diff --git a/freqtrade/commands/build_config_commands.py b/freqtrade/commands/build_config_commands.py
index 3c34ff162..0dee480b3 100644
--- a/freqtrade/commands/build_config_commands.py
+++ b/freqtrade/commands/build_config_commands.py
@@ -1,4 +1,5 @@
 import logging
+import secrets
 from pathlib import Path
 from typing import Any, Dict, List
 
@@ -138,6 +139,32 @@ def ask_user_config() -> Dict[str, Any]:
             "message": "Insert Telegram chat id",
             "when": lambda x: x['telegram']
         },
+        {
+            "type": "confirm",
+            "name": "api_server",
+            "message": "Do you want to enable the Rest API (includes FreqUI)?",
+            "default": False,
+        },
+        {
+            "type": "text",
+            "name": "api_server_listen_addr",
+            "message": "Insert Api server Listen Address (best left untouched default!)",
+            "default": "127.0.0.1",
+            "when": lambda x: x['api_server']
+        },
+        {
+            "type": "text",
+            "name": "api_server_username",
+            "message": "Insert api-server username",
+            "default": "freqtrader",
+            "when": lambda x: x['api_server']
+        },
+        {
+            "type": "text",
+            "name": "api_server_password",
+            "message": "Insert api-server password",
+            "when": lambda x: x['api_server']
+        },
     ]
     answers = prompt(questions)
 
@@ -145,6 +172,9 @@ def ask_user_config() -> Dict[str, Any]:
         # Interrupted questionary sessions return an empty dict.
         raise OperationalException("User interrupted interactive questions.")
 
+    # Force JWT token to be a random string
+    answers['api_server_jwt_key'] = secrets.token_hex()
+
     return answers
 
 
diff --git a/freqtrade/templates/base_config.json.j2 b/freqtrade/templates/base_config.json.j2
index 226bf1a81..42f088f9f 100644
--- a/freqtrade/templates/base_config.json.j2
+++ b/freqtrade/templates/base_config.json.j2
@@ -54,15 +54,15 @@
         "chat_id": "{{ telegram_chat_id }}"
     },
     "api_server": {
-        "enabled": false,
-        "listen_ip_address": "127.0.0.1",
+        "enabled": {{ api_server | lower }},
+        "listen_ip_address": "{{ api_server_listen_addr | default("127.0.0.1", true) }}",
         "listen_port": 8080,
         "verbosity": "error",
         "enable_openapi": false,
-        "jwt_secret_key": "somethingrandom",
+        "jwt_secret_key": "{{ api_server_jwt_key }}",
         "CORS_origins": [],
-        "username": "",
-        "password": ""
+        "username": "{{ api_server_username }}",
+        "password": "{{ api_server_password }}"
     },
     "bot_name": "freqtrade",
     "initial_state": "running",
diff --git a/tests/commands/test_build_config.py b/tests/commands/test_build_config.py
index 291720f4b..66c750e79 100644
--- a/tests/commands/test_build_config.py
+++ b/tests/commands/test_build_config.py
@@ -50,6 +50,10 @@ def test_start_new_config(mocker, caplog, exchange):
         'telegram': False,
         'telegram_token': 'asdf1244',
         'telegram_chat_id': '1144444',
+        'api_server': False,
+        'api_server_listen_addr': '127.0.0.1',
+        'api_server_username': 'freqtrader',
+        'api_server_password': 'MoneyMachine',
     }
     mocker.patch('freqtrade.commands.build_config_commands.ask_user_config',
                  return_value=sample_selections)