If you want to monitor the transaction yourself:
Create a new watch-only imported wallet in "File->New/Restore" and select the option "Import bitcoin addresses or private keys".
You can paste your friend's address there to create a watch-only wallet to "watch" transactions associated with it.
Good idea, thank you! Now that I'm in the final hour of this transaction there is a misunderstanding between me and my friend on the transaction fees, so I was hoping one of you could provide some basic clarity for me...
Currently, miners are including transactions paying 2-3 sat/vbyte in the blockchain. Set the transaction fee rate to 4 sat/vbyte and your transaction will probably confirmed in the first block.
...if you are in a hurry and use the fee rate of 2 sat/vbyte
So using those examples above and/or going with the default setting in Electrum, can somebody please tell me what the "approximate fees" would be for BOTH me and my friend at the current rate, because there will be a transaction fee for me to send it to him through Electrum, and another transaction fee for him to send it to his source to cash out, therefore I'm trying to figure out a "rough estimate" on what the total cost would be for BOTH transfers if I send my friend 0.3 BTC (approximately $30k).
I realize these fees vary depending on my Electum fee setting, time of day, how busy network is, and the method my friend is using... but I'm just looking for a "ballpark" for BOTH transfers.
Thanks again for all your help.