Even when you register and pay for your domain name, you won't necessarily be able to use the name for several hours or even a few days. The domain must propagate, meaning that the official domain name registry must be updated with your website's Domain Name System information. That's something that occurs on the backend without any need of input from you.
Official marketplaces offer a third possibility for domain traders to peddle their product. Domain marketplaces, such as Sedo, GoDaddy.com, or BuyDomains.com, link potential buyers with domain holders hoping to sell their prized virtual property. These platforms function as a kind of domain real estate agency and are known to demand somewhat high prices for their services.

NameCheap offers domain names to individuals and businesses, including a wide range of new TLDs that can draw further attention to your particular business segment. They also have a user-friendly control panel for buying domain names as well as offer hosting and tools for building your website. I personally used them to transfer over 25 domain names at once, and it took a few days and about three clicks. They're my go-to processor for names I'm just looking to hold.
A fully qualified domain name (FQDN) is a domain name that is completely specified with all labels in the hierarchy of the DNS, having no parts omitted. Labels in the Domain Name System are case-insensitive, and may therefore be written in any desired capitalization method, but most commonly domain names are written in lowercase in technical contexts.[2]
Premium domains (also known as aftermarket or pre-registered domains) are short domains, often just one word or even just 3-5 letters. Most of them have a .com extension but many premium domains end with .org, .net, and .biz. These domains include common words and are generally the most memorable. Because companies value short domains that match their company name or products, these domains are typically the most desirable. Additionally, certain domains sold by different registries are considered premium and therefore have a higher price point. In some cases, the renewal costs of these higher-priced domains are also quite expensive. Some high-priced premium domains, though, renew at a regular (lower cost) rate, giving you a better value in the long term. Make sure to research the overall cost of the domain plus renewal to find the right domain for your budget. You can browse Namecheap's premium domains in our Marketplace.
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