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Since the launch of cryptocurrency in 2009, everyone wants to become part of the crypto business. Bitcoin (BTC) was the world’s first-ever digital currency and over 20,000 cryptocurrencies have been launched since then. The major reason behind this remarkable growth of the crypto world is to offer people a substitute for the existing banking system which is prone to multiple challenges. The banking system does not allow its users to enjoy financial freedom and the security of their wealth.