diff --git a/src/actions/LocalStorageActions.js b/src/actions/LocalStorageActions.js
index ad959790..ce6d4f9f 100644
--- a/src/actions/LocalStorageActions.js
+++ b/src/actions/LocalStorageActions.js
@@ -58,6 +58,7 @@ const KEY_PENDING: string = `${STORAGE_PATH}pending`;
 const KEY_BETA_MODAL: string = '/betaModalPrivacy'; // this key needs to be compatible with "parent" (old) wallet
 const KEY_LANGUAGE: string = `${STORAGE_PATH}language`;
 const KEY_LOCAL_CURRENCY: string = `${STORAGE_PATH}localCurrency`;
+const KEY_HIDE_BALANCE: string = `${STORAGE_PATH}hideBalance`;
 
 // https://github.com/STRML/react-localstorage/blob/master/react-localstorage.js
 // or
@@ -282,6 +283,11 @@ const loadStorageData = (): ThunkAction => (dispatch: Dispatch): void => {
     if (localCurrency) {
         dispatch(WalletActions.setLocalCurrency(JSON.parse(localCurrency)));
     }
+
+    const hideBalance: ?boolean = storageUtils.get(TYPE, KEY_HIDE_BALANCE);
+    if (hideBalance) {
+        dispatch(WalletActions.setHideBalance(JSON.parse(hideBalance)));
+    }
 };
 
 export const loadData = (): ThunkAction => (dispatch: Dispatch, getState: GetState): void => {
@@ -303,6 +309,11 @@ export const setLanguage = (): ThunkAction => (dispatch: Dispatch, getState: Get
     storageUtils.set(TYPE, KEY_LANGUAGE, JSON.stringify(language));
 };
 
+export const setHideBalance = (): ThunkAction => (dispatch: Dispatch, getState: GetState): void => {
+    const { hideBalance } = getState().wallet;
+    storageUtils.set(TYPE, KEY_HIDE_BALANCE, JSON.stringify(hideBalance));
+};
+
 export const setLocalCurrency = (): ThunkAction => (
     dispatch: Dispatch,
     getState: GetState
diff --git a/src/actions/WalletActions.js b/src/actions/WalletActions.js
index 14045e29..ddbb9003 100644
--- a/src/actions/WalletActions.js
+++ b/src/actions/WalletActions.js
@@ -62,6 +62,9 @@ export type WalletAction =
     | {
           type: typeof WALLET.SET_LOCAL_CURRENCY,
           localCurrency: string,
+      }
+    | {
+          type: typeof WALLET.SET_HIDE_BALANCE,
       };
 
 export const init = (): ThunkAction => (dispatch: Dispatch): void => {
@@ -105,6 +108,11 @@ export const setLocalCurrency = (localCurrency: string): WalletAction => ({
     localCurrency: localCurrency.toLowerCase(),
 });
 
+export const setHideBalance = (toggled: boolean): WalletAction => ({
+    type: WALLET.SET_HIDE_BALANCE,
+    toggled,
+});
+
 // This method will be called after each DEVICE.CONNECT action
 // if connected device has different "passphrase_protection" settings than saved instances
 // all saved instances will be removed immediately inside DevicesReducer
diff --git a/src/actions/constants/wallet.js b/src/actions/constants/wallet.js
index 0ccff06d..fa3bf052 100644
--- a/src/actions/constants/wallet.js
+++ b/src/actions/constants/wallet.js
@@ -18,3 +18,4 @@ export const CLEAR_UNAVAILABLE_DEVICE_DATA: 'wallet__clear_unavailable_device_da
 export const TOGGLE_SIDEBAR: 'wallet__toggle_sidebar' = 'wallet__toggle_sidebar';
 export const SET_LANGUAGE: 'wallet__set_language' = 'wallet__set_language';
 export const SET_LOCAL_CURRENCY: 'wallet__set_local_currency' = 'wallet__set_local_currency';
+export const SET_HIDE_BALANCE: 'wallet__set_hide_balance' = 'wallet__set_hide_balance';
diff --git a/src/reducers/WalletReducer.js b/src/reducers/WalletReducer.js
index aa92c230..fab169a2 100644
--- a/src/reducers/WalletReducer.js
+++ b/src/reducers/WalletReducer.js
@@ -13,8 +13,9 @@ type State = {
     ready: boolean,
     online: boolean,
     language: string,
-    localCurrency: string,
     messages: { [string]: string },
+    localCurrency: string,
+    hideBalance: boolean,
     dropdownOpened: boolean,
     showBetaDisclaimer: boolean,
     showSidebar: ?boolean,
@@ -29,8 +30,9 @@ const initialState: State = {
     ready: false,
     online: navigator.onLine,
     language: 'en',
-    localCurrency: 'usd',
     messages: {},
+    localCurrency: 'usd',
+    hideBalance: false,
     dropdownOpened: false,
     firstLocationChange: true,
     showBetaDisclaimer: false,
@@ -137,6 +139,12 @@ export default function wallet(state: State = initialState, action: Action): Sta
                 localCurrency: action.localCurrency,
             };
 
+        case WALLET.SET_HIDE_BALANCE:
+            return {
+                ...state,
+                hideBalance: action.toggled,
+            };
+
         default:
             return state;
     }
diff --git a/src/services/LocalStorageService.js b/src/services/LocalStorageService.js
index 4f79cbe5..c5d9daf6 100644
--- a/src/services/LocalStorageService.js
+++ b/src/services/LocalStorageService.js
@@ -26,6 +26,10 @@ const LocalStorageService: Middleware = (api: MiddlewareAPI) => (next: Middlewar
             api.dispatch(LocalStorageActions.setLanguage());
             break;
 
+        case WALLET.SET_HIDE_BALANCE:
+            api.dispatch(LocalStorageActions.setHideBalance());
+            break;
+
         case WALLET.SET_LOCAL_CURRENCY:
             api.dispatch(LocalStorageActions.setLocalCurrency());
             break;