After winning on Polymarket, you'll want to withdraw your funds. Here's how to cash out your USDC.
Withdrawal Steps
- Navigate to your Polymarket portfolio
- Click Withdraw
- Enter the amount of USDC to withdraw
- Confirm the transaction in your wallet
- USDC arrives in your connected wallet
Converting to Fiat (USD)
Once USDC is in your wallet:
- Centralized exchange: Send to Coinbase, Kraken, etc. and sell
- Direct off-ramp: Services like MoonPay or Transak
- P2P: Sell to another person directly
Withdrawal Fees
- Polymarket fee: None for withdrawals
- Gas fee: Small MATIC fee for Polygon transaction
- Exchange fees: Depend on your off-ramp choice
How Long Do Withdrawals Take?
- To wallet: Minutes (Polygon confirmation)
- To exchange: Varies by exchange deposit time
- To bank: 1-5 business days after selling
Troubleshooting
- Transaction pending: Check Polygonscan for status
- Funds not showing: Ensure wallet is on Polygon network
- Need gas: Get small amount of MATIC for fees