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Cove Review 2026

Telegram bot that trades memecoins on seventeen chains from one USDC balance with no bridging and sponsored gas, using Privy-secured wallets, limit orders, DCA ladders and auto TP/SL.

  • Platform: Telegram
  • Pricing: 1% fee
  • Networks: 17 networks

Cove review: quick verdict

Cove is a Telegram bot that trades tokens on seventeen chains from one USDC balance, with no manual bridging and gas sponsored up to $5 per transaction. It is designed for traders who work across many networks and want visual buy and sell panels rather than chat-only buttons.

Limit buys, take-profit and stop-loss orders, DCA ladders, auto TP/SL, guardrails and multi-account trading handle order management. Fees are 1% per trade on most chains with a $0.95 minimum on buys, a tiered 2% to 1% schedule on Ethereum and HyperEVM, and cashback of 25% to 50% by monthly volume. According to Cove's documentation, wallets are secured by Privy, can be exported, and signing access can be revoked. It has no copy trading, sniper, wallet tracking or alerts, and two-factor authentication is not described in the sources reviewed.

Best for

Traders who trade across many chains and want one balance, no bridging and visual trade panels inside Telegram.

Not ideal for

Traders who want copy trading, sniping or wallet tracking, who place very small trades where minimum fees bite, or who prefer a web or mobile app.

What is Cove?

Cove is a Telegram bot built around one idea: a single USDC balance that trades on any supported chain without manual bridging or gas tokens. It combines visual buy and sell panels, limit orders, DCA ladders and auto take-profit and stop-loss inside Telegram, with wallets secured by Privy.

Where most Telegram bots make you hold SOL for Solana and ETH for Base, Cove abstracts that away. You deposit USDC, SOL or any token, including memecoins, and Cove routes trades on seventeen networks: Solana, Ethereum, Base, BNB Chain, Arbitrum, MegaETH, Plasma, HyperEVM, Monad, Story, Robinhood Chain, Tempo, Stable, Ink, X Layer, Avalanche and Arc. Gas is sponsored up to $5 per trade, withdrawal or transfer; if a transaction would cost more, you approve the surplus. Card funding through MoonPay is available, minimum deposits are $1 on most chains and $25 on Ethereum.

Trading runs through Mini App panels rather than plain chat buttons: paste a contract address to open a buy panel, then manage the position with limit buys, take-profit and stop-loss orders, DCA ladders, guardrails, group buy and sell links, multi-account trading and shareable PnL cards. Cove also publishes deep links and an Agent MCP for builders. It does not offer copy trading, wallet tracking or alerts.

Fees are 1% per trade on most chains with a $0.95 minimum on buys, a tiered 2% to 1% schedule on Ethereum and HyperEVM, and a sliding scale on very small Solana sells. Cashback returns 25% to 50% of net fees depending on monthly volume, and referrals pay 25% to 50% of referred fees. Custody uses Privy: wallets live in isolated enclaves separate from the trading layer, you can export the wallet through a secure Mini App flow, and you can revoke Cove's signing access while keeping the wallet.

At a glance

Best for: Traders who trade across many chains and want one balance, no bridging and visual trade panels inside Telegram

Platforms
Telegram
Markets
Solana memecoins, Base, BNB Chain and Ethereum tokens, Tokens on Monad, HyperEVM, MegaETH and other EVM chains

Supported networks

  • Solana
  • Ethereum
  • Base
  • BNB Chain
  • Arbitrum
  • MegaETH
  • Plasma
  • HyperEVM
  • Monad
  • Story
  • Robinhood Chain
  • Tempo
  • Stable
  • Ink
  • X Layer
  • Avalanche
  • Arc

Capabilities

  • Automation
  • Risk controls
  • Limit orders
  • Key export
  • Public API
  • One USDC balance

Not documented: 2FA

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Cove features

Each feature below is described in Cove's official documentation or product pages. Features that could not be verified are left out.

  • One USDC balance, seventeen chains

    Deposit once and trade on Solana, Base, Ethereum, BNB Chain and thirteen more networks with no manual bridging or gas tokens.

  • Sponsored gas

    Cove covers up to $5 of gas per buy, sell, withdrawal or transfer; larger amounts require your approval.

  • Visual trade and position panels

    Mini App buy and sell panels with sorting, filtering and per-position controls instead of chat-only buttons.

  • Limit orders, DCA ladders and auto TP/SL

    Limit buys, take-profit and stop-loss orders, dollar-cost-average ladders and automatic TP/SL defaults on every position.

  • Guardrails and multi-account

    Configurable guardrails on trade size and behaviour, several Cove accounts with a designated primary, and group buy and sell links.

  • Privy wallets with export and revocation

    Wallets secured in isolated enclaves; export through a secure Mini App flow and revoke Cove's signing access at any time.

How Cove works

Cove is Telegram-only; panels open as Mini Apps inside the chat.

  1. 1

    Start the bot

    Open @cove_trading_bot and press Start. Cove creates Solana and EVM wallets secured by Privy.

  2. 2

    Deposit

    Send USDC, SOL or any token to the Solana, EVM or HyperEVM deposit address, or fund by card via MoonPay. Minimums are $1 on most chains and $25 on Ethereum.

  3. 3

    Trade

    Paste a contract address on any supported chain to open a buy panel. Cove handles routing and gas from your unified balance.

  4. 4

    Manage positions

    Use limit orders, DCA ladders, auto TP/SL and the positions panel; share PnL cards if you like.

  5. 5

    Withdraw or export

    Withdraw to any chain from Transfers, export the wallet through the secure Mini App flow, or revoke Cove's signing access in settings.

Cove pricing and fees

Cove charges 1% per trade on most chains with a $0.95 minimum on buys, a tiered 2% to 1% on Ethereum and HyperEVM, sponsors up to $5 of gas per transaction and returns 25% to 50% of net fees as monthly cashback.

Subscription

None

Buys (Solana, Base, BNB and most chains)

1% above $95; $0.95 minimum below

Minimum buy $1.

Sells (most chains)

1% flat

Solana sells between $2.50 and $25 use a sliding scale from 10% down to 1%; minimum Solana sell $2.50.

Ethereum and HyperEVM

2% under $500, 1.5% to $2,500, 1% above

$1.90 minimum on buys; sells 1.5% under $2,500 and 1% above.

Gas

Sponsored up to $5 per transaction

Applies to buys, sells, withdrawals and transfers; you approve any surplus.

Cashback

25% to 50% of net fees

Silver 25% under $10K monthly volume up to Master 50% at $10M+; net fee is Cove's fee minus sponsored execution costs. Resets monthly.

Referrals

25% to 50% of referred fees

Single level, tiered by referred volume.

Other

About $0.19 EVM deposit bridge fee; ~$0.36 Solana rent on new token accounts

Auto-bridge consolidation carries no user fee.

Sources: Fees & Gas Sponsorship, Rewards

Is Cove safe?

Cove secures wallets with Privy in isolated enclaves separated from its trading layer. You can export the wallet through a secure Mini App flow and revoke Cove's or Privy's signing access, after which the wallet stays under your control but Cove can no longer trade from it.

Custody model
Privy-secured wallets in isolated enclaves separate from the trading layer; on some chains funds sit in smart contract wallets controlled by your keys. Cove says it never directly handles user funds.
Key export
Export Wallet opens a secure Mini App flow; the docs advise exporting only inside the product and storing the result offline.
Access revocation
Removing Cove or Privy signing access revokes Cove's ability to trade through the account while the wallet remains yours; required before account deletion.
Two-factor authentication
Not documented in the sources reviewed.
Guardrails
Configurable limits on trade behaviour to reduce fat-finger and runaway risk.

Verify before depositing

  • You are using @cove_trading_bot, the handle on cove.trade and in the docs, not a look-alike.
  • You have exported the wallet through the Mini App flow and stored the result offline.
  • Telegram two-step verification is enabled on your account.

Official channels

Anything not listed here should be treated as unofficial until confirmed through one of these channels.

Sources: Accounts & Wallets, Introduction, cove.trade

Cove strengths and considerations

An editorial summary of the sources reviewed. Strengths are advantages supported by documented functionality; considerations are limitations, trade-offs or gaps worth weighing.

Strengths

  • One USDC balance across seventeen chains with no bridging and sponsored gas
  • Documented Privy custody with wallet export and signing-access revocation
  • Visual Mini App panels, limit orders, DCA ladders, auto TP/SL and guardrails
  • Clear, detailed fee page including minimums and gas caps
  • Cashback up to 50% and deep links plus an Agent MCP for builders

Considerations

  • No copy trading, wallet tracking, sniper or alerts
  • Minimum fees make small trades expensive: $0.95 on buys under $95, and up to 10% on tiny Solana sells
  • Ethereum and HyperEVM trades cost 2% under $500
  • Telegram-only with no web terminal or mobile app
  • 2FA is not documented

Cove supported chains

Cove supports 17 networks: Solana, Ethereum, Base, BNB Chain, Arbitrum, MegaETH, Plasma, HyperEVM, Monad, Story, Robinhood Chain, Tempo, Stable, Ink, X Layer, Avalanche and Arc. The sources reviewed do not break down which features are available on each network, so the table confirms support only.

NetworkSupportedNotes
Solana YesHolds the USDC trading balance and has a dedicated deposit address; very small sells use a sliding fee scale.
Ethereum YesUses a tiered fee of 2% to 1% and a $25 minimum for bridged stablecoin deposits.
Base Yes—
BNB Chain Yes—
Arbitrum Yes—
MegaETH Yes—
Plasma Yes—
HyperEVM YesUses the same tiered fee schedule as Ethereum and its own chain-specific wallet address.
Monad Yes—
Story Yes—
Robinhood Chain Yes—
Tempo Yes—
Stable Yes—
Ink Yes—
X Layer YesAvailable only where the matching route appears in your bot.
Avalanche YesUses its own chain-specific wallet address.
Arc YesTraded from the USDC balance on Solana; you do not need to fund Arc directly.

Cove screenshots

Official media published by Cove. We do not create mock-ups or use third-party images.

Cove buy panel for a Robinhood Chain token with market cap, liquidity, tax and quick amounts
Buy panel1 / 10

Cove FAQ

What is Cove?

Cove is a Telegram bot that lets you trade tokens on seventeen chains from one USDC balance with no manual bridging and sponsored gas. It offers visual trade panels, limit orders, DCA ladders, auto take-profit and stop-loss and multi-account support.

How much does Cove charge?

1% per trade on most chains with a $0.95 minimum on buys, a tiered 2% to 1% on Ethereum and HyperEVM, and a sliding scale on very small Solana sells. Gas is sponsored up to $5 per transaction, and cashback returns 25% to 50% of net fees depending on monthly volume.

Is Cove custodial?

Cove describes itself as non-custodial. Wallets are secured by Privy in isolated enclaves separate from the trading layer, you can export the wallet through a secure Mini App flow, and you can revoke Cove's signing access while keeping the wallet.

Which chains does Cove support?

Cove's documentation lists seventeen trading networks: Solana, Ethereum, Base, BNB Chain, Arbitrum, MegaETH, Plasma, HyperEVM, Monad, Story, Robinhood Chain, Tempo, Stable, Ink, X Layer, Avalanche and Arc. X Layer is available only where the matching route appears in your bot, and a chain can be temporarily unavailable.

Does Cove have copy trading?

No. Cove focuses on execution and order management. Trojan, GMGN, Dawn, Bloom and BasedBot offer copy trading.

Do I need SOL or ETH for gas on Cove?

No. Cove sponsors gas up to $5 per buy, sell, withdrawal or transfer from your unified balance. If a transaction would exceed that, you approve the surplus.

What are the best Cove alternatives?

The closest alternatives to Cove in this directory are BasedBot, Bloom, Fomo, Dawn. BasedBot: Multi-chain Telegram bot with copy trading, sniping and a web terminal for traders who want more automation. Bloom: Telegram bot with copy trading, sniper and AFK mode across Solana and EVM chains. See the comparison table below for fees, chains and features side by side.

Cove alternatives

How Cove compares with the closest tools in this directory, using the values from each tool's own listing.

  • Cove logo

    CoveThis page

    Telegram · 17 chains · 1% fee

    Copy trading
    No
    Wallet tracking
    No
    Limit orders
    Yes
    One USDC balance
    Yes
  • Dawn logo

    DawnEditor's pick

    Telegram · 6 chains · 1% fee

    Copy trading
    Yes
    Wallet tracking
    No
    Limit orders
    Yes
    One USDC balance
    Yes
  • BasedBot logo

    BasedBot

    Telegram, Web, Extension · 19 chains · 1% fee

    Copy trading
    Yes
    Wallet tracking
    Yes
    Limit orders
    Yes
    One USDC balance
    Not documented
  • Bloom logo

    Bloom

    Telegram, Web, Extension · 7 chains · 1% fee

    Copy trading
    Yes
    Wallet tracking
    Yes
    Limit orders
    Yes
    One USDC balance
    No
  • Fomo logo

    Fomo

    iOS, Android, Web · 4 chains · ~0.5% fee

    Copy trading
    No
    Wallet tracking
    Yes
    Limit orders
    Not documented
    One USDC balance
    Yes

Yes SupportedNo Not offeredn/a: single-chain toolNot documented: the sources reviewed did not confirm it either way

  • BasedBot logo

    BasedBotTrading Bots

    Multi-chain Telegram bot with copy trading, sniping and a web terminal for traders who want more automation.

  • Bloom logo

    BloomTrading Bots

    Telegram bot with copy trading, sniper and AFK mode across Solana and EVM chains.

  • Fomo logo

    FomoTrading Terminals

    Gasless multichain trading in a mobile app with copy trading and Apple Pay funding.

  • Dawn logo

    DawnTelegram Bots

    Telegram bot with the same one-USDC-balance, gasless model on six chains and a lower minimum fee.

Keep exploring: all Telegram bots, memecoin tool rankings, the full tools directory or how we review tools.

Sources used for this listing (17)

Official documentation and product pages come first, then official announcements, then reputable third-party coverage where primary sources were unavailable.