This Red Velvet Cake Recipe creates a dramatic three-layer cake that's moist, tender and covered in cream cheese buttercream frosting. *NOTE: In order to achieve a nice tall cake, I used 8 inch by 3-inch cake pans, which are deep enough to bake thick layers. If you use 8-inch by 2-inch pans, you might have some left over batter. Just use it to make a few cupcakes!