diff --git a/gui/qt/installwizard.py b/gui/qt/installwizard.py
index 46f954ae1..d444a4fb6 100644
--- a/gui/qt/installwizard.py
+++ b/gui/qt/installwizard.py
@@ -443,7 +443,8 @@ class InstallWizard(QDialog):
                 elif Wallet.is_address(text):
                     wallet = Wallet.from_address(text, self.storage)
                 elif Wallet.is_private_key(text):
-                    wallet = Wallet.from_private_key(text, self.storage)
+                    password = self.password_dialog()
+                    wallet = Wallet.from_private_key(text, password, self.storage)
                 elif Wallet.is_seed(text):
                     password = self.password_dialog()
                     wallet = Wallet.from_seed(text, self.storage)
diff --git a/lib/wallet.py b/lib/wallet.py
index 198eae53c..e65b4a7dc 100644
--- a/lib/wallet.py
+++ b/lib/wallet.py
@@ -1728,10 +1728,11 @@ class Wallet(object):
         return w
 
     @classmethod
-    def from_private_key(self, text, storage):
+    def from_private_key(self, text, password, storage):
         w = Imported_Wallet(storage)
+        w.update_password(None, password)
         for x in text.split():
-            w.import_key(x, None)
+            w.import_key(x, password)
         return w
 
     @classmethod