diff --git a/README.md b/README.md
index eef192e..5789e76 100644
--- a/README.md
+++ b/README.md
@@ -378,11 +378,11 @@ To use standard colorschemes, clone the [colors](https://github.com/cointop-sh/c
 
 
 ```bash
-$ cd ~/.cointop
+$ cd ~/.config/cointop
 $ git clone git@github.com:cointop-sh/colors.git
 ```
 
-Then edit your config `~/.cointop/config.toml` and set the colorscheme you want to use:
+Then edit your config `~/.config/cointop/config.toml` and set the colorscheme you want to use:
 
 ```toml
 colorscheme = "<colorscheme>"
@@ -409,12 +409,12 @@ To create your own colorscheme; simply copy an existing [colorscheme](https://gi
 The first time you run cointop, it'll create a config file in:
 
 ```
-~/.cointop/config.toml
+~/.config/cointop/config.toml
 ```
 
 You can then configure the actions you want for each key:
 
-(default `~/.cointop/config.toml`)
+(default `~/.config/cointop/config.toml`)
 
 ```toml
 currency = "USD"
@@ -610,11 +610,13 @@ Frequently asked questions:
 
 - Q: How do I create a custom colorscheme?
 
-  - A: Copy an existing [colorscheme](https://github.com/cointop-sh/colors/blob/master/cointop.toml) to `~/.cointop/colors/` and customize the colors. Then run cointop with `--colorscheme <colorscheme>` to use the colorscheme.
+  - A: Copy an existing [colorscheme](https://github.com/cointop-sh/colors/blob/master/cointop.toml) to `~/.config/cointop/colors/` and customize the colors. Then run cointop with `--colorscheme <colorscheme>` to use the colorscheme.
 
 - Q: Where is the config file located?
 
-  - A: The default configuration file is located under `~/.cointop/config.toml`
+  - A: The default configuration file is located under `~/.config/cointop/config.toml`
+
+      Note: Previous version of cointop used `~/.cointop/config` or `~/.cointop/config.toml` as the default config filepath. Cointop will use those config filepaths respectively if they exist.
 
 - Q: What format is the configuration file in?
 
diff --git a/cmd/cointop.go b/cmd/cointop.go
index 7158931..58a8b73 100644
--- a/cmd/cointop.go
+++ b/cmd/cointop.go
@@ -1,6 +1,8 @@
 package cmd
 
 import (
+	"fmt"
+
 	"github.com/miguelmota/cointop/cointop"
 	"github.com/spf13/cobra"
 )
@@ -84,10 +86,10 @@ For more information, visit: https://github.com/miguelmota/cointop`,
 	rootCmd.Flags().BoolVarP(&hideStatusbar, "hide-statusbar", "", false, "Hide the bottom statusbar")
 	rootCmd.Flags().BoolVarP(&onlyTable, "only-table", "", false, "Show only the table. Hides the chart and top and bottom bars")
 	rootCmd.Flags().UintVarP(&refreshRate, "refresh-rate", "r", 60, "Refresh rate in seconds. Set to 0 to not auto-refresh")
-	rootCmd.Flags().StringVarP(&config, "config", "c", "", "Config filepath. (default ~/.cointop/config.toml)")
+	rootCmd.Flags().StringVarP(&config, "config", "c", "", fmt.Sprintf("Config filepath. (default %s)", cointop.DefaultConfigFilepath))
 	rootCmd.Flags().StringVarP(&cmcAPIKey, "coinmarketcap-api-key", "", "", "Set the CoinMarketCap API key")
 	rootCmd.Flags().StringVarP(&apiChoice, "api", "", cointop.CoinGecko, "API choice. Available choices are \"coinmarketcap\" and \"coingecko\"")
-	rootCmd.Flags().StringVarP(&colorscheme, "colorscheme", "", "", "Colorscheme to use (default \"cointop\"). To install standard themes, do:\n\ngit clone git@github.com:cointop-sh/colors.git ~/.cointop/colors\n\nFor additional instructions, visit: https://github.com/cointop-sh/colors")
+	rootCmd.Flags().StringVarP(&colorscheme, "colorscheme", "", "", "Colorscheme to use (default \"cointop\"). To install standard themes, do:\n\ngit clone git@github.com:cointop-sh/colors.git ~/.config/cointop/colors\n\nFor additional instructions, visit: https://github.com/cointop-sh/colors")
 
 	var versionCmd = &cobra.Command{
 		Use:   "version",
diff --git a/cointop/cointop.go b/cointop/cointop.go
index bff0ab8..9621799 100644
--- a/cointop/cointop.go
+++ b/cointop/cointop.go
@@ -5,7 +5,6 @@ import (
 	"fmt"
 	"io/ioutil"
 	"os"
-	"path/filepath"
 	"strings"
 	"sync"
 	"time"
@@ -138,15 +137,8 @@ type APIKeys struct {
 	cmc string
 }
 
-var defaultColorscheme = "cointop"
-
-func defaultConfigPath() (string, error) {
-	dir, err := os.UserConfigDir()
-	if err != nil {
-		return "", err
-	}
-	return filepath.Join(dir, "cointop", "config.toml"), nil
-}
+var DefaultColorscheme = "cointop"
+var DefaultConfigFilepath = "~/.config/cointop/config.toml"
 
 // NewCointop initializes cointop
 func NewCointop(config *Config) (*Cointop, error) {
@@ -155,16 +147,7 @@ func NewCointop(config *Config) (*Cointop, error) {
 		debug = true
 	}
 
-	configFilepath, err := defaultConfigPath()
-	if err != nil {
-		return nil, err
-	}
-
-	if config != nil {
-		if config.ConfigFilepath != "" {
-			configFilepath = config.ConfigFilepath
-		}
-	}
+	configFilepath := DefaultConfigFilepath
 
 	ct := &Cointop{
 		apiChoice:      CoinGecko,
@@ -214,7 +197,7 @@ func NewCointop(config *Config) (*Cointop, error) {
 		},
 	}
 
-	err = ct.setupConfig()
+	err := ct.setupConfig()
 	if err != nil {
 		return nil, err
 	}
diff --git a/cointop/config.go b/cointop/config.go
index f7495f4..54c73b6 100644
--- a/cointop/config.go
+++ b/cointop/config.go
@@ -67,20 +67,26 @@ func (ct *Cointop) setupConfig() error {
 
 func (ct *Cointop) createConfigIfNotExists() error {
 	ct.debuglog("createConfigIfNotExists()")
+
+	// NOTE: this is to support previous default config filepaths
+	previousDefaultConfigPaths := []string{
+		"~/.cointop/config",
+		"~/.cointop/config.toml",
+	}
+
+	for _, previousConfigFilepath := range previousDefaultConfigPaths {
+		normalizedPath := NormalizePath(previousConfigFilepath)
+		if _, err := os.Stat(normalizedPath); err == nil {
+			ct.configFilepath = normalizedPath
+			return nil
+		}
+	}
+
 	err := ct.makeConfigDir()
 	if err != nil {
 		return err
 	}
 
-	// NOTE: legacy support for default path
-	path := ct.configPath()
-	oldConfigPath := NormalizePath(strings.Replace(path, "cointop/config.toml", "cointop/config", 1))
-	if _, err := os.Stat(oldConfigPath); err == nil {
-		path = oldConfigPath
-		ct.configFilepath = oldConfigPath
-		return nil
-	}
-
 	err = ct.makeConfigFile()
 	if err != nil {
 		return err
@@ -304,7 +310,7 @@ func (ct *Cointop) getColorschemeColors() (map[string]interface{}, error) {
 	ct.debuglog("getColorschemeColors()")
 	var colors map[string]interface{}
 	if ct.colorschemeName == "" {
-		ct.colorschemeName = defaultColorscheme
+		ct.colorschemeName = DefaultColorscheme
 		if _, err := toml.Decode(DefaultColors, &colors); err != nil {
 			return nil, err
 		}
@@ -320,7 +326,7 @@ func (ct *Cointop) getColorschemeColors() (map[string]interface{}, error) {
 				return colors, nil
 			}
 
-			return nil, fmt.Errorf("The colorscheme file %q was not found.\n\nTo install standard themes, do:\n\ngit clone git@github.com:cointop-sh/colors.git ~/.cointop/colors\n\nFor additional instructions, visit: https://github.com/cointop-sh/colors", path)
+			return nil, fmt.Errorf("The colorscheme file %q was not found.\n\nTo install standard themes, do:\n\ngit clone git@github.com:cointop-sh/colors.git ~/.config/cointop/colors\n\nFor additional instructions, visit: https://github.com/cointop-sh/colors", path)
 		}
 
 		if _, err := toml.DecodeFile(path, &colors); err != nil {