diff --git a/app/_locales/en/messages.json b/app/_locales/en/messages.json
index 2b957129d..86bc1397b 100644
--- a/app/_locales/en/messages.json
+++ b/app/_locales/en/messages.json
@@ -1,4 +1,10 @@
 {
+  "showIncomingTransactions": {
+    "message": "Show Incoming Transactions"
+  },
+  "showIncomingTransactionsDescription": {
+    "message": "Select this to use Etherscan to show incoming transactions in the transactions list"
+  },
   "exposeAccounts": {
     "message": "Expose Accounts"
   },
diff --git a/app/scripts/controllers/incoming-transactions.js b/app/scripts/controllers/incoming-transactions.js
index 1a970cdfe..032ef8a77 100644
--- a/app/scripts/controllers/incoming-transactions.js
+++ b/app/scripts/controllers/incoming-transactions.js
@@ -56,6 +56,35 @@ class IncomingTransactionsController {
     }, opts.initState)
     this.store = new ObservableStore(initState)
 
+    this.preferencesController.store.subscribe(pairwise((prevState, currState) => {
+      const { featureFlags: { showIncomingTransactions: prevShowIncomingTransactions } = {} } = prevState
+      const { featureFlags: { showIncomingTransactions: currShowIncomingTransactions } = {} } = currState
+
+      if (currShowIncomingTransactions === prevShowIncomingTransactions) {
+        return
+      }
+
+      if (prevShowIncomingTransactions && !currShowIncomingTransactions) {
+        this.stop()
+        return
+      }
+
+      this.start()
+    }))
+
+    this.preferencesController.store.subscribe(pairwise(async (prevState, currState) => {
+      const { selectedAddress: prevSelectedAddress } = prevState
+      const { selectedAddress: currSelectedAddress } = currState
+
+      if (currSelectedAddress === prevSelectedAddress) {
+        return
+      }
+
+      await this._update({
+        address: currSelectedAddress,
+      })
+    }))
+
     this.networkController.on('networkDidChange', async (newType) => {
       const address = this.preferencesController.getSelectedAddress()
       await this._update({
@@ -63,14 +92,16 @@ class IncomingTransactionsController {
         networkType: newType,
       })
     })
-    this.preferencesController.store.subscribe(async ({ selectedAddress }) => {
-      await this._update({
-        address: selectedAddress,
-      })
-    })
   }
 
   start () {
+    const { featureFlags = {} } = this.preferencesController.store.getState()
+    const { showIncomingTransactions } = featureFlags
+
+    if (!showIncomingTransactions) {
+      return
+    }
+
     this.blockTracker.removeListener('latest', this._onLatestBlock)
     this.blockTracker.addListener('latest', this._onLatestBlock)
   }
@@ -234,3 +265,20 @@ class IncomingTransactionsController {
 }
 
 module.exports = IncomingTransactionsController
+
+function pairwise (fn) {
+  let first = true
+  let cache
+  return (value) => {
+    try {
+      if (first) {
+        first = false
+        return fn(value, value)
+      } else {
+        return fn(cache, value)
+      }
+    } finally {
+      cache = value
+    }
+  }
+}
diff --git a/app/scripts/controllers/preferences.js b/app/scripts/controllers/preferences.js
index f02708d40..4ed3afb6c 100644
--- a/app/scripts/controllers/preferences.js
+++ b/app/scripts/controllers/preferences.js
@@ -41,6 +41,7 @@ class PreferencesController {
       // for convenient testing of pre-release features, and should never
       // perform sensitive operations.
       featureFlags: {
+        showIncomingTransactions: true,
       },
       knownMethodData: {},
       participateInMetaMetrics: null,
diff --git a/test/data/mock-state.json b/test/data/mock-state.json
index ed25b0abe..0be365249 100644
--- a/test/data/mock-state.json
+++ b/test/data/mock-state.json
@@ -1,5 +1,8 @@
 {
   "metamask": {
+    "featureFlags": {
+      "showIncomingTransactions": true
+    },
     "network": "4",
     "identities": {
       "0x0dcd5d886577d5081b0c52e242ef29e70be3e7bc": {
diff --git a/test/unit/app/controllers/incoming-transactions-test.js b/test/unit/app/controllers/incoming-transactions-test.js
index e77c83a3d..0f8385af2 100644
--- a/test/unit/app/controllers/incoming-transactions-test.js
+++ b/test/unit/app/controllers/incoming-transactions-test.js
@@ -63,6 +63,11 @@ describe('IncomingTransactionsController', () => {
   const MOCK_PREFERENCES_CONTROLLER = {
     getSelectedAddress: sinon.stub().returns('0x0101'),
     store: {
+      getState: sinon.stub().returns({
+        featureFlags: {
+          showIncomingTransactions: true,
+        },
+      }),
       subscribe: sinon.spy(),
     },
   }
diff --git a/ui/app/pages/settings/security-tab/security-tab.component.js b/ui/app/pages/settings/security-tab/security-tab.component.js
index 600ec7069..117010d0f 100644
--- a/ui/app/pages/settings/security-tab/security-tab.component.js
+++ b/ui/app/pages/settings/security-tab/security-tab.component.js
@@ -18,6 +18,8 @@ export default class SecurityTab extends PureComponent {
     mobileSync: PropTypes.bool,
     participateInMetaMetrics: PropTypes.bool,
     setParticipateInMetaMetrics: PropTypes.func,
+    showIncomingTransactions: PropTypes.bool,
+    setShowIncomingTransactionsFeatureFlag: PropTypes.func,
   }
 
   renderSeedWords () {
@@ -80,6 +82,32 @@ export default class SecurityTab extends PureComponent {
     )
   }
 
+  renderIncomingTransactionsOptIn () {
+    const { t } = this.context
+    const { showIncomingTransactions, setShowIncomingTransactionsFeatureFlag } = this.props
+
+    return (
+      <div className="settings-page__content-row">
+        <div className="settings-page__content-item">
+          <span>{ t('showIncomingTransactions') }</span>
+          <div className="settings-page__content-description">
+            { t('showIncomingTransactionsDescription') }
+          </div>
+        </div>
+        <div className="settings-page__content-item">
+          <div className="settings-page__content-item-col">
+            <ToggleButton
+              value={showIncomingTransactions}
+              onToggle={value => setShowIncomingTransactionsFeatureFlag(!value)}
+              offLabel={t('off')}
+              onLabel={t('on')}
+            />
+          </div>
+        </div>
+      </div>
+    )
+  }
+
   renderContent () {
     const { warning } = this.props
 
@@ -87,6 +115,7 @@ export default class SecurityTab extends PureComponent {
       <div className="settings-page__body">
         { warning && <div className="settings-tab__error">{ warning }</div> }
         { this.renderSeedWords() }
+        { this.renderIncomingTransactionsOptIn() }
         { this.renderMetaMetricsOptIn() }
       </div>
     )
diff --git a/ui/app/pages/settings/security-tab/security-tab.container.js b/ui/app/pages/settings/security-tab/security-tab.container.js
index fe79d86af..35375ebf5 100644
--- a/ui/app/pages/settings/security-tab/security-tab.container.js
+++ b/ui/app/pages/settings/security-tab/security-tab.container.js
@@ -5,17 +5,22 @@ import { withRouter } from 'react-router-dom'
 import {
   displayWarning,
   revealSeedConfirmation,
+  setFeatureFlag,
   setParticipateInMetaMetrics,
 } from '../../../store/actions'
 
 const mapStateToProps = state => {
   const { appState: { warning }, metamask } = state
   const {
+    featureFlags: {
+      showIncomingTransactions,
+    } = {},
     participateInMetaMetrics,
   } = metamask
 
   return {
     warning,
+    showIncomingTransactions,
     participateInMetaMetrics,
   }
 }
@@ -25,6 +30,7 @@ const mapDispatchToProps = dispatch => {
     displayWarning: warning => dispatch(displayWarning(warning)),
     revealSeedConfirmation: () => dispatch(revealSeedConfirmation()),
     setParticipateInMetaMetrics: (val) => dispatch(setParticipateInMetaMetrics(val)),
+    setShowIncomingTransactionsFeatureFlag: shouldShow => dispatch(setFeatureFlag('showIncomingTransactions', shouldShow)),
   }
 }
 
diff --git a/ui/app/selectors/transactions.js b/ui/app/selectors/transactions.js
index d52170c34..2a6a92ddf 100644
--- a/ui/app/selectors/transactions.js
+++ b/ui/app/selectors/transactions.js
@@ -16,6 +16,11 @@ import txHelper from '../../lib/tx-helper'
 export const shapeShiftTxListSelector = state => state.metamask.shapeShiftTxList
 
 export const incomingTxListSelector = state => {
+  const { showIncomingTransactions } = state.metamask.featureFlags
+  if (!showIncomingTransactions) {
+    return []
+  }
+
   const network = state.metamask.network
   const selectedAddress = state.metamask.selectedAddress
   return Object.values(state.metamask.incomingTransactions)