Transferring an already registered domain name entails changing the registrar company that provides the domain name registration service, so after the transfer itself, you’ll have to manage things like renewal payments or DNS entry updates through the new domain registrar. The transfer process itself is standard with most top-level domain name extensions. Some country-code extensions are more specific and involve different procedures, but in the general case transferring a domain involves several basic steps and one of them is unlocking the domain name. The lock is a security option, which is being embraced by more and more domain registry operators. It is a default feature supported by all generic top-level domain names. If a domain name is locked, it won’t be possible to initiate a transfer process, so no one can even attempt to steal 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 domain names that support this option are locked by default when they are registered.