diff --git a/src/mainwindow.cpp b/src/mainwindow.cpp
index 4878f1c..729711b 100644
--- a/src/mainwindow.cpp
+++ b/src/mainwindow.cpp
@@ -660,10 +660,18 @@ void MainWindow::onWalletOpened() {
 
 void MainWindow::onBalanceUpdated(double balance, double unlocked, const QString &balance_str, const QString &unlocked_str) {
     qDebug() << Q_FUNC_INFO;
+    bool hide = config()->get(Config::hideBalance).toBool();
+
     auto label_str = QString("Balance: %1 XMR").arg(unlocked_str);
     if(balance > unlocked)
         label_str += QString(" (+%1 XMR unconfirmed)").arg(QString::number(balance - unlocked, 'f'));
+
+    if (hide) {
+        label_str = "Balance: HIDDEN";
+    }
+
     m_statusLabelBalance->setText(label_str);
+    m_balanceWidget->setHidden(hide);
 }
 
 void MainWindow::onSynchronized() {
diff --git a/src/settings.cpp b/src/settings.cpp
index 1b61554..19c8b77 100644
--- a/src/settings.cpp
+++ b/src/settings.cpp
@@ -22,6 +22,11 @@ Settings::Settings(QWidget *parent) :
     connect(ui->btnCopyToClipboard, &QPushButton::clicked, this, &Settings::copyToClipboard);
     connect(ui->checkBox_checkForAppUpdates, &QCheckBox::clicked, this, &Settings::checkboxExternalLinkWarn);
     connect(ui->checkBox_externalLink, &QCheckBox::clicked, this, &Settings::checkboxExternalLinkWarn);
+    connect(ui->checkBox_hideBalance, &QCheckBox::toggled, [this](bool toggled){
+        config()->set(Config::hideBalance, toggled);
+        m_ctx->updateBalance();
+    });
+
     connect(ui->closeButton, &QDialogButtonBox::accepted, this, &Settings::close);
 
     // nodes
@@ -32,6 +37,7 @@ Settings::Settings(QWidget *parent) :
     // setup checkboxes
     ui->checkBox_externalLink->setChecked(config()->get(Config::warnOnExternalLink).toBool());
     ui->checkBox_checkForAppUpdates->setChecked(config()->get(Config::checkForAppUpdates).toBool());
+    ui->checkBox_hideBalance->setChecked(config()->get(Config::hideBalance).toBool());
 
     // setup comboboxes
     auto settingsHomeWidget = config()->get(Config::homeWidget).toString();
diff --git a/src/settings.ui b/src/settings.ui
index e4c7d02..8efdc80 100644
--- a/src/settings.ui
+++ b/src/settings.ui
@@ -7,7 +7,7 @@
     <x>0</x>
     <y>0</y>
     <width>1019</width>
-    <height>358</height>
+    <height>396</height>
    </rect>
   </property>
   <property name="windowTitle">
@@ -196,6 +196,13 @@
          </property>
         </widget>
        </item>
+       <item row="6" column="0">
+        <widget class="QCheckBox" name="checkBox_hideBalance">
+         <property name="text">
+          <string>Hide balance</string>
+         </property>
+        </widget>
+       </item>
       </layout>
      </widget>
      <widget class="QWidget" name="tab_node">
diff --git a/src/utils/config.cpp b/src/utils/config.cpp
index b3939a2..a98bb2b 100644
--- a/src/utils/config.cpp
+++ b/src/utils/config.cpp
@@ -47,6 +47,7 @@ static const QHash<Config::ConfigKey, ConfigDirective> configStrings = {
         {Config::geometry, {QS("geometry"), {}}},
         {Config::windowState, {QS("windowState"), {}}},
         {Config::firstRun,{QS("firstRun"), false}},
+        {Config::hideBalance, {QS("hideBalance"), false}}
 };
 
 
diff --git a/src/utils/config.h b/src/utils/config.h
index 7aaa4ec..759ee30 100644
--- a/src/utils/config.h
+++ b/src/utils/config.h
@@ -44,7 +44,8 @@ public:
         showTabXMRig,
         geometry,
         windowState,
-        firstRun
+        firstRun,
+        hideBalance
     };
 
     ~Config() override;