diff --git a/freqtrade/plugins/pairlist/PrecisionFilter.py b/freqtrade/plugins/pairlist/PrecisionFilter.py
index 521f38635..dcd153d8e 100644
--- a/freqtrade/plugins/pairlist/PrecisionFilter.py
+++ b/freqtrade/plugins/pairlist/PrecisionFilter.py
@@ -51,6 +51,11 @@ class PrecisionFilter(IPairList):
         :param ticker: ticker dict as returned from ccxt.fetch_tickers()
         :return: True if the pair can stay, false if it should be removed
         """
+        if ticker.get('last', None) is None:
+            self.log_once(f"Removed {ticker['symbol']} from whitelist, because "
+                          "ticker['last'] is empty (Usually no trade in the last 24h).",
+                          logger.info)
+            return False
         stop_price = ticker['last'] * self._stoploss
 
         # Adjust stop-prices to precision
diff --git a/tests/plugins/test_pairlist.py b/tests/plugins/test_pairlist.py
index 5974bee89..48a0f81cb 100644
--- a/tests/plugins/test_pairlist.py
+++ b/tests/plugins/test_pairlist.py
@@ -366,6 +366,9 @@ def test_VolumePairList_refresh_empty(mocker, markets_empty, whitelist_conf):
     ([{"method": "VolumePairList", "number_assets": 5, "sort_key": "quoteVolume"},
       {"method": "PrecisionFilter"}],
      "BTC", ['ETH/BTC', 'TKN/BTC', 'LTC/BTC', 'XRP/BTC']),
+    ([{"method": "VolumePairList", "number_assets": 5, "sort_key": "quoteVolume"},
+      {"method": "PrecisionFilter"}],
+     "USDT", ['ETH/USDT', 'NANO/USDT']),
     # PriceFilter and VolumePairList
     ([{"method": "VolumePairList", "number_assets": 5, "sort_key": "quoteVolume"},
       {"method": "PriceFilter", "low_price_ratio": 0.03}],