Our guide is here to tell you everything you need to know about Polymarket’s crypto markets. Plus you’ll learn how the prediction markets site lets you make speedy and secure crypto deposits and withdrawals.
Here we’ll give you a solid grounding in the vast range of crypto prediction markets available at Polymarket. You’ll learn what it means to make these trades, and we’ll give you a quick walkthrough guide to get you started. Plus we’ll look at how you can make crypto deposits and withdrawals at this hugely popular prediction markets site.
Let’s have a quick reminder of how crypto prediction markets work before you start trading. What happens is that Polymarket will ask you a question like, ‘Will the value of Bitcoin rise or fall today?’ and you will have to pick one of the predictions, such as ‘Rise’ or ‘Fall’, and then purchase the event contract matching that prediction.
The value of each event contract will be established by the trading activity of people on the site, and it’ll typically be between $0.01 and $1.00. The cheaper the contract, the less risky the prediction is. The more expensive the contract, the safer the prediction is.
If your prediction is correct, the value of the event contract will rise up to $1. This means that you’ll get more returns for picking a riskier event contract that turns out to be correct. If your prediction is wrong, your contract’s value will be set to zero.
Note that you will be trading against other people at Polymarket, and you can decide to buy and sell these contracts before the event has actually concluded. We should also mention that Polymarket will include fees of up to 1.80% for each crypto trade you make.
One of the biggest reasons as to why so many people come to Polymarket for their crypto prediction markets trades is just how many trading options you have.
You will find that a broad selection of the biggest cryptos are featured such as Bitcoin, Ethereum, Solana, XRP, Dogecoin, BNB and Microstrategy, and there were no less than 255 distinct prediction markets when we wrote this guide. Here are just a few examples of the different kinds of crypto contracts you could be trading:
| Crypto prediction market type | Example |
|---|---|
| 5 Min Crypto | Will the value of Bitcoin go up or down in the next five minutes? |
| 15 Min Crypto | Will the value of Ethereum go up or down in the next 15 minutes? |
| 1 Hour Crypto | Will the value of Solana go up or down over the next hour? |
| 4 Hours Crypto | Will the value of XRP go up or down over the next four hours? |
| Daily Crypto | What price will XRP hit today? You’ll be given various price bands to predict for this. |
| Weekly Crypto | What minimum price will Solana be above on a particular date in a week’s time? |
| Monthly Crypto | What will the Ethereum implied volatility Index hit by the end of the month? |
| Yearly Crypto | What price will Lighter hit this year? |
| Pre-Market Crypto | What will the market cap (FDV) of MegaETH be one day after launch? |
| Crypto ETF | Will there be positive or negative Bitcoin ETF Flows on a particular day? |
Not only does Polymarket excel in sheer variety of crypto prediction markets it offers, it also has the following features that’ll make your trading experience even more enjoyable:
You can watch the price movements of your crypto contracts in real-time. It’s a pretty scary experience but essential for knowing at what time you should cash in your contracts. You can also adjust this to show data other than the price such as candlestick charts, chances of success and ,much more.
Polymarket will also give you speedy summaries of the relevant crypto market over the past few increments. Definitely worth a look for figuring out where that crypto coin could be heading next.
Polymarket will ensure that each prediction market is accompanied by clear and concise rules, so that everyone knows what counts as a winning and losing contract.
You can see a constantly updated feed of what trades other people are making on your chosen crypto, and there is also a Comments feed that displays the opinions of other traders. Not always too insightful, but often pretty entertaining.
This is a handy tool that uses AI technology to give you a paragraph displaying all of the relevant price data for the crypto prediction market you are trading. Just remember that AI has the tendency to hallucinate every now and then.
So let’s give you a quick example of how you can enjoy trading some Bitcoin markets at Polymarket. Follow these simple steps and get into the trading action:
Hit any of the links for Polymarket in the banners of this page to launch the site from your browser (there’s also a mobile app available)
Create your account by filling in the form with your email address and creating a username and password (you can also sign in via your crypto wallet, such as Metamask or Coinbase, or Google)
Verify your identity by providing the required documentation and log into your account
Make an opening deposit via your crypto wallet or purchase some crypto via the third-party link (both of these processes are described in further detail below)
Go to the Polymarket lobby and click on the Crypto tab in the navigation bar, and then browse the available BTC prediction markets
Click on any event contract that you want to purchase
Select the amount of the contracts that you wish to buy
Hit the Trade button to complete the transaction
From here, you can relax and watch the price movement of the crypto prediction market that you’re trading, and then either attempt to sell it for a profit or wait until the event has settled and hope your prediction is correct.
Polymarket is a crypto-based prediction markets site which uses the USD Coin (USDC) for trading. This takes place on the Polygon blockchain which basically means you get a fast and cost-effective way to move your money around. It’s worth noting that USDC is a stablecoin which means that its value is pegged to the dollar. This helps to give a realistic impression of how much you are trading.
You can make a deposit of USDC to Polymarket via your crypto wallet and it’s good to find that there aren’t any minimum deposit amounts. There won’t be any fees from Polymarket for making your deposits, but you should note that processing times and fees will get more severe at times of peak network activity.
To purchase USDC, you will typically face fees of under 1.5% via bank transfer, while this may go up to 5% with a card. For your actual transactions, sending USDC via Polygon or Solana will see fees that are as little as $0.01, whereas it can be significantly more expensive on Ethereum.
Here’s a quick look at how you can make your first crypto deposit at Polymarket:
Click on any of the links for Polymarket in the banners of this page to launch the site from your web browser
Register an account by hitting the Sign Up button and signing up via email, Google or your crypto wallet
Verify your account by hitting the verification link that is sent to your email and complete the KYC procedure
Create your username and log into your account
Hit the Deposit button and select whether you want to deposit USDC via your wallet or use a fiat payment method to purchase USDC via Moonpay
Copy Polymarket’s deposit address and paste it into the send field of your crypto wallet
Enter how much USDC you want to deposit
Double-check the details and submit your payment
Once you have made some returns from your trades, you can then make a withdrawal at any time in USDC with no fees from Polymarket itself. As soon as you submit your payout request, the funds should usually be back in your crypto wallet within seconds, and there’s no minimum withdrawal threshold either. Once again, remember that such fees and processing times are at the mercy of network activity.
While Polymarket is primarily a crypto-based prediction markets site, the brand does make a few concessions to non-crypto users. This is because you can make a fiat purchase of USDC via MoonPay and then use this crypto for your predictions.
Such payments can be made from a minimum of between $20 and $30 with your card or via bank transfer. Once you have made some returns, you can then send the USDC gained from your wallet to a crypto exchange, sell it for US dollars and then transfer it to your bank. Not the most straightforward arrangement, but easy enough for most people.
While many people continue to hope for some kind of Polymarket Airdrops, these crypto markets remain one of the brand’s biggest selling points. Here are the main pros and cons of trading crypto contracts at Polymarket:
Anyone who’s read our Polymarket review will know that this is one of the most forward-thinking prediction markets brands and it’s no surprise that this is equally true for its coverage of cryptos. After all, the brand will let you trade contracts on all of the biggest cryptos, and it’s got some pretty interesting markets including those that let you make five-minute predictions.
As well as this, you have to remember that Polymarket is primarily a crypto-based prediction markets site with all of its transactions taking place in USDC and full support for crypto wallet deposits and withdrawals. So if you love all things crypto, then hit any of the links for Polymarket in the banners of this page to sign up and start trading.
Most of the trading activity on Polymarket takes place using the USD Coin (USDC) and these trades take place on the Polygon blockchain. This ensures that you get a cost-effective and fast way to make your transactions.
In theory, yes, as you’ll be making your trades in USDC. However, it’s worth noting that Polymarket will let you purchase crypto via MoonPay by making a payment with a regular fiat payment provider.
Yes, it is highly likely as the brand is currently available in all 50 states across the nation. Just note that certain states have been attempting to block Polymarket from operating within their borders, so be sure to check back here to get the latest information.
You will have to be at least 18 years old to sign up to Polymarket which is standard for most prediction markets sites. So expect to have to verify your identity by providing some kind of government-issued photo ID before you can make your trades.
Because Polymarket is a Designated Contract Market that is regulated by the Commodity Futures Trading Commission (CFTC). Such regulation is essential for any prediction markets site to operate in the US, and it should help protect you from things like fraud, price manipulation and insider trading.
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