diff --git a/.env.example b/.env.example
index f2dd056..c1506f5 100644
--- a/.env.example
+++ b/.env.example
@@ -8,12 +8,12 @@ CASHU_DIR=~/.cashu
 MINT_HOST=127.0.0.1
 MINT_PORT=3338
 
-# use builtin tor, this overrides SOCKS_HOST and SOCKS_PORT
+# use builtin tor, this overrides SOCKS_PROXY, HTTP_PROXY
 TOR=TRUE
 
-# use custom tor proxy, this will only work with TOR=false
-#SOCKS_HOST=localhost
-#SOCKS_PORT=9050
+# use custom proxy, this will only work with TOR=false
+#SOCKS_PROXY=socks5://localhost:9050
+#HTTP_PROXY=http://localhost:8088 
 
 # NOSTR
 # nostr private key to which to receive tokens to
diff --git a/cashu/core/settings.py b/cashu/core/settings.py
index 0e761f2..6d7616c 100644
--- a/cashu/core/settings.py
+++ b/cashu/core/settings.py
@@ -75,8 +75,10 @@ class MintInformation(CashuSettings):
 class WalletSettings(CashuSettings):
     lightning: bool = Field(default=True)
     tor: bool = Field(default=True)
-    socks_host: str = Field(default=None)
-    socks_port: int = Field(default=9050)
+    socks_host: str = Field(default=None)  # deprecated
+    socks_port: int = Field(default=9050)  # deprecated
+    socks_proxy: str = Field(default=None)
+    http_proxy: str = Field(default=None)
     mint_url: str = Field(default=None)
     mint_host: str = Field(default="8333.space")
     mint_port: int = Field(default=3338)
@@ -128,5 +130,9 @@ def startup_settings_tasks():
         else:
             settings.mint_url = f"https://{settings.mint_host}:{settings.mint_port}"
 
+    # backwards compatibility: set socks_proxy from socks_host and socks_port
+    if settings.socks_host and settings.socks_port:
+        settings.socks_proxy = f"socks5://{settings.socks_host}:{settings.socks_port}"
+
 
 startup_settings_tasks()
diff --git a/cashu/wallet/api/router.py b/cashu/wallet/api/router.py
index bc0b09b..fec9f61 100644
--- a/cashu/wallet/api/router.py
+++ b/cashu/wallet/api/router.py
@@ -405,10 +405,6 @@ async def info():
     else:
         nostr_public_key = None
         nostr_relays = []
-    if settings.socks_host:
-        socks_proxy = settings.socks_host + ":" + str(settings.socks_host)
-    else:
-        socks_proxy = None
     return InfoResponse(
         version=settings.version,
         wallet=wallet.name,
@@ -419,5 +415,5 @@ async def info():
         tor=settings.tor,
         nostr_public_key=nostr_public_key,
         nostr_relays=nostr_relays,
-        socks_proxy=socks_proxy,
+        socks_proxy=settings.socks_proxy,
     )
diff --git a/cashu/wallet/cli/cli.py b/cashu/wallet/cli/cli.py
index ff3bf94..b983534 100644
--- a/cashu/wallet/cli/cli.py
+++ b/cashu/wallet/cli/cli.py
@@ -642,8 +642,10 @@ async def info(ctx: Context, mint: bool):
             print(f"Nostr relays: {settings.nostr_relays}")
         except:
             print(f"Nostr: Error. Invalid key.")
-    if settings.socks_host:
-        print(f"Socks proxy: {settings.socks_host}:{settings.socks_port}")
+    if settings.socks_proxy:
+        print(f"Socks proxy: {settings.socks_proxy}")
+    if settings.http_proxy:
+        print(f"HTTP proxy: {settings.http_proxy}")
     print(f"Mint URL: {ctx.obj['HOST']}")
     if mint:
         wallet: Wallet = ctx.obj["WALLET"]
diff --git a/cashu/wallet/wallet.py b/cashu/wallet/wallet.py
index 6376650..91c8b2e 100644
--- a/cashu/wallet/wallet.py
+++ b/cashu/wallet/wallet.py
@@ -6,7 +6,7 @@ import secrets as scrts
 import time
 import uuid
 from itertools import groupby
-from typing import Dict, List, Optional, Tuple
+from typing import Dict, List, Optional, Tuple, Union
 
 import requests
 from loguru import logger
@@ -75,21 +75,22 @@ def async_set_requests(func):
         self.s.headers.update({"Client-version": settings.version})
         if settings.debug:
             self.s.verify = False
-        socks_host, socks_port = None, None
+
+        # set proxy
+        proxy_url: Union[str, None] = None
         if settings.tor and TorProxy().check_platform():
             self.tor = TorProxy(timeout=True)
             self.tor.run_daemon(verbose=True)
-            socks_host, socks_port = "localhost", 9050
-        else:
-            socks_host, socks_port = settings.socks_host, settings.socks_port
+            proxy_url = f"socks5://localhost:9050"
+        elif settings.socks_proxy:
+            proxy_url = f"socks5://{settings.socks_proxy}"
+        elif settings.http_proxy:
+            proxy_url = settings.http_proxy
+        if proxy_url:
+            self.s.proxies.update({"http": proxy_url})
+            self.s.proxies.update({"https": proxy_url})
 
-        if socks_host and socks_port:
-            proxies = {
-                "http": f"socks5://{socks_host}:{socks_port}",
-                "https": f"socks5://{socks_host}:{socks_port}",
-            }
-            self.s.proxies.update(proxies)
-            self.s.headers.update({"User-Agent": scrts.token_urlsafe(8)})
+        self.s.headers.update({"User-Agent": scrts.token_urlsafe(8)})
         return await func(self, *args, **kwargs)
 
     return wrapper