Polymarket
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  • 👋About
  • Getting Started
    • 🔥Overview
    • 🤝Connecting
      • Email (Magic Link)
      • MetaMask
    • 💸Depositing USDC
      • From an exchange
        • ⭐️ Crypto.com
        • Coinbase
        • Other exchanges
      • From a wallet
        • Polygon deposits
        • Ethereum deposits
      • From a debit/credit card
    • 📈Building a portfolio
    • 🔎Monitoring positions
    • 🤑Selling & redeeming shares
    • 🛫Withdrawing USDC
      • ⭐Changehero.io withdrawals
      • ⭐Crypto.com withdrawals
      • Polygon withdrawals
      • Hop withdrawals
      • Peer-to-peer withdrawals
  • Knowledge Center
  • 💬FAQ
    • General
    • Connecting to Polymarket
    • Deposits & Withdrawals
    • Liquidity
    • Markets
    • Portfolio & Shares
    • Resolution
    • Security
  • 👩‍🎓Microgrants
  • 📚Glossary
  • 🔮Polymarket + UMA
  • 📚Order Books
  • 🌊Liquidity Mining & Trading Rewards
  • Additional Resources
    • GitHub
    • Discord
    • Medium
    • Polymarket Whales
    • Team
  • Legal
    • Privacy Policy
    • Terms of Service
  • Archived
    • Issues with the Graph
    • Polymarket 5000 USDC Instagram Giveaway Terms and Conditions
    • Polymarket Playoffs Ticket Giveaway Terms and Conditions
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  1. FAQ

Connecting to Polymarket

What is a proxy wallet?

TLDR: Proxy wallets allow you to make transactions without owning $MATIC and approving every market, saving you time and money.

A typical trade requires gas to approve and then initiate the transaction. If Polymarket did not use proxy wallets, you would need to own $MATIC to approve a market (30-60 seconds) and then initiate the transaction (20-40 seconds).

Proxywallets enable you to submit transactions through a relayer that will pay the gas, removing the need to approve every single market and pay for gas yourself.

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Last updated 3 years ago

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