Last Updated on February 11, 2022
While custodial wallet companies, such as Kucoin and Coinbase, do have insurance or emergency funds for hacks and loss, they are NOT obligated by law to pay you back your losses in the same way banks can by using the Federal Deposit Insurance Corporation (FDIC).
The best way to keep your assets safe is with a hardware wallet like Ledger, and for tracking your movement, you can connect it to an application such as Delta.