The two-step flow
Polymarket can't ACH dollars to your bank directly — it settles in USDC. Withdrawing means: (1) send USDC from Polymarket to an exchange that accepts USD, then (2) sell USDC and ACH the dollars to your bank.
Guide · Beginner
How to Withdraw From Polymarket
Pull your USDC off Polymarket and convert it back to US dollars. Wallet flow, fees, timing, and tax record-keeping.
How long does a Polymarket withdrawal take?
USDC arrives at Coinbase in 2–5 minutes on Polygon. The Coinbase-to-bank ACH adds 1–3 business days; instant debit-card cashout is available for ~1.5%.
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TL;DR
Polymarket can't ACH dollars directly — you send USDC to Coinbase on Polygon (2–5 min, ~$0.50), convert to USD (free), then ACH to your bank (1–3 business days). Total end-to-end fees on a $1,000 withdrawal: about $1.
Step 1 — Send USDC to Coinbase
In Polymarket, click Cash out → Withdraw USDC. Open Coinbase, go to USDC, click Receive, and choose network Polygon. Copy that address into Polymarket. Withdrawal arrives in 2–5 minutes for ~$0.50 in gas.
Network must match: Polygon → Polygon. A Coinbase Ethereum address will reject the deposit and the funds can be lost.
Step 2 — Sell USDC and cash out to your bank
On Coinbase, convert USDC to USD (free). Then click Transfer → ACH to your linked bank. ACH takes 1–3 business days; instant cashout to a debit card costs ~1.5%.
Fees end-to-end
From Polymarket back to USD in your bank account, expect $0.50–$1 in total fees on a $1,000 withdrawal. That's a fraction of a percent of the amount withdrawn.
Keep records for tax season
Save the Polygon transaction hash, the Coinbase conversion receipt, and the ACH confirmation. Polymarket gains are typically reported as ordinary income (treatment is evolving — confirm with a CPA). See our prediction markets tax guide for the full picture.
Frequently asked questions
How long does a Polymarket withdrawal take?
USDC arrives at Coinbase in 2–5 minutes on Polygon. The Coinbase-to-bank ACH adds 1–3 business days; instant debit-card cashout is available for ~1.5%.
Is there a withdrawal fee on Polymarket?
Polymarket charges only the Polygon gas fee (~$0.50). Coinbase USDC-to-USD conversion is free; ACH transfers are free.
What's the minimum Polymarket withdrawal?
Polymarket itself has no enforced minimum, but Polygon gas (~$0.50) makes withdrawals under $20 uneconomic.
Do I have to pay taxes on Polymarket winnings?
In the US, yes. Most CPAs report Polymarket P&L as ordinary income on Schedule 1. Treatment is still evolving — see our prediction markets tax guide and confirm with a tax pro.
Can I withdraw to PayPal or Venmo?
Not directly. Cash out to Coinbase first, then transfer USD to PayPal or your bank — Coinbase supports both rails.
Sources & references
About the author
Catie Di Stefano
Editor-in-Chief, PredictionWins · 15+ yrs experience
Catie has spent 15 years covering iGaming, sports betting, and now prediction markets — first as a trade reporter, later as head of editorial at two major industry publications. She has tested every regulated US event exchange since Kalshi's 2021 launch and writes the bulk of PredictionWins' platform reviews and tax explainers.
Reviewed against our editorial policy.
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