diff --git a/cmd/goal/messages.go b/cmd/goal/messages.go
index 1bc78ce30a..b3cf284881 100644
--- a/cmd/goal/messages.go
+++ b/cmd/goal/messages.go
@@ -178,16 +178,19 @@ const (
 	infoPrintedBackupPhrase      = "Your backup phrase is printed below.\nKeep this information safe -- never share it with anyone!"
 	infoBackupPhrase             = "\n%s"
 	infoNoWallets                = "No wallets found. You can create a wallet with `goal wallet new`"
+	infoRenamedWallet            = "Renamed wallet '%s' to '%s'"
 	errorCouldntCreateWallet     = "Couldn't create wallet: %s"
 	errorCouldntInitializeWallet = "Couldn't initialize wallet: %s"
 	errorCouldntExportMDK        = "Couldn't export master derivation key: %s"
 	errorCouldntMakeMnemonic     = "Couldn't make mnemonic: %s"
 	errorCouldntListWallets      = "Couldn't list wallets: %s"
+	errorCouldntFindWallet       = "Couldn't find wallet: %s"
 	errorPasswordConfirmation    = "Password confirmation did not match"
 	errorBadMnemonic             = "Problem with mnemonic: %s"
 	errorBadRecoveredKey         = "Recovered invalid key"
 	errorFailedToReadResponse    = "Couldn't read response: %s"
 	errorFailedToReadPassword    = "Couldn't read password: %s"
+	errorCouldntRenameWallet     = "Couldn't rename wallet: %s"
 
 	// Commands
 	infoPasswordPrompt       = "Please enter the password for wallet '%s': "
diff --git a/cmd/goal/wallet.go b/cmd/goal/wallet.go
index e95aea62a6..a0a06e6cf4 100644
--- a/cmd/goal/wallet.go
+++ b/cmd/goal/wallet.go
@@ -39,6 +39,7 @@ var (
 func init() {
 	walletCmd.AddCommand(newWalletCmd)
 	walletCmd.AddCommand(listWalletsCmd)
+	walletCmd.AddCommand(renameWalletCmd)
 
 	// Default wallet to use when -w not specified
 	walletCmd.Flags().StringVarP(&defaultWalletName, "default", "f", "", "Set the wallet with this name to be the default wallet")
@@ -200,6 +201,53 @@ var listWalletsCmd = &cobra.Command{
 	},
 }
 
+var renameWalletCmd = &cobra.Command{
+	Use:   "rename [wallet name] [new wallet name]",
+	Short: "Rename wallet",
+	Args:  cobra.ExactArgs(2),
+	Run: func(cmd *cobra.Command, args []string) {
+		dataDir := datadir.EnsureSingleDataDir()
+
+		client := ensureKmdClient(dataDir)
+
+		walletName := []byte(args[0])
+		newWalletName := []byte(args[1])
+
+		wid, duplicate, err := client.FindWalletIDByName(walletName)
+
+		if wid == nil {
+			reportErrorf(errorCouldntFindWallet, string(walletName))
+		}
+
+		if err != nil {
+			reportErrorf(errorCouldntRenameWallet, err)
+		}
+
+		if duplicate {
+			reportErrorf(errorCouldntRenameWallet, "Multiple wallets by the same name are not supported")
+		}
+
+		if bytes.Equal(walletName, newWalletName) {
+			reportErrorf(errorCouldntRenameWallet, "new name is identical to current name")
+		}
+
+		walletPassword := []byte{}
+
+		// if wallet is encrypted, fetch the password
+		if !client.WalletIsUnencrypted(wid) {
+			fmt.Printf(infoPasswordPrompt, walletName)
+			walletPassword = ensurePassword()
+		}
+
+		err = client.RenameWallet(wid, newWalletName, walletPassword)
+		if err != nil {
+			reportErrorf(errorCouldntRenameWallet, err)
+		}
+
+		reportInfof(infoRenamedWallet, walletName, newWalletName)
+	},
+}
+
 func printWallets(dataDir string, wallets []kmdapi.APIV1Wallet) {
 	accountList := makeAccountsList(dataDir)
 	defaultWalletID := string(accountList.getDefaultWalletID())
diff --git a/daemon/kmd/client/wrappers.go b/daemon/kmd/client/wrappers.go
index a7b5613aff..2167276c08 100644
--- a/daemon/kmd/client/wrappers.go
+++ b/daemon/kmd/client/wrappers.go
@@ -59,6 +59,17 @@ func (kcl KMDClient) CreateWallet(walletName []byte, walletDriverName string, wa
 	return
 }
 
+// RenameWallet wraps kmdapi.APIV1POSTWalletRenameRequest
+func (kcl KMDClient) RenameWallet(walletID []byte, newWalletName []byte, walletPassword []byte) (resp kmdapi.APIV1POSTWalletRenameResponse, err error) {
+	req := kmdapi.APIV1POSTWalletRenameRequest{
+		WalletID:       string(walletID),
+		NewWalletName:  string(newWalletName),
+		WalletPassword: string(walletPassword),
+	}
+	err = kcl.DoV1Request(req, &resp)
+	return
+}
+
 // InitWallet wraps kmdapi.APIV1POSTWalletInitRequest
 func (kcl KMDClient) InitWallet(walletID []byte, walletPassword []byte) (resp kmdapi.APIV1POSTWalletInitResponse, err error) {
 	req := kmdapi.APIV1POSTWalletInitRequest{
diff --git a/libgoal/wallets.go b/libgoal/wallets.go
index e175d62f77..c0db621bda 100644
--- a/libgoal/wallets.go
+++ b/libgoal/wallets.go
@@ -45,6 +45,24 @@ func (c *Client) CreateWallet(name []byte, password []byte, mdk crypto.MasterDer
 	return []byte(resp.Wallet.ID), nil
 }
 
+// RenameWallet renames a kmd wallet
+func (c *Client) RenameWallet(wid []byte, name []byte, password []byte) error {
+	// Pull the list of all wallets from kmd
+	kmd, err := c.ensureKmdClient()
+	if err != nil {
+		return err
+	}
+
+	// Rename the wallet
+	_, err = kmd.RenameWallet(wid, name, password)
+
+	if err != nil {
+		return err
+	}
+
+	return nil
+}
+
 // GetWalletHandleToken inits the wallet with the given id, returning a wallet handle token
 func (c *Client) GetWalletHandleToken(wid, pw []byte) ([]byte, error) {
 	kmd, err := c.ensureKmdClient()