diff --git a/electrum/gui/qml/components/Channels.qml b/electrum/gui/qml/components/Channels.qml
index 794fd7c2f..a240bb445 100644
--- a/electrum/gui/qml/components/Channels.qml
+++ b/electrum/gui/qml/components/Channels.qml
@@ -125,7 +125,8 @@ Pane {
                 Layout.fillWidth: true
                 Layout.preferredWidth: 1
                 text: qsTr('Swap');
-                enabled: Daemon.currentWallet.lightningCanSend.satsInt > 0 || Daemon.currentWallet.lightningCanReceive.satInt > 0
+                enabled: Daemon.currentWallet.lightningCanSend.satsInt > 0 ||
+                    (Daemon.currentWallet.lightningCanReceive.satsInt > 0 && Daemon.currentWallet.confirmedBalance.satsInt > 0)
                 icon.source: Qt.resolvedUrl('../../icons/update.png')
                 onClicked: app.startSwap()
             }