diff --git a/src/contracts.rs b/src/contracts.rs
index 2ebdef6d..28021406 100644
--- a/src/contracts.rs
+++ b/src/contracts.rs
@@ -51,7 +51,7 @@ pub trait SwapCoin {
     fn verify_contract_tx_receiver_sig(&self, sig: &Signature) -> bool;
     fn verify_contract_tx_sender_sig(&self, sig: &Signature) -> bool;
     fn apply_privkey(&mut self, privkey: SecretKey) -> Result<(), Error>;
-    fn is_known(&self) -> bool;
+    fn is_hash_preimage_known(&self) -> bool;
 }
 
 pub fn calculate_maker_pubkey_from_nonce(
@@ -505,8 +505,8 @@ impl SwapCoin for IncomingSwapCoin {
         Ok(())
     }
 
-    fn is_known(&self) -> bool {
-        self.contract_privkey_is_known()
+    fn is_hash_preimage_known(&self) -> bool {
+        self.hash_preimage.is_some()
     }
 }
 
@@ -555,8 +555,8 @@ impl SwapCoin for OutgoingSwapCoin {
         }
     }
 
-    fn is_known(&self) -> bool {
-        self.contract_privkey_is_known()
+    fn is_hash_preimage_known(&self) -> bool {
+        self.hash_preimage.is_some()
     }
 }
 
@@ -647,7 +647,7 @@ impl SwapCoin for WatchOnlySwapCoin {
         }
     }
 
-    fn is_known(&self) -> bool {
+    fn is_hash_preimage_known(&self) -> bool {
         false
     }
 }
diff --git a/src/main.rs b/src/main.rs
index 5dd810a5..66944a24 100644
--- a/src/main.rs
+++ b/src/main.rs
@@ -208,7 +208,7 @@ fn display_wallet_balance(wallet_file_name: &PathBuf, long_form: Option<bool>) {
                     if long_form { &"" } else { &txid[58..64] },
                     utxo.vout,
                     contract_type,
-                    if swapcoin.is_known() { "known" } else { "unknown" },
+                    if swapcoin.is_hash_preimage_known() { "known" } else { "unknown" },
                     read_locktime_from_contract(&swapcoin.get_contract_redeemscript())
                         .expect("unable to read locktime from contract"),
                     utxo.confirmations,
diff --git a/src/wallet_sync.rs b/src/wallet_sync.rs
index 5e878264..f0524e0c 100644
--- a/src/wallet_sync.rs
+++ b/src/wallet_sync.rs
@@ -153,10 +153,6 @@ impl IncomingSwapCoin {
             hash_preimage: None,
         }
     }
-
-    pub fn contract_privkey_is_known(&self) -> bool {
-        self.other_privkey.is_some() || self.hash_preimage.is_some()
-    }
 }
 
 impl OutgoingSwapCoin {
@@ -188,10 +184,6 @@ impl OutgoingSwapCoin {
             hash_preimage: None,
         }
     }
-
-    pub fn contract_privkey_is_known(&self) -> bool {
-        self.hash_preimage.is_some()
-    }
 }
 
 pub trait WalletSwapCoin {
@@ -330,7 +322,7 @@ impl Wallet {
             Address::p2wsh(script, NETWORK),
             contract_tx.input[0].previous_output.txid,
             contract_tx.input[0].previous_output.vout,
-            if coin.is_known() {
+            if coin.is_hash_preimage_known() {
                 "  known"
             } else {
                 "unknown"
@@ -811,7 +803,7 @@ impl Wallet {
             ),
         >::new();
         let get_hashvalue = |s: &dyn SwapCoin| {
-            if s.is_known() {
+            if s.is_hash_preimage_known() {
                 return None;
             }
             let swapcoin_hashvalue = read_hashvalue_from_contract(&s.get_contract_redeemscript())