Follow this guide and you'll have cash in your bank account within 24 hours.
Access Polymarket NowStill stuck? See detailed troubleshooting →
Step-by-step tutorial to cash out your USDC winnings to your bank account — plus solutions for common withdrawal issues.
⏱️ Quick Summary
This is the most common path: Polymarket → Personal Wallet → Coinbase → Bank Account
Go to polymarket.com and connect your wallet (MetaMask or Phantom).
💡 Make sure your wallet is set to Polygon network, not Ethereum mainnet.
In the top-right corner, click your wallet address or account icon.
Look for "Balances" or "Wallet" section.
✅ You should see your USDC balance (e.g., "1,234.56 USDC")
Next to your USDC balance, click the "Withdraw" button (or arrow icon).
A modal/popup should appear asking:
⚠️ Double-check: Select "Polygon" network (NOT Ethereum)
Paste the Polygon address from your MetaMask/Phantom wallet.
How to find your wallet address:
🚨 Critical: Paste address carefully. Even one wrong character = funds lost forever. Copy-paste, don't type manually.
Review the withdrawal amount and destination address.
Click "Confirm Withdrawal" or "Proceed".
Your wallet will prompt you to approve the transaction:
⚠️ Make sure you have 0.5–1 MATIC in your wallet to cover gas. Without MATIC, transaction fails.
Polymarket will show "Transaction pending" message.
Timeline: 1–5 minutes on Polygon network
You can monitor progress on PolygonScan (block explorer):
✅ Once confirmed, USDC appears in your wallet instantly.
Open your MetaMask/Phantom wallet and send USDC to your Coinbase deposit address.
How to find your Coinbase USDC address:
🚨 CRITICAL: Make sure you select "Polygon" network when getting your Coinbase address. Using Ethereum address = funds lost.
Gas cost: $0.10–$0.30 (paid in MATIC)
Once USDC arrives in Coinbase (1–5 minutes):
💡 Tip: You can also use "Sell" button instead of "Convert" — both achieve same result.
After conversion completes:
✅ Timeline: 1–3 business days for funds to arrive in your bank account
Cost: $0 (Coinbase doesn't charge ACH withdrawal fees)
If you want to hold USDC long-term without converting to fiat:
Cost: ~$0.20 gas fee only (no conversion fees)
Same as Coinbase process:
Cost varies: Binance $1–15 withdrawal fee, Kraken $0–5
What it means: You don't have enough MATIC to pay network fees.
Solution:
⚠️ Always keep 0.5–1 MATIC in your wallet for future transactions.
What it means: You're on Ethereum network instead of Polygon, or pasted wrong address.
Solution:
💡 Pro tip: Bookmark the Polygon network details. It should show "Network ID: 137"
What it means: Network is congested or gas price too low.
Solution:
What it means: Your exchange only accepts USDC on Ethereum mainnet.
Solution (Option A - Recommended):
Solution (Option B - Use Bridge):
💡 Best practice: Use Polygon-native exchanges to avoid bridge fees.
What it means: You pasted an address in wrong format (ENS name, wrong network, typo).
Solution:
🚨 Warning: ENS names (e.g., "user.eth") don't work for direct withdrawals. Always use full wallet address.
| Step | Cost | Notes |
|---|---|---|
| Polymarket withdrawal gas | $0.15–$0.50 | Paid in MATIC on Polygon |
| Send to exchange gas | $0.10–$0.30 | Another Polygon transaction |
| USDC → USD conversion fee | 0.5–1% | Coinbase: ~0.5%, others vary |
| Coinbase bank withdrawal | $0 | Free ACH transfers |
| TOTAL (typical) | $5–$15 | On $1,000 withdrawal = 0.5–1.5% |
Example: Withdraw $1,000 USDC from Polymarket
1. Withdraw in Larger Amounts
Fixed costs ($5) hurt small withdrawals. Wait until you have $500+ to minimize percentage fees.
2. Withdraw During Off-Peak Hours
Gas fees lowest at 2am–6am EST when fewer people trade. Save $0.10–$0.20.
3. Use Polygon-Native Exchanges
Coinbase, Binance, Kraken support Polygon USDC. Avoid $10–$30 bridge fees.
4. Keep MATIC Buffer
Always maintain 1–2 MATIC in wallet for gas. Prevents delays buying MATIC at high prices.
5. Test with Small Amount First
Send $10–$50 first time to verify everything works. Better than losing $1,000 to address mistake.
6. Bookmark Important Links
Save PolygonScan, Coinbase deposit page, Polymarket. Avoids phishing site risks.
Follow this guide and you'll have cash in your bank account within 24 hours.
Access Polymarket NowStill stuck? See detailed troubleshooting →
Disclaimer: Withdrawal instructions accurate as of October 2025. Polymarket and exchange interfaces may change. This is educational content, not financial advice. Cryptocurrency withdrawals carry risks (address mistakes, network issues). Only withdraw funds you can afford to lose.