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.
“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.
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