Mistaking identity and malicious activities are potentially the most threatening act of today’s times when entire world has become virtual and every transaction – message or money is no longer through the physical exchange but over the internet. The phishing is on the money by which they try to get access to an individual’s account and make transactions in his/her name without authorization and suddenly the account holder is left flabbergasted by the huge amount which had been deducted from his account without his information. Sadly this attack is untraceable and the possibility of the person to be zeroed down is unlikely in most of the cases. <br/> In these hard times when the individuals are attacked virtually, cryptocurrency is a boon for the users of online services. It’s ability to remain virtual and decoded by the person makes it the need of the hour. The first of its kind is Bitcoin an invention of Satoshi Nakamoto in the year 2008. In a layman’s term we can call