Cove GuideOpen @DawnTradeBot
Guide · Sept 2026 · 3 min read

What is Cove? And what to use instead.

The Cove trading bot charges more, pays back less, and leaves your fills unprotected. Here are Cove's fees, Cove vs Dawn side by side, and how to switch.

Show me the steps ↓Try Dawn
$0.35$0.95min fee: Dawn vs Cove
12setup steps
~2 minto your first trade

Independent guide. Not affiliated with Cove.

Trading live
01/12Start the bot
01 · Basics

What is Cove?

Cove is a Telegram trading bot: one USDC balance, many chains, no gas.

One balance

Deposit once, trade on 14 chains.

Gas covered

Up to $5 per trade.

Privy wallets

Keys held apart from the bot.
Sounds good. Here's the catch
EXAMPLE
$
You depositUSDC
$100
paste a token
↗
Buy $MEMEon Base
BUY $10
Buy$10.00
Cove fee MIN$0.95
That's 9.5% of your buy.Source
02 · The catch

Cove's disadvantages

Three problems, straight from Cove's own docs.

High fees

$0.95min per buy
  • 9.5% on a $10 buy
  • 2% on HyperEVM & ETH
  • $1.90 min on those chains
With Dawn
$0.35min per buy · 1% fee

Subpar rewards

−$0.49cashback on a $4 sell
  • Gas is deducted from cashback
  • Cashback can go negative
  • 1-level referrals only
With Dawn
Up to 55%back · 3 levels

Horrible fills

0MEV protection
  • Swaps can be sandwiched
  • No private routing
  • No priority-fee setting
With Dawn
Onby default · Solana

What you pay per trade

COVE vs DAWN
TradeCove feeDawn feeYou save
$10 buySolana · Base · BNB
$0.95
$0.35$0.26 after cashback
−63%
$50 buySolana · Base · BNB
$0.95
$0.50$0.38 after cashback
−47%
$50 buyHyperEVM
$1.90
$0.50$0.38 after cashback
−74%
$400 buyHyperEVM
$8.00
$4.00$3.00 after cashback
−50%
$1,000 sellHyperEVM
$15.00
$10.00$7.50 after cashback
−33%
100 × $20 buysin a month
$95.00
$35.00$26.25 after cashback
−63%

Sources: Cove fees · Dawn fees

Cove vs Dawn

SEP 2026
FeatureCoveDawnBetter on 7 of 8
Trading feeTaken from every trade
✕
1–2%2% on HyperEVM & ETH
✓
1%Same on every chain
Minimum feeThe least a trade can cost
✕
$0.95$1.90 on HyperEVM & ETH
✓
$0.35
CashbackShare of your fees paid back
✕
25–50%Minus gas, so it can go negative
✓
25–55%Of the full fee, never negative
ReferralsEarn when people you invite trade
✕
1 level
✓
3 levels
MEV protectionStops bots front-running your trade
✕
Not in docs
✓
On by defaultOn Solana
Gas presetsPick your own priority fee
✕
Not in docs
✓
Low / Med / High
CopytradingMirror wallets you follow
✕
Not in docs
✓
Wallets & fomo
Gas coveredNetwork fees paid for you
=
Up to $5Per trade
=
Up to $5Per trade

Sources: Cove fees · Cove rewards · Dawn fees · Dawn cashback · Dawn referrals · Dawn trade execution · Dawn copytrading

The verdict

Same idea. Lower fees. Better fills.

Open @DawnTradeBotSee the setup ↓
  • $0.35 min
  • 1% everywhere
  • 55% cashback
  • 3-level referrals
  • MEV protection
  • Copytrading
03 · Step by step

Switch to Dawn in 12 steps

A Cove alternative, set up in one Telegram chat.

  • ~2 min to first trade
  • Every screen shown
PART 1/3
Get set up
1
STEP 01 / 12

Start @DawnTradeBot

Send /start. Your wallet is created instantly.

2
STEP 02 / 12

Deposit

Tap Deposit, pick a chain, copy the address.

USDC on Solana = no fee.
3
STEP 03 / 12

Move your funds from Cove

Withdraw your USDC from Cove to your Dawn address.

Match the token and network exactly.
4
STEP 04 / 12

Turn on 2FA

/wallets → 🔐 2FA. Protects sends and key exports.

PART 2/3
Get better fills
5
STEP 05 / 12

Keep MEV protection on

/settings → Trading. On by default for Solana trades. Leave it.

This stops sandwich bots.
6
STEP 06 / 12

Pick a gas preset

⚡ Medium for most trades. 🚀 High for launches.

7
STEP 07 / 12

Set slippage

15% works for most memecoins.

8
STEP 08 / 12

Leave gas surplus off

Trades needing over $5 of gas get declined, not charged.

PART 3/3
Trade
9
STEP 09 / 12

Paste a contract address

Dawn finds the chain and shows the token.

10
STEP 10 / 12

Tap an amount

1% fee, $0.35 min, gas covered.

No confirm step. Tapping buys.
11
STEP 11 / 12

Set take profit & stop loss

Exits run without you watching.

12
STEP 12 / 12

Track & earn

/portfolio for PnL. 🎁 Rewards for cashback.

12/12 · Setup complete

That's it.

$0.35 minimum instead of $0.95.

  • Get set up
  • Get better fills
  • Trade
Start on @DawnTradeBot Opens in Telegram
04 · FAQ

Dawn FAQ

Dawn is a Telegram-native trading bot that lets you trade across multiple chains from a single USDC balance — without bridging, switching networks or paying for gas.

More in Dawn's docs: supported chains · wallet security · copytrading

Trade every chain.
Pay less.

One balance. No gas. $0.35 min fee.

Launch DawnDocs