diff --git a/app/code/Magento/Checkout/view/frontend/web/js/view/billing-address.js b/app/code/Magento/Checkout/view/frontend/web/js/view/billing-address.js
index 6f9a1a46826da..d68b0682eb511 100644
--- a/app/code/Magento/Checkout/view/frontend/web/js/view/billing-address.js
+++ b/app/code/Magento/Checkout/view/frontend/web/js/view/billing-address.js
@@ -202,6 +202,13 @@ function (
             }
         },
 
+        /**
+         * Manage cancel button visibility
+         */
+        canUseCancelBillingAddress: ko.computed(function () {
+            return quote.billingAddress() || lastSelectedBillingAddress;
+        }),
+
         /**
          * Restore billing address
          */
diff --git a/app/code/Magento/Checkout/view/frontend/web/template/billing-address.html b/app/code/Magento/Checkout/view/frontend/web/template/billing-address.html
index 5f735fbb4daa9..63edb5057b933 100644
--- a/app/code/Magento/Checkout/view/frontend/web/template/billing-address.html
+++ b/app/code/Magento/Checkout/view/frontend/web/template/billing-address.html
@@ -22,7 +22,7 @@
                 <button class="action action-update" type="button" data-bind="click: updateAddress">
                     <span data-bind="i18n: 'Update'"></span>
                 </button>
-                <button class="action action-cancel" type="button" data-bind="click: cancelAddressEdit">
+                <button class="action action-cancel" type="button" data-bind="click: cancelAddressEdit, visible: canUseCancelBillingAddress()">
                     <span data-bind="i18n: 'Cancel'"></span>
                 </button>
             </div>