Ok - I set up electrum and sent over .01 BTC as a test. Couple more questions...
The private key, is that the 12 word combination I was told to write down? Or is that used just used for recovering the wallet?
I also did another test transfer from Electrum to my Coinbase account. I intended to send the .01 BTC, but Electrum wouldn't let me send it with any less that a 0.0006 BTC fee. Is this normal? Those are high fees if you intend to use the wallet much at all. And is the fee relative to how large the transaction is? if I sent 1 BTC would it charge me .06?
Thanks guys