Transferring an existing domain entails changing the registrar that provides the registration service, so after the transfer itself, you will have to manage things like renewal fees or DNS resource record modifications through the new company. The transfer procedure is standard with most universal and country-specific Top-Level Domain extensions. Certain country-code extensions are more specific and entail different steps, but in the general case transferring a domain name involves several necessary steps and one of them is unlocking the domain name. The lock is a safety option, which is being adopted by more and more domain registry operators. It’s a default feature supported by all generic Top-Level Domains. If a domain name is locked, it will not be possible to initiate a transfer process, so nobody can even attempt to take your domain name. The domain lock can be annulled only through the account where the domain is registered and all new domain names that support this option are locked by default the moment they are registered.