Post
Topic
Board Electrum
Re: How to redeem Casascius using Electrum
by
nc50lc
on 23/07/2021, 12:32:38 UTC
thanks for the info and that worked. The transaction is sitting in the history showing amount and balance but only 1 confirmation has completed. Guessing this takes a while?
1 confirmation means that it's already included in a block, you can now spend it.
The consecutive confirmations are just for safety against double-spend attacks (not that it's usual), the higher the safer your bitcoins are;
it'll take approximately 10minutes per confirmation.

But wait, you haven't read my other reply,
figures because there's one confirmation, means that you've swept (sweep) it.
There's not much issue as long as the recipient wallet isn't watching-only and you own the wallet where it was swept.