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
@@ -18,7 +18,11 @@
     checkWalletForTokenInfo,
     isActiveWebsocket,
 } from 'utils/cashMethods';
-import { isValidCashtabSettings, isValidContactList } from 'utils/validation';
+import {
+    isValidCashtabSettings,
+    isValidContactList,
+    parseInvalidSettingsForMigration,
+} from 'utils/validation';
 import localforage from 'localforage';
 import { currency } from 'components/Common/Ticker';
 import isEmpty from 'lodash.isempty';
@@ -1127,9 +1131,12 @@
             setCashtabSettings(localSettings);
             return localSettings;
         }
-        // if not valid, also set cashtabSettings to default
-        setCashtabSettings(currency.defaultSettings);
-        return currency.defaultSettings;
+        // If a settings object is present but invalid, parse to find and add missing keys
+        let modifiedLocalSettings =
+            parseInvalidSettingsForMigration(localSettings);
+        localforage.setItem('settings', modifiedLocalSettings);
+        setCashtabSettings(modifiedLocalSettings);
+        return modifiedLocalSettings;
     };
 
     const loadContactList = async () => {
diff --git a/web/cashtab/src/utils/validation.js b/web/cashtab/src/utils/validation.js
--- a/web/cashtab/src/utils/validation.js
+++ b/web/cashtab/src/utils/validation.js
@@ -140,6 +140,21 @@
     }
 };
 
+export const parseInvalidSettingsForMigration = invalidCashtabSettings => {
+    // get settings from local storage
+    let migratedCashtabSettings = invalidCashtabSettings;
+    // determine if settings are invalid because it is missing a parameter
+    for (let param in currency.defaultSettings) {
+        if (
+            !Object.prototype.hasOwnProperty.call(invalidCashtabSettings, param)
+        ) {
+            // adds the default setting for only that parameter
+            migratedCashtabSettings[param] = currency.defaultSettings[param];
+        }
+    }
+    return migratedCashtabSettings;
+};
+
 export const isValidContactList = contactList => {
     /* 
     A valid contact list is an array of objects