15% discount on Trezor hardware wallets

[m2017]

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.     

Ok, I understand your position. May I also ask why you are choosing model T, not One? What is it connected with?

-snip-  

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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.

That's right, there is a chance that the new model will attract buyers, leaving the old model with low sales. Then, this would be an ideal time to buy in terms of the price, which will have to drop due to low demand. There are many factors that can influence a Trezor's decision about discounts and prices for their devices. Including demand for HWs during the rise of bitcoin. A bear market is the best time for this.

Regarding discounts: let's see if Trezor will make discounts for their devices on Black Friday. Purely out of curiosity. It seems to me that 2 discounts in a row with an interval of less than 1 month looks too very good.

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[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.

That's right, there is a chance that the new model will attract buyers, leaving the old model with low sales. Then, this would be an ideal time to buy in terms of the price, which will have to drop due to low demand. There are many factors that can influence a Trezor's decision about discounts and prices for their devices. Including demand for HWs during the rise of bitcoin. A bear market is the best time for this.

Regarding discounts: let's see if Trezor will make discounts for their devices on Black Friday. Purely out of curiosity. It seems to me that 2 discounts in a row with an interval of less than 1 month looks too very good.

It sounds pretty good but it is unlikely, in my opinion.
Specially after this disaster we are witnessing with the FTX exchange, it is possible that some people will move their funds out exchanges just in case, prompting an increase of demand for hardware wallets from both Trezor and Ledger, if this is the case these companies would see no reason to offer more discounts this next black friday.

I would expect Trezor to keep a 15% or offer packs of Hardware wallets together with their silicone cases. Let us see...

[Pmalek]

Trezor is calling the upcoming Black Friday event the biggest Black Friday sale ever! They might be planning something special. Something is telling me that we are going to see even bigger discounts than the 15% the company organized at the beginning of November. Whatever it is, the promotion begins on 21 November and will last until 27 November!

[OmegaStarScream]

Trezor is calling the upcoming Black Friday event the biggest Black Friday sale ever! They might be planning something special. Something is telling me that we are going to see even bigger discounts than the 15% the company organized at the beginning of November. Whatever it is, the promotion begins on 21 November and will last until 27 November!

-snip-

I expect other hardware wallet providers to do the same thing, because of what has been going on with FTX.

[Pmalek]

I expect other hardware wallet providers to do the same thing, because of what has been going on with FTX.

It is a great opportunity for them to profit from this unpleasant situation. It all began with this new Proof of Reserve nonsense, where other centralized exchanges are trying to prove how much better they are than FTX. And with the upcoming Black Friday, Christmas, and the New Year, we will surely see an attempt by hardware wallet manufacturers to further increase their userbases as well. And what better way to acquire new users than to offer good discounts on your products followed by the usual "not your keys, not your coins" slogans? Not that it isn't true, but they are and will take full advantage of the situation.       

[SFR10]

Something is telling me that we are going to see even bigger discounts than the 15% the company organized at the beginning of November.

I also have the same feeling ^{[in the previous three years, they gave bigger discounts (2019 = 30%, 2020 = 20% and 2021 = 20% but not for the HWs)]}, but at the same time, I'm wondering how could they afford to give bigger discounts while there are still ongoing issues with chip shortages?!

[Pmalek]

...but at the same time, I'm wondering how could they afford to give bigger discounts while there are still ongoing issues with chip shortages?!

The chip shortage might not be that big of a problem as it was during the COVID times. I am pretty sure that crypto users are already showing greater interest for popular hardware wallet brands already. I think Ledger said somewhere they are already onboarding more people than usual since the FTX fiasco. I have no reason to think Trezor isn't also experiencing the same. And the companies might be willing to loss some profits short-term by offering cheaper products to gain more customers.   

[dkbit98]

but at the same time, I'm wondering how could they afford to give bigger discounts while there are still ongoing issues with chip shortages?!

They probably loaded up with microchips when they were available for cheaper prices, and chip shortage is not so severe as it was few months ago or last year,
than they increased device prices a lot after that, so now they can afford to offer bigger discounts.
As much as I appreciate was Trezor has done for hardware wallets and overall Bitcoin industry, I wouldn't buy any of their devices now, even with big discounts.
I would still use them if I receive them for free, but I think there are better options on the market right now.

[SFR10]

The chip shortage might not be that big of a problem as it was during the COVID times.

They probably loaded up with microchips when they were available for cheaper prices, and chip shortage is not so severe as it was few months ago or last year,
than they increased device prices a lot after that, so now they can afford to offer bigger discounts.

I think I had an unrealistic expectation that once the chip shortage issue settles, they'd revert prices to the pre-covid phase.
^{- At this rate, I wouldn't be surprised to see the Model R with a price tag of $350+ on its launch date!}

I wouldn't buy any of their devices now, even with big discounts.
~Snipped~
but I think there are better options on the market right now.

Even if you didn't own the Model One?

[Pmalek]

Even if you didn't own the Model One?

If we got a promo price of around €170-€200 for the upcoming Black Friday event (I doubt we will), I would consider getting a Trezor Model T. With a good passphrase and a secret code stored on a SD card, we can mitigate the hardware vulnerability of the device and make it secure enough. Together with Ledger, Trezor is the oldest and most popular brand. I have more trust in them than in the newer manufacturers on the block. The Foundation Passport is appealing to me personally if it wasn't for its young age. 

[m2017]

It sounds pretty good but it is unlikely, in my opinion.
Specially after this disaster we are witnessing with the FTX exchange, it is possible that some people will move their funds out exchanges just in case, prompting an increase of demand for hardware wallets from both Trezor and Ledger, if this is the case these companies would see no reason to offer more discounts this next black friday.

I would expect Trezor to keep a 15% or offer packs of Hardware wallets together with their silicone cases. Let us see...

Indeed, FTX exchange incident will prompt many users to change their crypto storage strategy  and move their assets to devices. I expect a surge in sales of devices from well-known brands, like trezor and ledger.

They already had a 15% discount recently, and if they scream about the biggest Black Friday sale ever!, then they are unlikely to limit themselves to a bonus silicone case. It looks like they are preparing a unique offer for their customers this time. Trezor has one main competitor (Ledger is doing better with marketing) who will also be trying to get new customers amid the events with the  FTX exchange and here trezor will need to try to beat them with something unusual.

[Pmalek]

Indeed, FTX exchange incident will prompt many users to change their crypto storage strategy  and move their assets to devices.

I was checking Ledger's Twitter feed a few hours ago to see if they announced anything for Black Friday (nothing yet), and I came across a tweet where they said they have already recorded a 7x increase in sales in the days following the FTX drama. They are also claiming their support is overwhelmed with inquiries about hardware wallets and stuff like that. They seem to be suggesting that some of the server issues that dkbit98 was talking about in Ledger Server Problems could be a result of the unexpected increase of new users all coming in at the same time. If that's the case, maybe it's time to consider greater server capacity.   

[Hispo]

It seems I was wrong and Satoshilabs is indeed planing to drop some Black Friday offers this year.
There are not details given whatsoever yet, neither on their Reddit nor on the webpage, there must be some update soon.

They are marketing this as their "biggest" Black friday offer to date, my expectations are up.

Any thoughts? I hope they are not hyping up people just to present a 10% off.

Source: https://www.reddit.com/r/TREZOR/comments/yv6ibb/one_more_week_until_trezors_biggest_black_friday/

[m2017]

It seems I was wrong and Satoshilabs is indeed planing to drop some Black Friday offers this year.
There are not details given whatsoever yet, neither on their Reddit nor on the webpage, there must be some update soon.

They are marketing this as their "biggest" Black friday offer to date, my expectations are up.

Any thoughts? I hope they are not hyping up people just to present a 10% off.

Source: https://www.reddit.com/r/TREZOR/comments/yv6ibb/one_more_week_until_trezors_biggest_black_friday/

Satoshilabs has already announced this event and it will be bad for their reputation if they cancel it. If they offer a 10% discount, this will also go unnoticed by their users. Recently there was a 15% discount, and against this background, 10% will definitely not look like the "biggest discount" and dissatisfied ones will appear. Which no firm wants to allow. Today is already November 21 and it would be time for them to announce what discounts trezor will offer, otherwise why were these loud statements needed. We should probably find out soon.

[OmegaStarScream]

According to this article, the sale is live (up to 30%): https://blog.trezor.io/black-friday-sale-begins-752274134b2d

Apparently, you can get the Trezor One model for under 50$ but so far, I don't see anything. Maybe they released the blog article before applying the discounts.

[Pmalek]

Apparently, you can get the Trezor One model for under 50$ but so far, I don't see anything. Maybe they released the blog article before applying the discounts.

Yeah the Black Friday deals haven't gone live yet. There is a paragraph under the first image in the blog post that says the prices on the Trezor shop will be updated in the next couple of hours.
A Trezor One for below 50$ is an excellent deal if you ask me. Let's see if the Trezor T will go below $200 with a discount...

[m2017]

According to this article, the sale is live (up to 30%): https://blog.trezor.io/black-friday-sale-begins-752274134b2d

Apparently, you can get the Trezor One model for under 50$ but so far, I don't see anything. Maybe they released the blog article before applying the discounts.

This is indeed the case, and 30% discount is confirmed by the tweet:

"🎁 Trezor’s biggest Black Friday sale ever!

Up to 30% off hardware wallets and accessories.
Offers last till November 28."

_{Link to source: https://twitter.com/Trezor/status/1594730551780737025?cxt=HHwWgoDUtZq_z6EsAAAA}

But there is a small problem:

Did the servers not withstand the influx of new customers. It seems that against the backdrop of the latest events in the industry, HW device sellers will reap a very good "harvest".

[Hispo]

Let's see if the Trezor T will go below $200 with a discount...

I just checked and I can confirm they are selling the Trezor model T for 181$, not bad to be honest.
The only problem (as mentioned before) is the fact that the webpage is having problems because of the people getting onto this offer. they even had to enable the DDoS protection.
I wonder if Trezor costumer service will able to handle this influx of costumers, in situations like this one they could get overwhelmed.

 

[Pmalek]

But there is a small problem:
Did the servers not withstand the influx of new customers. It seems that against the backdrop of the latest events in the industry, HW device sellers will reap a very good "harvest".

Damn it. This must all be because of Ledger and their crappy partnership with FTX that is causing these problems with Trezor's website and servers. I am sure dkbit98 will fill us in. Pun intended.
It wasn't working for me before either, but now it's up and running again.

I just checked and I can confirm they are selling the Trezor model T for 181$, not bad to be honest.

I guess that depends where you are in the world. If you want to ship it to a country in the EU, you are looking at prices of €220-€230. The price you see is probably without VAT (non-EU, Asian, American countries). You have to take that into consideration depending on how much VAT you are required to pay and how big the amount is that doesn't require paying any duties in your country.   

[dkbit98]

They are marketing this as their "biggest" Black friday offer to date, my expectations are up.
Any thoughts?

Nobody can beat this year Black Friday offer for Keystone hardware wallet, that is up to 40% discount!
Trezor is also offering very good deals, but I said before that I am waiting to see new device they release with secure element and I am  not purchasing anything from Trezor until then.
However, if someone doesn't have much money and still want's to purchase decent hardware wallet, Trezor One is still usable and ok for current BF price.

I just checked and I can confirm they are selling the Trezor model T for 181$, not bad to be honest.

Still expensive for me.
Passport hardware wallet is a bit more expensive but it's way better than Trezor Model T.
Even Coldcard and Keystone are better, and they are currently much cheaper.
Jade hardware wallet could also be considered, it's going to be airgapped soon with firmware update, and it's around $40 to $50.