diff --git a/CHANGELOG.md b/CHANGELOG.md
index c93498f79..797244a9a 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -10,7 +10,7 @@ at anytime.
 ## [Unreleased]
 ### Added
   * Added claim_address option to publish API command
-  *
+  * Added message for InsufficientFundsError exception
 
 ### Changed
   * Do not catch base exception in API command resolve
diff --git a/lbrynet/lbrynet_daemon/Daemon.py b/lbrynet/lbrynet_daemon/Daemon.py
index de7332a87..044fea5c8 100644
--- a/lbrynet/lbrynet_daemon/Daemon.py
+++ b/lbrynet/lbrynet_daemon/Daemon.py
@@ -1757,7 +1757,8 @@ class Daemon(AuthJSONRPCServer):
             raise Exception("Invalid bid")
 
         if bid >= self.session.wallet.get_balance():
-            raise InsufficientFundsError()
+            raise InsufficientFundsError('Insufficient funds. ' \
+                                         'Make sure you have enough LBC to deposit')
 
         metadata = metadata or {}
         if fee is not None: