diff --git a/monero-rpc/src/rpc/wallet.rs b/monero-rpc/src/rpc/wallet.rs
index abad399b..dad66764 100644
--- a/monero-rpc/src/rpc/wallet.rs
+++ b/monero-rpc/src/rpc/wallet.rs
@@ -287,6 +287,7 @@ impl Client {
 
     pub async fn generate_from_keys(
         &self,
+        filename: &str,
         address: &str,
         spend_key: &str,
         view_key: &str,
@@ -294,7 +295,7 @@ impl Client {
     ) -> Result<GenerateFromKeys> {
         let params = GenerateFromKeysParams {
             restore_height,
-            filename: view_key.into(),
+            filename: filename.into(),
             address: address.into(),
             spendkey: spend_key.into(),
             viewkey: view_key.into(),
diff --git a/swap/src/monero/wallet.rs b/swap/src/monero/wallet.rs
index 0f9490c0..b3561281 100644
--- a/swap/src/monero/wallet.rs
+++ b/swap/src/monero/wallet.rs
@@ -64,10 +64,16 @@ impl Wallet {
         Ok(())
     }
 
+    pub async fn open(&self, filename: &str) -> Result<()> {
+        self.inner.lock().await.open_wallet(filename).await?;
+        Ok(())
+    }
+
     /// Close the wallet and open (load) another wallet by generating it from
     /// keys. The generated wallet will remain loaded.
     pub async fn create_from_and_load(
         &self,
+        file_name: &str,
         private_spend_key: PrivateKey,
         private_view_key: PrivateViewKey,
         restore_height: BlockHeight,
@@ -85,6 +91,7 @@ impl Wallet {
 
         let _ = wallet
             .generate_from_keys(
+                file_name,
                 &address.to_string(),
                 &private_spend_key.to_string(),
                 &PrivateKey::from(private_view_key).to_string(),
@@ -101,6 +108,7 @@ impl Wallet {
     /// stored name.
     pub async fn create_from(
         &self,
+        file_name: &str,
         private_spend_key: PrivateKey,
         private_view_key: PrivateViewKey,
         restore_height: BlockHeight,
@@ -119,6 +127,7 @@ impl Wallet {
 
         let _ = wallet
             .generate_from_keys(
+                file_name,
                 &temp_wallet_address.to_string(),
                 &private_spend_key.to_string(),
                 &PrivateKey::from(private_view_key).to_string(),
diff --git a/swap/src/protocol/alice/swap.rs b/swap/src/protocol/alice/swap.rs
index 2f2b1c86..63382faf 100644
--- a/swap/src/protocol/alice/swap.rs
+++ b/swap/src/protocol/alice/swap.rs
@@ -11,6 +11,7 @@ use anyhow::{bail, Context, Result};
 use tokio::select;
 use tokio::time::timeout;
 use tracing::{error, info};
+use uuid::Uuid;
 
 pub async fn run(swap: alice::Swap) -> Result<AliceState> {
     run_until(swap, |_| false).await
@@ -25,6 +26,7 @@ pub async fn run_until(
 
     while !is_complete(&current_state) && !exit_early(&current_state) {
         current_state = next_state(
+            swap.swap_id,
             current_state,
             &mut swap.event_loop_handle,
             swap.bitcoin_wallet.as_ref(),
@@ -43,6 +45,7 @@ pub async fn run_until(
 }
 
 async fn next_state(
+    swap_id: Uuid,
     state: AliceState,
     event_loop_handle: &mut EventLoopHandle,
     bitcoin_wallet: &bitcoin::Wallet,
@@ -296,7 +299,12 @@ async fn next_state(
                 .await?;
 
             monero_wallet
-                .create_from(spend_key, view_key, monero_wallet_restore_blockheight)
+                .create_from(
+                    &swap_id.to_string(),
+                    spend_key,
+                    view_key,
+                    monero_wallet_restore_blockheight,
+                )
                 .await?;
 
             AliceState::XmrRefunded
diff --git a/swap/src/protocol/bob/swap.rs b/swap/src/protocol/bob/swap.rs
index e926c12d..cdb0ea18 100644
--- a/swap/src/protocol/bob/swap.rs
+++ b/swap/src/protocol/bob/swap.rs
@@ -8,6 +8,7 @@ use crate::{bitcoin, monero};
 use anyhow::{bail, Context, Result};
 use rand::rngs::OsRng;
 use tokio::select;
+use uuid::Uuid;
 
 pub fn is_complete(state: &BobState) -> bool {
     matches!(
@@ -32,6 +33,7 @@ pub async fn run_until(
 
     while !is_target_state(&current_state) {
         current_state = next_state(
+            swap.swap_id,
             current_state,
             &mut swap.event_loop_handle,
             swap.bitcoin_wallet.as_ref(),
@@ -51,6 +53,7 @@ pub async fn run_until(
 }
 
 async fn next_state(
+    swap_id: Uuid,
     state: BobState,
     event_loop_handle: &mut EventLoopHandle,
     bitcoin_wallet: &bitcoin::Wallet,
@@ -193,11 +196,23 @@ async fn next_state(
         BobState::BtcRedeemed(state) => {
             let (spend_key, view_key) = state.xmr_keys();
 
-            // NOTE: This actually generates and opens a new wallet, closing the currently
-            // open one.
-            monero_wallet
-                .create_from_and_load(spend_key, view_key, state.monero_wallet_restore_blockheight)
-                .await?;
+            let generated_wallet_file_name = &swap_id.to_string();
+            if monero_wallet
+                .create_from_and_load(
+                    generated_wallet_file_name,
+                    spend_key,
+                    view_key,
+                    state.monero_wallet_restore_blockheight,
+                )
+                .await
+                .is_err()
+            {
+                // In case we failed to refresh/sweep, when resuming the wallet might already
+                // exist! This is a very unlikely scenario, but if we don't take care of it we
+                // might not be able to ever transfer the Monero.
+                tracing::warn!("Failed to generate monero wallet from keys, falling back to trying to open the the wallet if it already exists: {}", swap_id);
+                monero_wallet.open(generated_wallet_file_name).await?;
+            }
 
             // Ensure that the generated wallet is synced so we have a proper balance
             monero_wallet.refresh().await?;