diff --git a/app/_locales/en/messages.json b/app/_locales/en/messages.json
index 887ab9e42..e1d91e249 100644
--- a/app/_locales/en/messages.json
+++ b/app/_locales/en/messages.json
@@ -1210,6 +1210,9 @@
   "ipfsGatewayDescription": {
     "message": "Enter the URL of the IPFS CID gateway to use for ENS content resolution."
   },
+  "jsDeliver": {
+    "message": "jsDeliver"
+  },
   "jsonFile": {
     "message": "JSON File",
     "description": "format for importing an account"
@@ -1620,6 +1623,14 @@
     "message": "\"$1\" will close this tab and direct back to $2",
     "description": "Return the user to the site that initiated onboarding"
   },
+  "onboardingShowIncomingTransactionsDescription": {
+    "message": "Showing incoming transactions in your wallet relies on communication with $1. Etherscan will have access to your Ethereum address and your IP address. View $2.",
+    "description": "$1 is a clickable link with text defined by the 'etherscan' key. $2 is a clickable link with text defined by the 'privacyMsg' key."
+  },
+  "onboardingUsePhishingDetectionDescription": {
+    "message": "Phishing detection alerts rely on communication with $1. jsDeliver will have access to your IP address. View $2.",
+    "description": "The $1 is the word 'jsDeliver', from key 'jsDeliver' and $2 is the words Privacy Policy from key 'privacyMsg', both separated here so that it can be wrapped as a link"
+  },
   "onlyAddTrustedNetworks": {
     "message": "A malicious network provider can lie about the state of the blockchain and record your network activity. Only add custom networks you trust."
   },
@@ -2020,6 +2031,12 @@
   "separateEachWord": {
     "message": "Separate each word with a single space"
   },
+  "setAdvancedPrivacySettings": {
+    "message": "Set advanced privacy settings"
+  },
+  "setAdvancedPrivacySettingsDetails": {
+    "message": "MetaMask uses these trusted third-party services to enhance product usability and safety."
+  },
   "settings": {
     "message": "Settings"
   },
@@ -2718,6 +2735,9 @@
   "tryAgain": {
     "message": "Try again"
   },
+  "turnOnTokenDetection": {
+    "message": "Turn on Token Detection"
+  },
   "typePassword": {
     "message": "Type your MetaMask password"
   },
diff --git a/ui/pages/onboarding-flow/index.scss b/ui/pages/onboarding-flow/index.scss
index 8d5a5cd0c..afcf7b2fa 100644
--- a/ui/pages/onboarding-flow/index.scss
+++ b/ui/pages/onboarding-flow/index.scss
@@ -2,6 +2,7 @@
 @import 'new-account/index';
 @import 'onboarding-app-header/index';
 @import 'secure-your-wallet/index';
+@import 'privacy-settings/index';
 
 .onboarding-flow {
   width: 100%;
diff --git a/ui/pages/onboarding-flow/onboarding-flow.js b/ui/pages/onboarding-flow/onboarding-flow.js
index 82c1b00e6..c00af0977 100644
--- a/ui/pages/onboarding-flow/onboarding-flow.js
+++ b/ui/pages/onboarding-flow/onboarding-flow.js
@@ -9,6 +9,7 @@ import {
   ONBOARDING_UNLOCK_ROUTE,
   DEFAULT_ROUTE,
   ONBOARDING_SECURE_YOUR_WALLET_ROUTE,
+  ONBOARDING_PRIVACY_SETTINGS_ROUTE,
 } from '../../helpers/constants/routes';
 import {
   getCompletedOnboarding,
@@ -26,6 +27,7 @@ import NewAccount from './new-account/new-account';
 import ReviewRecoveryPhrase from './recovery-phrase/review-recovery-phrase';
 import SecureYourWallet from './secure-your-wallet/secure-your-wallet';
 import ConfirmRecoveryPhrase from './recovery-phrase/confirm-recovery-phrase';
+import PrivacySettings from './privacy-settings/privacy-settings';
 
 export default function OnboardingFlow() {
   const [seedPhrase, setSeedPhrase] = useState('');
@@ -41,7 +43,7 @@ export default function OnboardingFlow() {
     // For ONBOARDING_V2 dev purposes,
     // Remove when ONBOARDING_V2 dev complete
     if (process.env.ONBOARDING_V2) {
-      history.push(ONBOARDING_SECURE_YOUR_WALLET_ROUTE);
+      history.push(ONBOARDING_PRIVACY_SETTINGS_ROUTE);
       return;
     }
 
@@ -108,6 +110,10 @@ export default function OnboardingFlow() {
               <Unlock {...routeProps} onSubmit={handleUnlock} />
             )}
           />
+          <Route
+            path={ONBOARDING_PRIVACY_SETTINGS_ROUTE}
+            component={PrivacySettings}
+          />
           <Route exact path="*" component={OnboardingFlowSwitch} />
         </Switch>
       </div>
diff --git a/ui/pages/onboarding-flow/privacy-settings/index.scss b/ui/pages/onboarding-flow/privacy-settings/index.scss
new file mode 100644
index 000000000..e5a6d059b
--- /dev/null
+++ b/ui/pages/onboarding-flow/privacy-settings/index.scss
@@ -0,0 +1,50 @@
+.privacy-settings {
+  display: flex;
+  flex-direction: column;
+  justify-content: center;
+  align-items: center;
+
+  &__header {
+    display: flex;
+    justify-content: center;
+    flex-direction: column;
+    text-align: center;
+    max-width: 500px;
+    margin: 24px;
+  }
+
+  &__settings {
+    display: flex;
+    justify-content: center;
+    flex-direction: column;
+    text-align: center;
+    max-width: 620px;
+    margin-bottom: 20px;
+
+    a {
+      color: $Blue-500;
+
+      &:hover {
+        cursor: pointer;
+        color: $Blue-300;
+      }
+    }
+  }
+
+  &__setting {
+    display: flex;
+    justify-content: center;
+    flex-direction: column;
+    text-align: left;
+    max-width: 430px;
+
+    &__toggle {
+      margin-left: 42px;
+    }
+  }
+
+  & button {
+    max-width: 50%;
+    padding: 15px;
+  }
+}
diff --git a/ui/pages/onboarding-flow/privacy-settings/privacy-settings.js b/ui/pages/onboarding-flow/privacy-settings/privacy-settings.js
new file mode 100644
index 000000000..e372e1130
--- /dev/null
+++ b/ui/pages/onboarding-flow/privacy-settings/privacy-settings.js
@@ -0,0 +1,113 @@
+import React, { useState } from 'react';
+import { useHistory } from 'react-router-dom';
+import { useDispatch } from 'react-redux';
+
+import Button from '../../../components/ui/button';
+import Typography from '../../../components/ui/typography';
+import {
+  FONT_WEIGHT,
+  TYPOGRAPHY,
+} from '../../../helpers/constants/design-system';
+import { useI18nContext } from '../../../hooks/useI18nContext';
+import {
+  setFeatureFlag,
+  setUsePhishDetect,
+  setUseTokenDetection,
+} from '../../../store/actions';
+import { ONBOARDING_PIN_EXTENSION_ROUTE } from '../../../helpers/constants/routes';
+import { Setting } from './setting';
+
+export default function PrivacySettings() {
+  const t = useI18nContext();
+  const dispatch = useDispatch();
+  const history = useHistory();
+  const [usePhishingDetection, setUsePhishingDetection] = useState(true);
+  const [turnOnTokenDetection, setTurnOnTokenDetection] = useState(true);
+  const [showIncomingTransactions, setShowIncomingTransactions] = useState(
+    true,
+  );
+
+  const handleSubmit = () => {
+    dispatch(
+      setFeatureFlag('showIncomingTransactions', showIncomingTransactions),
+    );
+    dispatch(setUsePhishDetect(usePhishingDetection));
+    dispatch(setUseTokenDetection(turnOnTokenDetection));
+    history.push(ONBOARDING_PIN_EXTENSION_ROUTE);
+  };
+
+  return (
+    <>
+      <div className="privacy-settings">
+        <div className="privacy-settings__header">
+          <Typography variant={TYPOGRAPHY.H2} fontWeight={FONT_WEIGHT.BOLD}>
+            {t('setAdvancedPrivacySettings')}
+          </Typography>
+          <Typography variant={TYPOGRAPHY.H4}>
+            {t('setAdvancedPrivacySettingsDetails')}
+          </Typography>
+        </div>
+        <div
+          className="privacy-settings__settings"
+          data-testid="privacy-settings-settings"
+        >
+          <Setting
+            value={showIncomingTransactions}
+            setValue={setShowIncomingTransactions}
+            title={t('showIncomingTransactions')}
+            description={t('onboardingShowIncomingTransactionsDescription', [
+              <a
+                key="etherscan"
+                href="https://etherscan.io/"
+                target="_blank"
+                rel="noreferrer"
+              >
+                {t('etherscan')}
+              </a>,
+              <a
+                href="https://cn.etherscan.com/privacyPolicy"
+                target="_blank"
+                rel="noreferrer"
+                key="privacyMsg"
+              >
+                {t('privacyMsg')}
+              </a>,
+            ])}
+          />
+          <Setting
+            value={usePhishingDetection}
+            setValue={setUsePhishingDetection}
+            title={t('usePhishingDetection')}
+            description={t('onboardingUsePhishingDetectionDescription', [
+              <a
+                href="https://www.jsdelivr.com"
+                target="_blank"
+                rel="noreferrer"
+                key="jsDeliver"
+              >
+                {t('jsDeliver')}
+              </a>,
+              <a
+                href="https://www.jsdelivr.com/terms/privacy-policy-jsdelivr-com"
+                target="_blank"
+                rel="noreferrer"
+                key="privacyMsg"
+              >
+                {t('privacyMsg')}
+              </a>,
+            ])}
+          />
+          <Setting
+            value={turnOnTokenDetection}
+            setValue={setTurnOnTokenDetection}
+            title={t('turnOnTokenDetection')}
+            description={t('useTokenDetectionDescription')}
+          />
+        </div>
+        <Button type="primary" rounded onClick={handleSubmit}>
+          {t('done')}
+        </Button>
+      </div>
+    </>
+  );
+}
diff --git a/ui/pages/onboarding-flow/privacy-settings/privacy-settings.stories.js b/ui/pages/onboarding-flow/privacy-settings/privacy-settings.stories.js
new file mode 100644
index 000000000..c0f775439
--- /dev/null
+++ b/ui/pages/onboarding-flow/privacy-settings/privacy-settings.stories.js
@@ -0,0 +1,15 @@
+import React from 'react';
+import PrivacySettings from './privacy-settings';
+
+export default {
+  title: 'Onboarding - Privacy Settings',
+  id: __filename,
+};
+
+export const Base = () => {
+  return (
+    <div style={{ maxHeight: '2000px' }}>
+      <PrivacySettings />
+    </div>
+  );
+};
diff --git a/ui/pages/onboarding-flow/privacy-settings/privacy-settings.test.js b/ui/pages/onboarding-flow/privacy-settings/privacy-settings.test.js
new file mode 100644
index 000000000..51c9df987
--- /dev/null
+++ b/ui/pages/onboarding-flow/privacy-settings/privacy-settings.test.js
@@ -0,0 +1,66 @@
+import React from 'react';
+import { fireEvent } from '@testing-library/react';
+import configureMockStore from 'redux-mock-store';
+import thunk from 'redux-thunk';
+import * as actions from '../../../store/actions';
+import { renderWithProvider } from '../../../../test/jest';
+import PrivacySettings from './privacy-settings';
+
+describe('Privacy Settings Onboarding View', () => {
+  const mockStore = {
+    metamask: {
+      provider: {
+        type: 'test',
+      },
+    },
+  };
+
+  const store = configureMockStore([thunk])(mockStore);
+  const setFeatureFlagStub = jest.fn();
+  const setUsePhishDetectStub = jest.fn();
+  const setUseTokenDetectionStub = jest.fn();
+
+  actions._setBackgroundConnection({
+    setFeatureFlag: setFeatureFlagStub,
+    setUsePhishDetect: setUsePhishDetectStub,
+    setUseTokenDetection: setUseTokenDetectionStub,
+  });
+
+  it('should update preferences', () => {
+    const { container, getByText } = renderWithProvider(
+      <PrivacySettings />,
+      store,
+    );
+    // All settings are initialized toggled to true
+    expect(setFeatureFlagStub).toHaveBeenCalledTimes(0);
+    expect(setUsePhishDetectStub).toHaveBeenCalledTimes(0);
+    expect(setUseTokenDetectionStub).toHaveBeenCalledTimes(0);
+    const toggles = container.querySelectorAll('input[type=checkbox]');
+    const submitButton = getByText('Done');
+
+    // toggle to false
+    fireEvent.click(toggles[0]);
+    fireEvent.click(toggles[1]);
+    fireEvent.click(toggles[2]);
+    fireEvent.click(submitButton);
+
+    expect(setFeatureFlagStub).toHaveBeenCalledTimes(1);
+    expect(setUsePhishDetectStub).toHaveBeenCalledTimes(1);
+    expect(setUseTokenDetectionStub).toHaveBeenCalledTimes(1);
+    expect(setFeatureFlagStub.mock.calls[0][1]).toStrictEqual(false);
+    expect(setUsePhishDetectStub.mock.calls[0][0]).toStrictEqual(false);
+    expect(setUseTokenDetectionStub.mock.calls[0][0]).toStrictEqual(false);
+
+    // toggle back to true
+    fireEvent.click(toggles[0]);
+    fireEvent.click(toggles[1]);
+    fireEvent.click(toggles[2]);
+    fireEvent.click(submitButton);
+    expect(setFeatureFlagStub).toHaveBeenCalledTimes(2);
+    expect(setUsePhishDetectStub).toHaveBeenCalledTimes(2);
+    expect(setUseTokenDetectionStub).toHaveBeenCalledTimes(2);
+    expect(setFeatureFlagStub.mock.calls[1][1]).toStrictEqual(true);
+    expect(setUsePhishDetectStub.mock.calls[1][0]).toStrictEqual(true);
+    expect(setUseTokenDetectionStub.mock.calls[1][0]).toStrictEqual(true);
+  });
+});
diff --git a/ui/pages/onboarding-flow/privacy-settings/setting.js b/ui/pages/onboarding-flow/privacy-settings/setting.js
new file mode 100644
index 000000000..82ba1275c
--- /dev/null
+++ b/ui/pages/onboarding-flow/privacy-settings/setting.js
@@ -0,0 +1,33 @@
+import React from 'react';
+import PropTypes from 'prop-types';
+import Box from '../../../components/ui/box';
+import Typography from '../../../components/ui/typography';
+import ToggleButton from '../../../components/ui/toggle-button';
+import {
+  JUSTIFY_CONTENT,
+  TYPOGRAPHY,
+  FONT_WEIGHT,
+} from '../../../helpers/constants/design-system';
+
+export const Setting = ({ value, setValue, title, description }) => {
+  return (
+    <Box justifyContent={JUSTIFY_CONTENT.CENTER} margin={3}>
+      <div className="privacy-settings__setting">
+        <Typography variant={TYPOGRAPHY.H5} fontWeight={FONT_WEIGHT.BOLD}>
+          {title}
+        </Typography>
+        <Typography variant={TYPOGRAPHY.H6}>{description}</Typography>
+      </div>
+      <div className="privacy-settings__setting__toggle">
+        <ToggleButton value={value} onToggle={(val) => setValue(!val)} />
+      </div>
+    </Box>
+  );
+};
+
+Setting.propTypes = {
+  value: PropTypes.bool,
+  setValue: PropTypes.func,
+  title: PropTypes.string,
+  description: PropTypes.string,
+};