In this guide
Polymarket stands as the globe's premier prediction market platform, yet newcomers to cryptocurrency often encounter a demanding onboarding process. This guide covers each stage in detail — and highlights why PolyGram offers a more accessible entry point.
Option A: Start with PolyGram (Recommended for Beginners)
PolyGram grants access to identical Polymarket CLOB liquidity without requiring any cryptocurrency background:
- Launch Telegram → locate @PolyGram_Telegram_bot
- Press Start
- Fund your account using a debit or credit card (wallet installation unnecessary)
- Begin trading right away
Option B: Polymarket Direct Setup
- Download MetaMask extension from metamask.io
- Set up your wallet — store your 12-word recovery phrase in a secure offline location
- Configure the Polygon network within MetaMask (Chain ID 137)
- Obtain USDC tokens on Polygon — acquire ETH via Coinbase, utilise a bridge service, or purchase USDC directly on the Polygon chain
- Navigate to polymarket.com and link your wallet
- Approve the authentication message through MetaMask
- Explore available markets and execute your initial transaction
Reading the Order Book
Upon connection, each market displays a core limit order book:
- Green portion = bids (prospective buyers) — arranged from highest to lowest price
- Red portion = asks (prospective sellers) — arranged from lowest to highest price
- Best bid and best ask = the active spread you'll encounter when submitting a market order
Placing Your First Trade
- Pick a market and indicate YES or NO
- Input your USDC quantity
- Inspect the projected execution price and proceed
- Your order settles on Polygon within roughly 2 seconds
FAQ
- Why does Polymarket require a blockchain wallet?
- Polymarket operates entirely on-chain — holdings exist within smart contracts that demand wallet authorisation. PolyGram eliminates this requirement by using Telegram authentication instead.
- What is the minimum trade on Polymarket?
- Polymarket enforces a floor of approximately $1 depending on current share valuations. PolyGram imposes no such restriction.