A domain name is an easy-to-remember and unique website address which you are able to get for your web site. It designates a numeric IP address that is employed to distinguish sites and units on the Internet and it is much easier to remember or share. Every single domain name consists of two parts - the name that you select as well as its extension. For instance, in domain.com, “domain” is known as Second-Level Domain and it's the part you can select, while “.com” is the extension, that is also identified as Top-Level Domain (TLD). You are able to obtain a new domain via any licensed registrar company or transfer an existing one between registrars if the extension allows this feature. Such a transfer does not change the possession of your domain name; the only thing that changes is where you're able to handle that domain name. Most of the domain name extensions are free for registration by any kind of entity, yet numerous country-code extensions have specific requirements like local presence or an active company registration.