diff --git a/src/wallet/scriptpubkeyman.h b/src/wallet/scriptpubkeyman.h
--- a/src/wallet/scriptpubkeyman.h
+++ b/src/wallet/scriptpubkeyman.h
@@ -186,6 +186,8 @@
     /** Upgrades the wallet to the specified version */
     virtual bool Upgrade(int prev_version, std::string &error) { return false; }
 
+    virtual bool HavePrivateKeys() const { return false; }
+
     virtual int64_t GetOldestKeyPoolTime() { return GetTime(); }
 
     virtual size_t KeypoolCountExternalKeys() { return 0; }
@@ -312,6 +314,8 @@
 
     bool Upgrade(int prev_version, std::string &error) override;
 
+    bool HavePrivateKeys() const override;
+
     int64_t GetOldestKeyPoolTime() override;
     size_t KeypoolCountExternalKeys() override
         EXCLUSIVE_LOCKS_REQUIRED(cs_wallet);
diff --git a/src/wallet/scriptpubkeyman.cpp b/src/wallet/scriptpubkeyman.cpp
--- a/src/wallet/scriptpubkeyman.cpp
+++ b/src/wallet/scriptpubkeyman.cpp
@@ -350,6 +350,11 @@
     return true;
 }
 
+bool LegacyScriptPubKeyMan::HavePrivateKeys() const {
+    LOCK(cs_KeyStore);
+    return !mapKeys.empty() || !mapCryptedKeys.empty();
+}
+
 static int64_t GetOldestKeyTimeInPool(const std::set<int64_t> &setKeyPool,
                                       WalletBatch &batch) {
     if (setKeyPool.empty()) {
diff --git a/src/wallet/wallet.cpp b/src/wallet/wallet.cpp
--- a/src/wallet/wallet.cpp
+++ b/src/wallet/wallet.cpp
@@ -4085,14 +4085,14 @@
         return nullptr;
     } else if (walletInstance->IsWalletFlagSet(
                    WALLET_FLAG_DISABLE_PRIVATE_KEYS)) {
-        LOCK(walletInstance->cs_KeyStore);
-        if (!walletInstance->mapKeys.empty() ||
-            !walletInstance->mapCryptedKeys.empty()) {
-            warnings.push_back(
-                strprintf(_("Warning: Private keys detected in wallet {%s} "
-                            "with disabled private keys")
-                              .translated,
-                          walletFile));
+        if (walletInstance->m_spk_man) {
+            if (walletInstance->m_spk_man->HavePrivateKeys()) {
+                warnings.push_back(
+                    strprintf(_("Warning: Private keys detected in wallet {%s} "
+                                "with disabled private keys")
+                                  .translated,
+                              walletFile));
+            }
         }
     }