diff --git a/freqtrade/rpc/telegram.py b/freqtrade/rpc/telegram.py
index 70d5a78f3..afea04f99 100644
--- a/freqtrade/rpc/telegram.py
+++ b/freqtrade/rpc/telegram.py
@@ -398,7 +398,10 @@ def _balance(bot: Bot, update: Update) -> None:
         if coin == 'BTC':
             currency["Rate"] = 1.0
         else:
-            currency["Rate"] = exchange.get_ticker('BTC_' + coin, False)['bid']
+            if coin == 'USDT':
+                currency["Rate"] = 1.0 / exchange.get_ticker('USDT_BTC', False)['bid']
+            else:
+                currency["Rate"] = exchange.get_ticker('BTC_' + coin, False)['bid']
         currency['BTC'] = currency["Rate"] * currency["Balance"]
         total = total + currency['BTC']
         output += """*Currency*: {Currency}
diff --git a/freqtrade/tests/conftest.py b/freqtrade/tests/conftest.py
index 70249fd7d..f9d14c170 100644
--- a/freqtrade/tests/conftest.py
+++ b/freqtrade/tests/conftest.py
@@ -71,6 +71,15 @@ def ticker():
     })
 
 
+@pytest.fixture
+def ticker_usdt():
+    return MagicMock(return_value={
+        'bid': 10000.00,
+        'ask': 10000.00,
+        'last': 10000.00,
+    })
+
+
 @pytest.fixture
 def ticker_sell_up():
     return MagicMock(return_value={
diff --git a/freqtrade/tests/rpc/test_rpc_telegram.py b/freqtrade/tests/rpc/test_rpc_telegram.py
index 986f3f8f0..f71e7bc21 100644
--- a/freqtrade/tests/rpc/test_rpc_telegram.py
+++ b/freqtrade/tests/rpc/test_rpc_telegram.py
@@ -604,7 +604,7 @@ def test_stop_handle_already_stopped(default_conf, update, mocker):
     assert 'already stopped' in msg_mock.call_args_list[0][0][0]
 
 
-def test_balance_handle(default_conf, update, mocker):
+def test_balance_handle(default_conf, update, ticker_usdt, mocker):
     mock_balance = [{
         'Currency': 'BTC',
         'Balance': 10.0,
@@ -617,6 +617,12 @@ def test_balance_handle(default_conf, update, mocker):
         'Available': 0.0,
         'Pending': 0.0,
         'CryptoAddress': 'XXXX',
+    }, {
+        'Currency': 'USDT',
+        'Balance': 10000.0,
+        'Available': 0.0,
+        'Pending': 0.0,
+        'CryptoAddress': 'XXXX',
     }]
     mocker.patch.dict('freqtrade.main._CONF', default_conf)
     msg_mock = MagicMock()
@@ -625,16 +631,21 @@ def test_balance_handle(default_conf, update, mocker):
                           init=MagicMock(),
                           send_msg=msg_mock)
     mocker.patch.multiple('freqtrade.main.exchange',
-                          get_balances=MagicMock(return_value=mock_balance))
+                          get_balances=MagicMock(return_value=mock_balance),
+                          get_ticker=ticker_usdt)
     mocker.patch.multiple('freqtrade.fiat_convert.Pymarketcap',
                           ticker=MagicMock(return_value={'price_usd': 15000.0}),
                           _cache_symbols=MagicMock(return_value={'BTC': 1}))
 
     _balance(bot=MagicMock(), update=update)
+    result = msg_mock.call_args_list[0][0][0]
     assert msg_mock.call_count == 1
-    assert '*Currency*: BTC' in msg_mock.call_args_list[0][0][0]
-    assert 'Balance' in msg_mock.call_args_list[0][0][0]
-    assert 'Est. BTC' in msg_mock.call_args_list[0][0][0]
+    assert '*Currency*: BTC' in result
+    assert '*Currency*: ETH' not in result
+    assert '*Currency*: USDT' in result
+    assert 'Balance' in result
+    assert 'Est. BTC' in result
+    assert '*BTC*:  11.00000000' in result
 
 
 def test_help_handle(default_conf, update, mocker):