diff --git a/electrum/ecc.py b/electrum/ecc.py
index 299f84365..b28759f76 100644
--- a/electrum/ecc.py
+++ b/electrum/ecc.py
@@ -35,7 +35,8 @@ from .util import bfh, assert_bytes, to_bytes, InvalidPassword, profiler, randra
 from .crypto import (sha256, sha256d, aes_encrypt_with_iv, aes_decrypt_with_iv, hmac_oneshot)
 from . import constants
 from .logging import get_logger
-from .ecc_fast import _libsecp256k1, SECP256K1_EC_UNCOMPRESSED
+from . import ecc_fast
+from .ecc_fast import _libsecp256k1, SECP256K1_EC_UNCOMPRESSED, LibModuleMissing
 
 _logger = get_logger(__name__)
 
@@ -251,6 +252,10 @@ class ECPubkey(object):
 
     def _to_libsecp256k1_xonly_pubkey_ptr(self):
         """pointer to `secp256k1_xonly_pubkey` C struct"""
+        if not ecc_fast.HAS_SCHNORR:
+            raise LibModuleMissing(
+                'libsecp256k1 library found but it was built '
+                'without required modules (--enable-module-schnorrsig --enable-module-extrakeys)')
         pubkey = create_string_buffer(64)
         pk_bytes = self.get_public_key_bytes(compressed=True)[1:]
         ret = _libsecp256k1.secp256k1_xonly_pubkey_parse(
@@ -359,6 +364,10 @@ class ECPubkey(object):
         assert len(sig64) == 64, len(sig64)
         assert isinstance(msg32, bytes), type(msg32)
         assert len(msg32) == 32, len(msg32)
+        if not ecc_fast.HAS_SCHNORR:
+            raise LibModuleMissing(
+                'libsecp256k1 library found but it was built '
+                'without required modules (--enable-module-schnorrsig --enable-module-extrakeys)')
         msglen = 32
         pubkey = self._to_libsecp256k1_xonly_pubkey_ptr()
         if 1 != _libsecp256k1.secp256k1_schnorrsig_verify(_libsecp256k1.ctx, sig64, msg32, msglen, pubkey):
@@ -534,6 +543,10 @@ class ECPrivkey(ECPubkey):
             aux_rand32 = bytes(32)
         assert isinstance(aux_rand32, bytes), type(aux_rand32)
         assert len(aux_rand32) == 32, len(aux_rand32)
+        if not ecc_fast.HAS_SCHNORR:
+            raise LibModuleMissing(
+                'libsecp256k1 library found but it was built '
+                'without required modules (--enable-module-schnorrsig --enable-module-extrakeys)')
         # construct "keypair" obj
         privkey_bytes = self.secret_scalar.to_bytes(32, byteorder="big")
         keypair = create_string_buffer(96)
diff --git a/electrum/ecc_fast.py b/electrum/ecc_fast.py
index 1730cc263..b4ba9f8fe 100644
--- a/electrum/ecc_fast.py
+++ b/electrum/ecc_fast.py
@@ -42,6 +42,8 @@ class LibModuleMissing(Exception): pass
 
 
 def load_library():
+    global HAS_SCHNORR
+
     # note: for a mapping between bitcoin-core/secp256k1 git tags and .so.V libtool version numbers,
     #       see https://github.com/bitcoin-core/secp256k1/pull/1055#issuecomment-1227505189
     tested_libversions = [2, 1, 0, ]  # try latest version first
@@ -140,8 +142,10 @@ def load_library():
             secp256k1.secp256k1_schnorrsig_verify.argtypes = [c_void_p, c_char_p, c_char_p, c_size_t, c_char_p]
             secp256k1.secp256k1_schnorrsig_verify.restype = c_int
         except (OSError, AttributeError):
-            raise LibModuleMissing('libsecp256k1 library found but it was built '
-                                   'without required module (--enable-module-schnorrsig)')
+            _logger.warning(f"libsecp256k1 library found but it was built without desired module (--enable-module-schnorrsig)")
+            HAS_SCHNORR = False
+            # raise LibModuleMissing('libsecp256k1 library found but it was built '
+            #                        'without required module (--enable-module-schnorrsig)')
 
         # --enable-module-extrakeys
         try:
@@ -154,8 +158,10 @@ def load_library():
             secp256k1.secp256k1_keypair_create.argtypes = [c_void_p, c_char_p, c_char_p]
             secp256k1.secp256k1_keypair_create.restype = c_int
         except (OSError, AttributeError):
-            raise LibModuleMissing('libsecp256k1 library found but it was built '
-                                   'without required module (--enable-module-extrakeys)')
+            _logger.warning(f"libsecp256k1 library found but it was built without desired module (--enable-module-extrakeys)")
+            HAS_SCHNORR = False
+            # raise LibModuleMissing('libsecp256k1 library found but it was built '
+            #                        'without required module (--enable-module-extrakeys)')
 
         secp256k1.ctx = secp256k1.secp256k1_context_create(SECP256K1_CONTEXT_SIGN | SECP256K1_CONTEXT_VERIFY)
         ret = secp256k1.secp256k1_context_randomize(secp256k1.ctx, os.urandom(32))
@@ -170,6 +176,7 @@ def load_library():
 
 
 _libsecp256k1 = None
+HAS_SCHNORR = True
 try:
     _libsecp256k1 = load_library()
 except BaseException as e: