diff --git a/src/logic/tokens/store/actions/loadActiveTokens.ts b/src/logic/tokens/store/actions/loadActiveTokens.ts
index c384bd4e..7b4ae61b 100644
--- a/src/logic/tokens/store/actions/loadActiveTokens.ts
+++ b/src/logic/tokens/store/actions/loadActiveTokens.ts
@@ -7,7 +7,7 @@ import { getActiveTokens } from 'src/logic/tokens/utils/tokensStorage'
 
 const loadActiveTokens = () => async (dispatch) => {
   try {
-    const tokens = await getActiveTokens()
+    const tokens = (await getActiveTokens()) || {}
     // The filter of strings was made because of the issue #751. Please see: https://github.com/gnosis/safe-react/pull/755#issuecomment-612969340
     const tokenRecordsList = List(
       Object.values(tokens)
diff --git a/src/logic/tokens/store/actions/removeToken.ts b/src/logic/tokens/store/actions/removeToken.ts
deleted file mode 100644
index d6aab7bc..00000000
--- a/src/logic/tokens/store/actions/removeToken.ts
+++ /dev/null
@@ -1,19 +0,0 @@
-import { createAction } from 'redux-actions'
-
-import { removeFromActiveTokens, removeTokenFromStorage } from 'src/logic/tokens/utils/tokensStorage'
-
-export const REMOVE_TOKEN = 'REMOVE_TOKEN'
-
-export const removeToken = createAction(REMOVE_TOKEN, (safeAddress, token) => ({
-  safeAddress,
-  token,
-}))
-
-const deleteToken = (safeAddress, token) => async (dispatch) => {
-  dispatch(removeToken(safeAddress, token))
-
-  await removeFromActiveTokens(safeAddress, token)
-  await removeTokenFromStorage(safeAddress, token)
-}
-
-export default deleteToken
diff --git a/src/logic/tokens/store/reducer/tokens.ts b/src/logic/tokens/store/reducer/tokens.ts
index 418da6b0..50dc1def 100644
--- a/src/logic/tokens/store/reducer/tokens.ts
+++ b/src/logic/tokens/store/reducer/tokens.ts
@@ -2,7 +2,6 @@ import { Map } from 'immutable'
 import { handleActions } from 'redux-actions'
 
 import { ADD_TOKEN } from 'src/logic/tokens/store/actions/addToken'
-import { REMOVE_TOKEN } from 'src/logic/tokens/store/actions/removeToken'
 import { ADD_TOKENS } from 'src/logic/tokens/store/actions/saveTokens'
 import { makeToken } from 'src/logic/tokens/store/model/token'
 
@@ -27,12 +26,6 @@ export default handleActions(
 
       return state.set(tokenAddress, makeToken(token))
     },
-    [REMOVE_TOKEN]: (state, action) => {
-      const { token } = action.payload
-      const { address: tokenAddress } = token
-
-      return state.remove(tokenAddress)
-    },
   },
   Map(),
 )
diff --git a/src/logic/tokens/utils/tokensStorage.ts b/src/logic/tokens/utils/tokensStorage.ts
index c34d7c04..1b9f7970 100644
--- a/src/logic/tokens/utils/tokensStorage.ts
+++ b/src/logic/tokens/utils/tokensStorage.ts
@@ -1,6 +1,7 @@
-import { List } from 'immutable'
+import { Map } from 'immutable'
 
 import { loadFromStorage, saveToStorage } from 'src/utils/storage'
+import { TokenProps, Token } from './../store/model/token'
 
 export const ACTIVE_TOKENS_KEY = 'ACTIVE_TOKENS'
 export const CUSTOM_TOKENS_KEY = 'CUSTOM_TOKENS'
@@ -9,7 +10,7 @@ export const CUSTOM_TOKENS_KEY = 'CUSTOM_TOKENS'
 // to avoid iterating a large amount of data of tokens from the backend
 // Custom tokens should be saved too unless they're deleted (marking them as inactive doesn't count)
 
-export const saveActiveTokens = async (tokens) => {
+export const saveActiveTokens = async (tokens: Map<string, Token>): Promise<void> => {
   try {
     await saveToStorage(ACTIVE_TOKENS_KEY, tokens.toJS())
   } catch (err) {
@@ -17,34 +18,8 @@ export const saveActiveTokens = async (tokens) => {
   }
 }
 
-export const getActiveTokens = async () => {
-  const data = await loadFromStorage(ACTIVE_TOKENS_KEY)
+export const getActiveTokens = async (): Promise<Record<string, TokenProps> | undefined> => {
+  const data = await loadFromStorage<Record<string, TokenProps>>(ACTIVE_TOKENS_KEY)
 
-  return data || {}
-}
-
-export const getCustomTokens = async () => {
-  const data = await loadFromStorage(CUSTOM_TOKENS_KEY)
-
-  return data ? List(data) : List()
-}
-
-export const removeTokenFromStorage = async (safeAddress, token) => {
-  const data = await getCustomTokens()
-
-  try {
-    const index = data.indexOf(token)
-    await saveToStorage(CUSTOM_TOKENS_KEY, data.remove(index))
-  } catch (err) {
-    console.error('Error removing token in localstorage', err)
-  }
-}
-
-export const removeFromActiveTokens = async (safeAddress, token) => {
-  const activeTokens = await getActiveTokens()
-  const index = activeTokens.findIndex((activeToken) => activeToken.name === token.name)
-
-  if (index !== -1) {
-    await saveActiveTokens(safeAddress)
-  }
+  return data
 }