How to buy a crypto domain? In today’s digital era, the concept of owning web addresses has evolved in parallel to the rise of crypto web addresses, also known as blockchain-based domains or NFT domains. These decentralized domains offer unique opportunities and advantages for individuals and businesses alike.
This comprehensive guide will walk you through the intricacies of purchasing a crypto domain. We’ll cover everything from understanding the domain transfer process to domain security tips.
Unstoppable Domains at a glance
What is a crypto domain?
Crypto domains, like website names, are a new way to own and control internet addresses. Imagine them as digital property protected by a special type of digital certificate — non-fungible tokens (NFTs).
Here are some top characteristics of web3 crypto domains:
- True ownership
- No central entity
- No censorship
- Easy payments
- Acts like a crypto wallet address
What’s the difference between a normal web domain and a crypto domain?
In the past, when you bought a web domain address, you didn’t really own it. It’s more like you were renting it — and had to keep paying to keep it. With crypto domains, you pay for it once, and it’s yours for as long as you want it. In this sense, a web3 crypto domain is an NFT domain.
Big organizations control regular web addresses, but crypto domains live on the blockchain, which no one person or group controls. This means you have full control over what you put on your website. On traditional websites, companies like Google could decide what you can and can’t say. But with crypto domains, no one can censor your content. You have the freedom to share whatever you want.
Crypto domains can also act like special wallets for cryptocurrencies. You can send and receive digital money using your domain name. With cryptocurrencies becoming an increasingly popular way to buy things online, this is handy.
How to buy a crypto domain
If you want to own a blockchain-based domain, you can do so in a few simple steps. Here’s how to buy a crypto domain using one of the most popular domain marketplaces, Unstoppable Domains.
Step 1. Go to Unstoppable Domains
The first thing to do is to create an account on Unstoppable Domains.
To connect to Unstoppable Domains, you can either use your Google email account, your X (formerly Twitter) account — or connect with your crypto wallet.
Featured crypto wallets accepted by Unstoppable Domains
Wirex Wallet
Coinbase Wallet
Zengo Wallet
Step 2. Search for NFT domains
After connecting to Unstoppable Domains, you can now search your desired crypto web addresses in the crypto domain marketplace to see if they’re available. Remember that these blockchain-based domains are NFT domains; therefore, each is unique.
The name for your domain is entirely your choice. This is a crypto web address and can be used to create your personal or business website and/or to send and receive crypto. Decide the scope of your domain before you purchase it.
Note that each domain has a different price. Here are some domain pricing factors to consider:
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- Domain extension (.x, .crypto, .nft, .blockchain, .wallet, etc.)
- Domain length (shorter names tend to be pricier)
- Domain popularity
- Brading (brand domains tend to be protected, and brands need to apply to get them)
If you are unsure what your domain name should be, a top tip is to use the built-in AI search engine to get some ideas. Describe your business, and the AI will suggest some NFT domains.
Step 3. Add domain to cart
After you find your preferred domain name, click “Add to cart.”
In your cart, you can add any discount code and choose to add it to the Unstoppable Vault. The vault option keeps your domains in a private custodial domain vault.
According to Unstoppable Domains, “keeping domains separate from your other assets reduces the risk of hackers stealing your domain or making unauthorized changes.”
Step 4. Go to checkout
Crypto domains are tied to a crypto wallet.
You can choose to connect the chosen domain to your wallet in this step, or you can skip this step for now. You can also add another wallet at this point, different from the one you already used to connect to the platform, to tie to your chosen domain.
Make sure that this is a wallet you own and have access to.
After choosing your wallet, you can choose your payment (card, PayPal, crypto, or Crypto.com account).
Note that the domain will be minted to your wallet at the moment of purchase.
Note: If you choose crypto, you will receive instructions on how to make the crypto payment from your wallet.
In this example, we have used the crypto payment method. After payment, wait for a few moments. The platform will automatically detect the payment, changing the status of your order.
You now have to wait for the transaction to be confirmed and to have your new domain minted on the blockchain.
Step 5. Enjoy using your new crypto domain
After completing the transaction, you will receive this “Thank you” message from Unstoppable Domains.
And that’s how you buy a crypto domain on Unstoppable Domains.
Can I buy a domain with crypto?
As demonstrated above, you can buy a domain with crypto. The Unstoppable Domains platform allows you to choose your desired payment method. When you choose to pay with crypto, you will be shown an amount to pay and the crypto address for payment.
Then, head over to your wallet and make that transaction, as you would send the funds to another crypto wallet. Then, head back to the platform to receive confirmation of payment. It might take a few moments for the platform to detect your platform, so be patient.
Can I sell my crypto domain?
Yes, you can sell your crypto domain.
In your Unstoppable Domains account, you will find a list of your domains.
Choose the crypto domain you want to sell, and click on “Manage.”
You can then choose “Transfer” or “Sell domain” from the menu of the domain.
If you have already found a buyer for your domain, you can settle the payment between the two of you. After that, you can simply transfer the domain to the new address of the owner. The domain transfer process is straightforward. This action is irreversible, so make sure you get the correct address of the buyer.
The second option is to sell the domain by listing it on the platform. Select the “Sell domain” option from the menu and choose to either list the domain on Unstoppable Domains or OpenSea.
Follow the steps to complete the listing of your domain.
The sky is the limit with a crypto domain
Understanding how to buy a crypto domain is the first step in harnessing the potential of this innovative technology. In this evolving digital landscape, crypto domains represent a powerful fusion of technology and ownership, offering individuals and businesses alike a chance to take control of their online presence in a way that was previously unimaginable. As the crypto domain ecosystem continues to grow and mature, staying informed about this exciting space will be key to unlocking its full potential.
Frequently asked questions
What is a crypto domain?
What is an example of a crypto domain?
Are crypto domains safe?
How much does ETH domain cost?
How do I create a crypto domain?
What are NFT domains?
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