Transferring an already registered domain involves changing the registrar company that handles the registration service, so after the transfer, you will have to manage things like renewal fees or DNS entry updates through the new registrar. The transfer procedure is standard with most TLD extensions. Some country-code extensions are more specific and involve different procedures, but in the general case transferring a domain name involves several necessary procedures and one of them is unlocking the domain name. The domain lock is a security option, which is being embraced by more and more domain registry operators. It’s a default feature supported by all gTLDs. If a domain name is locked, it won’t be possible to initiate a transfer process, so no one can even try to snatch your domain name. The lock can be removed only through the account where the domain name is registered in the first place and all new domain names that support this option are locked by default when they are registered.