Transferring an existing domain entails switching the domain registrar that handles the domain registration service, so after the transfer itself, you will have to manage things like renewal fees or DNS record updates through the new registrar company. The transfer process is standard with most top-level domain name extensions. Certain country-code extensions are more specific and involve different steps, but in the general case transferring a domain name entails several necessary steps and one of them is unlocking the domain name. The domain lock is a security feature, which is being embraced by more and more registry organizations. It’s a default feature supported by all generic top-level domain names. If a domain is locked, it won’t be possible to start a transfer process, so no one can even attempt to register your domain name. The domain lock can be removed only through the account where the domain name is registered and all new domains that support this feature are locked by default when they are registered.