Circ_0082878 has been found to be strongly expressed in prostate cancer (PCa). However, its roles and potential mechanism in PCa have not been investigated. This study aims to clarify it. RNase R digestion method was adopted for verifying the circular structure of circ_0082878. RT‐qPCR assay is aimed to detect the expressions of circ_0082878, miR‐455‐3p and WTAP in PCa tissues and cells. For identifying cell proliferation, migration and invasion abilities, CCK‐8 and transwell assay were used. To show the correlation between miR‐455‐3p and WTAP or circ_0082878, the luciferase reporter gene, RNA RIP and RNA pull‐down experiments were employed. We employed western blot to detect protein level of WTAP. In addition, the impact of circ_0082878 on PCa cells in vivo was also studied. It was found that circ_0082878 and WTAP were highly expressed in PCa tissues and cells, whereas miR‐455‐3p was lowly expressed. Inhibition of circ_0082878 restrained the growth of PCa in vitro and in vivo. Regarding mechanism, miR‐455‐3p was the target of circ_0082878, and WTAP was the target of miR‐455‐3p. Circ_0082878 could downregulate the level of miR‐455‐3p, and inhibiting of miR‐455‐3p expression could partially eliminate the inhibitory impact of low expression of circ_0082878 on the proliferation and migration of PCa cells. Additionally, over‐expression of miR‐455‐3p resulted in the reduced level of WTAP, and WTAP over‐expression counteracted the tumor suppressive impact of miR‐455‐3p in PCa cells. Moreover, the obtained findings indicated that circ_0082878 may exert tumor‐promoting activity in PCa via sponging miR‐455‐3p and then upregulating WTAP. This indicates that the circ_0082878/miR‐455‐3p/WTAP axis can probably become the possible therapeutic target for PCa.