Telegram Trading Bot Guide

The essentials

A Telegram trading bot brings token lookup, order controls and position tracking into a chat. Cove combines that interface with a USDC trading balance and access to supported networks. The useful habit is simple: identify the asset, understand which funds and settings apply, and follow the receipt before taking another action.

View UI

Cove Telegram main menu with active profile, balance and trading tools

The Cove Telegram menu. Network coverage and displayed values can change.

1. Understand what the bot does

The chat is an interface to on-chain operations. Finding a token, submitting an order and completing a trade are separate events. A market order attempts to execute at an available quote; an automated order waits for its configured condition. Neither guarantees a particular profit or an immediate fill.

Cove also uses Mini Apps for visual portfolio and wallet tasks. Think of the bot as your starting point and the token panel as the place to inspect a specific asset. You can return to the main menu with /start. Features and available controls can differ by account, so use the current panel and linked documentation.

2. Choose the profile and prepare the balance

The documented first-run flow creates a Main profile and a wallet. A profile groups wallets, positions, orders and trading settings. Before funding or trading, check the active profile and the selected wallet; a balance elsewhere in the account is not necessarily the balance the next order will use.

For the straightforward funding path, open /deposit, copy your own Solana deposit address, and select USDC on Solana in the sending wallet or exchange. The label Deposit SOL refers to the network address in this flow. Check arrival and the spendable Balance before continuing. Other assets and networks have their own conversion or bridge steps.

3. Check the token and execution settings

Before pasting a token, turn off Auto-buy on paste if you only want to inspect it. Enable Buy confirm and Sell confirm in Settings → Trade panel settings for a separate review step. Both trade-panel confirmations are off by default, so choosing a preset or entering an amount can submit immediately. The Sell confirmation setting for /positions links is separate and defaults to on.

With those settings checked, paste a verified contract address or supported token link. If a chain picker appears, choose the intended network. Compare the full address and network, then read the reported liquidity, token controls and warnings. A recognizable name or logo is not a substitute for this check, and scanner data is not a guarantee of safety or sellability.

View UI

Cove token panel with address, network, liquidity, slippage and selected trading profile

Actual Cove token panel. Token and market values are examples; verify your own asset.

4. Walk through one deliberate purchase

As an illustrative workflow, imagine you have selected one wallet and want to review a small custom purchase. With Buy confirm enabled, open Buying, enter the intended amount with $x, and read the resulting confirmation. Check the token, wallet, size and any additional warning before choosing whether to submit. The example describes a process, not a recommended trade size.

Wait for the execution result. On a successful buy, Spent includes the trading fee; Received describes what arrived. Do not subtract the same fee again when reading the receipt. Open /positions to locate the holding. If several wallets were selected, inspect each result: one successful wallet does not establish that the whole request filled.

5. Practise the controls before using faster entry

The Paper profile provides virtual USDC for learning. Open /paper, create a practice account if prompted, and confirm that the PAPER label is visible. Use the exercise to locate the panel, change a size and follow a position. Simulated results do not show that a real order would execute at the same price.

Before returning to real trading, choose the intended real profile and check its saved settings again. An efficient interface is valuable only when you understand which action submits an order. Build that understanding before relying on shortcuts, percentage presets or several selected wallets.

6. Diagnose the state before retrying

If the bot reports Previous order still processing, follow that operation. Closing the chat does not cancel it. If a position seems missing, refresh the view and check the profile, wallet selection and filters. Treat a pending operation, a refusal before submission and a failed execution as different situations.

For an unresolved problem, keep the receipt or reference and note the time, token, network and wallet label for support. Never include wallet keys or recovery material. The best troubleshooting report identifies one operation and its last known state; submitting replacements without resolving the first one makes the result harder to understand.

Does gasless trading mean the trade is free?

No. Gas sponsorship, platform fees, route costs and token price movement are separate. Review the current fee documentation and the amount shown in the transaction flow.

Is a clean token panel proof that a token is safe?

No. Reported token data can support your review, but does not remove liquidity, contract, issuer or market risk. Missing or pending scan information deserves attention too.