Security is of paramount importance when dealing with digital assets. Not everybody has the technical knowhow or time to figure out setting up cold wallets so most casual crypto traders use exchanges.
A cybersecurity firm has recently published a report ranking the security of online cryptocurrency exchanges. Group-IB used the means of assessing insurance risk as the primary criteria according to reports. Using these metrics alone Kraken came out on top and OKEx, Huobi Pro, and CoinCheck deemed the riskiest.