Kobo recently raised the price of its Libra Colour e-reader to £219.99 (€259.99), but today’s deal effectively erases that hike, making it one of the best times to grab my favorite alternative to Amazon's Kindle.

The waterproof Kobo Libra Colour offers physical page-turning buttons, stylus support and a sharp color screen, providing many of the same core features as the Kindle Colorsoft, including a seven-inch color display that makes book covers, comics, and highlights pop with only slightly less vibrancy than the color Kindle. It’s also waterproof so you can rest easy at the beach, and features adjustable warm lighting for more comfortable nighttime reading.

Unlike its Amazon rival, the Kobo Libra Colour supports EPUB and a broader range of file formats, making it easier to read books from a variety of sources, while offering twice as much storage (32GB). It includes physical page-turning buttons, which I find make for a more intuitive reading experience. It also supports Kobo’s optional Stylus 2, letting you annotate ebooks, jot down handwritten notes, use built-in notebook templates and even convert your handwriting into typed text.

While the Kobo Elipsa 2E or Kindle Scribe might be better for dedicated digital note-taking, the Libra Colour is far more practical for quick notes than using a phone. It also works with Instapaper, making it easy to save web articles for offline reading.