diff --git a/CHANGELOG.md b/CHANGELOG.md
index 5914aabe..44f23bb0 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -43,6 +43,8 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
   1. Balance of ASB too low
   2. Buy amount sent by CLI exceeds maximum buy amount accepted by ASB
   3. ASB is running in resume-only mode and does not accept incoming swap requests
+- An issue where the monero daemon port used by the `monero-wallet-rpc` could not be specified.
+  The CLI parameter `--monero-daemon-host` was changed to `--monero-daemon-address` where host and port have to be specified.
 
 ### Changed
 
diff --git a/swap/src/bin/swap.rs b/swap/src/bin/swap.rs
index 7b5596fe..1db7bac0 100644
--- a/swap/src/bin/swap.rs
+++ b/swap/src/bin/swap.rs
@@ -53,7 +53,7 @@ async fn main() -> Result<()> {
             monero:
                 Monero {
                     receive_monero_address,
-                    monero_daemon_host,
+                    monero_daemon_address,
                 },
             tor: Tor { tor_socks5_port },
         } => {
@@ -84,7 +84,7 @@ async fn main() -> Result<()> {
             )
             .await?;
             let (monero_wallet, _process) =
-                init_monero_wallet(data_dir, monero_daemon_host, env_config).await?;
+                init_monero_wallet(data_dir, monero_daemon_address, env_config).await?;
             let bitcoin_wallet = Arc::new(bitcoin_wallet);
 
             let mut swarm = swarm::bob(&seed, seller_peer_id, tor_socks5_port).await?;
@@ -160,7 +160,7 @@ async fn main() -> Result<()> {
             monero:
                 Monero {
                     receive_monero_address,
-                    monero_daemon_host,
+                    monero_daemon_address,
                 },
             tor: Tor { tor_socks5_port },
         } => {
@@ -185,7 +185,7 @@ async fn main() -> Result<()> {
             )
             .await?;
             let (monero_wallet, _process) =
-                init_monero_wallet(data_dir, monero_daemon_host, env_config).await?;
+                init_monero_wallet(data_dir, monero_daemon_address, env_config).await?;
             let bitcoin_wallet = Arc::new(bitcoin_wallet);
 
             let seller_peer_id = db.get_peer_id(swap_id)?;
@@ -315,7 +315,7 @@ async fn init_bitcoin_wallet(
 
 async fn init_monero_wallet(
     data_dir: PathBuf,
-    monero_daemon_host: String,
+    monero_daemon_address: String,
     env_config: Config,
 ) -> Result<(monero::Wallet, monero::WalletRpcProcess)> {
     let network = env_config.monero_network;
@@ -325,7 +325,7 @@ async fn init_monero_wallet(
     let monero_wallet_rpc = monero::WalletRpc::new(data_dir.join("monero")).await?;
 
     let monero_wallet_rpc_process = monero_wallet_rpc
-        .run(network, monero_daemon_host.as_str())
+        .run(network, monero_daemon_address.as_str())
         .await?;
 
     let monero_wallet = monero::Wallet::open_or_create(
diff --git a/swap/src/cli/command.rs b/swap/src/cli/command.rs
index a2454cbc..6ceddcf4 100644
--- a/swap/src/cli/command.rs
+++ b/swap/src/cli/command.rs
@@ -7,8 +7,7 @@ use std::str::FromStr;
 use url::Url;
 use uuid::Uuid;
 
-// Port is assumed to be stagenet standard port 38081
-pub const DEFAULT_STAGENET_MONERO_DAEMON_HOST: &str = "monero-stagenet.exan.tech";
+pub const DEFAULT_STAGENET_MONERO_DAEMON_ADDRESS: &str = "monero-stagenet.exan.tech:38081";
 
 const DEFAULT_ELECTRUM_RPC_URL: &str = "ssl://electrum.blockstream.info:60002";
 const DEFAULT_BITCOIN_CONFIRMATION_TARGET: &str = "3";
@@ -103,11 +102,11 @@ pub struct Monero {
     pub receive_monero_address: monero::Address,
 
     #[structopt(
-        long = "monero-daemon-host",
-        help = "Specify to connect to a monero daemon of your choice",
-        default_value = DEFAULT_STAGENET_MONERO_DAEMON_HOST
+        long = "monero-daemon-address",
+        help = "Specify to connect to a monero daemon of your choice: <host>:<port>",
+        default_value = DEFAULT_STAGENET_MONERO_DAEMON_ADDRESS
     )]
-    pub monero_daemon_host: String,
+    pub monero_daemon_address: String,
 }
 
 #[derive(structopt::StructOpt, Debug)]
diff --git a/swap/src/monero/wallet_rpc.rs b/swap/src/monero/wallet_rpc.rs
index f84a943f..24495530 100644
--- a/swap/src/monero/wallet_rpc.rs
+++ b/swap/src/monero/wallet_rpc.rs
@@ -115,7 +115,7 @@ impl WalletRpc {
         Ok(monero_wallet_rpc)
     }
 
-    pub async fn run(&self, network: Network, daemon_host: &str) -> Result<WalletRpcProcess> {
+    pub async fn run(&self, network: Network, daemon_address: &str) -> Result<WalletRpcProcess> {
         let port = tokio::net::TcpListener::bind("127.0.0.1:0")
             .await?
             .local_addr()?
@@ -135,8 +135,8 @@ impl WalletRpc {
                 Network::Stagenet => "--stagenet",
                 Network::Testnet => "--testnet",
             })
-            .arg("--daemon-host")
-            .arg(daemon_host)
+            .arg("--daemon-address")
+            .arg(daemon_address)
             .arg("--rpc-bind-port")
             .arg(format!("{}", port))
             .arg("--disable-rpc-login")