Transferring an already registered domain name involves switching the company that handles the registration service, so after the transfer itself, you will have to manage things like renewal fees or DNS entry updates through the new company. The transfer procedure is standard with most generic and country-code top-level domain name extensions. Certain country-code extensions are more specific and involve different procedures, but in the general case transferring a domain entails a few necessary steps and one of them is unlocking the domain name. The lock is a security feature, which is being embraced by more and more domain registry organizations. It’s a standard feature supported by all gTLDs. If a domain name is locked, it will be impossible to initiate a transfer procedure, so nobody can even attempt to take your domain name. The 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 functionality are locked by default the moment they are registered.