diff --git a/cmd/kaspawallet/daemon/server/address.go b/cmd/kaspawallet/daemon/server/address.go
index 188ba896b..fa49149b2 100644
--- a/cmd/kaspawallet/daemon/server/address.go
+++ b/cmd/kaspawallet/daemon/server/address.go
@@ -39,10 +39,10 @@ func (s *server) ShowAddresses(_ context.Context, request *pb.ShowAddressesReque
 	defer s.lock.Unlock()
 
 	if !s.isSynced() {
-		return nil, errors.New("server is not synced")
+		return nil, errors.Errorf("wallet daemon is not synced yet, %s", s.formatSyncStateReport())
 	}
 
-	addresses := make([]string, 0)
+	addresses := make([]string, s.keysFile.LastUsedExternalIndex())
 	for i := uint32(1); i <= s.keysFile.LastUsedExternalIndex(); i++ {
 		walletAddr := &walletAddress{
 			index:         i,
@@ -54,7 +54,7 @@ func (s *server) ShowAddresses(_ context.Context, request *pb.ShowAddressesReque
 		if err != nil {
 			return nil, err
 		}
-		addresses = append(addresses, address.String())
+		addresses[i-1] = address.String()
 	}
 
 	return &pb.ShowAddressesResponse{Address: addresses}, nil
@@ -65,7 +65,7 @@ func (s *server) NewAddress(_ context.Context, request *pb.NewAddressRequest) (*
 	defer s.lock.Unlock()
 
 	if !s.isSynced() {
-		return nil, errors.New("server is not synced")
+		return nil, errors.Errorf("wallet daemon is not synced yet, %s", s.formatSyncStateReport())
 	}
 
 	err := s.keysFile.SetLastUsedExternalIndex(s.keysFile.LastUsedExternalIndex() + 1)
diff --git a/cmd/kaspawallet/daemon/server/create_unsigned_transaction.go b/cmd/kaspawallet/daemon/server/create_unsigned_transaction.go
index b8eff58f1..265780c4a 100644
--- a/cmd/kaspawallet/daemon/server/create_unsigned_transaction.go
+++ b/cmd/kaspawallet/daemon/server/create_unsigned_transaction.go
@@ -30,7 +30,7 @@ func (s *server) CreateUnsignedTransactions(_ context.Context, request *pb.Creat
 
 func (s *server) createUnsignedTransactions(address string, amount uint64, fromAddressesString []string) ([][]byte, error) {
 	if !s.isSynced() {
-		return nil, errors.New("server is not synced")
+		return nil, errors.Errorf("wallet daemon is not synced yet, %s", s.formatSyncStateReport())
 	}
 
 	err := s.refreshUTXOs()
diff --git a/cmd/kaspawallet/daemon/server/external_spendable_utxos.go b/cmd/kaspawallet/daemon/server/external_spendable_utxos.go
index 2d0fe597a..15d94cd06 100644
--- a/cmd/kaspawallet/daemon/server/external_spendable_utxos.go
+++ b/cmd/kaspawallet/daemon/server/external_spendable_utxos.go
@@ -31,7 +31,6 @@ func (s *server) GetExternalSpendableUTXOs(_ context.Context, request *pb.GetExt
 }
 
 func (s *server) selectExternalSpendableUTXOs(externalUTXOs *appmessage.GetUTXOsByAddressesResponseMessage, address string) ([]*pb.UtxosByAddressesEntry, error) {
-
 	dagInfo, err := s.rpcClient.GetBlockDAGInfo()
 	if err != nil {
 		return nil, err
diff --git a/cmd/kaspawallet/daemon/server/sync.go b/cmd/kaspawallet/daemon/server/sync.go
index b5a6d062b..e546ecf0b 100644
--- a/cmd/kaspawallet/daemon/server/sync.go
+++ b/cmd/kaspawallet/daemon/server/sync.go
@@ -1,6 +1,7 @@
 package server
 
 import (
+	"fmt"
 	"sort"
 	"time"
 
@@ -101,10 +102,14 @@ func (s *server) collectFarAddresses() error {
 	return nil
 }
 
-func (s *server) maxUsedIndex() uint32 {
+func (s *server) maxUsedIndexWithLock() uint32 {
 	s.lock.RLock()
 	defer s.lock.RUnlock()
 
+	return s.maxUsedIndex()
+}
+
+func (s *server) maxUsedIndex() uint32 {
 	maxUsedIndex := s.keysFile.LastUsedExternalIndex()
 	if s.keysFile.LastUsedInternalIndex() > maxUsedIndex {
 		maxUsedIndex = s.keysFile.LastUsedInternalIndex()
@@ -122,10 +127,11 @@ func (s *server) collectRecentAddresses() error {
 	maxUsedIndex := uint32(0)
 	for ; index < maxUsedIndex+numIndexesToQueryForRecentAddresses; index += numIndexesToQueryForRecentAddresses {
 		err := s.collectAddressesWithLock(index, index+numIndexesToQueryForRecentAddresses)
+
 		if err != nil {
 			return err
 		}
-		maxUsedIndex = s.maxUsedIndex()
+		maxUsedIndex = s.maxUsedIndexWithLock()
 
 		s.updateSyncingProgressLog(index, maxUsedIndex)
 	}
@@ -275,7 +281,18 @@ func (s *server) refreshUTXOs() error {
 }
 
 func (s *server) isSynced() bool {
-	return s.nextSyncStartIndex > s.keysFile.LastUsedInternalIndex() && s.nextSyncStartIndex > s.keysFile.LastUsedExternalIndex()
+	return s.nextSyncStartIndex > s.maxUsedIndex()
+}
+
+func (s *server) formatSyncStateReport() string {
+	maxUsedIndex := s.maxUsedIndex()
+
+	if s.nextSyncStartIndex > maxUsedIndex {
+		maxUsedIndex = s.nextSyncStartIndex
+	}
+
+	return fmt.Sprintf("scanned %d out of %d addresses (%.2f%%)",
+		s.nextSyncStartIndex, maxUsedIndex, float64(s.nextSyncStartIndex)*100.0/float64(maxUsedIndex))
 }
 
 func (s *server) updateSyncingProgressLog(currProcessedAddresses, currMaxUsedAddresses uint32) {