Bitcoin news: How to keep YOUR cryptocurrency safe from hackers and theft | City & Busin…

In a year where £840million ($1.1billion) of cryptocurrency has already been stolen, Express.co.uk exclusively reveals how best to keep to keep your crypto safe.

Cryptocurrency such as bitcoin is an entirely digital entity requiring an internet connection for any transaction.

According to Steven Russo, founder of digital security company Krypti, this connectedness makes bitcoin increasingly susceptible to hacking.

Mr Russo exclusively told Express.co.uk: “Blockchain itself is safe, but there are two vulnerabilities: the storage of keys and the transaction and use of the keys.

“Well over a billion dollars of cryptocurrency has already been stolen, so it’s a pretty solid statement to say exchanges are not secure.”

Bitcoin wallet keys are the most susceptible to theft because they give users access to their cryptocurrencies.

The latest in a string of brazen thefts saw £46million ($60million) of digital coins plundered from a Japanese exchange.

And in January 2018, more than 660,000…