Transferring an existing domain entails changing the company that handles the domain registration service, so after the transfer itself, you’ll have to manage things like renewal payments or DNS entry updates through the new registrar. The transfer procedure is standard with most generic and country-code domain extensions. Some country-code extensions are more specific and involve different procedures, but in the general case transferring a domain name entails several basic procedures and one of them is unlocking the domain name. The lock is a security feature, which is being embraced by more and more registry organizations. It is a standard feature supported by all generic Top-Level Domains. If a domain name is locked, it will be impossible to start a transfer process, so nobody can even try to snatch your domain name. The lock can be removed 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.