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It's impossible to answer this question without more information. What is the use profile of your system? How many clients, how often, what's the burst rate, what kind of reliability do you need? These all change the answer.
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Storage Boxes are even cheaper, 20 EUR (or less if you’re outside Europe) for 10TB + unlimited bandwidth.
If we are talking about serving files publicly I'd go with the €40 server for flexibility (the storage boxes are kind of limited), but still get a €20 Storage Box to have a backup of the data. Then add more servers as bandwidth and redundancy requires. But if splitting your traffic across multiple servers is possible you can also get the €20 storage box and put a couple Hetzner Cloud servers with a caching reverse pr…
There is always the hidden cost of not spending time on activities that are core to your business (if this is indeed for a business) that would make multiples of the money CF costs you.
If it's for internal use, I have had good results with Resilio Sync (formerly BitTorrent Sync). It's like Dropbox except peer to peer. So it's free, limited only by your client side storage. The catch is it's only peer to peer (unless they added a managed option), so at least one other peer must be online for sync to take place.
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Wasabi does not have any sort of unlimited bandwidth. In fact, they explicitly say that if your download exceeds 100TB/month your use case is not a good fit. https://wasabi.com/paygo-pricing-faq/#free-egress-policy
The 100TB was just an example. They don't want you using more bandwidth than your storage. If you're storing 500GB, then your bandwidth usage should be less than 500GB. Wasabi isn't meant for scenarios where you're going to be transferring more than you're storing.
Which is basically a roundabout way of saying, they're offering storage for backups, not for content distribution.
I would also like to ask everyone about suggestions for deep storage of personal data, media etc. 10TB with no need for access unless in case of emergency data loss. I'm currently using S3 intelligent tiering.
People here suggest Hetzner. Just be aware that their routing is maybe not as good as you get for more expensive bandwidth.
Hetzner has excellent connectivity: https://www.hetzner.com/unternehmen/rechenzentrum/ They are always working to increase their connectivity. I'd even go so far to claim that in many parts of the world they outperform certain hyperscalers.
If you recover only small data, it’s also not expensive. The only problem is if you recover large data. That would be a major problem.