diff --git a/lbrynet/conf.py b/lbrynet/conf.py
index 10d486b95..801fe3998 100644
--- a/lbrynet/conf.py
+++ b/lbrynet/conf.py
@@ -567,6 +567,10 @@ class Config:
             os.makedirs(self['data_dir'])
         return self['data_dir']
 
+    def ensure_wallet_dir(self):
+        if not os.path.isdir(self['lbryum_wallet_dir']):
+            os.makedirs(self['lbryum_wallet_dir'])
+
     def get_log_filename(self):
         """
         Return the log file for this platform.
diff --git a/lbrynet/daemon/Components.py b/lbrynet/daemon/Components.py
index d3de4e528..9028a55a4 100644
--- a/lbrynet/daemon/Components.py
+++ b/lbrynet/daemon/Components.py
@@ -290,6 +290,7 @@ class HeadersComponent(Component):
 
     @defer.inlineCallbacks
     def start(self):
+        conf.settings.ensure_wallet_dir()
         if not os.path.exists(self.headers_dir):
             os.mkdir(self.headers_dir)
         if os.path.exists(self.old_file):
@@ -336,6 +337,7 @@ class WalletComponent(Component):
 
     @defer.inlineCallbacks
     def start(self):
+        conf.settings.ensure_wallet_dir()
         log.info("Starting torba wallet")
         storage = self.component_manager.get_component(DATABASE_COMPONENT)
         lbryschema.BLOCKCHAIN_NAME = conf.settings['blockchain_name']