diff --git a/web/cashtab/src/hooks/useWallet.js b/web/cashtab/src/hooks/useWallet.js
--- a/web/cashtab/src/hooks/useWallet.js
+++ b/web/cashtab/src/hooks/useWallet.js
@@ -16,6 +16,7 @@
     getHashArrayFromWallet,
     parseChronikTx,
     checkWalletForTokenInfo,
+    isActiveWebsocket,
 } from 'utils/cashMethods';
 import { isValidCashtabSettings, isValidContactList } from 'utils/validation';
 import localforage from 'localforage';
@@ -1216,7 +1217,9 @@
 
     // Parse for incoming XEC transactions
     // hasUpdated is set to true in the useAsyncTimeout function, and re-sets to false during activateWallet
+    // Do not show this notification if websocket connection is live; in this case the websocket will handle it
     if (
+        !isActiveWebsocket(chronikWebsocket) &&
         previousBalances &&
         balances &&
         'totalBalance' in previousBalances &&
@@ -1235,7 +1238,9 @@
     }
 
     // Parse for incoming eToken transactions
+    // Do not show this notification if websocket connection is live; in this case the websocket will handle it
     if (
+        !isActiveWebsocket(chronikWebsocket) &&
         tokens &&
         tokens[0] &&
         tokens[0].balance &&
diff --git a/web/cashtab/src/utils/__mocks__/chronikWs.js b/web/cashtab/src/utils/__mocks__/chronikWs.js
--- a/web/cashtab/src/utils/__mocks__/chronikWs.js
+++ b/web/cashtab/src/utils/__mocks__/chronikWs.js
@@ -207,3 +207,56 @@
     timeFirstSeen: '1652823534',
     network: 'XEC',
 };
+
+export const activeWebsocketAlpha = {
+    autoReconnect: true,
+    _manuallyClosed: false,
+    _subs: [
+        {
+            scriptType: 'p2pkh',
+            scriptPayload: '1fb76a7db96fc774cbad00e8a72890602b4be304',
+        },
+        {
+            scriptType: 'p2pkh',
+            scriptPayload: 'a9f494266e4b3c823712f27dedcb83e30b2fe59f',
+        },
+        {
+            scriptType: 'p2pkh',
+            scriptPayload: '95e79f51d4260bc0dc3ba7fb77c7be92d0fbdd1d',
+        },
+    ],
+    _wsUrl: 'wss://chronik.be.cash/xec/ws',
+    _ws: { readyState: 1 },
+    _connected: {},
+};
+
+export const disconnectedWebsocketAlpha = {
+    autoReconnect: true,
+    _manuallyClosed: false,
+    _subs: [
+        {
+            scriptType: 'p2pkh',
+            scriptPayload: '1fb76a7db96fc774cbad00e8a72890602b4be304',
+        },
+        {
+            scriptType: 'p2pkh',
+            scriptPayload: 'a9f494266e4b3c823712f27dedcb83e30b2fe59f',
+        },
+        {
+            scriptType: 'p2pkh',
+            scriptPayload: '95e79f51d4260bc0dc3ba7fb77c7be92d0fbdd1d',
+        },
+    ],
+    _wsUrl: 'wss://chronik.be.cash/xec/ws',
+    _ws: { readyState: 3 },
+    _connected: {},
+};
+
+export const unsubscribedWebsocket = {
+    autoReconnect: true,
+    _manuallyClosed: false,
+    _subs: [],
+    _wsUrl: 'wss://chronik.be.cash/xec/ws',
+    _ws: { readyState: 1 },
+    _connected: {},
+};
diff --git a/web/cashtab/src/utils/__tests__/cashMethods.test.js b/web/cashtab/src/utils/__tests__/cashMethods.test.js
--- a/web/cashtab/src/utils/__tests__/cashMethods.test.js
+++ b/web/cashtab/src/utils/__tests__/cashMethods.test.js
@@ -27,6 +27,7 @@
     getHashArrayFromWallet,
     parseChronikTx,
     checkWalletForTokenInfo,
+    isActiveWebsocket,
 } from 'utils/cashMethods';
 import { currency } from 'components/Common/Ticker';
 import {
@@ -167,6 +168,9 @@
     lambdaOutgoingXecTx,
     lambdaIncomingEtokenTx,
     lambdaOutgoingEtokenTx,
+    activeWebsocketAlpha,
+    disconnectedWebsocketAlpha,
+    unsubscribedWebsocket,
 } from '../__mocks__/chronikWs';
 
 describe('Correctly executes cash utility functions', () => {
@@ -975,4 +979,16 @@
             ),
         ).toBe(false);
     });
+    it(`isActiveWebsocket returns true for an active chronik websocket connection`, () => {
+        expect(isActiveWebsocket(activeWebsocketAlpha)).toBe(true);
+    });
+    it(`isActiveWebsocket returns false for a disconnected chronik websocket connection`, () => {
+        expect(isActiveWebsocket(disconnectedWebsocketAlpha)).toBe(false);
+    });
+    it(`isActiveWebsocket returns false for a null chronik websocket connection`, () => {
+        expect(isActiveWebsocket(null)).toBe(false);
+    });
+    it(`isActiveWebsocket returns false for an active websocket connection with no subscriptions`, () => {
+        expect(isActiveWebsocket(unsubscribedWebsocket)).toBe(false);
+    });
 });
diff --git a/web/cashtab/src/utils/cashMethods.js b/web/cashtab/src/utils/cashMethods.js
--- a/web/cashtab/src/utils/cashMethods.js
+++ b/web/cashtab/src/utils/cashMethods.js
@@ -1112,3 +1112,17 @@
 
     return false;
 };
+
+export const isActiveWebsocket = ws => {
+    // Return true if websocket is connected and subscribed
+    // Otherwise return false
+    return (
+        ws !== null &&
+        ws &&
+        '_ws' in ws &&
+        'readyState' in ws._ws &&
+        ws._ws.readyState === 1 &&
+        '_subs' in ws &&
+        ws._subs.length > 0
+    );
+};