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