diff --git a/freqtrade/rpc/fiat_convert.py b/freqtrade/rpc/fiat_convert.py
index 53440eb15..4e404ed8d 100644
--- a/freqtrade/rpc/fiat_convert.py
+++ b/freqtrade/rpc/fiat_convert.py
@@ -10,7 +10,7 @@ from typing import Any, Dict, List
 from cachetools import TTLCache
 from requests.exceptions import RequestException
 
-from freqtrade.constants import SUPPORTED_FIAT
+from freqtrade.constants import SUPPORTED_FIAT, Config
 from freqtrade.mixins.logging_mixin import LoggingMixin
 from freqtrade.util.CoinGecko import FtCoinGeckoApi
 
@@ -40,7 +40,7 @@ class CryptoToFiatConverter(LoggingMixin):
     """
 
     __instance = None
-    _coingecko: FtCoinGeckoApi = None
+
     _coinlistings: List[Dict] = []
     _backoff: float = 0.0
 
@@ -50,18 +50,18 @@ class CryptoToFiatConverter(LoggingMixin):
         """
         if not cls.__instance:
             cls.__instance = super().__new__(cls)
-            try:
-                # Limit retires to 1 (0 and 1)
-                # otherwise we risk bot impact if coingecko is down.
-                cls._coingecko = FtCoinGeckoApi(retries=1)
-            except BaseException:
-                cls._coingecko = None
         return cls.__instance
 
-    def __init__(self) -> None:
+    def __init__(self, config: Config) -> None:
         # Timeout: 6h
         self._pair_price: TTLCache = TTLCache(maxsize=500, ttl=6 * 60 * 60)
+        coingecko_config = config.get("coingecko", {})
 
+        self._coingecko = FtCoinGeckoApi(
+            api_key=coingecko_config.get("api_key", ""),
+            is_demo=coingecko_config.get("is_demo", True),
+            retries=1,
+        )
         LoggingMixin.__init__(self, logger, 3600)
         self._load_cryptomap()
 
diff --git a/freqtrade/rpc/rpc.py b/freqtrade/rpc/rpc.py
index fd75da917..4cafa12ad 100644
--- a/freqtrade/rpc/rpc.py
+++ b/freqtrade/rpc/rpc.py
@@ -107,7 +107,7 @@ class RPC:
         self._freqtrade = freqtrade
         self._config: Config = freqtrade.config
         if self._config.get("fiat_display_currency"):
-            self._fiat_converter = CryptoToFiatConverter()
+            self._fiat_converter = CryptoToFiatConverter(self._config)
 
     @staticmethod
     def _rpc_show_config(