Replying to Avatar LiberLion

Yes, Cake Wallet is a hot wallet since it is connected to the internet and allows easy sending and receiving of funds.

It is a self-custody wallet, meaning the user has full control over their private keys and seed, without relying on third parties.

Cake Wallet does not store private keys in the cloud. The keys and seed are stored locally on the user's device. However, the user can manually back up their seed in a secure location.
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Garth Algar 9mo ago

Then why does @openmonero say cake knows the key?

Because they suggest them to you and he means that you should be able to “dice” them yourself for it to be really self custodial?

Or how was it meant?

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LiberLion 9mo ago

DYOR

Cake Wallet is self-custodial