diff --git a/public/views/walletHome.html b/public/views/walletHome.html
index 5aa184a59..a6948e125 100644
--- a/public/views/walletHome.html
+++ b/public/views/walletHome.html
@@ -465,6 +465,10 @@
             <div class="rect5"></div>
           </div>
         </div>
+        <p ng-show="index.showWaitingSign" translate class="size-12 text-gray">
+          Initial transaction history synchronization can take some minutes for wallets with many transactions.</br>
+          Please stand by.
+        </p>
       </div>
       <div ng-if="!index.isCordova && index.txHistory[0] && !index.updatingTxHistory" class="m20t text-center">
         <input id="export_file" type="file" nwsaveas="Copay-{{index.alias || index.walletName}}.csv" accept=".csv" style="display:none">
diff --git a/src/js/controllers/index.js b/src/js/controllers/index.js
index 470a3ef85..f00b34a3e 100644
--- a/src/js/controllers/index.js
+++ b/src/js/controllers/index.js
@@ -762,6 +762,8 @@ angular.module('copayApp.controllers').controller('indexController', function($r
         $log.warn(ex);
       }
 
+      if (!localTxs) self.showWaitingSign = true;
+
       return cb(null, self.removeSoftConfirmedTx(localTxs));
     });
   }
@@ -831,6 +833,7 @@ angular.module('copayApp.controllers').controller('indexController', function($r
       self.updateLocalTxHistory(function(err) {
         if (err) self.txHistoryError = true;
         self.updatingTxHistory = false;
+        self.showWaitingSign = false;
         $rootScope.$apply();
       });
     });