diff --git a/apps/trading/components/vega-wallet-connect-button/vega-wallet-connect-button.tsx b/apps/trading/components/vega-wallet-connect-button/vega-wallet-connect-button.tsx
index 03e99415b..259dd42b4 100644
--- a/apps/trading/components/vega-wallet-connect-button/vega-wallet-connect-button.tsx
+++ b/apps/trading/components/vega-wallet-connect-button/vega-wallet-connect-button.tsx
@@ -94,6 +94,7 @@ export const VegaWalletConnectButton = ({
             <KeypairRadioGroup
               pubKey={pubKey}
               pubKeys={pubKeys}
+              activeKey={activeKey?.publicKey}
               onSelect={selectPubKey}
             />
             <TradingDropdownSeparator />
@@ -138,10 +139,12 @@ export const VegaWalletConnectButton = ({
 const KeypairRadioGroup = ({
   pubKey,
   pubKeys,
+  activeKey,
   onSelect,
 }: {
   pubKey: string | undefined;
   pubKeys: Key[];
+  activeKey: string | undefined;
   onSelect: (pubKey: string) => void;
 }) => {
   const { data } = usePartyProfilesQuery({
@@ -157,14 +160,27 @@ const KeypairRadioGroup = ({
           (e) => e.node.partyId === pk.publicKey
         );
         return (
-          <KeypairItem key={pk.publicKey} pk={pk} alias={profile?.node.alias} />
+          <KeypairItem
+            key={pk.publicKey}
+            pk={pk}
+            isActive={activeKey === pk.publicKey}
+            alias={profile?.node.alias}
+          />
         );
       })}
     </TradingDropdownRadioGroup>
   );
 };
 
-const KeypairItem = ({ pk, alias }: { pk: Key; alias: string | undefined }) => {
+const KeypairItem = ({
+  pk,
+  isActive,
+  alias,
+}: {
+  pk: Key;
+  alias: string | undefined;
+  isActive: boolean;
+}) => {
   const t = useT();
   const [copied, setCopied] = useCopyTimeout();
   const setOpen = useProfileDialogStore((store) => store.setOpen);
@@ -201,7 +217,7 @@ const KeypairItem = ({ pk, alias }: { pk: Key; alias: string | undefined }) => {
               className="flex items-center gap-1"
             >
               {alias ? alias : t('No alias')}
-              <VegaIcon name={VegaIconNames.EDIT} />
+              {isActive && <VegaIcon name={VegaIconNames.EDIT} />}
             </button>
           </Tooltip>
         </div>
diff --git a/apps/trading/components/vega-wallet/vega-wallet-menu.tsx b/apps/trading/components/vega-wallet/vega-wallet-menu.tsx
index 1f5226863..cd418acff 100644
--- a/apps/trading/components/vega-wallet/vega-wallet-menu.tsx
+++ b/apps/trading/components/vega-wallet/vega-wallet-menu.tsx
@@ -131,16 +131,18 @@ const KeypairListItem = ({
         data-testid={`key-${pk.publicKey}`}
       >
         <span className="truncate">{alias ? alias : t('No alias')}</span>
-        <button
-          data-testid="alias"
-          onClick={() => {
-            setOpen(pk.publicKey);
-            setMenu(null);
-          }}
-          className="flex items-center gap-1"
-        >
-          <VegaIcon name={VegaIconNames.EDIT} />
-        </button>
+        {isActive && (
+          <button
+            data-testid="alias"
+            onClick={() => {
+              setOpen(pk.publicKey);
+              setMenu(null);
+            }}
+            className="flex items-center gap-1"
+          >
+            <VegaIcon name={VegaIconNames.EDIT} />
+          </button>
+        )}
       </span>
     </div>
   );