diff --git a/electrum/gui/qt/main_window.py b/electrum/gui/qt/main_window.py
index cc692ba73..6c568fe09 100644
--- a/electrum/gui/qt/main_window.py
+++ b/electrum/gui/qt/main_window.py
@@ -99,7 +99,7 @@ from .channels_list import ChannelsList
 from .confirm_tx_dialog import ConfirmTxDialog
 from .rbf_dialog import BumpFeeDialog, DSCancelDialog
 from .qrreader import scan_qrcode
-from .swap_dialog import SwapDialog
+from .swap_dialog import SwapDialog, InvalidSwapParameters
 from .balance_dialog import BalanceToolButton, COLOR_FROZEN, COLOR_UNMATURED, COLOR_UNCONFIRMED, COLOR_CONFIRMED, COLOR_LIGHTNING, COLOR_FROZEN_LIGHTNING
 
 if TYPE_CHECKING:
@@ -1126,7 +1126,11 @@ class ElectrumWindow(QMainWindow, MessageBoxMixin, Logger, QtEventListener):
             self.show_error(str(e))
             return
         d = SwapDialog(self, is_reverse=is_reverse, recv_amount_sat=recv_amount_sat, channels=channels)
-        return d.run()
+        try:
+            return d.run()
+        except InvalidSwapParameters as e:
+            self.show_error(str(e))
+            return
 
     @qt_event_listener
     def on_event_request_status(self, wallet, key, status):
diff --git a/electrum/gui/qt/swap_dialog.py b/electrum/gui/qt/swap_dialog.py
index 4f52756c6..a4686032c 100644
--- a/electrum/gui/qt/swap_dialog.py
+++ b/electrum/gui/qt/swap_dialog.py
@@ -20,17 +20,18 @@ from .my_treeview import create_toolbar_with_menu
 if TYPE_CHECKING:
     from .main_window import ElectrumWindow
 
-CANNOT_RECEIVE_WARNING = """
-The requested amount is higher than what you can receive in your currently open channels.
+CANNOT_RECEIVE_WARNING = _(
+"""The requested amount is higher than what you can receive in your currently open channels.
 If you continue, your funds will be locked until the remote server can find a path to pay you.
 If the swap cannot be performed after 24h, you will be refunded.
-Do you want to continue?
-"""
+Do you want to continue?"""
+)
 
 
-class SwapDialog(WindowModalDialog, QtEventListener):
+class InvalidSwapParameters(Exception): pass
+
 
-    tx: Optional[PartialTransaction]
+class SwapDialog(WindowModalDialog, QtEventListener):
 
     def __init__(self, window: 'ElectrumWindow', is_reverse=None, recv_amount_sat=None, channels=None):
         WindowModalDialog.__init__(self, window, _('Submarine Swap'))
@@ -231,7 +232,7 @@ class SwapDialog(WindowModalDialog, QtEventListener):
         self.server_fee_label.repaint()  # macOS hack for #6269
         self.needs_tx_update = True
 
-    def update_fee(self, tx):
+    def update_fee(self, tx: Optional[PartialTransaction]) -> None:
         """Updates self.fee_label. No other side-effects."""
         if self.is_reverse:
             sm = self.swap_manager
@@ -243,6 +244,7 @@ class SwapDialog(WindowModalDialog, QtEventListener):
         self.fee_label.repaint()  # macOS hack for #6269
 
     def run(self):
+        """Can raise InvalidSwapParameters."""
         if not self.exec_():
             return
         if self.is_reverse:
@@ -273,24 +275,23 @@ class SwapDialog(WindowModalDialog, QtEventListener):
             return
         is_max = self.max_button.isChecked()
         if is_max:
-            tx = self._create_tx('!')
+            tx = self._create_tx_safe('!')
             self._spend_max_forward_swap(tx)
         else:
             onchain_amount = self.send_amount_e.get_amount()
-            tx = self._create_tx(onchain_amount)
+            tx = self._create_tx_safe(onchain_amount)
         self.update_fee(tx)
 
-    def _create_tx(self, onchain_amount: Union[int, str, None]) -> Optional[PartialTransaction]:
-        if self.is_reverse:
-            return
+    def _create_tx(self, onchain_amount: Union[int, str, None]) -> PartialTransaction:
+        assert not self.is_reverse
         if onchain_amount is None:
-            return
+            raise InvalidSwapParameters("onchain_amount is None")
         coins = self.window.get_coins()
         if onchain_amount == '!':
             max_amount = sum(c.value_sats() for c in coins)
             max_swap_amount = self.swap_manager.max_amount_forward_swap()
             if max_swap_amount is None:
-                return None
+                raise InvalidSwapParameters("swap_manager.max_amount_forward_swap() is None")
             if max_amount > max_swap_amount:
                 onchain_amount = max_swap_amount
         outputs = [PartialTxOutput.from_address_and_value(ln_dummy_address(), onchain_amount)]
@@ -299,9 +300,15 @@ class SwapDialog(WindowModalDialog, QtEventListener):
                 coins=coins,
                 outputs=outputs)
         except (NotEnoughFunds, NoDynamicFeeEstimates) as e:
-            return
+            raise InvalidSwapParameters(str(e)) from e
         return tx
 
+    def _create_tx_safe(self, onchain_amount: Union[int, str, None]) -> Optional[PartialTransaction]:
+        try:
+            return self._create_tx(onchain_amount=onchain_amount)
+        except InvalidSwapParameters:
+            return None
+
     def update_ok_button(self):
         """Updates self.ok_button. No other side-effects."""
         send_amount = self.send_amount_e.get_amount()