Polymarket FAQ: Common Questions Answered

Users buy shares at prices between $0.01-$0.99, representing implied probabilities from 1% to 99%. When markets resolve based on real-world outcomes, winning shares pay $1.00 each, while losing shares become worthless. Your profit equals the difference between your purchase price and the $1.00 payout.

For example, if you buy Yes shares at $0.40 and the event occurs, you receive $1.00 per share — a $0.60 profit (150% return).

Learn more about how Polymarket works →

Polymarket is a legitimate, US-based platform with transparent market mechanics, on-chain settlement, and oracle-based resolution. The platform has institutional backing, professional team, and established operational history.

However, users should understand that prediction markets involve financial risk, including potential total loss of invested capital. Only participate with funds you can afford to lose.

Read our full legitimacy analysis →

Polymarket is primarily web-based and accessible through desktop and mobile browsers. No native app store download is required. The platform is optimized for mobile browsers and works well on smartphones and tablets.

Users can access all features through their preferred mobile browser including Chrome, Firefox, and Safari.

Learn more about Polymarket access →

Polymarket uses wallet-based authentication. To create an account:

1. Visit the official Polymarket website
2. Connect your cryptocurrency wallet
3. Complete profile setup

There is no traditional email/password registration — your wallet serves as your account identifier.

Read our account setup guide →

Polymarket accepts major cryptocurrencies including:

• Bitcoin (BTC)
• Ethereum (ETH)
• Tether (USDT)
• USD Coin (USDC)

Note: Polygon and USDC are NOT mandatory. Users can deposit using any supported cryptocurrency from any exchange or wallet.

Learn more about deposits →

Each user receives a unique deposit address. The deposit process is straightforward:

1. Access your deposit address in your Polymarket account
2. Copy the address carefully
3. Send cryptocurrency from any exchange or wallet to that address
4. Funds appear after blockchain confirmation

Polymarket does not charge deposit fees, but standard blockchain network fees apply.

Read our complete deposit guide →

Yes, Polymarket supports Bitcoin (BTC) deposits. Users can send Bitcoin directly to their unique deposit address from any wallet or exchange. Bitcoin deposits typically require 1-6 confirmations (10-60 minutes) before funds are available.

Learn more about Bitcoin deposits →

Polymarket referral links (sometimes called invite codes) are promotional links that may provide benefits to new users. Users can sign up through referral links to access the platform. Referral programs may offer various benefits — check the current program details on the official platform.

Learn about referral links →

Markets resolve based on predetermined criteria established when the market is created. Each market specifies:

• Resolution sources (official results, government data, etc.)
• Resolution timing
• How edge cases are handled

Polymarket uses oracle systems to verify real-world outcomes and trigger resolution. Winning shares pay $1.00; losing shares become worthless.

Polymarket's fee structure includes:

• Trading fees: Small percentage on trades
• No deposit fees: Polymarket doesn't charge for deposits (network fees apply)
• Withdrawal fees: Network fees apply based on current blockchain conditions

Factor fees into your expected returns when evaluating trades.

Yes, users can withdraw available funds at any time. Note that:

• Funds in active positions must first be sold or wait for market resolution
• Blockchain network fees apply to withdrawals
• Processing time depends on network conditions
• Minimum withdrawal amounts may apply