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How to Bet on Kalshi with Stablecoins: Complete Walkthrough

Learn how to trade on Kalshi using USDC stablecoins. This step-by-step guide covers deposits, trading, withdrawals, and everything needed to start on a CFTC-regulated market.

,   and  Alex
3 min read
How to Trade on Kalshi with Stablecoins

Table of Contents

Stablecoin Insider is not associated with Kalshi, and for further instructions please visit Kalshi.com

Kalshi, one of the only CFTC-regulated event markets in the U.S., recently added support for stablecoin deposits, making it easier for crypto users to access regulated prediction markets.

This guide walks you through every step, from account setup to funding with USDC to placing your first trade on Kalshi.

Whether you're transitioning from crypto-native platforms or just looking for the simplest deposit method, this walkthrough has you covered.

Key Takeaways

  • Kalshi now supports USDC stablecoin deposits, typically via the Ethereum (ERC-20) network.
  • Deposits made in USDC are automatically converted to USD, which is what you trade with.
  • As a regulated exchange, Kalshi requires identity verification before trading.
  • You can withdraw your balance back to USDC at any time.
  • The trading process is simple: browse markets → choose Yes/No → select quantity → place trade.

How to Bet on Kalshi with Stablecoins

1. Create and Verify Your Kalshi Account

  1. Go to kalshi.com.
  2. Click Create Account.
  3. Complete KYC: name, address, DOB, SSN.
  4. Set up 2FA for security.

Because Kalshi is regulated like a financial derivatives exchange, identity verification is mandatory.

2. Navigate to the Deposit Section

  1. Log in to Kalshi.
  2. Go to Wallet / Balance.
  3. Click Deposit.
  4. Choose Crypto / USDC (stablecoin) if shown.

Kalshi periodically expands crypto deposit support, but USDC is their standard stablecoin option.

3. Select USDC (Stablecoin) and Copy the Address

You will be shown:

  • A deposit address
  • A supported network (usually Ethereum ERC-20)
⚠️ Important: Only send USDC on the exact chain Kalshi specifies. Mismatched networks can result in lost funds.

4. Send USDC to Your Kalshi Wallet

You can send USDC from:

  • Coinbase
  • Kraken
  • MetaMask
  • Ledger / hardware wallets
  • Any wallet that supports ERC-20 USDC

Steps:

  1. Open your wallet → choose Send.
  2. Select USDC.
  3. Paste the Kalshi deposit address.
  4. Select the correct network.
  5. Confirm the transaction.
⏱ Typical deposit time: 5–20 minutes.

5. Confirm the Deposit on Kalshi

Your deposit will appear as:

  • Pending, then
  • Completed, showing a balance in USD

Kalshi uses stablecoins only as a funding mechanism, not a tradable asset, so all account balances are converted to dollars.

6. Start Trading: Buy YES and NO Contracts

You can now trade in any market:

  • Economic indicators
  • Inflation
  • Elections
  • Fed decisions
  • Financial/market outcomes
  • Weather & other event contracts

To trade:

  1. Click a market.
  2. Choose Buy Yes or Buy No.
  3. Enter your contract amount (each = $1).
  4. Place the order.

You can trade manually or via limit orders.

7. Withdraw Back to USDC (Optional)

When you want your funds back:

  1. Go to Wallet → Withdraw.
  2. Choose Crypto / USDC.
  3. Enter your wallet address.
  4. Confirm withdrawal.

Funds generally arrive within minutes to an hour.

Conclusion

Kalshi’s stablecoin support bridges traditional regulated finance with the crypto world, giving traders a safe, fast, and flexible way to participate in real-money event markets.

Once funded with USDC, trading is intuitive - simply choose YES or NO on real-world outcomes and manage your positions like on any derivatives exchange.

Stablecoin support makes Kalshi far more accessible for crypto users who want U.S.-regulated markets with fast settlement and reliable compliance.

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FAQ: Trading on Kalshi with Stablecoins

1. Does Kalshi allow stablecoin deposits?

Yes. Kalshi supports USDC as a funding method. It is typically accepted on the Ethereum ERC-20 network.

2. Can I keep my balance in USDC on Kalshi?

No. Deposits are converted to USD automatically, since Kalshi accounts operate in dollars.

3. Can I withdraw my funds back to USDC?

Yes, you can withdraw in USDC to any compatible crypto wallet.

4. Are there fees for using stablecoins?

Kalshi generally does not charge extra fees for crypto deposits or withdrawals, but:

  • Network gas fees still apply depending on the chain.

Yes. Kalshi is fully regulated by the CFTC (Commodity Futures Trading Commission), making it one of the few legal event markets for U.S. residents.

6. What stablecoins does Kalshi support?

Currently:

  • USDC (primary stablecoin)
    Future additions may occur, but USDC is the standard.

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