the Deposit Transaction

• A MetaMask confirmation window will appear, prompting you to approve the deposit transaction.
• Review the transaction details and click "Confirm."

Step 5: Wait for Deposit Confirmation

• The Ethereum network will process the deposit transaction, which may take several minutes.
• Once the transaction is confirmed, your Ethereum balance will be credited to your Polymarket account.

FAQs

How long does it take to deposit funds into Polymarket?

The deposit processing time depends on the Ethereum network congestion. Typically, it takes between 5 to 15 minutes for the transaction to be confirmed.

Is there a minimum or maximum deposit amount?

Yes, there is a minimum deposit amount of 0.05 ETH. There is no maximum deposit amount.

What payment methods are accepted?

Polymarket currently accepts ETH via MetaMask, bank transfer, credit card, and Apple Pay.

Can I deposit Stablecoins or other cryptocurrencies?

Currently, only ETH can be deposited into Polymarket. Other cryptocurrencies, such as stablecoins, are not supported.

What if I encounter any issues with depositing funds?

If you experience any issues during the deposit process, you can contact Polymarket support for assistance.