diff --git a/lbrynet/conf.py b/lbrynet/conf.py
index 7a2293744..8e2bf401c 100644
--- a/lbrynet/conf.py
+++ b/lbrynet/conf.py
@@ -370,19 +370,19 @@ class BaseConfig:
 
 class CLIConfig(BaseConfig):
 
-    # Changing this value is not-advised as it could potentially
-    # expose the lbrynet daemon to the outside world which would
-    # give an attacker access to your wallet and you could lose
-    # all of your credits.
-    api_host = String(
-        'Host name for lbrynet daemon API.', 'localhost',
-        previous_names=['API_INTERFACE']
-    )
-    api_port = Integer('Port for lbrynet daemon API.', 5279)
+    api = String('Host name and port for lbrynet daemon API.', 'localhost:5279')
 
     @property
     def api_connection_url(self) -> str:
-        return f"http://{self.api_host}:{self.api_port}/lbryapi"
+        return f"http://{self.api}/lbryapi"
+
+    @property
+    def api_host(self):
+        return self.api.split(':')[0]
+
+    @property
+    def api_port(self):
+        return int(self.api.split(':')[1])
 
 
 class Config(CLIConfig):
diff --git a/lbrynet/extras/daemon/Daemon.py b/lbrynet/extras/daemon/Daemon.py
index 1cbd6b2e3..28309076b 100644
--- a/lbrynet/extras/daemon/Daemon.py
+++ b/lbrynet/extras/daemon/Daemon.py
@@ -472,8 +472,8 @@ class Daemon(metaclass=JSONRPCServerType):
             await self.setup()
             await self.analytics_manager.send_server_startup_success()
         except OSError:
-            log.error('lbrynet API failed to bind TCP %s:%i for listening. Daemon is already running or this port is '
-                      'already in use by another application.', self.conf.api_host, self.conf.api_port)
+            log.error('lbrynet API failed to bind TCP %s for listening. Daemon is already running or this port is '
+                      'already in use by another application.', self.conf.api)
         except defer.CancelledError:
             log.info("shutting down before finished starting")
         except Exception as err:
diff --git a/tests/integration/cli/test_cli.py b/tests/integration/cli/test_cli.py
index dc30fb7a2..b85f9151b 100644
--- a/tests/integration/cli/test_cli.py
+++ b/tests/integration/cli/test_cli.py
@@ -39,7 +39,7 @@ class CLIIntegrationTest(AsyncioTestCase):
         conf = Config()
         conf.data_dir = '/tmp'
         conf.share_usage_data = False
-        conf.api_port = 5299
+        conf.api = 'localhost:5299'
         conf.components_to_skip = skip
         Daemon.component_attributes = {}
         self.daemon = Daemon(conf)
@@ -51,6 +51,6 @@ class CLIIntegrationTest(AsyncioTestCase):
     def test_cli_status_command_with_auth(self):
         actual_output = StringIO()
         with contextlib.redirect_stdout(actual_output):
-            cli.main(["--api-port", "5299", "status"])
+            cli.main(["--api", "localhost:5299", "status"])
         actual_output = actual_output.getvalue()
         self.assertIn("connection_status", actual_output)