diff --git a/ui/components/ui/token-input/token-input.component.js b/ui/components/ui/token-input/token-input.component.js
index 3b8d2eefb..6de1191dc 100644
--- a/ui/components/ui/token-input/token-input.component.js
+++ b/ui/components/ui/token-input/token-input.component.js
@@ -11,6 +11,7 @@ import {
 
 import { ETH } from '../../../helpers/constants/common';
 import { addHexPrefix } from '../../../../app/scripts/lib/util';
+import { isEqualCaseInsensitive } from '../../../../shared/modules/string-utils';
 
 /**
  * Component that allows user to enter token values as a number, and props receive a converted
@@ -34,6 +35,7 @@ export default class TokenInput extends PureComponent {
       symbol: PropTypes.string,
     }).isRequired,
     tokenExchangeRates: PropTypes.object,
+    tokens: PropTypes.array.isRequired,
   };
 
   constructor(props) {
@@ -108,10 +110,15 @@ export default class TokenInput extends PureComponent {
       currentCurrency,
       hideConversion,
       token,
+      tokens,
     } = this.props;
     const { decimalValue } = this.state;
 
-    const tokenExchangeRate = tokenExchangeRates?.[token.address] || 0;
+    const existingToken = tokens.find(({ address }) =>
+      isEqualCaseInsensitive(address, token.address),
+    );
+
+    const tokenExchangeRate = tokenExchangeRates?.[existingToken.address] || 0;
     let currency, numberOfDecimals;
 
     if (hideConversion) {
diff --git a/ui/components/ui/token-input/token-input.component.test.js b/ui/components/ui/token-input/token-input.component.test.js
index ac8d55fe8..a7245c54e 100644
--- a/ui/components/ui/token-input/token-input.component.test.js
+++ b/ui/components/ui/token-input/token-input.component.test.js
@@ -28,6 +28,15 @@ describe('TokenInput Component', () => {
               decimals: 4,
               symbol: 'ABC',
             }}
+            tokens={[
+              {
+                address: '0x1',
+                decimals: 4,
+                symbol: 'ABC',
+                image: null,
+                isERC721: false,
+              },
+            ]}
           />
         </Provider>,
         {
@@ -66,6 +75,15 @@ describe('TokenInput Component', () => {
               decimals: 4,
               symbol: 'ABC',
             }}
+            tokens={[
+              {
+                address: '0x1',
+                decimals: 4,
+                symbol: 'ABC',
+                image: null,
+                isERC721: false,
+              },
+            ]}
             tokenExchangeRates={{ '0x1': 2 }}
           />
         </Provider>,
@@ -101,6 +119,15 @@ describe('TokenInput Component', () => {
               decimals: 4,
               symbol: 'ABC',
             }}
+            tokens={[
+              {
+                address: '0x1',
+                decimals: 4,
+                symbol: 'ABC',
+                image: null,
+                isERC721: false,
+              },
+            ]}
             tokenExchangeRates={{ '0x1': 2 }}
           />
         </Provider>,
@@ -138,6 +165,15 @@ describe('TokenInput Component', () => {
               decimals: 4,
               symbol: 'ABC',
             }}
+            tokens={[
+              {
+                address: '0x1',
+                decimals: 4,
+                symbol: 'ABC',
+                image: null,
+                isERC721: false,
+              },
+            ]}
             tokenExchangeRates={{ '0x1': 2 }}
             showFiat
             currentCurrency="usd"
@@ -177,6 +213,15 @@ describe('TokenInput Component', () => {
               decimals: 4,
               symbol: 'ABC',
             }}
+            tokens={[
+              {
+                address: '0x1',
+                decimals: 4,
+                symbol: 'ABC',
+                image: null,
+                isERC721: false,
+              },
+            ]}
             tokenExchangeRates={{ '0x1': 2 }}
             showFiat
             hideConversion
@@ -229,6 +274,15 @@ describe('TokenInput Component', () => {
               decimals: 4,
               symbol: 'ABC',
             }}
+            tokens={[
+              {
+                address: '0x1',
+                decimals: 4,
+                symbol: 'ABC',
+                image: null,
+                isERC721: false,
+              },
+            ]}
             tokenExchangeRates={{ '0x1': 2 }}
           />
         </Provider>,
@@ -273,6 +327,15 @@ describe('TokenInput Component', () => {
               decimals: 4,
               symbol: 'ABC',
             }}
+            tokens={[
+              {
+                address: '0x1',
+                decimals: 4,
+                symbol: 'ABC',
+                image: null,
+                isERC721: false,
+              },
+            ]}
             tokenExchangeRates={{ '0x1': 2 }}
             showFiat
             currentCurrency="usd"
@@ -319,6 +382,15 @@ describe('TokenInput Component', () => {
               decimals: 4,
               symbol: 'ABC',
             }}
+            tokens={[
+              {
+                address: '0x1',
+                decimals: 4,
+                symbol: 'ABC',
+                image: null,
+                isERC721: false,
+              },
+            ]}
             tokenExchangeRates={{ '0x1': 2 }}
             showFiat
           />
@@ -365,6 +437,15 @@ describe('TokenInput Component', () => {
               decimals: 4,
               symbol: 'ABC',
             }}
+            tokens={[
+              {
+                address: '0x1',
+                decimals: 4,
+                symbol: 'ABC',
+                image: null,
+                isERC721: false,
+              },
+            ]}
             tokenExchangeRates={{ '0x1': 2 }}
             showFiat
             currentCurrency="usd"
@@ -404,6 +485,15 @@ describe('TokenInput Component', () => {
               decimals: 4,
               symbol: 'ABC',
             }}
+            tokens={[
+              {
+                address: '0x1',
+                decimals: 4,
+                symbol: 'ABC',
+                image: null,
+                isERC721: false,
+              },
+            ]}
             tokenExchangeRates={{ '0x1': 2 }}
             showFiat
             currentCurrency="usd"
diff --git a/ui/components/ui/token-input/token-input.container.js b/ui/components/ui/token-input/token-input.container.js
index 9f964feec..98082a3db 100644
--- a/ui/components/ui/token-input/token-input.container.js
+++ b/ui/components/ui/token-input/token-input.container.js
@@ -5,13 +5,14 @@ import TokenInput from './token-input.component';
 
 const mapStateToProps = (state) => {
   const {
-    metamask: { currentCurrency },
+    metamask: { currentCurrency, tokens },
   } = state;
 
   return {
     currentCurrency,
     tokenExchangeRates: getTokenExchangeRates(state),
     hideConversion: !getShouldShowFiat(state),
+    tokens,
   };
 };