diff --git a/nym-wallet/package.json b/nym-wallet/package.json
index a1a302bf9a..c930554e2b 100644
--- a/nym-wallet/package.json
+++ b/nym-wallet/package.json
@@ -29,9 +29,9 @@
     "@mui/styles": "^5.2.2",
     "@mui/utils": "^5.7.0",
     "@nymproject/mui-theme": "^1.0.0",
+    "@nymproject/node-tester": "^1.0.0",
     "@nymproject/react": "^1.0.0",
     "@nymproject/types": "^1.0.0",
-    "@nymproject/node-tester": "^1.0.0",
     "@storybook/react": "^6.5.15",
     "@tauri-apps/api": "^1.2.0",
     "@tauri-apps/tauri-forage": "^1.0.0-beta.2",
@@ -39,6 +39,7 @@
     "bs58": "^4.0.1",
     "clsx": "^1.1.1",
     "date-fns": "^2.28.0",
+    "joi": "^17.11.0",
     "lodash": "^4.17.21",
     "notistack": "^2.0.3",
     "npm-run-all": "^4.1.5",
@@ -123,4 +124,4 @@
     "webpack-favicons": "^1.3.8",
     "webpack-merge": "^5.8.0"
   }
-}
\ No newline at end of file
+}
diff --git a/nym-wallet/src/components/Bonding/forms/gatewayValidationSchema.ts b/nym-wallet/src/components/Bonding/forms/gatewayValidationSchema.ts
index 6935b6e623..9de1e6a1f7 100644
--- a/nym-wallet/src/components/Bonding/forms/gatewayValidationSchema.ts
+++ b/nym-wallet/src/components/Bonding/forms/gatewayValidationSchema.ts
@@ -11,7 +11,7 @@ import {
 
 export const gatewayValidationSchema = Yup.object().shape({
   identityKey: Yup.string()
-    .required('An indentity key is required')
+    .required('An identity key is required')
     .test('valid-id-key', 'A valid identity key is required', (value) => validateKey(value || '', 32)),
 
   sphinxKey: Yup.string()
@@ -20,10 +20,12 @@ export const gatewayValidationSchema = Yup.object().shape({
 
   host: Yup.string()
     .required('A host is required')
+    .test('no-whitespace', 'Host cannot contain whitespace', (value) => !/\s/.test(value || ''))
     .test('valid-host', 'A valid host is required', (value) => (value ? isValidHostname(value) : false)),
 
   version: Yup.string()
     .required('A version is required')
+    .test('no-whitespace', 'A version cannot contain whitespace', (value) => !/\s/.test(value || ''))
     .test('valid-version', 'A valid version is required', (value) => (value ? validateVersion(value) : false)),
 
   location: Yup.string()
@@ -70,6 +72,7 @@ export const amountSchema = Yup.object().shape({
 export const updateGatewayValidationSchema = Yup.object().shape({
   host: Yup.string()
     .required('A host is required')
+    .test('no-whitespace', 'Host cannot contain whitespace', (value) => !/\s/.test(value || ''))
     .test('valid-host', 'A valid host is required', (value) => (value ? isValidHostname(value) : false)),
 
   mixPort: Yup.number()
@@ -82,7 +85,7 @@ export const updateGatewayValidationSchema = Yup.object().shape({
   location: Yup.string().test('valid-location', 'A valid location is required', (value) =>
     value ? validateLocation(value) : false,
   ),
-  version: Yup.string().test('valid-version', 'A valid version is required', (value) =>
-    value ? validateVersion(value) : false,
-  ),
+  version: Yup.string()
+    .test('no-whitespace', 'A version cannot contain whitespace', (value) => !/\s/.test(value || ''))
+    .test('valid-version', 'A valid version is required', (value) => (value ? validateVersion(value) : false)),
 });
diff --git a/nym-wallet/src/components/Bonding/forms/mixnodeValidationSchema.ts b/nym-wallet/src/components/Bonding/forms/mixnodeValidationSchema.ts
index 601731bd3e..3230fc0714 100644
--- a/nym-wallet/src/components/Bonding/forms/mixnodeValidationSchema.ts
+++ b/nym-wallet/src/components/Bonding/forms/mixnodeValidationSchema.ts
@@ -12,10 +12,12 @@ export const mixnodeValidationSchema = Yup.object().shape({
 
   host: Yup.string()
     .required('A host is required')
+    .test('no-whitespace', 'Host cannot contain whitespace', (value) => !/\s/.test(value || ''))
     .test('valid-host', 'A valid host is required', (value) => (value ? isValidHostname(value) : false)),
 
   version: Yup.string()
     .required('A version is required')
+    .test('no-whitespace', 'A version cannot contain whitespace', (value) => !/\s/.test(value || ''))
     .test('valid-version', 'A valid version is required', (value) => (value ? validateVersion(value) : false)),
 
   mixPort: Yup.number()
@@ -65,10 +67,12 @@ export const amountSchema = Yup.object().shape({
 export const bondedInfoParametersValidationSchema = Yup.object().shape({
   host: Yup.string()
     .required('A host is required')
+    .test('no-whitespace', 'Host cannot contain whitespace', (value) => !/\s/.test(value || ''))
     .test('valid-host', 'A valid host is required', (value) => (value ? isValidHostname(value) : false)),
 
   version: Yup.string()
     .required('A version is required')
+    .test('no-whitespace', 'A version cannot contain whitespace', (value) => !/\s/.test(value || ''))
     .test('valid-version', 'A valid version is required', (value) => (value ? validateVersion(value) : false)),
 
   mixPort: Yup.number()
diff --git a/nym-wallet/src/utils/common.ts b/nym-wallet/src/utils/common.ts
index 1f113ff37a..6d953db072 100644
--- a/nym-wallet/src/utils/common.ts
+++ b/nym-wallet/src/utils/common.ts
@@ -5,6 +5,7 @@ import { valid } from 'semver';
 import { add, format, fromUnixTime } from 'date-fns';
 import { DecCoin, isValidRawCoin, MixNodeCostParams } from '@nymproject/types';
 import { TPoolOption } from 'src/components';
+import Joi from 'joi';
 import {
   getCurrentInterval,
   getDefaultMixnodeCostParams,
@@ -47,13 +48,15 @@ export const validateAmount = async (
 };
 
 export const isValidHostname = (value: string) => {
-  // regex for ipv4 and ipv6 and hostname- source http://jsfiddle.net/DanielD/8S4nq/
-  const trimmedValue = value.replace(/\s+/g, '');
+  const trimmedValue = value.trim();
 
-  const hostnameRegex =
-    /((^((([0-9]|[1-9][0-9]|1[0-9]{2}|2[0-4][0-9]|25[0-5])\.){3}([0-9]|[1-9][0-9]|1[0-9]{2}|2[0-4][0-9]|25[0-5]))\s*$)|(^\s*((([0-9A-Fa-f]{1,4}:){7}([0-9A-Fa-f]{1,4}|:))|(([0-9A-Fa-f]{1,4}:){6}(:[0-9A-Fa-f]{1,4}|((25[0-5]|2[0-4]\d|1\d\d|[1-9]?\d)(\.(25[0-5]|2[0-4]\d|1\d\d|[1-9]?\d)){3})|:))|(([0-9A-Fa-f]{1,4}:){5}(((:[0-9A-Fa-f]{1,4}){1,2})|:((25[0-5]|2[0-4]\d|1\d\d|[1-9]?\d)(\.(25[0-5]|2[0-4]\d|1\d\d|[1-9]?\d)){3})|:))|(([0-9A-Fa-f]{1,4}:){4}(((:[0-9A-Fa-f]{1,4}){1,3})|((:[0-9A-Fa-f]{1,4})?:((25[0-5]|2[0-4]\d|1\d\d|[1-9]?\d)(\.(25[0-5]|2[0-4]\d|1\d\d|[1-9]?\d)){3}))|:))|(([0-9A-Fa-f]{1,4}:){3}(((:[0-9A-Fa-f]{1,4}){1,4})|((:[0-9A-Fa-f]{1,4}){0,2}:((25[0-5]|2[0-4]\d|1\d\d|[1-9]?\d)(\.(25[0-5]|2[0-4]\d|1\d\d|[1-9]?\d)){3}))|:))|(([0-9A-Fa-f]{1,4}:){2}(((:[0-9A-Fa-f]{1,4}){1,5})|((:[0-9A-Fa-f]{1,4}){0,3}:((25[0-5]|2[0-4]\d|1\d\d|[1-9]?\d)(\.(25[0-5]|2[0-4]\d|1\d\d|[1-9]?\d)){3}))|:))|(([0-9A-Fa-f]{1,4}:){1}(((:[0-9A-Fa-f]{1,4}){1,6})|((:[0-9A-Fa-f]{1,4}){0,4}:((25[0-5]|2[0-4]\d|1\d\d|[1-9]?\d)(\.(25[0-5]|2[0-4]\d|1\d\d|[1-9]?\d)){3}))|:))|(:(((:[0-9A-Fa-f]{1,4}){1,7})|((:[0-9A-Fa-f]{1,4}){0,5}:((25[0-5]|2[0-4]\d|1\d\d|[1-9]?\d)(\.(25[0-5]|2[0-4]\d|1\d\d|[1-9]?\d)){3}))|:)))(%.+)?\s*$))|(^\s*((?=.{1,255}$)(?=.*[A-Za-z].*)[0-9A-Za-z](?:(?:[0-9A-Za-z]|\b-){0,61}[0-9A-Za-z])?(?:\.[0-9A-Za-z](?:(?:[0-9A-Za-z]|\b-){0,61}[0-9A-Za-z])?)*)\s*$)/;
+  const hostnameSchema = Joi.alternatives().try(
+    Joi.string().hostname(),
+    Joi.string().ip({ version: ['ipv4', 'ipv6'] }),
+  );
 
-  return hostnameRegex.test(trimmedValue);
+  const result = hostnameSchema.validate(trimmedValue);
+  return !result.error;
 };
 
 export const validateVersion = (version: string): boolean => {
diff --git a/yarn.lock b/yarn.lock
index e5fc44427d..d982958fcf 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -1830,6 +1830,18 @@
   resolved "https://registry.yarnpkg.com/@gar/promisify/-/promisify-1.1.3.tgz#555193ab2e3bb3b6adc3d551c9c030d9e860daf6"
   integrity sha512-k2Ty1JcVojjJFwrg/ThKi2ujJ7XNLYaFGNB/bWT9wGR+oSMJHMa5w+CUq6p/pVrKeNNgA7pCqEcjSnHVoqJQFw==
 
+"@hapi/hoek@^9.0.0":
+  version "9.3.0"
+  resolved "https://registry.yarnpkg.com/@hapi/hoek/-/hoek-9.3.0.tgz#8368869dcb735be2e7f5cb7647de78e167a251fb"
+  integrity sha512-/c6rf4UJlmHlC9b5BaNvzAcFv7HZ2QHaV0D4/HNlBdvFnvQq8RI4kYdhyPCl7Xj+oWvTWQ8ujhqS53LIgAe6KQ==
+
+"@hapi/topo@^5.0.0":
+  version "5.1.0"
+  resolved "https://registry.yarnpkg.com/@hapi/topo/-/topo-5.1.0.tgz#dc448e332c6c6e37a4dc02fd84ba8d44b9afb012"
+  integrity sha512-foQZKJig7Ob0BMAYBfcJk8d77QtOe7Wo4ox7ff1lQYoNNAb6jwcY1ncdoy2e9wQZzvNy7ODZCYJkK8kzmcAnAg==
+  dependencies:
+    "@hapi/hoek" "^9.0.0"
+
 "@hookform/resolvers@^2.8.0":
   version "2.9.11"
   resolved "https://registry.yarnpkg.com/@hookform/resolvers/-/resolvers-2.9.11.tgz#9ce96e7746625a89239f68ca57c4f654264c17ef"
@@ -3035,6 +3047,23 @@
     "@sentry/types" "7.73.0"
     tslib "^2.4.1 || ^1.9.3"
 
+"@sideway/address@^4.1.3":
+  version "4.1.4"
+  resolved "https://registry.yarnpkg.com/@sideway/address/-/address-4.1.4.tgz#03dccebc6ea47fdc226f7d3d1ad512955d4783f0"
+  integrity sha512-7vwq+rOHVWjyXxVlR76Agnvhy8I9rpzjosTESvmhNeXOXdZZB15Fl+TI9x1SiHZH5Jv2wTGduSxFDIaq0m3DUw==
+  dependencies:
+    "@hapi/hoek" "^9.0.0"
+
+"@sideway/formula@^3.0.1":
+  version "3.0.1"
+  resolved "https://registry.yarnpkg.com/@sideway/formula/-/formula-3.0.1.tgz#80fcbcbaf7ce031e0ef2dd29b1bfc7c3f583611f"
+  integrity sha512-/poHZJJVjx3L+zVD6g9KgHfYnb443oi7wLu/XKojDviHy6HOEOA6z1Trk5aR1dGcmPenJEgb2sK2I80LeS3MIg==
+
+"@sideway/pinpoint@^2.0.0":
+  version "2.0.0"
+  resolved "https://registry.yarnpkg.com/@sideway/pinpoint/-/pinpoint-2.0.0.tgz#cff8ffadc372ad29fd3f78277aeb29e632cc70df"
+  integrity sha512-RNiOoTPkptFtSVzQevY/yWtZwf/RxyVnPy/OcA9HBM3MlGDnBEYL5B41H0MTn0Uec8Hi+2qUtTfG2WWZBmMejQ==
+
 "@sigstore/bundle@^1.1.0":
   version "1.1.0"
   resolved "https://registry.yarnpkg.com/@sigstore/bundle/-/bundle-1.1.0.tgz#17f8d813b09348b16eeed66a8cf1c3d6bd3d04f1"
@@ -12417,6 +12446,17 @@ jest@^27.1.0:
     import-local "^3.0.2"
     jest-cli "^27.5.1"
 
+joi@^17.11.0:
+  version "17.11.0"
+  resolved "https://registry.yarnpkg.com/joi/-/joi-17.11.0.tgz#aa9da753578ec7720e6f0ca2c7046996ed04fc1a"
+  integrity sha512-NgB+lZLNoqISVy1rZocE9PZI36bL/77ie924Ri43yEvi9GUUMPeyVIr8KdFTMUlby1p0PBYMk9spIxEUQYqrJQ==
+  dependencies:
+    "@hapi/hoek" "^9.0.0"
+    "@hapi/topo" "^5.0.0"
+    "@sideway/address" "^4.1.3"
+    "@sideway/formula" "^3.0.1"
+    "@sideway/pinpoint" "^2.0.0"
+
 js-sha3@^0.8.0:
   version "0.8.0"
   resolved "https://registry.yarnpkg.com/js-sha3/-/js-sha3-0.8.0.tgz#b9b7a5da73afad7dedd0f8c463954cbde6818840"