diff --git a/core/src/main/resources/i18n/displayStrings.properties b/core/src/main/resources/i18n/displayStrings.properties
index 0860b75039..638f8a70f3 100644
--- a/core/src/main/resources/i18n/displayStrings.properties
+++ b/core/src/main/resources/i18n/displayStrings.properties
@@ -482,6 +482,7 @@ createOffer.tac=With publishing this offer I agree to trade with any trader who
 createOffer.currencyForFee=Trade fee
 createOffer.setDeposit=Set buyer's security deposit (%)
 createOffer.setDepositAsBuyer=Set my security deposit as buyer (%)
+createOffer.setDepositForBothTraders=Set both traders' security deposit (%)
 createOffer.securityDepositInfo=Your buyer''s security deposit will be {0}
 createOffer.securityDepositInfoAsBuyer=Your security deposit as buyer will be {0}
 createOffer.minSecurityDepositUsed=Min. buyer security deposit is used
diff --git a/desktop/src/main/java/bisq/desktop/main/offer/MutableOfferViewModel.java b/desktop/src/main/java/bisq/desktop/main/offer/MutableOfferViewModel.java
index ed250a3ca8..55b9e75d5d 100644
--- a/desktop/src/main/java/bisq/desktop/main/offer/MutableOfferViewModel.java
+++ b/desktop/src/main/java/bisq/desktop/main/offer/MutableOfferViewModel.java
@@ -966,7 +966,8 @@ public abstract class MutableOfferViewModel<M extends MutableOfferDataModel> ext
     }
 
     public String getSecurityDepositLabel() {
-        return dataModel.isBuyOffer() ? Res.get("createOffer.setDepositAsBuyer") : Res.get("createOffer.setDeposit");
+        return Preferences.USE_SYMMETRIC_SECURITY_DEPOSIT ? Res.get("createOffer.setDepositForBothTraders") :
+                dataModel.isBuyOffer() ? Res.get("createOffer.setDepositAsBuyer") : Res.get("createOffer.setDeposit");
     }
 
     public String getSecurityDepositPopOverLabel(String depositInBTC) {