diff --git a/freqtrade/rpc/fiat_convert.py b/freqtrade/rpc/fiat_convert.py
index 380070deb..908f7adf0 100644
--- a/freqtrade/rpc/fiat_convert.py
+++ b/freqtrade/rpc/fiat_convert.py
@@ -4,10 +4,12 @@ e.g BTC to USD
 """
 
 import logging
-from typing import Dict
+import datetime
 
+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 = int
 
     def __new__(cls):
         """
@@ -47,8 +50,13 @@ 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
         except (Exception) as exception:
             logger.error(
                 f"Could not load FIAT Cryptocurrency map for the following problem: {exception}")
@@ -127,6 +135,9 @@ class CryptoToFiatConverter:
         if crypto_symbol == fiat_symbol:
             return 1.0
 
+        if self._cryptomap == {} and self._backoff <= datetime.datetime.now().timestamp():
+            self._load_cryptomap()
+
         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)