What the trading panel is
Cove's trading panel is the surface you spend most of your time on. It is the visual buy and sell interface that appears inside Telegram the moment you send Cove a token contract address or open a supported token link. Unlike a text-command bot where you type amounts blind and hope the parser understood you, the panel lays out everything you need to make a decision in one card: token identity, chain, contract, market cap, liquidity, tax, burn, your account context, your current position if you already hold the token, and a row of buttons that execute in one tap.
The design goal is simple: you should never have to leave the Telegram thread to check a chart, verify a contract, confirm which account you're spending from, or calculate what you'll receive. Everything a desk trader would open in three browser tabs is collapsed into a single message that updates in place.
The panel is the same on every supported network. Whether the address you paste resolves to Solana, Base, Ethereum, BNB Chain, HyperEVM, Monad, MegaETH, Ink, Story, Tempo, Plasma, Arbitrum, Robinhood Chain or Stable, the layout, the buttons and the settings behave identically. You learn it once.
Opening a token panel
There are two ways to open a panel.
- Paste a contract address. Send the raw address to Cove in a private chat. Cove detects the address format, resolves the chain, pulls token metadata and market data, and replies with the panel. You do not need to tell Cove which network the token lives on — the resolver works that out.
- Open a supported link. Links from token scanners, explorers, DEX aggregators and Cove deep links are recognised. Tap one and the panel opens preloaded with the right token and chain. If a group is running Cove Buy, every scanned token already carries buttons that open this same panel.
Resolution is fast, usually well under a second, because Cove indexes supported markets ahead of time rather than crawling on demand. When a token exists on multiple chains under the same ticker, the contract address disambiguates — Cove never guesses from a ticker alone.
What you review before you submit
The top of the panel is a data block. Read it before you tap anything. It contains:
The liquidity figure is the one to respect. It drives Cove's liquidity protection guardrail, but it should also drive your sizing instinct. A $500 buy into a $4,000 pool is a very different trade from a $500 buy into a $4M pool, and the panel puts that number in front of you before the buttons.
Token tax and burned percentage appear only when the contract exposes them. A hidden or unusually high tax is one of the most common ways new traders lose money on EVM chains, so Cove surfaces it inline instead of burying it in a settings screen.
When you already hold the token, the panel shows your position's PnL, cost basis, current worth, percentage of supply, and the market cap you entered at. This turns the panel into a mini position manager: you can see whether you are up or down before deciding to add or trim.
Buy and Sell tabs
The panel has two tabs. Buy is the default when you have no position; Sell appears alongside it once you hold the token.
Buying
The Buy tab shows your configured buy presets — a row of quick amounts in USDC. The default presets are sensible round numbers, but you can change them in Trade panel settings to whatever sizing you actually use. Below the presets is a Custom amount control for anything not covered by a preset.
Tap a preset and Cove either executes immediately or shows a confirmation card, depending on whether Buy Confirm is enabled in settings. Many active traders leave Buy Confirm off for speed; more cautious traders keep it on so they always see the route, expected output and fee before committing.
Cove funds the buy from your unified USDC balance, regardless of which chain the token lives on. There is no bridging step, no wrapping, no native-gas check. Cove routes the swap, sponsors gas up to the cap, and returns a receipt.
Selling
The Sell tab mirrors the Buy tab with sell presets expressed as percentages of your position (for example 25%, 50%, 100%) and a custom amount control for a specific token quantity. Sell Confirm behaves like Buy Confirm — optional confirmation before submission.
The Sell tab also shows position values, the contract address and your token balance so you can sanity-check the size before you tap. Proceeds settle back into your unified USDC balance, ready for the next trade on any chain.
Degen mode
The panel exposes a Degen mode toggle. Degen mode reduces safeguards for the selected trade. Use it when you knowingly want to trade through a thin pool or a volatile launch and are willing to accept the wider price difference. Review your slippage and guardrail settings before enabling it — degen mode does not make a bad trade good, it just stops Cove from interrupting you.
Account selector
At the bottom of the panel is the account selector. Cove supports multiple accounts per Telegram user, and the selector lets you choose which account — or which combination of accounts — executes the trade. When a single account is selected, the trade behaves normally. When several are selected, the panel switches into multi-wallet mode and exposes spend type, buy variance and transaction delay controls. Read the Multi-wallet trading page for the full breakdown.
The selector shows each account's deployable balance, so you always know how much USDC is actually available to spend before you pick.
Chart
Tap Chart to open the token's chart inside the Telegram flow. You get price action and volume without switching to a browser or a separate charting bot, and the panel stays one tap away. This is the intended workflow: read the chart, come back to the panel, size the trade.
Limit and other actions
The Limit action opens the order-type menu. From here you create limit buys, take-profit orders, stop-loss orders and DCA ladders — all attached to the token in the current panel. These are covered in depth on the Limit orders and DCA orders pages.
Other actions on the panel:
- View detailed opens the full position details view.
- Generate PnL creates a shareable PnL card from the current position.
- Extra links show any configured external links (explorer, scanner, chart provider) for the token.
- Active orders on the token expose Edit and Cancel where the order type supports it.
Receipts and routes
Every submitted order produces a receipt message: Buy Executed, Sell Executed or Stop Loss Executed. A receipt includes the route the trade took, your updated positions and a Close action to dismiss it.
Routes matter because Cove is doing cross-chain work behind the scenes. A typical buy is USDC → the chain's native wrapped token → your target token. A sell reverses it. When a trade requires more than one hop, the receipt marks it as a multi-hop route and includes a Learn more link that explains why. Each hop pays the venue's pool fee, which is baked into your output and goes to liquidity providers, not to Cove.
Fees and gas at the point of trade
You never need to hold native gas tokens. Cove sponsors gas up to $5 per trade. On most chains the platform fee is 1%, with a $0.95 minimum on buys under $95. Ethereum and HyperEVM use a tiered model — 2% under $500 with a $1.90 minimum, 1.5% from $500 to $2,500, 1% above — because execution costs on those networks are materially higher.
If a trade's estimated gas exceeds the sponsorship cap, Cove pauses and shows you the surplus as a Pay $X prompt before submitting. Approve and the trade goes through; decline and nothing is submitted and nothing is charged. You can set a Gas Surplus Budget in guardrails so that surpluses under your chosen limit are approved automatically without a prompt.
Full schedules are on the Fees page.
Guardrails that run during a trade
The trading panel is where guardrails actually fire. Before a buy is submitted Cove checks:
- Slippage — your configured tolerance, from the 10 / 20 / 40 / 80% presets or a custom value from 1% to 100%.
- Liquidity protection — blocks buys that would consume too much of the reported pool.
- Auto-adjust max buy — if the contract caps the maximum buy, Cove trims your order to the limit instead of failing.
- High price-impact confirmation — adds a confirmation step when the trade would move price significantly.
- Gas Surplus Budget — decides whether an over-cap gas cost needs your approval.
Each of these is configurable in Settings → Guardrails. The panel doesn't hide them; when a guardrail blocks or adjusts a trade, the message tells you which one and why.
A complete trade, start to finish
- A contract address appears in a group you follow. You copy it and paste it into your Cove chat.
- The panel opens in under a second. You read: Base, $2.1M market cap, $180K liquidity, no tax, 40% burned. You're not holding it yet.
- You tap Chart, see a clean consolidation, and come back to the panel.
- Your account selector shows Main with 1,240 USDC deployable. You leave it at one account.
- You tap the Buy 100 preset. Buy Confirm is on, so Cove shows the route (USDC → WETH → token), estimated output, 1% fee and sponsored gas. You confirm.
- Two seconds later the Buy Executed receipt arrives with your new position: worth, cost, entry market cap.
- You tap Limit → Create Take Profit and set +80% on half the position, then Create Stop Loss at −25%. Both attach to the position.
- You close the receipt. The panel is still there if you want to add.
Every step happened in one Telegram thread. No wallet extension, no bridge, no gas token top-up, no second app.
Why the panel matters more than speed
Most Telegram trading bots compete on execution speed. Cove is fast, but the panel exists because speed without information is how traders lose money. The visual layout forces a two-second read of liquidity, tax and your existing exposure before the button row. That habit — read, then tap — is the single highest-leverage thing a trader can build, and the panel is designed to make it automatic.
Combined with the unified balance, sponsored gas and guardrails, the panel means the same disciplined workflow applies whether you're trading a Solana memecoin or a HyperEVM launch. One interface, fourteen chains, no context switching.
Chain-specific notes
The panel is identical everywhere, but the markets underneath it aren't. A few things change by network.
Solana. Fees on sells are tiered so tiny exits still cost around $0.25 — a $2.50 sell pays 10%, a $25 sell pays 1%. Minimum sell is $2.50. Pools move fast; slippage in the 20–40% range is common for new launches. Routing typically goes through Jupiter or DFlow.
Ethereum and HyperEVM. Gas is materially higher, so Cove uses a tiered fee — 2% under $500 with a $1.90 minimum, 1.5% to $2,500, 1% above — and gas surpluses are more likely on small trades during congestion. A Gas Surplus Budget of a few dollars keeps fills moving. Routes usually pass through WETH on Uniswap V2, V3 or V4.
Base, BNB Chain, Arbitrum, Monad, MegaETH, Ink, Story, Tempo, Plasma, Robinhood Chain. Standard schedule: $0.95 minimum on buys under $95, 1% above, 1% on sells. Gas rarely approaches the $5 cap. These are the networks where the panel feels closest to "free" execution.
Stable. Shown in the Cove UI; availability for specific tokens and routes depends on current configuration.
Panel FAQ
Why did my buy fill for less than I tapped? Either auto-adjust max buy trimmed it to the contract's limit, or the fee and any gas surplus were taken from the amount. The receipt shows which.
Why is the Sell tab missing? You don't hold the token in the selected account. Switch accounts in the selector or check Positions.
Can I trade a token that isn't on a supported chain? No. The resolver only opens panels for supported markets.
The chart didn't load. Charts depend on a data provider having indexed the pool. Very new tokens may take a few minutes to appear; the panel's market cap and liquidity still update.
Can I change presets per chain? Presets are set in Trade panel settings and apply across chains. Group owners running Cove Buy can set per-chain amounts for their group's buttons.
Does the panel update prices live? The panel reflects the moment it rendered. Re-paste the address or use the refresh action to pull current figures before sizing a trade on a fast mover.