How to Withdraw USDC from Binance to Polymarket via Polygon
How to Withdraw USDC from Binance to Polymarket via Polygon Moving USDC from Binance to the Polymarket platform requires using the Polygon network to ensure your funds land in the correct layer-2 environment. This guide provides the exact steps for direct transfers and wallet-based methods to get you trading on prediction markets as quickly as possible.
Method 1: Direct Withdrawal from Binance to Polymarket
Step 1: Retrieve your Polymarket Deposit Address
Log in to your Polymarket account, click the “Deposit” button in the top right corner, and select “Transfer Crypto” to reveal your unique Polygon wallet address. Copy this address to your clipboard—and double-check it, because the blockchain doesn’t have an “undo” button for typos.
Step 2: Initiate the Withdrawal on Binance
Access your Binance account, navigate to “Wallet” followed by “Fiat and Spot,” and find USDC in your asset list. Click the “Withdraw” button and select “Send via Crypto Network.”
Step 3: Select the Polygon Network
Paste your Polymarket address into the “Address” field and, most importantly, select Polygon (MATIC) from the “Network” dropdown menu. Choosing Ethereum (ERC20) or any other network will result in your funds being stuck in a digital void, as Polymarket lives exclusively on Polygon.
Step 4: Confirm and Execute
Enter the amount you wish to transfer, click “Withdraw,” and complete your security verification steps (2FA). Your USDC should arrive in your Polymarket balance within 5 to 10 minutes once the network confirms the transaction.
Method 2: Transfer via MetaMask or Web3 Wallet
Step 1: Copy your Web3 Wallet Address
Open your MetaMask or Rabby wallet extension and ensure your network is set to “Polygon Mainnet.” Copy your public wallet address (the one starting with 0x) from the top of the interface.
Step 2: Withdraw USDC from Binance to your Wallet
Follow the Binance withdrawal process mentioned in Method 1, but paste your own wallet address as the destination. Ensure you are still using the Polygon network to avoid high gas fees and network mismatches.
Step 3: Connect your Wallet to Polymarket
Navigate to Polymarket and click “Login,” then select your specific Web3 wallet provider to link your external account to the platform.
Step 4: Deposit from Wallet to Polymarket Balance
Once connected, click the “Deposit” button on Polymarket and choose the “Deposit from Wallet” option. Enter the amount of USDC you just received from Binance and confirm the transaction in your wallet popup to move the funds into your trading account.
Method 3: Bridging Assets from Other Networks
Step 1: Send USDC to a Self-Custodial Wallet
If you have USDC on a different network (like Ethereum or Arbitrum) within Binance, withdraw it to your MetaMask using that specific network’s protocol.
Step 2: Access the Official Polygon Bridge
Navigate to the Polygon Portal or a third-party bridge like Jumper.exchange and connect your wallet.
Step 3: Swap and Bridge to Polygon
Select your starting network (e.g., Ethereum) and your destination network (Polygon), then choose USDC as the asset to move. Confirm the bridge transaction, keeping in mind that bridging from Ethereum to Polygon can take up to 20 minutes and requires ETH for gas.
Step 4: Finalize the Polymarket Deposit
Once the bridge completes and your USDC is visible on the Polygon network in your wallet, return to Polymarket. Use the “Deposit” function to move the USDC from your wallet into your active Polymarket trading balance.