We all have heard about the hacks on many exchanges with millions
of dollars being lost. Despite this many exchanges still haven't improved their security.
ICOratings.com published a list of exchanges according to their security score.
- Coinbase pro has scored the highest with 89/100
- Okcoin.cn is placed at the bottom with a score of 15/100.
Hacks are a major feature of this modern world,even world powers most times have hackers all day prying into their system,thats why they spend millions to prevent a breach of their system,with that being said it'll be almost impossible to successfully hack into the system of a world power like the United States of America,it wouldn't be as difficult for some 3rd world nations..
That being said its also applicable in the cryptocurrency sphere,why put all your investment in OKCoin with 15/100 security Score,youre only inviting trouble as it's obvious they don't spend as much money on security as coinbase with over 90/100 security score
Being shrewd with your investments is very vital,as diversification is always key,but make sure your investments are in exchanges that has a "beast like" bullet proof security.[/list]