diff --git a/common/src/main/java/haveno/common/config/Config.java b/common/src/main/java/haveno/common/config/Config.java
index 92359c76..897a795a 100644
--- a/common/src/main/java/haveno/common/config/Config.java
+++ b/common/src/main/java/haveno/common/config/Config.java
@@ -117,6 +117,7 @@ public class Config {
     public static final String BTC_FEE_INFO = "bitcoinFeeInfo";
     public static final String BYPASS_MEMPOOL_VALIDATION = "bypassMempoolValidation";
     public static final String PASSWORD_REQUIRED = "passwordRequired";
+    public static final String UPDATE_XMR_BINARIES = "updateXmrBinaries";
 
     // Default values for certain options
     public static final int UNSPECIFIED_PORT = -1;
@@ -204,6 +205,7 @@ public class Config {
     public final boolean republishMailboxEntries;
     public final boolean bypassMempoolValidation;
     public final boolean passwordRequired;
+    public final boolean updateXmrBinaries;
 
     // Properties derived from options but not exposed as options themselves
     public final File torDir;
@@ -621,6 +623,13 @@ public class Config {
                         .ofType(boolean.class)
                         .defaultsTo(false);
 
+        ArgumentAcceptingOptionSpec<Boolean> updateXmrBinariesOpt =
+                parser.accepts(UPDATE_XMR_BINARIES,
+                        "Update Monero binaries if applicable")
+                        .withRequiredArg()
+                        .ofType(boolean.class)
+                        .defaultsTo(true);
+
         try {
             CompositeOptionSet options = new CompositeOptionSet();
 
@@ -733,6 +742,7 @@ public class Config {
             this.republishMailboxEntries = options.valueOf(republishMailboxEntriesOpt);
             this.bypassMempoolValidation = options.valueOf(bypassMempoolValidationOpt);
             this.passwordRequired = options.valueOf(passwordRequiredOpt);
+            this.updateXmrBinaries = options.valueOf(updateXmrBinariesOpt);
         } catch (OptionException ex) {
             throw new ConfigException("problem parsing option '%s': %s",
                     ex.options().get(0),
diff --git a/core/src/main/java/haveno/core/app/HavenoSetup.java b/core/src/main/java/haveno/core/app/HavenoSetup.java
index a291da50..eee13f3e 100644
--- a/core/src/main/java/haveno/core/app/HavenoSetup.java
+++ b/core/src/main/java/haveno/core/app/HavenoSetup.java
@@ -369,7 +369,7 @@ public class HavenoSetup {
             // install monerod
             File monerodFile = new File(XmrLocalNode.MONEROD_PATH);
             String monerodResourcePath = "bin/" + XmrLocalNode.MONEROD_NAME;
-            if (!monerodFile.exists() || !FileUtil.resourceEqualToFile(monerodResourcePath, monerodFile)) {
+            if (!monerodFile.exists() || (config.updateXmrBinaries && !FileUtil.resourceEqualToFile(monerodResourcePath, monerodFile))) {
                 log.info("Installing monerod");
                 monerodFile.getParentFile().mkdirs();
                 FileUtil.resourceToFile("bin/" + XmrLocalNode.MONEROD_NAME, monerodFile);
@@ -379,7 +379,7 @@ public class HavenoSetup {
             // install monero-wallet-rpc
             File moneroWalletRpcFile = new File(XmrWalletService.MONERO_WALLET_RPC_PATH);
             String moneroWalletRpcResourcePath = "bin/" + XmrWalletService.MONERO_WALLET_RPC_NAME;
-            if (!moneroWalletRpcFile.exists() || !FileUtil.resourceEqualToFile(moneroWalletRpcResourcePath, moneroWalletRpcFile)) {
+            if (!moneroWalletRpcFile.exists() || (config.updateXmrBinaries && !FileUtil.resourceEqualToFile(moneroWalletRpcResourcePath, moneroWalletRpcFile))) {
                 log.info("Installing monero-wallet-rpc");
                 moneroWalletRpcFile.getParentFile().mkdirs();
                 FileUtil.resourceToFile(moneroWalletRpcResourcePath, moneroWalletRpcFile);