Polymarket Deposit Fees in Malaysia (Cash vs Crypto)

For Malaysian users, understanding deposit fees is important when using Polymarket. While the platform supports both cash and crypto funding methods, the actual fees can vary significantly depending on how you deposit.

Polymarket Using MYR (Cash Methods) – Fees Apply

Popular payment methods available for Malaysian users may include:

Touch ‘n Go	DuitNow
Apple Pay	Google Pay
GrabPay	Boost

1. Provider Fee: This is charged by the payment processor.
   • DuitNow → around 1%
   • E-wallets → around 1.75%
2. Swapped Fee: This fee is charged for converting MYR into crypto and platform processing.
   • It scales based on your deposit amount (percentage-based):
     • RM 100 → RM 1.99 (~2%)
     • RM 1,000 → RM 19.91 (~2%)
     • RM 10,000 → RM 199.91 (~2%)
   • 👉 Estimated: ~2% of deposit amount
3. Network Fee: This is the blockchain processing fee.
   • Fixed fee (does not depend on deposit amount)
     • RM0.05

Real Example (RM100 Deposit)

• Deposit → RM100
• Provider fee → RM1.75
• Swapped fee → RM1.99
• Network fee → RM0.05

👉 Total paid: RM103.75

Polymarket Crypto Deposits – Zero Cost Option

Polymarket primarily supports crypto deposits using USD Coin through platforms like Coinbase. When depositing with cryptocurrency, users do not incur traditional payment processing fees such as provider or swapped fees. Instead, only a small blockchain network fee may apply from the external wallet. This makes crypto deposits a more cost-efficient option, especially for users who are already familiar with digital assets.

The Limitation for Malaysian Users

Although crypto deposits are cheaper, they require:

• buying cryptocurrency first
• setting up a crypto wallet
• understanding blockchain transactions

For beginners, this process may not be as straightforward as using MYR.

Alternative: Avoid Deposit Fees Completely

Because of the additional steps and layered fees involved, many Malaysian users prefer platforms that offer a simpler and more transparent deposit experience.

Instead of dealing with conversion charges, provider fees, and blockchain-related processes, some platforms allow users to deposit directly using Malaysian Ringgit through familiar payment methods. This makes the overall process faster, easier, and more suitable for beginners.

Platforms like 1Win provide a more convenient option by supporting both MYR and cryptocurrency deposits without the need for multiple fee layers. Users can fund their accounts and start playing without worrying about unexpected charges or complex setup.

For players who value simplicity and cost efficiency, choosing a platform with straightforward deposit methods can make a significant difference in the overall experience.