diff --git a/cmd/config/config.go b/cmd/config/config.go
index 0f3e29d482a..7b774bc5a78 100644
--- a/cmd/config/config.go
+++ b/cmd/config/config.go
@@ -1,7 +1,7 @@
 package main
 
 import (
-	"errors"
+	"context"
 	"flag"
 	"fmt"
 	"os"
@@ -11,9 +11,10 @@ import (
 	"github.com/buger/jsonparser"
 	"github.com/thrasher-corp/gocryptotrader/common/file"
 	"github.com/thrasher-corp/gocryptotrader/config"
+	"github.com/thrasher-corp/gocryptotrader/config/versions"
 )
 
-var commands = []string{"upgrade", "encrypt", "decrypt"}
+var commands = []string{"upgrade", "downgrade", "encrypt", "decrypt"}
 
 func main() {
 	fmt.Println("GoCryptoTrader: config-helper tool")
@@ -22,6 +23,7 @@ func main() {
 
 	var in, out, keyStr string
 	var inplace bool
+	var version int
 
 	fs := flag.NewFlagSet("config", flag.ExitOnError)
 	fs.Usage = func() { usage(fs) }
@@ -29,6 +31,7 @@ func main() {
 	fs.StringVar(&out, "out", "[in].out", "The config output file")
 	fs.BoolVar(&inplace, "edit", false, "Edit; Save result to the original file")
 	fs.StringVar(&keyStr, "key", "", "The key to use for AES encryption")
+	fs.IntVar(&version, "version", 0, "The version to downgrade to")
 
 	cmd, args := parseCommand(os.Args[1:])
 	if cmd == "" {
@@ -46,83 +49,59 @@ func main() {
 		out = in + ".out"
 	}
 
-	key := []byte(keyStr)
 	var err error
-	switch cmd {
-	case "upgrade":
-		err = upgradeFile(in, out, key)
-	case "decrypt":
-		err = encryptWrapper(in, out, key, false, decryptFile)
-	case "encrypt":
-		err = encryptWrapper(in, out, key, true, encryptFile)
-	}
+	key := []byte(keyStr)
+	data := readFile(in)
+	isEncrypted := config.IsEncrypted(data)
 
-	if err != nil {
-		fatal(err.Error())
+	if cmd == "encrypt" && isEncrypted {
+		fatal("Error: File is already encrypted")
 	}
 
-	fmt.Println("Success! File written to " + out)
-}
-
-func upgradeFile(in, out string, key []byte) error {
-	c := &config.Config{
-		EncryptionKeyProvider: func(_ bool) ([]byte, error) {
-			if len(key) != 0 {
-				return key, nil
-			}
-			return config.PromptForConfigKey(false)
-		},
+	if len(key) == 0 && (isEncrypted || cmd == "encrypt") {
+		if key, err = config.PromptForConfigKey(cmd == "encrypt"); err != nil {
+			fatal(err.Error())
+		}
 	}
 
-	if err := c.ReadConfigFromFile(in, true); err != nil {
-		return err
+	if isEncrypted {
+		if data, err = config.DecryptConfigData(data, key); err != nil {
+			fatal(err.Error())
+		}
 	}
 
-	return c.SaveConfigToFile(out)
-}
-
-type encryptFunc func(string, []byte) ([]byte, error)
-
-func encryptWrapper(in, out string, key []byte, confirmKey bool, fn encryptFunc) error {
-	if len(key) == 0 {
-		var err error
-		if key, err = config.PromptForConfigKey(confirmKey); err != nil {
-			return err
+	switch cmd {
+	case "decrypt":
+		if data, err = jsonparser.Set(data, []byte("-1"), "encryptConfig"); err != nil {
+			fatal("Unable to decrypt config data; Error: " + err.Error())
+		}
+	case "downgrade", "upgrade":
+		if version == 0 {
+			if cmd == "downgrade" {
+				fmt.Fprintln(os.Stderr, "Error: downgrade requires a version")
+				usage(fs)
+				os.Exit(3)
+			}
+			version = -1
+		}
+		if data, err = versions.Manager.Deploy(context.Background(), data, version); err != nil {
+			fatal("Unable to " + cmd + " config; Error: " + err.Error())
+		}
+		if !isEncrypted {
+			break
+		}
+		fallthrough
+	case "encrypt":
+		if data, err = config.EncryptConfigData(data, key); err != nil {
+			fatal("Unable to encrypt config data; Error: " + err.Error())
 		}
 	}
-	outData, err := fn(in, key)
-	if err != nil {
-		return err
-	}
-	if err := file.Write(out, outData); err != nil {
-		return fmt.Errorf("unable to write output file %s; Error: %w", out, err)
-	}
-	return nil
-}
 
-func encryptFile(in string, key []byte) ([]byte, error) {
-	if config.IsFileEncrypted(in) {
-		return nil, errors.New("file is already encrypted")
-	}
-	outData, err := config.EncryptConfigFile(readFile(in), key)
-	if err != nil {
-		return nil, fmt.Errorf("unable to encrypt config data. Error: %w", err)
+	if err := file.Write(out, data); err != nil {
+		fatal("Unable to write output file `" + out + "`; Error: " + err.Error())
 	}
-	return outData, nil
-}
 
-func decryptFile(in string, key []byte) ([]byte, error) {
-	if !config.IsFileEncrypted(in) {
-		return nil, errors.New("file is already decrypted")
-	}
-	outData, err := config.DecryptConfigFile(readFile(in), key)
-	if err != nil {
-		return nil, fmt.Errorf("unable to decrypt config data. Error: %w", err)
-	}
-	if outData, err = jsonparser.Set(outData, []byte("-1"), "encryptConfig"); err != nil {
-		return nil, fmt.Errorf("unable to decrypt config data. Error: %w", err)
-	}
-	return outData, nil
+	fmt.Println("Success! File written to " + out)
 }
 
 func readFile(in string) []byte {
@@ -152,7 +131,7 @@ func parseCommand(a []string) (cmd string, args []string) {
 	switch len(cmds) {
 	case 0:
 		fmt.Fprintln(os.Stderr, "No command provided")
-	case 1: //
+	case 1:
 		return cmds[0], rem
 	default:
 		fmt.Fprintln(os.Stderr, "Too many commands provided: "+strings.Join(cmds, ", "))
@@ -171,6 +150,7 @@ The commands are:
 	encrypt 	encrypt infile and write to outfile
 	decrypt 	decrypt infile and write to outfile
 	upgrade 	upgrade the version of a decrypted config file
+	downgrade 	downgrade the version of a decrypted config file to a specific version
 
 The arguments are:`)
 	fs.PrintDefaults()
diff --git a/config/config.go b/config/config.go
index edb08abfd4d..ad2cba8fcdc 100644
--- a/config/config.go
+++ b/config/config.go
@@ -1512,7 +1512,7 @@ func (c *Config) readConfig(d io.Reader) error {
 		}
 	}
 
-	if j, err = versions.Manager.Deploy(context.Background(), j); err != nil {
+	if j, err = versions.Manager.Deploy(context.Background(), j, -1); err != nil {
 		return err
 	}
 
diff --git a/config/versions/versions.go b/config/versions/versions.go
index 13db0d7fcf6..ae66a6f47e6 100644
--- a/config/versions/versions.go
+++ b/config/versions/versions.go
@@ -13,9 +13,11 @@ package versions
 import (
 	"bytes"
 	"context"
+	"encoding/json"
 	"errors"
 	"fmt"
 	"log"
+	"os"
 	"slices"
 	"strconv"
 	"sync"
@@ -30,6 +32,8 @@ var (
 	errModifyingExchange   = errors.New("error modifying exchange config")
 	errNoVersions          = errors.New("error retrieving latest config version: No config versions are registered")
 	errApplyingVersion     = errors.New("error applying version")
+	errConfigVersion       = errors.New("version in config file is higher than the latest available version")
+	errTargetVersion       = errors.New("target downgrade version is higher than the latest available version")
 )
 
 // ConfigVersion is a version that affects the general configuration
@@ -55,16 +59,23 @@ type manager struct {
 var Manager = &manager{}
 
 // Deploy upgrades or downgrades the config between versions
-func (m *manager) Deploy(ctx context.Context, j []byte) ([]byte, error) {
+// version param -1 defaults to the latest version
+// Prints an error an exits if the config file version or version param is not registered
+func (m *manager) Deploy(ctx context.Context, j []byte, version int) ([]byte, error) {
 	if err := m.checkVersions(); err != nil {
 		return j, err
 	}
 
-	target, err := m.latest()
+	latest, err := m.latest()
 	if err != nil {
 		return j, err
 	}
 
+	target := latest
+	if version != -1 {
+		target = version
+	}
+
 	m.m.RLock()
 	defer m.m.RUnlock()
 
@@ -77,47 +88,61 @@ func (m *manager) Deploy(ctx context.Context, j []byte) ([]byte, error) {
 		return j, fmt.Errorf("%w `version`: %w", common.ErrGettingField, err)
 	case target == current:
 		return j, nil
+	case latest < current:
+		warnVersionNotRegistered(current, latest, errConfigVersion)
+		return j, errConfigVersion
+	case target > latest:
+		warnVersionNotRegistered(target, latest, errTargetVersion)
+		return j, errTargetVersion
 	}
 
 	for current != target {
-		next := current + 1
-		action := "upgrade"
+		patchVersion := current + 1
+		action := "upgrade to"
 		configMethod := ConfigVersion.UpgradeConfig
 		exchMethod := ExchangeVersion.UpgradeExchange
 
 		if target < current {
-			next = current - 1
-			action = "downgrade"
+			patchVersion = current
+			action = "downgrade from"
 			configMethod = ConfigVersion.DowngradeConfig
 			exchMethod = ExchangeVersion.DowngradeExchange
 		}
 
-		log.Printf("Running %s to config version %v\n", action, next)
+		log.Printf("Running %s config version %v\n", action, patchVersion)
 
-		patch := m.versions[next]
+		patch := m.versions[patchVersion]
 
 		if cPatch, ok := patch.(ConfigVersion); ok {
 			if j, err = configMethod(cPatch, ctx, j); err != nil {
-				return j, fmt.Errorf("%w %s to %v: %w", errApplyingVersion, action, next, err)
+				return j, fmt.Errorf("%w %s %v: %w", errApplyingVersion, action, patchVersion, err)
 			}
 		}
 
 		if ePatch, ok := patch.(ExchangeVersion); ok {
 			if j, err = exchangeDeploy(ctx, ePatch, exchMethod, j); err != nil {
-				return j, fmt.Errorf("%w %s to %v: %w", errApplyingVersion, action, next, err)
+				return j, fmt.Errorf("%w %s %v: %w", errApplyingVersion, action, patchVersion, err)
 			}
 		}
 
-		current = next
+		current = patchVersion
+		if target < current {
+			current = patchVersion - 1
+		}
 
 		if j, err = jsonparser.Set(j, []byte(strconv.Itoa(current)), "version"); err != nil {
-			return j, fmt.Errorf("%w `version` during %s to %v: %w", common.ErrSettingField, action, next, err)
+			return j, fmt.Errorf("%w `version` during %s %v: %w", common.ErrSettingField, action, patchVersion, err)
 		}
 	}
 
+	var out bytes.Buffer
+	if err = json.Indent(&out, j, "", " "); err != nil {
+		return j, fmt.Errorf("error formatting json: %w", err)
+	}
+
 	log.Println("Version management finished")
 
-	return j, nil
+	return out.Bytes(), nil
 }
 
 func exchangeDeploy(ctx context.Context, patch ExchangeVersion, method func(ExchangeVersion, context.Context, []byte) ([]byte, error), j []byte) ([]byte, error) {
@@ -196,3 +221,11 @@ func (m *manager) checkVersions() error {
 	}
 	return nil
 }
+
+func warnVersionNotRegistered(current, latest int, msg error) {
+	fmt.Fprintf(os.Stderr, `
+%s ('%d' > '%d')
+Switch back to the version of GoCryptoTrader containing config version '%d' and run:
+$ ./cmd/config downgrade %d 
+`, msg, current, latest, current, latest)
+}
diff --git a/config/versions/versions_test.go b/config/versions/versions_test.go
index 7c7473a8774..63608174a93 100644
--- a/config/versions/versions_test.go
+++ b/config/versions/versions_test.go
@@ -13,47 +13,56 @@ import (
 func TestDeploy(t *testing.T) {
 	t.Parallel()
 	m := manager{}
-	_, err := m.Deploy(context.Background(), []byte(``))
+	_, err := m.Deploy(context.Background(), []byte(``), -1)
 	assert.ErrorIs(t, err, errNoVersions)
 
 	m.registerVersion(1, &TestVersion1{})
-	_, err = m.Deploy(context.Background(), []byte(``))
+	_, err = m.Deploy(context.Background(), []byte(``), -1)
 	require.ErrorIs(t, err, errVersionIncompatible)
 
 	m = manager{}
 
 	m.registerVersion(0, &Version0{})
-	_, err = m.Deploy(context.Background(), []byte(`not an object`))
+	_, err = m.Deploy(context.Background(), []byte(`not an object`), -1)
 	require.ErrorIs(t, err, jsonparser.KeyPathNotFoundError, "Must throw the correct error trying to add version to bad json")
 	require.ErrorIs(t, err, common.ErrSettingField, "Must throw the correct error trying to add version to bad json")
 	require.ErrorContains(t, err, "version", "Must throw the correct error trying to add version to bad json")
 
-	_, err = m.Deploy(context.Background(), []byte(`{"version":"not an int"}`))
+	_, err = m.Deploy(context.Background(), []byte(`{"version":"not an int"}`), -1)
 	require.ErrorIs(t, err, common.ErrGettingField, "Must throw the correct error trying to get version from bad json")
 
 	in := []byte(`{"version":0,"exchanges":[{"name":"Juan"}]}`)
-	j, err := m.Deploy(context.Background(), in)
+	j, err := m.Deploy(context.Background(), in, -1)
 	require.NoError(t, err)
-	require.Equal(t, string(in), string(j))
+	assert.Equal(t, string(in), string(j))
 
 	m.registerVersion(1, &Version1{})
-	j, err = m.Deploy(context.Background(), in)
+	j, err = m.Deploy(context.Background(), in, -1)
 	require.NoError(t, err)
-	require.Contains(t, string(j), `"version":1`)
+	assert.Contains(t, string(j), `"version": 1`)
 
-	m.versions = m.versions[:1]
-	j, err = m.Deploy(context.Background(), j)
-	require.NoError(t, err)
-	require.Contains(t, string(j), `"version":0`)
+	_, err = m.Deploy(context.Background(), j, 2)
+	assert.ErrorIs(t, err, errTargetVersion, "Downgrade to a unregistered version should not be allowed")
 
-	m.versions = append(m.versions, &TestVersion2{ConfigErr: true, ExchErr: false}) // Bit hacky, but this will actually work
-	_, err = m.Deploy(context.Background(), j)
+	m.versions = append(m.versions, &TestVersion2{ConfigErr: true, ExchErr: false})
+	_, err = m.Deploy(context.Background(), j, -1)
 	require.ErrorIs(t, err, errUpgrade)
 
-	m.versions[1] = &TestVersion2{ConfigErr: false, ExchErr: true}
-	_, err = m.Deploy(context.Background(), in)
+	m.versions[len(m.versions)-1] = &TestVersion2{ConfigErr: false, ExchErr: true}
+	_, err = m.Deploy(context.Background(), in, -1)
 	require.Implements(t, (*ExchangeVersion)(nil), m.versions[1])
 	require.ErrorIs(t, err, errUpgrade)
+
+	j2, err := m.Deploy(context.Background(), j, 0)
+	require.NoError(t, err)
+	assert.Contains(t, string(j2), `"version": 0`, "Explicit downgrade should work correctly")
+
+	m.versions = m.versions[:1]
+	_, err = m.Deploy(context.Background(), j, -1)
+	assert.ErrorIs(t, err, errConfigVersion, "Config version ahead of latest version should error")
+
+	_, err = m.Deploy(context.Background(), j, 0)
+	assert.ErrorIs(t, err, errConfigVersion, "Config version ahead of latest version should error")
 }
 
 // TestExchangeDeploy exercises exchangeDeploy
@@ -61,7 +70,7 @@ func TestDeploy(t *testing.T) {
 func TestExchangeDeploy(t *testing.T) {
 	t.Parallel()
 	m := manager{}
-	_, err := m.Deploy(context.Background(), []byte(``))
+	_, err := m.Deploy(context.Background(), []byte(``), -1)
 	assert.ErrorIs(t, err, errNoVersions)
 
 	v := &TestVersion2{}