diff --git a/homeassistant/components/mikrotik/__init__.py b/homeassistant/components/mikrotik/__init__.py
index 9b533288d86..c3f21658d21 100644
--- a/homeassistant/components/mikrotik/__init__.py
+++ b/homeassistant/components/mikrotik/__init__.py
@@ -2,8 +2,9 @@
 import logging
 import ssl
 
-import librouteros
-from librouteros.login import login_plain, login_token
+from librouteros import connect
+from librouteros.exceptions import LibRouterosError
+from librouteros.login import plain as login_plain, token as login_token
 import voluptuous as vol
 
 from homeassistant.components.device_tracker import DOMAIN as DEVICE_TRACKER
@@ -82,11 +83,9 @@ def setup(hass, config):
                 port = MTK_DEFAULT_API_PORT
 
         if login == MTK_LOGIN_PLAIN:
-            login_method = (login_plain,)
-        elif login == MTK_LOGIN_TOKEN:
-            login_method = (login_token,)
+            login_method = login_plain
         else:
-            login_method = (login_plain, login_token)
+            login_method = login_token
 
         try:
             api = MikrotikClient(
@@ -94,11 +93,7 @@ def setup(hass, config):
             )
             api.connect_to_device()
             hass.data[DOMAIN][HOSTS][host] = {"config": device, "api": api}
-        except (
-            librouteros.exceptions.TrapError,
-            librouteros.exceptions.MultiTrapError,
-            librouteros.exceptions.ConnectionError,
-        ) as api_error:
+        except LibRouterosError as api_error:
             _LOGGER.error("Mikrotik %s error %s", host, api_error)
             continue
 
@@ -148,15 +143,9 @@ class MikrotikClient:
             kwargs["ssl_wrapper"] = self._ssl_wrapper
 
         try:
-            self._client = librouteros.connect(
-                self._host, self._user, self._password, **kwargs
-            )
+            self._client = connect(self._host, self._user, self._password, **kwargs)
             self._connected = True
-        except (
-            librouteros.exceptions.TrapError,
-            librouteros.exceptions.MultiTrapError,
-            librouteros.exceptions.ConnectionError,
-        ) as api_error:
+        except LibRouterosError as api_error:
             _LOGGER.error("Mikrotik %s: %s", self._host, api_error)
             self._client = None
             return False
@@ -184,14 +173,7 @@ class MikrotikClient:
                 response = self._client(cmd=cmd, **params)
             else:
                 response = self._client(cmd=cmd)
-        except (librouteros.exceptions.ConnectionError,) as api_error:
-            _LOGGER.error("Mikrotik %s connection error %s", self._host, api_error)
-            self.connect_to_device()
-            return None
-        except (
-            librouteros.exceptions.TrapError,
-            librouteros.exceptions.MultiTrapError,
-        ) as api_error:
+        except LibRouterosError as api_error:
             _LOGGER.error(
                 "Mikrotik %s failed to retrieve data. cmd=[%s] Error: %s",
                 self._host,
diff --git a/homeassistant/components/mikrotik/manifest.json b/homeassistant/components/mikrotik/manifest.json
index 1f5bcf8163f..932df2edd29 100644
--- a/homeassistant/components/mikrotik/manifest.json
+++ b/homeassistant/components/mikrotik/manifest.json
@@ -2,7 +2,7 @@
   "domain": "mikrotik",
   "name": "MikroTik",
   "documentation": "https://www.home-assistant.io/integrations/mikrotik",
-  "requirements": ["librouteros==2.3.0"],
+  "requirements": ["librouteros==3.0.0"],
   "dependencies": [],
   "codeowners": []
 }
diff --git a/requirements_all.txt b/requirements_all.txt
index 55c6f72b6b6..d0bc384d14b 100644
--- a/requirements_all.txt
+++ b/requirements_all.txt
@@ -775,7 +775,7 @@ libpyfoscam==1.0
 libpyvivotek==0.4.0
 
 # homeassistant.components.mikrotik
-librouteros==2.3.0
+librouteros==3.0.0
 
 # homeassistant.components.soundtouch
 libsoundtouch==0.7.2