Legal
Risk Disclosure Statement
KIMEL.Exchange · Last updated: July 11, 2026
This Risk Disclosure Statement describes some general key risks to which virtual currencies are subject. Please note that this Statement cannot comprehensively disclose all possible risks of dealing with virtual currencies. Kindly read this document carefully before exchanging virtual currencies at Kimel Exchange.
Digital Asset transactions (as defined in the Terms of Use) entail significant risk of financial loss. You should not use Digital Assets that you are not prepared to lose entirely.
This Statement discusses some of the principal risks of transactions with Digital Assets, but it does not and cannot describe every risk involved in holding, trading, exchanging, or engaging in any other Digital Asset transactions. This Statement forms a part of, and uses certain terms defined in, the Terms of Use.
Risks of Digital Asset transactions include, but are not limited to, the following:
1. High Price Volatility
The value of Digital Assets is derived entirely from market forces of supply and demand, and Digital Assets are much more volatile than most traditional fiat currencies and commodities. The value of a Digital Asset may change significantly even within the short period between the creation of an exchange and its completion.
2. Legal Risk
The legality of holding, trading, buying, or possessing Digital Assets may not be clear and may vary under the laws of different jurisdictions throughout the world. Whether and on what basis a Digital Asset constitutes property, an asset, or a right of any kind may differ from one jurisdiction to another. You are responsible for knowing and understanding how the laws applicable to you, your property, rights, or assets limit, regulate, and tax the Digital Assets you use.
3. Limited Supervision
Most virtual asset markets are not regulated or supervised by governmental authorities. There is no centralized authority or entity that can take measures to protect the value of a Digital Asset in a crisis or adjust its supply.
4. Irreversible Transactions
Due to the decentralized nature of blockchain networks, transactions with Digital Assets may be irreversible, and losses due to fraudulent or accidental transactions may not be recoverable. Kimel Exchange shall process only Digital Assets transferred, as part of a transaction made through the Website or API, to the deposit address indicated in the course of such transaction. Kimel Exchange bears no responsibility for any accidental transaction, including but not limited to any transfer to an incorrect or inactive wallet address, any transfer lacking a required destination tag or memo, or any transfer of an unsupported asset, even if such an address has been used for a previous transaction of the User. However, upon the User’s request, Kimel Exchange will make every reasonable effort to support Users in tracking an accidental transaction within six (6) months from the date of the transaction, and will use reasonable efforts to return such Digital Assets to the owner if technically possible. Claims submitted after the expiry of the indicated period shall be disregarded. All fees charged for return transactions shall be paid by the User.
5. Blockchain Forks
Some blockchain networks are powered by open-source software. When a modification to that software is released and a substantial majority of network participants consent to it, the change is implemented and the network continues uninterrupted. However, if a change is introduced with less than a substantial majority consenting, and the modification is not compatible with the pre-existing software, the result is a “fork” (a split) of the blockchain: one chain maintained by the pre-modification software and another by the post-modification software, operating in parallel but independently. Such forks have occurred in the past and may occur again, and may affect the viability or value of a Digital Asset. Where a fork occurs, Kimel Exchange may incidentally receive “split” Digital Assets (assets created as a result of the fork) from transactions not covered by the Terms of Use. Kimel Exchange shall not be responsible for such split assets (including their tracking, storage, return, or transfer) toward any User or other party. Nevertheless, upon the User’s request, Kimel Exchange will make every reasonable effort to support Users in tracking such split Digital Assets within six (6) months from the date of the fork, and will use reasonable efforts to transfer such assets to the owner if technically possible. Claims submitted after the expiry of the indicated period shall be disregarded. All fees charged for return transactions shall be paid by the User.
6. Dependence on the Internet
There are risks associated with using internet-based transaction execution software, including but not limited to failures of hardware and software. Kimel Exchange maintains an independent and secure ledger of all transactions to minimize loss, and maintains contingency plans to minimize the possibility of system failure; however, Kimel Exchange does not control signal power, reception, routing via the internet, the configuration of your equipment, or the reliability of your internet connection. The result of any such failure may be that your transaction is not executed according to your instructions or is not executed at all.
7. Unanticipated Risks
Digital Assets and blockchain technology are new technologies. In addition to the risks described above, there are other risks associated with the acquisition, storage, transfer, and use of Digital Assets, including risks that we may be unable to anticipate. Such risks may materialize as unanticipated variations or combinations of the risks described above.