Here's a very interesting question I was asked about exchanging BTC for XMR:
“If I exchange it with Cake, is it atomic? Is it visible when I bought my KYC BTC or whatever?”
Many people don't know this
👇
No, it is not atomic. Cake Wallet uses centralized swap providers (like ChangeNOW), not trustless smart contracts.
Regarding visibility: Yes, it is linkable. Since you used KYC BTC, the transaction to the swap service is tied to your identity. Because CAKE is on a transparent blockchain (BSC), chain analysis can correlate the timing and amounts to link your KYC identity to your new CAKE address. It does not provide true anonymity.
LiberLion
npub1wp…hzs7p
2026-01-14 14:04:20 UTC
Author Public Key
npub1wpzpvzfkn4m754fasp0wnt6ck20ycww4kz9nj4n5rquu9ul7a0xq4hzs7pPublished at
2026-01-14 14:04:20 UTCEvent JSON
{
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"pubkey": "70441609369d77ea553d805ee9af58b29e4c39d5b08b3956741839c2f3feebcc",
"created_at": 1768399460,
"kind": 1,
"tags": [
[
"r",
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"write"
],
[
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"content": "Here's a very interesting question I was asked about exchanging BTC for XMR: \n“If I exchange it with Cake, is it atomic? Is it visible when I bought my KYC BTC or whatever?”\n\nMany people don't know this \n👇\n\nNo, it is not atomic. Cake Wallet uses centralized swap providers (like ChangeNOW), not trustless smart contracts.\n\nRegarding visibility: Yes, it is linkable. Since you used KYC BTC, the transaction to the swap service is tied to your identity. Because CAKE is on a transparent blockchain (BSC), chain analysis can correlate the timing and amounts to link your KYC identity to your new CAKE address. It does not provide true anonymity.",
"sig": "d725b75b7bc203dbb860efd7938189ae50680c4f6e81b20880dad6e588948c00a7eae2d470b88dbebbc7ccb46880c622777e88800801df73139c2b4b97203e11"
}