diff --git a/freqtrade/rpc/fiat_convert.py b/freqtrade/rpc/fiat_convert.py
index 380070deb..5ae20afa1 100644
--- a/freqtrade/rpc/fiat_convert.py
+++ b/freqtrade/rpc/fiat_convert.py
@@ -3,11 +3,13 @@ Module that define classes to convert Crypto-currency to FIAT
 e.g BTC to USD
 """
 
+import datetime
 import logging
 from typing import Dict
 
 from cachetools.ttl import TTLCache
 from pycoingecko import CoinGeckoAPI
+from requests.exceptions import RequestException
 
 from freqtrade.constants import SUPPORTED_FIAT
 
@@ -25,6 +27,7 @@ class CryptoToFiatConverter:
     _coingekko: CoinGeckoAPI = None
 
     _cryptomap: Dict = {}
+    _backoff: float = 0.0
 
     def __new__(cls):
         """
@@ -47,8 +50,21 @@ class CryptoToFiatConverter:
     def _load_cryptomap(self) -> None:
         try:
             coinlistings = self._coingekko.get_coins_list()
-            # Create mapping table from synbol to coingekko_id
+            # Create mapping table from symbol to coingekko_id
             self._cryptomap = {x['symbol']: x['id'] for x in coinlistings}
+        except RequestException as request_exception:
+            if "429" in str(request_exception):
+                logger.warning(
+                    "Too many requests for Coingecko API, backing off and trying again later.")
+                # Set backoff timestamp to 60 seconds in the future
+                self._backoff = datetime.datetime.now().timestamp() + 60
+                return
+            # If the request is not a 429 error we want to raise the normal error
+            logger.error(
+                "Could not load FIAT Cryptocurrency map for the following problem: {}".format(
+                  request_exception
+                )
+            )
         except (Exception) as exception:
             logger.error(
                 f"Could not load FIAT Cryptocurrency map for the following problem: {exception}")
@@ -127,6 +143,15 @@ class CryptoToFiatConverter:
         if crypto_symbol == fiat_symbol:
             return 1.0
 
+        if self._cryptomap == {}:
+            if self._backoff <= datetime.datetime.now().timestamp():
+                self._load_cryptomap()
+                # return 0.0 if we still dont have data to check, no reason to proceed
+                if self._cryptomap == {}:
+                    return 0.0
+            else:
+                return 0.0
+
         if crypto_symbol not in self._cryptomap:
             # return 0 for unsupported stake currencies (fiat-convert should not break the bot)
             logger.warning("unsupported crypto-symbol %s - returning 0.0", crypto_symbol)
diff --git a/tests/rpc/test_fiat_convert.py b/tests/rpc/test_fiat_convert.py
index 2d43addff..5174f9416 100644
--- a/tests/rpc/test_fiat_convert.py
+++ b/tests/rpc/test_fiat_convert.py
@@ -1,6 +1,7 @@
 # pragma pylint: disable=missing-docstring, too-many-arguments, too-many-ancestors,
 # pragma pylint: disable=protected-access, C0103
 
+import datetime
 from unittest.mock import MagicMock
 
 import pytest
@@ -21,6 +22,12 @@ def test_fiat_convert_is_supported(mocker):
 def test_fiat_convert_find_price(mocker):
     fiat_convert = CryptoToFiatConverter()
 
+    fiat_convert._cryptomap = {}
+    fiat_convert._backoff = 0
+    mocker.patch('freqtrade.rpc.fiat_convert.CryptoToFiatConverter._load_cryptomap',
+                 return_value=None)
+    assert fiat_convert.get_price(crypto_symbol='BTC', fiat_symbol='EUR') == 0.0
+
     with pytest.raises(ValueError, match=r'The fiat ABC is not supported.'):
         fiat_convert._find_price(crypto_symbol='BTC', fiat_symbol='ABC')
 
@@ -115,6 +122,28 @@ def test_fiat_convert_without_network(mocker):
     CryptoToFiatConverter._coingekko = cmc_temp
 
 
+def test_fiat_too_many_requests_response(mocker, caplog):
+    # Because CryptoToFiatConverter is a Singleton we reset the listings
+    req_exception = "429 Too Many Requests"
+    listmock = MagicMock(return_value="{}", side_effect=RequestException(req_exception))
+    mocker.patch.multiple(
+        'freqtrade.rpc.fiat_convert.CoinGeckoAPI',
+        get_coins_list=listmock,
+    )
+    # with pytest.raises(RequestEsxception):
+    fiat_convert = CryptoToFiatConverter()
+    fiat_convert._cryptomap = {}
+    fiat_convert._load_cryptomap()
+
+    length_cryptomap = len(fiat_convert._cryptomap)
+    assert length_cryptomap == 0
+    assert fiat_convert._backoff > datetime.datetime.now().timestamp()
+    assert log_has(
+              'Too many requests for Coingecko API, backing off and trying again later.',
+              caplog
+            )
+
+
 def test_fiat_invalid_response(mocker, caplog):
     # Because CryptoToFiatConverter is a Singleton we reset the listings
     listmock = MagicMock(return_value="{'novalidjson':DEADBEEFf}")