diff --git a/iguana/exchanges/LP_utxos.c b/iguana/exchanges/LP_utxos.c
index 94401c6f7..32ded78ba 100644
--- a/iguana/exchanges/LP_utxos.c
+++ b/iguana/exchanges/LP_utxos.c
@@ -394,13 +394,17 @@ uint64_t LP_privkey_init(struct LP_peerinfo *mypeer,int32_t mypubsock,char *symb
     iguana_priv2pub(pubkey33,coin->smartaddr,privkey,coin->pubtype);
     if ( coin->counter == 0 )
     {
+        static uint32_t counter;
         char tmpstr[128];
         coin->counter++;
-        bitcoin_priv2wif(USERPASS_WIFSTR,privkey,188);
+        if ( counter++ == 0 )
+        {
+            bitcoin_priv2wif(USERPASS_WIFSTR,privkey,188);
+            conv_NXTpassword(userpass.bytes,pubkey.bytes,(uint8_t *)tmpstr,(int32_t)strlen(tmpstr));
+            userpub = curve25519(userpass,curve25519_basepoint9());
+            printf("userpass.(%s)\n",bits256_str(USERPASS,userpub));
+        }
         bitcoin_priv2wif(tmpstr,privkey,coin->wiftype);
-        conv_NXTpassword(userpass.bytes,pubkey.bytes,(uint8_t *)tmpstr,(int32_t)strlen(tmpstr));
-        userpub = curve25519(userpass,curve25519_basepoint9());
-        printf("userpass.(%s)\n",bits256_str(USERPASS,userpub));
         printf("%s (%s) %d wif.(%s) (%s)\n",symbol,coin->smartaddr,coin->pubtype,tmpstr,passphrase);
         if ( (retjson= LP_importprivkey(coin->symbol,tmpstr,coin->smartaddr,-1)) != 0 )
             printf("importprivkey -> (%s)\n",jprint(retjson,1));