Converting Minted Veil Zerocoins to Basecoins

Currently, many exchanges and other services supporting the Veil Project cryptocurrency only accept deposits in the Basecoin format. This can be a bit frustrating at first as you've likely minted our autominted the coins in your wallet for the purpose of staking and increased privacy / anonymity. Luckily, converting and/or sending coins in the minted zerocoin format back to the basecoin format is very easy and can be done with little effort directly from the Veil wallet. For the purpose of this demonstration we will be using the windows version of the wallet available here

1. First we want to select the gear icon on the far right-hand side of the GUI wallet.
   

2. Next we want to click Advanced Options and then go to the console tab of the resulting debug window.
   

3. The command we want to use is spendzerocoin, as can be seen in the screenshot above. Full details of this command and the parameters accepted are included below. For our purpose all we need to know is the Basecoin address we would like to have our zerocoin minted Veil coins sent to.

spendzerocoin amount mintchange minimizechange securitylevel d( "address" denomination)

Spend zerocoin to a veil address.

Arguments:

1. amount (numeric, required) Amount to spend.
2. mintchange (boolean, required) Re-mint any leftover change.
3. minimizechange (boolean, required) Try to minimize the returning change [false]
4. securitylevel (numeric, required) Amount of checkpoints to add to the accumulator.
   A checkpoint contains 10 blocks worth of zerocoinmints.
   The more checkpoints that are added, the more untraceable the transaction.
   Use [100] to add the maximum amount of checkpoints available.
   Adding more checkpoints makes the minting process take longer
5. "address" (string, optional, default=change) Send to specified address or to a new change address.
   If there is change then an address is required
6. denomination (numeric, optional) Only select from a specific zerocoin denomination

1. Basecoin addresses start with the letters 'bv' If you do not have a basecoin address currently listed in your wallet's address book, or would like to generate a new basecoin address you can do so by executing the command getnewbasecoinaddress followed by a label. In the example below I create a new basecoin address with the label AllYourBaseCoinAreBelongToMe. The Veil wallet returns the basecoin address bv1qnndws6uk7esure7kdrgk0ck74fuq6uekng676x which we will use for the rest of this tutorial. Please be sure to generate your own address or replace it with the basecoin address of the exchange or service where you would like to send your funds. Unless you wish to donate.
   

2. Sending the coins: Now that we have our basecoin address and know where to input the spendzerocoin command, executing the command and sending our minted Veil coins is simple.

spendzerocoin <number of coins to send> false true 42 <basecoin address>
so to convert 300 minted Veil coins to basecoins, I need to execute the command above like so:
spendzerocoin 300 false true 42 bv1qnndws6uk7esure7kdrgk0ck74fuq6uekng676x

Once complete, we will see this transaction show up in the transactions tab of the main wallet GUI and reflected in our basecoin balance.

This process can also be used to remint zerocoins in different sized denominations for the purpose of staking. Please leave any questions, comments, feedback in the comments section below and upvote if you found this post of value to you.

Thanks

The Veil Project

PRIVACY WITHOUT COMPROMISE
Veil is the first Zerocoin-based cryptocurrency with always-on privacy.
OFFICIAL LINKS

Website https://veil-project.com/
Support Portal https://veil.freshdesk.com/
Newsletter https://mailchi.mp/protonmail/veil-news
BitcoinTalk Announcement https://bitcointalk.org/index.php?topic=5065331
BitcoinTalk Pre-Bounty Thread https://bitcointalk.org/index.php?topic=5065389
GitHub https://github.com/Veil-Project

Discord https://discord.veil-project.com/ or https://discord.gg//Ywyb9hs
Veil Project Telegram Group https://t.me/VEILProject
Veil Bounty Telegram Group https://t.me/VEILBounty
Veil Announcements Telegram Channel https://t.me/VEILAnnouncements

Reddit https://www.reddit.com/r/Veil/
Twitter https://twitter.com/projectveil
Facebook https://www.facebook.com/projectveil/
LinkedIn https://www.linkedin.com/company/project-veil/
Instagram https://www.instagram.com/veilproject/

*I am not directly affiliated with the Veil Project in any way. The opinions and guidance provided are based on a best-effort understanding but may contain errors, accidental omissions, or other misunderstandings. Always seek verification through official guidance from the Veil Project development team or project documentation where applicable to ensure the safety of your funds.