Transferring an existing domain entails switching the registrar company that provides the registration service, so after the transfer itself, you’ll have to manage things like renewal fees or DNS modifications through the new company. The transfer procedure itself is standard with most generic and country-code top-level domain name extensions. Some country-code extensions are more specific and entail different procedures, but in the general case transferring a domain name involves several basic procedures and one of them is unlocking the domain name. The domain lock is a safety option, which is being embraced by more and more registry operators. It’s a default feature supported by all gTLDs. If a domain name is locked, it won’t be possible to initiate a transfer procedure, so no one can even attempt to snatch your domain name. The lock can be removed only through the account where the domain name is registered in the first place and all new domains that support this functionality are locked by default the moment they are registered.