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Dogecoin Use and Exchanges


Several online exchanges offer DOGE/BTC and DOGE/LTC  trading. Three exchanges, Mengmengbi, Bter and BTC38, offer DOGE/CNY trading. On January 8, 2014, AltQuick.co was the first exchange to launch DOGE/USD exchange. On January 30, 2014, Canada-based exchange Vault of Satoshi also announced DOGE/USD and DOGE/CAD trading. On February 2014, Hong Kong-based exchange Asia Nexgen announced that they would support the trading of Dogecoins in all major currencies. China-based exchange BTC38 also added their support on the Dogecoin exchange, boosting the market capitalization over 24 hours. In the first day of trading, Dogecoin was the second-most traded currency on the platform, after BTC. On September 2014, UK-based exchange Yacuna began offering DOGE/EUR and DOGE/GBP trading.


On January 31, 2014, trading volume across the major exchanges was valued at $1.05 million USD. The market cap was USD$60 million. Three exchanges accounted for the majority of volume: Bter (60%), Cryptsy (23%), and Vircurex (10%). The most traded currency pairs were DOGE/BTC (50%), DOGE/CNY (44%) and DOGE/LTC (6%).


Trading physical, tangible items in exchange for DOGE takes place on online communities such as Reddit and Twitter, where users frequently share currency-related information.[65] On December 23, 2013, Tristan Winters of the online journal Bitcoin Magazine discussed what was needed for Dogecoin to replace bitcoin.


The first Dogecoin ATM was demoed at Coinfest in Vancouver in February 2014.[68] Two bitcoin ATMs supporting Dogecoins and other altcoins opened in Tijuana, Mexico on March 17, 2014.


Dogecoin has also been used to try sell a house, and has been used in the pornography and poker industries.


Weather forecasting mobile app, web application, and website Doge Weather's creators Katia Eirin and Bennett Wong request tips in Dogecoin to maintain their website.


Dogetipbot is a cryptocurrency transaction service used on popular sites like Reddit and Twitch.tv. It allows users to send Dogecoins to other users through commands via Reddit comments; support for Twitch.tv and Twitter has been discontinued. The service was launched in 2013 on Reddit. The trademark "dogetipbot" was officially registered on August 19, 2014. In November 2014, the developer team behind dogetipbot raised $445,000 in venture capital funding.


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