diff --git a/gui/qt/__init__.py b/gui/qt/__init__.py
index 23af9fa8..12f77218 100644
--- a/gui/qt/__init__.py
+++ b/gui/qt/__init__.py
@@ -154,18 +154,13 @@ class ElectrumGui:
                 w.bring_to_top()
                 break
         else:
-            wallet = self.daemon.get_wallet(path)
+            wallet = self.daemon.load_wallet(path, None)
             if not wallet:
                 storage = WalletStorage(path)
-                if not storage.file_exists() or storage.is_encrypted():
-                    wizard = InstallWizard(self.config, self.app, self.plugins, storage)
-                    wallet = wizard.run_and_get_wallet()
-                    if not wallet:
-                        return
-                else:
-                    wallet = Wallet(storage)
-                wallet.start_threads(self.daemon.network)
-                self.daemon.add_wallet(wallet)
+                wizard = InstallWizard(self.config, self.app, self.plugins, storage)
+                wallet = wizard.run_and_get_wallet()
+                if not wallet:
+                    return
             w = self.create_window_for_wallet(wallet)
         if uri:
             w.pay_to_URI(uri)
diff --git a/lib/daemon.py b/lib/daemon.py
index c2f9c2f6..aaeca2e8 100644
--- a/lib/daemon.py
+++ b/lib/daemon.py
@@ -153,7 +153,7 @@ class Daemon(DaemonThread):
             response = "Daemon already running"
         elif sub == 'load_wallet':
             path = config.get_wallet_path()
-            self.load_wallet(path, lambda: config.get('password'))
+            self.load_wallet(path, config.get('password'))
             response = True
         elif sub == 'close_wallet':
             path = config.get_wallet_path()
@@ -198,7 +198,7 @@ class Daemon(DaemonThread):
             response = "Error: Electrum is running in daemon mode. Please stop the daemon first."
         return response
 
-    def load_wallet(self, path, password_getter):
+    def load_wallet(self, path, password):
         # wizard will be launched if we return
         if path in self.wallets:
             wallet = self.wallets[path]
@@ -207,9 +207,8 @@ class Daemon(DaemonThread):
         if not storage.file_exists():
             return
         if storage.is_encrypted():
-            password = password_getter()
             if not password:
-                raise UserCancelled()
+                return
             storage.decrypt(password)
         if storage.requires_split():
             return