We model simultaneous type-I and type-II phase matching in a single non-linear crystal (NLC), based on a double periodically poled lithium niobate crystal. We also discuss entanglement based continuous variable quantum key distribution (CV-QKD), and the security of such scheme is analyzed considering an eavesdropper being capable of individual attacks. We further demonstrate efficiency of the artificial neural network (ANN) algorithm during post-processing or errors correction in such CV-QKD protocols. Results show that employing simultaneous type-I and type-II SPDC process in single NLC is a potential source to generate high dimensional (or hyper-entangled) states, strongly required for quantum information processing tasks, an example of CV-QKD. Security analysis of such a CV-QKD protocol shows a strong advantage of employing the above entangled photon state source, given that it provides a higher secure key rate and thus a secure communication within a larger distance. In addition, the suggested error correction algorithm is less time consuming and highly efficient, since full synchronization is achieved just after a few number of updates of trusted parties’ tree-parity-machines. Our results sufficiently demonstrate that the suggested CV-QKD is able to distribute secure keys in nearby inter-city areas, and therefore allows lower-cost secure communication networks.