diff --git a/src/kernel/chainparams.cpp b/src/kernel/chainparams.cpp
index 9740c7c7cf398a..0a9b2e9a77e26e 100644
--- a/src/kernel/chainparams.cpp
+++ b/src/kernel/chainparams.cpp
@@ -146,8 +146,6 @@ class CMainParams : public CChainParams {
         base58Prefixes[SECRET_KEY] =     std::vector<unsigned char>(1,128);
         base58Prefixes[EXT_PUBLIC_KEY] = {0x04, 0x88, 0xB2, 0x1E};
         base58Prefixes[EXT_SECRET_KEY] = {0x04, 0x88, 0xAD, 0xE4};
-        base58Prefixes[SP_PUBLIC_KEY] = {0x22, 0x48, 0x2F, 0xFE}; //0x22482ffe
-        base58Prefixes[SP_SECRET_KEY] = {0x07, 0xC4, 0x5A, 0xB9, 0xEB}; //0x07c45ab9eb
 
         bech32_hrp = "bc";
         silent_payment_hrp = "sp";
@@ -255,8 +253,6 @@ class CTestNetParams : public CChainParams {
         base58Prefixes[SECRET_KEY] =     std::vector<unsigned char>(1,239);
         base58Prefixes[EXT_PUBLIC_KEY] = {0x04, 0x35, 0x87, 0xCF};
         base58Prefixes[EXT_SECRET_KEY] = {0x04, 0x35, 0x83, 0x94};
-        base58Prefixes[SP_PUBLIC_KEY] = {0x22, 0x48, 0x2F, 0xFE}; //0x22482ffe
-        base58Prefixes[SP_SECRET_KEY] = {0x07, 0xC4, 0x5A, 0xB9, 0xEB}; //0x07c45ab9eb
 
         bech32_hrp = "tb";
         silent_payment_hrp = "tsp";
@@ -395,8 +391,6 @@ class SigNetParams : public CChainParams {
         base58Prefixes[SECRET_KEY] =     std::vector<unsigned char>(1,239);
         base58Prefixes[EXT_PUBLIC_KEY] = {0x04, 0x35, 0x87, 0xCF};
         base58Prefixes[EXT_SECRET_KEY] = {0x04, 0x35, 0x83, 0x94};
-        base58Prefixes[SP_PUBLIC_KEY] = {0x22, 0x48, 0x2F, 0xFE}; //0x22482ffe
-        base58Prefixes[SP_SECRET_KEY] = {0x07, 0xC4, 0x5A, 0xB9, 0xEB}; //0x07c45ab9eb
 
         bech32_hrp = "tb";
         silent_payment_hrp = "tsp";
@@ -527,8 +521,6 @@ class CRegTestParams : public CChainParams
         base58Prefixes[SECRET_KEY] =     std::vector<unsigned char>(1,239);
         base58Prefixes[EXT_PUBLIC_KEY] = {0x04, 0x35, 0x87, 0xCF};
         base58Prefixes[EXT_SECRET_KEY] = {0x04, 0x35, 0x83, 0x94};
-        base58Prefixes[SP_PUBLIC_KEY] = {0x22, 0x48, 0x2F, 0xFE}; //0x22482ffe
-        base58Prefixes[SP_SECRET_KEY] = {0x07, 0xC4, 0x5A, 0xB9, 0xEB}; //0x07c45ab9eb
 
         bech32_hrp = "bcrt";
         silent_payment_hrp = "sprt";
diff --git a/src/kernel/chainparams.h b/src/kernel/chainparams.h
index 5cc6c5979b73ad..49f9165dadeb76 100644
--- a/src/kernel/chainparams.h
+++ b/src/kernel/chainparams.h
@@ -86,8 +86,6 @@ class CChainParams
         SECRET_KEY,
         EXT_PUBLIC_KEY,
         EXT_SECRET_KEY,
-        SP_PUBLIC_KEY,
-        SP_SECRET_KEY,
 
         MAX_BASE58_TYPES
     };
@@ -120,6 +118,7 @@ class CChainParams
     const std::vector<unsigned char>& Base58Prefix(Base58Type type) const { return base58Prefixes[type]; }
     const std::string& Bech32HRP() const { return bech32_hrp; }
     const std::string& SilentPaymentHRP() const { return silent_payment_hrp; }
+    const std::string SilentPaymentKeyHRP(bool is_public = true) const { return silent_payment_hrp + (is_public ? "pub" : "prv"); }
     const std::vector<uint8_t>& FixedSeeds() const { return vFixedSeeds; }
     const CCheckpointData& Checkpoints() const { return checkpointData; }
 
diff --git a/src/key_io.cpp b/src/key_io.cpp
index 3775c2d5436a05..fc5c6ec2cb39c2 100644
--- a/src/key_io.cpp
+++ b/src/key_io.cpp
@@ -329,48 +329,55 @@ std::string EncodeExtKey(const CExtKey& key)
 SpKey DecodeSpKey(const std::string& str)
 {
     SpKey key;
-    std::vector<unsigned char> data;
-    const std::vector<unsigned char>& prefix = Params().Base58Prefix(CChainParams::SP_SECRET_KEY);
-    if (DecodeBase58Check(str, data, prefix.size() + BIP352_SPKEY_SIZE)) {
-        if (data.size() == BIP352_SPKEY_SIZE + prefix.size() && std::equal(prefix.begin(), prefix.end(), data.begin())) {
-            key.Decode(data.data() + prefix.size());
-        }
+    auto result = bech32::Decode(str, bech32::CharLimit::SILENT_PAYMENTS);
+    bool isValid = result.encoding == bech32::Encoding::BECH32M && result.hrp == Params().SilentPaymentKeyHRP(false);
+    std::vector<unsigned char> data_out = {};
+    data_out.reserve(BIP352_SPKEY_SIZE);
+    isValid &= ConvertBits<5, 8, false>([&](unsigned char c) { data_out.push_back(c); }, result.data.begin(), result.data.end());
+    if (isValid) {
+        key.Decode(data_out.data());
     }
     return key;
 }
 
 std::string EncodeSpKey(const SpKey& key)
 {
-    std::vector<unsigned char> data = Params().Base58Prefix(CChainParams::SP_SECRET_KEY);
-    size_t size = data.size();
-    data.resize(size + BIP352_SPKEY_SIZE);
-    key.Encode(data.data() + size);
-    std::string ret = EncodeBase58Check(data);
+    std::vector<unsigned char> data(BIP352_SPKEY_SIZE);
+    key.Encode(data.data());
+    std::vector<unsigned char> data_out = {};
+    data_out.reserve(((BIP352_SPKEY_SIZE * 8) / 5)+1);
+    ConvertBits<8, 5, true>([&](unsigned char c) { data_out.push_back(c); }, data.begin(), data.end());
+    auto ret = bech32::Encode(bech32::Encoding::BECH32M, Params().SilentPaymentKeyHRP(false), data_out);
     memory_cleanse(data.data(), data.size());
+    memory_cleanse(data_out.data(), data_out.size());
     return ret;
 }
 
 SpPubKey DecodeSpPubKey(const std::string& str)
 {
     SpPubKey key;
-    std::vector<unsigned char> data;
-    const std::vector<unsigned char>& prefix = Params().Base58Prefix(CChainParams::SP_PUBLIC_KEY);
-    if (DecodeBase58Check(str, data, prefix.size() + BIP352_SPKEY_SIZE)) {
-        if (data.size() == BIP352_SPKEY_SIZE + prefix.size() && std::equal(prefix.begin(), prefix.end(), data.begin())) {
-            key.Decode(data.data() + prefix.size());
-        }
+    auto result = bech32::Decode(str, bech32::CharLimit::SILENT_PAYMENTS);
+    bool isValid = result.encoding == bech32::Encoding::BECH32M &&
+        result.hrp == Params().SilentPaymentKeyHRP();
+    std::vector<unsigned char> data_out = {};
+    data_out.reserve(BIP352_SPKEY_SIZE);
+    isValid &= ConvertBits<5, 8, false>([&](unsigned char c) { data_out.push_back(c); }, result.data.begin(), result.data.end());
+    if (isValid) {
+        key.Decode(data_out.data());
     }
     return key;
 }
 
 std::string EncodeSpPubKey(const SpPubKey& key)
 {
-    std::vector<unsigned char> data = Params().Base58Prefix(CChainParams::SP_PUBLIC_KEY);
-    size_t size = data.size();
-    data.resize(size + BIP352_SPKEY_SIZE);
-    key.Encode(data.data() + size);
-    std::string ret = EncodeBase58Check(data);
+    std::vector<unsigned char> data(BIP352_SPKEY_SIZE);
+    key.Encode(data.data());
+    std::vector<unsigned char> data_out = {};
+    data_out.reserve(((BIP352_SPKEY_SIZE * 8) / 5)+1);
+    ConvertBits<8, 5, true>([&](unsigned char c) { data_out.push_back(c); }, data.begin(), data.end());
+    auto ret = bech32::Encode(bech32::Encoding::BECH32M, Params().SilentPaymentKeyHRP(), data_out);
     memory_cleanse(data.data(), data.size());
+    memory_cleanse(data_out.data(), data_out.size());
     return ret;
 }