diff --git a/nym-wallet/src/components/textfields.tsx b/nym-wallet/src/components/textfields.tsx
index 085ede1ab3..1b0224c134 100644
--- a/nym-wallet/src/components/textfields.tsx
+++ b/nym-wallet/src/components/textfields.tsx
@@ -10,17 +10,17 @@ export const MnemonicInput: React.FC<{
   error?: string;
   onUpdateMnemonic: (mnemonic: string) => void;
 }> = ({ mnemonic, error, onUpdateMnemonic }) => {
-  const [showPassword, setShowPassword] = useState(false);
+  const [showMnemonic, setShowMnemonic] = useState(false);
   return (
     <Stack spacing={2}>
       <TextField
         label="Mnemonic"
-        type="input"
-        value={showPassword ? mnemonic : mnemonic.replaceAll(/./g, '*')}
+        type={showMnemonic ? 'input' : 'password'}
+        value={mnemonic}
         onChange={(e) => onUpdateMnemonic(e.target.value)}
-        multiline
         autoFocus
         fullWidth
+        multiline={showMnemonic}
         inputProps={{
           style: {
             height: '160px',
@@ -34,7 +34,7 @@ export const MnemonicInput: React.FC<{
         }}
       />
       <FormControlLabel
-        control={<Checkbox checked={Boolean(showPassword)} onChange={() => setShowPassword((show) => !show)} />}
+        control={<Checkbox checked={Boolean(showMnemonic)} onChange={() => setShowMnemonic((show) => !show)} />}
         label="Reveal my mnemonic"
       />
       {error && <Error message={error} />}