you can look for coinbase wallet for long term holdings
Are you guys really suggesting to use a web wallet for long term storage ?
This is probably the worst of all possible ideas..
I have had pleasant experiences with GreenAddress and Jaxx
Jaxx is not good either. Jaxx doesn't protect your private keys
at all.
Once, someone gains access to your computer, your funds will be gone.
@OP
If you want to hold your coins long-term, without accessing them frequently and don't want to use a hardware wallet,
you should either use a dedicated offline device (e.g. old laptop / computer) or a paper wallet.
Long term storage doesn't require your wallet to be connected to the internet at all. It is way more secure if you store it completely offline.
You don't even need to create a 'traditional' paper wallet (which can be quite tricky to spend from regarding change addresses etc.).
My suggestion would be:
- Download a live linux distro
- Boot into your live linux
- Download electrum
- Verify the signature of electrum to make sure you have the original one and not a malicious fake version
- Create a wallet in electrum
- Write down your 12 word mnemonic code (this is used to create all private keys associated with this wallet)
- Write down one (or multiple) addresses of your wallet
- Make sure you have your 12 word mnemonic code!
- Shutdown your live linux and format the USB
- Profit.
Then you'll have your 12 word mnemonic code which can always create the necessary private keys to spend from your addresses.
If you want to access them, simply again use a live linux distro + electrum with your backed up mnemonic code. You won't have to worry about change addresses because they are included in your seed (derived from the 12 word mnemonic).
Note, that you don't have to actually use electrum. You could also use any BIP39-compatible wallet (for more compatibility in the future).
Even though electrum does not generate BIP39 mnemonic codes, you will still be able to always derive the seed from the mnemonic. Even if electrum doesn't exist anymore by then.