In a large mixing bowl, combine the shredded cabbage, grated carrots, sliced red bell pepper, sliced cucumber, chopped green onions, and chopped cilantro.

In a separate bowl, whisk together the peanut butter, soy sauce, honey, rice vinegar, sesame oil, minced garlic, and water until smooth.

Pour the peanut dressing over the salad and toss to combine. Garnish with chopped peanuts before serving.