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How to use Polymarket in Peru: from soles to USDC and back

Polymarket works in Peru with no known restriction. Buy USDC with soles on Binance, Buda or OKX, send it over Polygon, and withdraw to the exchange to cash out.

By Matías MardonesUpdated on October 25, 20264 min read

Can you use Polymarket in Peru?

Yes. Peru is not on Polymarket’s geoblocking list and there is no known local block. Polymarket does not take soles, so the route is always the same: buy USDC with soles on an exchange, send it over the Polygon network to your deposit address, and to cash out, send it back to the exchange and sell it for soles.

There is no known statement from Peruvian authorities on Polymarket or on prediction markets in general. That is all that can be said on solid ground. Markets on the 2026 Peruvian election were among the most searched in Spanish. The Peru page is updated if anything changes.

Step 1: swap soles for USDC

These are the exchanges most used in Peru to get USDC:

Exchange What you use it for
Binance Buying USDC with soles through its available methods
Buda Buying USDC with soles
OKX Buying USDC through its available methods
  1. Create an account and complete the verification the exchange requires.
  2. Fund it in soles with one of its methods.
  3. Buy USDC, the stablecoin worth 1 US dollar.

Buy, sell and withdrawal fees are set by each exchange and published on its site. Look them up before you start: on this route they are the cost that matters most.

Step 2: send USDC to Polymarket over Polygon

  1. On Polymarket, go to Deposit and copy your EVM address. It is unique to your wallet and to that network type.
  2. On the exchange, go to Withdraw, pick USDC and the Polygon network. If Polygon is not offered, choose another network that Polymarket’s deposit screen shows as supported and use that same network on both sides.
  3. Check the minimum shown on the deposit screen. It changes over time.
  4. Confirm. On arrival, USDC is converted to pUSD, Polymarket’s internal currency, automatically.

Send an unsupported token or pick a different network and you can lose the money. For those cases there is recovery.polymarket.com, which tries to recover mistaken transfers without promising anything. The full walkthrough is in how to deposit on Polymarket.

Polymarket also offers card deposits, through an external processor with its own fees, and a Coinbase connection.

Step 3: withdraw from Polymarket to soles

  1. Press Withdraw on Polymarket. Your pUSD is converted to native USDC via a Uniswap pool on Polygon.
  2. Paste your USDC deposit address from Binance, Buda or OKX and select the same network.
  3. On the exchange, sell the USDC for soles and transfer them to your bank account according to its methods and timelines.

According to the official withdrawal docs, Polymarket charges nothing to withdraw and withdrawals are instant unless the Uniswap pool is depleted. If that happens, split the amount or wait. You can withdraw pUSD without converting it, but many exchanges will not accept it, so from Peru the practical choice is to withdraw as USDC. More detail is in how to withdraw from Polymarket.

What it actually costs

Item Who charges How much
Deposit Polymarket Nothing
Withdrawal Polymarket Nothing
Maker order Polymarket Nothing
Taker order Polymarket Category rate, 0 to 0.07
Buying and selling USDC Binance, Buda or OKX Exchange’s published rate
Withdrawing USDC from the exchange The exchange Exchange’s published rate
Polygon network The network Cents; normally covered by the exchange

The taker fee formula, with examples, is in the fees guide. If your gains are meaningful, ask an accountant how to declare them.

To see what prices markets are showing before you deposit, open the markets board.

Frequently asked questions

There is no known statement from Peruvian authorities, and Polymarket does not restrict Peru. That is not the same as a local licence: it simply means there is no known ban.

Which exchange should I use to deposit on Polymarket from Peru?

The most used are Binance, Buda and OKX. On any of them you buy USDC with soles and withdraw it over Polygon to your Polymarket deposit address.

How do I withdraw from Polymarket to Binance?

Choose Withdraw on Polymarket, paste your Binance USDC deposit address and select the same network on both sides. Polymarket does not charge for the withdrawal.

Is there a minimum deposit?

Yes, but it varies by network and token. Always check the minimum shown on Polymarket’s deposit screen before sending.

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