15% discount on Trezor hardware wallets

[Pmalek]

New 15% discount!

Trezor currently has a new promotion, and to celebrate it, they are offering a 15% discount on Trezor One and Model T hardware wallets. This promotion will be valid until 8 November 2022.
So, if you are in the EU, the Trezor One will now cost you around €70, while Trezor T is approximately €220.

The reason for this is the introduction of Dollar-cost averaging (DCA) in Trezor Suite. Their term for it is Bitcoin savings account. Most already know that using the DCA investment strategy means buying a fixed USD/EUR amount of an asset at a fixed time. That can be once a week/month/year, etc.

Source: https://blog.trezor.io/save-bitcoin-with-dca-in-trezor-suite-6ce8f6a2ce75    

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[dkbit98]

Trezor currently has a new promotion, and to celebrate it, they are offering a 15% discount on Trezor One and Model T hardware wallets. This promotion will be valid until 8 November 2022.
So, if you are in the EU, the Trezor One will now cost you around €70, while Trezor T is approximately €220.

Oh maybe they noticed my constant complains and wining about new higher prices of their devices, so they decided to make a new discount around Halloween time.
Black Friday is November 25th and Cyber Monday few days later, so we could see new discounts around that time.
It's still a lot of money for Model T, so no thank you... €100 - €150 is most I would pay for that device.

The reason for this is the introduction of Dollar-cost averaging (DCA) in Trezor Suite. Their term for it is Bitcoin savings account. Most already know that using the DCA investment strategy means buying a fixed USD/EUR amount of an asset at a fixed time. That can be once a week/month/year, etc.

It's their new partnership with Swan Bitcoin and BTC Direct, but I don't think it works for all countries and registration is needed, probably with verification, so no thank you.
Only supported countries for now are Unites States, Belgium, Germany, Spain, the Netherlands and the Czech Republic.



Much more interesting update is P2P non-KYC worldwide crypto buy provided by HodlHodl with new Trezor Suite v22.10.3.
I think they should also add option to sell Bitcoin with HodlHodl.

[OmegaStarScream]

Oh maybe they noticed my constant complains and wining about new higher prices of their devices, so they decided to make a new discount around Halloween time.
Black Friday is November 25th and Cyber Monday few days later, so we could see new discounts around that time.
It's still a lot of money for Model T, so no thank you... €100 - €150 is most I would pay for that device.
-snip-

I doubt we'll see any better prices by that time if they're giving 15% off now. They might add some offers about buying two, and getting the third one for half, or maybe give free silicon cases instead, but more than 15% off? I don't see it happening.

[Pmalek]

I doubt we'll see any better prices by that time if they're giving 15% off now. They might add some offers about buying two, and getting the third one for half, or maybe give free silicon cases instead, but more than 15% off? I don't see it happening.

Trezor is working on that new secure element that will be integrated with their future hardware wallets. If they are considering to eventually retire the old Model One when the new devices hit the market, we might be seeing bigger discounts for Model One until the supply runs out. This is just speculation, of course. 

[m2017]

Oh maybe they noticed my constant complains and wining about new higher prices of their devices, so they decided to make a new discount around Halloween time.
Black Friday is November 25th and Cyber Monday few days later, so we could see new discounts around that time.
It's still a lot of money for Model T, so no thank you... €100 - €150 is most I would pay for that device.
-snip-

I doubt we'll see any better prices by that time if they're giving 15% off now. They might add some offers about buying two, and getting the third one for half, or maybe give free silicon cases instead, but more than 15% off? I don't see it happening.

A 20% discount (for Black Friday) is quite possible and it will be a little more profitable than 15%. In the last 2 years (2020 and 2021), Trezor made a 20% discount for its customers on Black Friday.

Here are links to information about it:
https://www.cryptocurrencyposters.com/trezor-black-friday-cyber-monday/
https://blog.trezor.io/trezor-black-friday-deals-2021-6550e15305ac

It is difficult to say whether there will be a similar discount this year, because there was one year (I don’t remember exactly) when Trezor and their competitor represented by Ledger didn't make any Black Friday discounts for their products at all. If I'm not mistaken, this was one of the years of a deep bearish trend. So, either be content with a 15% discount, or wait for a 20% discount in 1 month if it is not canceled.

In my opinion, 15% is not bad at all if you are going to spend money on a HW device in the near future.

[dkbit98]

I doubt we'll see any better prices by that time if they're giving 15% off now. They might add some offers about buying two, and getting the third one for half, or maybe give free silicon cases instead, but more than 15% off? I don't see it happening.

I am not saying it's going to get bigger discount, but it's still much better than what we had previous season, if someone remember them offering discounts for silicone cases and trezor accessories  
Yeah I know it was chip shortage and all that crap, but better don't offer any discount in situation like that.

Trezor is working on that new secure element that will be integrated with their future hardware wallets. If they are considering to eventually retire the old Model One when the new devices hit the market, we might be seeing bigger discounts for Model One until the supply runs out. This is just speculation, of course.  

New Trezor model will probably appear in this time next year, and that is my optimistic prognosis, if world economy don't collapse until them, and full production maybe starts in early 2024.
That doesn't mean they should follow steps of bad competition and retire devices all the time like old socks.
Maybe upgrading Trezor One with bigger memory (like in model T) would be better option to keep it alive, affordable and functional in future.

[PawGo]

The reason for this is the introduction of Dollar-cost averaging (DCA) in Trezor Suite. Their term for it is Bitcoin savings account. Most already know that using the DCA investment strategy means buying a fixed USD/EUR amount of an asset at a fixed time. That can be once a week/month/year, etc.

There is nothing wrong with cooperation with btcdirect, but as I understand it only brings "buy" option inside the application. I would prefer to see a better conditions for Trezor users (spread). Otherwise why not to buy from them directly?
And again, if someone is afraid of leaks, the task to check the code how they send buy request, if they collect data how much you bought, when. Does btcdirect knows you are Trezor user? etc etc

[Pmalek]

Maybe upgrading Trezor One with bigger memory (like in model T) would be better option to keep it alive, affordable and functional in future.

That wouldn't be bad since the old Trezor model doesn't have the hardware strength to cope with certain coins and can't support them. But a hardware upgrade would certainly affect the price, which could then go above €100 maybe.

There is nothing wrong with cooperation with btcdirect, but as I understand it only brings "buy" option inside the application. I would prefer to see a better conditions for Trezor users (spread). Otherwise why not to buy from them directly?

I am sure Trezor takes a cut in some way. I remember when Ledger introduced a similar partnership with a crypto company and we compared the rates offered through Ledger Live against what was offered on the official site. The spread was always worse in Ledger Live for the exact same trading pair compared to what you could get on the official exchange. These kind of partnerships are about additional revenue for the manufacturers after all.   

[Coin-Keeper]

Some of us here don't consider the "secure element" an improvement but just the opposite.  Sure in theory SECURE sounds great, but that comes with closed source and users having to trust what is going on inside the element all beyond our scrutiny.  That is a pass for me anyway as far as my preference!!

[Pmalek]

Some of us here don't consider the "secure element" an improvement but just the opposite.  Sure in theory SECURE sounds great, but that comes with closed source and users having to trust what is going on inside the element all beyond our scrutiny.

The secure elements we find in today's hardware wallets are closed-source, but Trezor and their partners are trying to change that. I guess they realized early on that 100% open-source isn't going to be possible, so the wording they used in some of their public announcements was "as open-source as possible". It's going to be interesting to see how Wallet Scrutiny and other parties classify the new type of wallets once they eventually come out.   

[Lucius]

So, if you are in the EU, the Trezor One will now cost you around €70, while Trezor T is approximately €220.

And I still remember that a few years ago, some complained that $100 was a price they were not ready to pay to buy such a device. I haven't followed how much the price of the T model has changed since it appeared on the market, but it costs about $130 more than the Ledger X that I bought in 2019. Security is never expensive, but this price seems a bit excessive to me, even from an EU perspective, and here we are talking about the price with a discount...

I wonder how many people from various poor countries of the world have no chance to buy something like this because they have to work for several months to earn money for such an HW. On the other hand, some will say that they don't need HW, given that they can't even afford big investments.

[n0nce]

So, if you are in the EU, the Trezor One will now cost you around €70, while Trezor T is approximately €220.

And I still remember that a few years ago, some complained that $100 was a price they were not ready to pay to buy such a device. I haven't followed how much the price of the T model has changed since it appeared on the market, but it costs about $130 more than the Ledger X that I bought in 2019. Security is never expensive, but this price seems a bit excessive to me, even from an EU perspective, and here we are talking about the price with a discount...

I wonder how many people from various poor countries of the world have no chance to buy something like this because they have to work for several months to earn money for such an HW. On the other hand, some will say that they don't need HW, given that they can't even afford big investments.

Re: hardware wallet pricing.
I have no internal information about margins of different vendors, but model T can be expected to be supported for longer, has more coins that need to be actively maintained, and hasn't sold as many units as model One. These are some reasons for which I can understand a higher price.

Personally, I believe even 200€ or more for a Bitcoin-only device (less maintenance of coins, smaller codebase, less potential for bugs...) can be worth it.

Basically, with any such device, you're buying a signer with secure storage of your seed and a pretty good level of security against software and hardware attacks. If you don't need this convenience, you can very securely store your seed on paper in multiple physically secure locations.
You don't really pay for the security (as you said, it can be achieved for much less), but for convenient security. Having access to your coins from a mobile device on the go, without exposing the keys to software or prying eyes, for example.

Unfortunately, people from financially weaker countries can't afford a lot of things, but by giving up some convenience, they can still use Bitcoin very securely for cheap.

[Pmalek]

I haven't followed how much the price of the T model has changed since it appeared on the market, but it costs about $130 more than the Ledger X that I bought in 2019.

After some quick research using Wayback Machine, I managed to gather some data.

The Model T was released in February 2018.
- An achieve from June 2018 shows a price of €149.
- A second achieve from November 2019 shows the same price.
- In December 2020, the price was up to €180.
- In October 2021, an achieve shows €164. So, the price went down for some reason.
- And the last one I checked was April 2022 with a price of €249.

[dkbit98]

Some of us here don't consider the "secure element" an improvement but just the opposite.  Sure in theory SECURE sounds great, but that comes with closed source and users having to trust what is going on inside the element all beyond our scrutiny.  That is a pass for me anyway as far as my preference!!

I was talking about secure element that is in development by Trezor with their project Tropic Square, and that is going to be most open source secure element so far, but I hope others will follow.
I do agree with you that closed source wallets are basically black box and nobody knows what is happening inside, but same thing is already used everywhere in banking, smartphones, etc. so we don't have anything better.

Personally, I believe even 200€ or more for a Bitcoin-only device (less maintenance of coins, smaller codebase, less potential for bugs...) can be worth it.

How about paying 10 times less and you still have functional open source Bitcoin signing device?  ^{Read more about it soon}
For me 200€ is a lot of money for currently available hardware wallets, except maybe Passport, but that is borderline price, I would certainly buy it again for presale offered price.

Unfortunately, people from financially weaker countries can't afford a lot of things, but by giving up some convenience, they can still use Bitcoin very securely for cheap.

There might be solution for them, but they should keep their old mobile phones and not throw it away in garbage.
ESP32 devices are very cheap and now it's possible to make Bitcoin airgapped signing device for dirt cheap.

[n0nce]

Personally, I believe even 200€ or more for a Bitcoin-only device (less maintenance of coins, smaller codebase, less potential for bugs...) can be worth it.

How about paying 10 times less and you still have functional open source Bitcoin signing device?  ^{Read more about it soon}
For me 200€ is a lot of money for currently available hardware wallets, except maybe Passport, but that is borderline price, I would certainly buy it again for presale offered price.

Unfortunately, people from financially weaker countries can't afford a lot of things, but by giving up some convenience, they can still use Bitcoin very securely for cheap.

There might be solution for them, but they should keep their old mobile phones and not throw it away in garbage.
ESP32 devices are very cheap and now it's possible to make Bitcoin airgapped signing device for dirt cheap.

You can do cool stuff with generic, off-the-shelf microcontroller dev boards, but they're just not made for security like a hardware wallet is. It's often trivial to read out the flash storage, alter or even reflash the firmware and similar, since that's what they're basically made for.
I guess it is still better than a hot wallet and more convenient than a paper seed; just make sure to safeguard those things at all times.

But who knows, maybe really secure, cheap to acquire, microcontroller boards will emerge and really give hardware wallets a run for their money.

[Hispo]

Oh maybe they noticed my constant complains and wining about new higher prices of their devices, so they decided to make a new discount around Halloween time.
Black Friday is November 25th and Cyber Monday few days later, so we could see new discounts around that time.
It's still a lot of money for Model T, so no thank you... €100 - €150 is most I would pay for that device.
-snip-

I doubt we'll see any better prices by that time if they're giving 15% off now. They might add some offers about buying two, and getting the third one for half, or maybe give free silicon cases instead, but more than 15% off? I don't see it happening.

Since Trezor business model runs on their sales of hardware rather than their sales of software (their software is free and open, as it is supposed to be), it kind of makes sense they need to profit off their wallets.

Still, I am holding onto the hope their model T could decrease in retail price once their new generation of cold wallets gets released to the market, perhaps it is a bit foolish of me to think that way though. My pessimistic place as consumer even led me to think this 15% off was "good" in comparison to the lack of offers last year.   

[Pmalek]

Still, I am holding onto the hope their model T could decrease in retail price once their new generation of cold wallets gets released to the market, perhaps it is a bit foolish of me to think that way though.

It's not foolish. I am thinking the same thing. It's to be expected in all niches (not just hardware wallets) that whenever a new model of a brand comes out, the price decreases for the older models. Since Trezor T is a good wallet (but overpriced), many could jump at the chance to get it once the prices drop after the release of the new-generation of their hardware wallets. But there are no signs that this could happen soon, therefore, patience is required.   

[m2017]

Still, I am holding onto the hope their model T could decrease in retail price once their new generation of cold wallets gets released to the market, perhaps it is a bit foolish of me to think that way though.

It's not foolish. I am thinking the same thing. It's to be expected in all niches (not just hardware wallets) that whenever a new model of a brand comes out, the price decreases for the older models. Since Trezor T is a good wallet (but overpriced), many could jump at the chance to get it once the prices drop after the release of the new-generation of their hardware wallets. But there are no signs that this could happen soon, therefore, patience is required.   

Suppose a trezor releases a new model of a hardware wallet. What discount do you think the manufacturer will sell it at? 90%, 75%, 50%, 25%? These are too unrealistic and fantastic figures. It may turn out to be 15% -20% more realistic, that is, exactly the discount that you can usually get during Black Friday or now. Well, maybe a little more. So what am I on about? And to the fact that if there is already a discount, then it is naive to wait for an even greater discount, believing that it will be much more significant than the current one. Moreover, it is not known when and whether there will be this discount. Why is the current discount dissatisfied, if model T is your preference?

[Pmalek]

Moreover, it is not known when and whether there will be this discount. Why is the current discount dissatisfied, if model T is your preference?

I am not sure if this is a rhetorical question or if you are asking me directly? I am not looking for a new hardware wallet currently, but if I was, a Trezor would be on top of my candidates list. I was just complimenting the device, not expressing a desire to purchase it right now. Because of its design flaws and unfixable vulnerabilities, I don't think it's worth close to $250. It's still an excellent product that deserves its place on the podium among the winners.     

[Hispo]

-snip-  

-snip-

The scenario I have in mind is Trezor launching their new generation to the market, that only would drop the price about 5-15%, because people would start also buying the new device over the model one and T. Added to this drop in the price I would also expect other chances to buy a model T with seasonal offer, let us say 10-15%.
So in the case it would be a discount of 30% and in the worst case it would be around 15%. I am not sure if these are realistic expectations, I would like a Model T but I am not in a rush to get one, I can wait for better prices.

The price of Bitcoin could also increase much leading people to buy more HWs, increasing demand and messing my estimations.