# Cove

> 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.

- Canonical page: https://memecoinuniversity.io/tools/cove
- Official website: https://cove.trade
- Referral link (may earn this site a commission): https://t.me/cove_trading_bot?start=ref_university
- Documentation: https://docs.cove.trade
- Telegram bot: https://t.me/cove_trading_bot
- X (Twitter): https://x.com/covetrade
- Telegram community: https://t.me/cove_portal
- Primary category: Telegram Bots
- Categories: Telegram Bots, Sniping & Automation
- Platforms: Telegram
- Supported markets: Solana memecoins, Base, BNB Chain and Ethereum tokens, Tokens on Monad, HyperEVM, MegaETH and other EVM chains
- Networks: Solana, Ethereum, Base, BNB Chain, Arbitrum, MegaETH, Plasma, HyperEVM, Monad, Story, Robinhood Chain, Tempo, Stable, Ink, X Layer, Avalanche, Arc
- Pricing: No subscription; 1% per trade on most chains with a $0.95 minimum, tiered 2%–1% on Ethereum and HyperEVM, gas sponsored up to $5 per trade, cashback 25%–50% by monthly volume
- Custody: Cove uses Privy to secure wallets in isolated enclaves separate from its trading layer; you can export the wallet through a secure Mini App flow and revoke Cove's signing access from account settings.
- Best for: Traders who trade across many chains and want one balance, no bridging and visual trade panels inside Telegram
- Verification: official-docs — Features, fees, gas sponsorship, rewards and custody were checked against docs.cove.trade and cove.trade on 13 September 2026. Supported networks were re-checked on 21 September 2026 against the Supported Chains page, which Cove updated on 16 September 2026.
- Last verified: 2026-09-21
- Last updated: 2026-09-21

## Attributes

| Attribute | Value |
| --- | --- |
| Copy trading | No |
| Automation | Yes |
| Wallet tracking | No |
| Alerts | No |
| Analytics | No |
| Risk controls | Yes |
| Limit orders | Yes |
| Key export | Yes |
| Two-factor authentication | Unknown |
| Public API | Yes |
| Open source | No |
| Mobile app | No |

## 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.

## Key features

- **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. ([docs](https://docs.cove.trade/essentials/supported-chains.md))
- **Sponsored gas**: Cove covers up to $5 of gas per buy, sell, withdrawal or transfer; larger amounts require your approval. ([docs](https://docs.cove.trade/essentials/fees-structure.md))
- **Visual trade and position panels**: Mini App buy and sell panels with sorting, filtering and per-position controls instead of chat-only buttons. ([docs](https://docs.cove.trade/features/trading.md))
- **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. ([docs](https://docs.cove.trade/features/limit-orders.md))
- **Guardrails and multi-account**: Configurable guardrails on trade size and behaviour, several Cove accounts with a designated primary, and group buy and sell links. ([docs](https://docs.cove.trade/features/settings/guardrails.md))
- **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. ([docs](https://docs.cove.trade/essentials/accounts.md))

## How Cove works

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

1. **Start the bot** Open @cove_trading_bot and press Start. Cove creates Solana and EVM wallets secured by Privy.
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. **Trade** Paste a contract address on any supported chain to open a buy panel. Cove handles routing and gas from your unified balance.
4. **Manage positions** Use limit orders, DCA ladders, auto TP/SL and the positions panel; share PnL cards if you like.
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.

| Fee | Amount | Notes |
| --- | --- | --- |
| 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. |


Fees checked 2026-09-13; they can change.

## 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.

| Topic | Detail |
| --- | --- |
| 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

- Website: https://cove.trade
- Documentation: https://docs.cove.trade
- Telegram bot: https://t.me/cove_trading_bot
- X (Twitter): https://x.com/covetrade
- Telegram community: https://t.me/cove_portal

## 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

## 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.

## Cove alternatives

- [BasedBot](https://memecoinuniversity.io/tools/basedbot): Multi-chain Telegram bot with copy trading, sniping and a web terminal for traders who want more automation.
- [Bloom](https://memecoinuniversity.io/tools/bloom): Telegram bot with copy trading, sniper and AFK mode across Solana and EVM chains.
- [Fomo](https://memecoinuniversity.io/tools/fomo): Gasless multichain trading in a mobile app with copy trading and Apple Pay funding.
- [Dawn](https://memecoinuniversity.io/tools/dawn): Telegram bot with the same one-USDC-balance, gasless model on six chains and a lower minimum fee.

## Sources

- [cove.trade](https://cove.trade)
- [Introduction](https://docs.cove.trade/essentials/introduction.md)
- [Supported Chains](https://docs.cove.trade/essentials/supported-chains.md)
- [Getting Started](https://docs.cove.trade/essentials/getting-started.md)
- [Accounts & Wallets](https://docs.cove.trade/essentials/accounts.md)
- [Fees & Gas Sponsorship](https://docs.cove.trade/essentials/fees-structure.md)
- [Rewards](https://docs.cove.trade/features/referrals.md)
- [Trading](https://docs.cove.trade/features/trading.md)
- [Multi-wallet Trading](https://docs.cove.trade/features/multi-wallet-trading.md)
- [Limit Orders](https://docs.cove.trade/features/limit-orders.md)
- [DCA Orders](https://docs.cove.trade/features/dca-orders.md)
- [Positions](https://docs.cove.trade/features/positions.md)
- [Guardrails](https://docs.cove.trade/features/settings/guardrails.md)
- [Auto TP/SL](https://docs.cove.trade/features/settings/auto-tp-sl.md)
- [Transfers & Withdrawals](https://docs.cove.trade/features/transfers.md)
- [Deep Links](https://docs.cove.trade/builders/deep-links.md)
- [Cove Agent MCP](https://docs.cove.trade/builders/mcp-tools.md)

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Source: Memecoin University (https://memecoinuniversity.io). Memecoin University is an independent directory and is not affiliated with any tool listed here, Solana Labs or the Solana Foundation.