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