What is the Domain Transfer used? What are advantages of it? Drawbacks?

[maabdullah]

Hi Godaddy. I have purchased a domain asiacup.net from Godaddy. It is working absolutely fine for me. One of my friends suggested to me to shift it to another domain registerar i would not like to mention the name of the registrar. I am not too much into technical field, neither i don't have much technical knowledge. Therefore i have decided to ask from the experts that why the domain transfer is important and what are the benefits and drawbacks of that. 

[justingodfrey]

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@maabdullah wrote:

Hi Godaddy. I have purchased a domain asiacup.net from Godaddy. It is working absolutely fine for me. One of my friends suggested to me to shift it to another domain registerar i would not like to mention the name of the registrar. I am not too much into technical field, neither i don't have much technical knowledge. Therefore i have decided to ask from the experts that why the domain transfer is important and what are the benefits and drawbacks of that. 

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@maabdullah I'm not showing that domain name as registered...the benefits of registrars vary based on what services you'd like to use, cost of renewals, etc.

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