Transferring an existing domain name entails switching the registrar that handles the registration service, so after the transfer itself, you will have to manage things like renewal fees or DNS record updates through the new company. The transfer process itself is standard with most generic and country-code top-level domain name extensions. Certain country-code extensions are more specific and involve different steps, but in the general case transferring a domain entails several necessary procedures and one of them is unlocking the domain. The domain lock is a security option, which is being embraced by more and more domain registry operators. It’s a standard feature supported by all generic top-level domain names. If a domain name is locked, it will be impossible to start a transfer procedure, so nobody can even try to take your domain name. The domain lock can be annulled only through the account where the domain name is registered in the first place and all new domain names that support this feature are locked by default when they are registered.