Put your coins away for Pizza Day

Promotions

Would you rather have a pizza, or 10,000 bitcoin? Without a good place to store your coins, you may be better off with pizza.

Pizza Day celebrates the exchange of bitcoin for real world goods, not the fact that Laszlo Hanyecz overpaid for his family dinner. What are the odds that he would still be hodling today if he’d just paid cash instead? Without access to a hardware wallet, holding on to your keys for that long would have been a stroke of luck. But nowadays it’s easy to store and manage bitcoin safely.

Keeping your bitcoin in cold storage helps ensure its under your sole control for decades to come. Managing your keys on a hardware wallet keeps your coins secure, with complete independence. Get the Trezor Model One Pizza Day Bundle and put your coins into self-custody for the long term.

Pay for next pizza in fiat — who knows how many pizzas 100,000 satoshis will get you in a decade’s time?

Trezor Model One Pizza Day Bundle

Take control of your bitcoin with a Trezor Model One Pizza Day Bundle and get a free colorful silicone case! The offer’s valid from today until just after Pizza Day, ending May 23. Available in a choice of seven colors, you’ll be sure to find the one that works for you.

Trezor Model One Pizza Day Bundle - Raspberry Red

Silicone cases for both Trezor models can also be purchased individually from Trezor Shop, so you can color-code your whole collection! Make sure to check out our other accessories as well and get set up for a long hodl.

Pizza priced in bitcoin

Pizza’s ties to bitcoin extend beyond Pizza Day. As a fast-food staple, the price of pizza is a great symbol of inflationary forces. The dollar-a-slice promise becomes a hard peg to maintain when the cost of ingredients rise by double-digit percentages. The bitcoin Laszlo spent are worth more today, and so is pizza. Both have seen the value of a dollar decrease, albeit at different rates.

Storing bitcoin for the next ten years may not make you rich, but in fiat terms you could still end up a millionaire, for better or worse. The real test here is whether you’ll be able to afford any more pizza than you can today. Looking at the cost of pizza in bitcoin over the past decade, there’s a good chance you will.

In 2010, two pizzas were sold for 10,000 bitcoin — a trillion satoshis. A year later, the price would be roughly 670 million sats for the same order.

By 2017, a delicious family pizza night had fallen to just 0.02 bitcoin, or a whopping 2 million satoshis depending on your perspective.

Last year for Pizza Day, the cost of ordering a pizza was 120,000 sats. How much pizza do you reckon that’ll get in a decade from now?

Take your bitcoin off exchanges

More and more people are starting to invest in bitcoin, but far too many are entrusting their coins to an exchange. There’s no reason to leave your bitcoin in someone else’s custody. In fact, if you do, they aren’t really your bitcoin.

When an exchange holds your coins for you, they have no obligation to ever let you withdraw them: if Coinbase goes bankrupt, they actually reserve the legal right to keep your coins.

What is crypto custody and why is it important? | Invity.io

Exchanges can charge massive fees for withdrawal, as they don’t want you walking away with your coins. But how can you buy bitcoin without an exchange? There are a number of ways, including methods that don’t require any registration, described in our piece Buy bitcoin without KYC, but you can actually keep using exchanges and have funds sent directly to your custody by using Invity in Trezor Suite.

Invity is the best way to instantly compare prices and buy, sell and exchange cryptocurrency directly from Trezor Suite. All the exchanges that partner with Invity have long track records of excellent service, and you can pay as you prefer, by card, bank transfer, or using other local payment options. Best of all, any coins you buy will be sent directly to the secure custody of your hardware wallet, meaning no more withdrawals and full control of your bitcoin!

Bitcoin’s best served cold

Cold storage is the best way to maintain access to your bitcoins well into the future. Using a hardware wallet gives you confidence by creating a secure recovery seed, a backup that lets you recover your keys, and a simple way to access your bitcoin in seconds.

The biggest step you can take to improve your bitcoin security is to create and store keys offline. The Trezor Model One is an affordable, robust and easy-to-use hardware wallet that provides all the necessary protections for long-term bitcoin storage. Trezor wallets create and store keys offline, and make it simple and safe to manage your money yourself.

Don’t get burned with your investment by leaving your bitcoin on an exchange. Move to self-custody today!

Put your coins away for Pizza Day was originally published in Trezor Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.