Questions tagged [electrum wallet]

CryptoConqueror Sun Jul 14 2024 | 7 answers 1644

I'm curious about the efficiency of the Electrum wallet when it comes to sending Bitcoin transactions. Could you elaborate on the typical duration it takes for a Bitcoin transfer to be completed using Electrum? I've heard about the blockchain's confirmation process, but I'm not entirely sure how that translates into real-world transaction speeds with Electrum. Is there a general timeframe that one can expect, or does it vary depending on factors like network congestion or the amount of the transaction? Clarifying this would help me better understand the usability and reliability of the Electrum wallet for Bitcoin transactions.