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-
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-
The first Dogecoin ATM was demoed at Coinfest in Vancouver in February 2014. 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.