diff --git a/mmgen/opts.py b/mmgen/opts.py
index 35451bc2..1faa784a 100755
--- a/mmgen/opts.py
+++ b/mmgen/opts.py
@@ -168,21 +168,6 @@ def override_from_env():
 			gname = name[(6,14)[disable]:].lower()
 			setattr(g,gname,set_for_type(val,getattr(g,gname),name,disable))
 
-def warn_altcoins(trust_level):
-	if trust_level > 3:
-		return
-	tl = (red('COMPLETELY UNTESTED'),red('LOW'),yellow('MEDIUM'),green('HIGH'))
-	m = """
-Support for coin '{}' is EXPERIMENTAL.  The {pn} project assumes no
-responsibility for any loss of funds you may incur.
-This coin's {pn} testing status: {}
-Are you sure you want to continue?
-""".strip().format(g.coin,tl[trust_level],pn=g.proj_name)
-	if g.test_suite:
-		qmsg(m); return
-	if not keypress_confirm(m,default_yes=True):
-		sys.exit(0)
-
 def common_opts_code(s):
 	from mmgen.protocol import CoinProtocol
 	return s.format(
@@ -345,7 +330,7 @@ def init(opts_data,add_opts=[],opt_filter=None,parse_only=False):
 		opt.verbose,opt.quiet = (True,None)
 	if g.debug_opts: opt_postproc_debug()
 
-	warn_altcoins(altcoin_trust_level)
+	warn_altcoins(g.coin,altcoin_trust_level)
 
 	# We don't need this data anymore
 	del mmgen.share.Opts, opts_data
diff --git a/mmgen/tool.py b/mmgen/tool.py
index a97b6fe9..d76a0e22 100755
--- a/mmgen/tool.py
+++ b/mmgen/tool.py
@@ -1139,7 +1139,8 @@ class tool_api(
 		Valid choices for network: 'mainnet','testnet','regtest'
 		"""
 		from mmgen.protocol import init_coin,init_genonly_altcoins
-		init_genonly_altcoins(coinsym)
+		altcoin_trust_level = init_genonly_altcoins(coinsym)
+		warn_altcoins(coinsym,altcoin_trust_level)
 		if network == 'regtest':
 			g.regtest = True
 		return init_coin(coinsym,{'mainnet':False,'testnet':True,'regtest':True}[network])
diff --git a/mmgen/util.py b/mmgen/util.py
index 3f87e31c..bc136c92 100755
--- a/mmgen/util.py
+++ b/mmgen/util.py
@@ -99,6 +99,23 @@ def pp_msg(d):
 CUR_HIDE = '\033[?25l'
 CUR_SHOW = '\033[?25h'
 
+def warn_altcoins(coinsym,trust_level):
+	if trust_level > 3:
+		return
+
+	tl = (red('COMPLETELY UNTESTED'),red('LOW'),yellow('MEDIUM'),green('HIGH'))
+	m = """
+Support for coin '{}' is EXPERIMENTAL.  The {pn} project assumes no
+responsibility for any loss of funds you may incur.
+This coin's {pn} testing status: {}
+Are you sure you want to continue?
+""".strip().format(coinsym.upper(),tl[trust_level],pn=g.proj_name)
+
+	if g.test_suite:
+		qmsg(m); return
+	if not keypress_confirm(m,default_yes=True):
+		sys.exit(0)
+
 def set_for_type(val,refval,desc,invert_bool=False,src=None):
 	src_str = (''," in '{}'".format(src))[bool(src)]
 	if type(refval) == bool: