Apr 24
Things to look out for when Purchasing a NFT domain
Getting started on Web3 is as simple as purchasing an NFT domain name. Here are a few things to think about before you start.
1. Buying vs. renting
Price, like any other aspect of any buying decision, can have a significant role. It’s easy to get seduced into purchasing a name at a low cost, but don’t be fooled; not all domain purchases are created equal. Some registrars (businesses that oversee the reservation of Internet domain names) advertise incredibly low prices, but you must pay annual renewal costs for the rest of your life, thereby tying you into paying higher money each year to keep your domain.
Keep an eye out for:
Will you have ownership of your domain or will you be renting it for the rest of your life?
Fees for annual renewal: Is there a price for renewing your domain? Do they get better with time? Is there any assurance from the registrar that prices will not rise in the future? What happens if you don’t make a payment? These are crucial questions to ask so you understand exactly what you’re getting into.
Fees for gas: The majority of blockchain transactions necessitate the payment of gas fees. It’s crucial to know whether your domain registrar plans to cover gas prices in the future or if this is a cost you should anticipate to pay in the future.
2. Usability
Consider whether the name you choose (whether it’s a letter, number, or emoji) is easy to remember, read, and recognise when purchasing a domain name. If people are sending you money or looking for your website, you’ll want to be sure your domain isn’t confused with another one.
For instance, you would want to avoid using too many of the same letters in a row to avoid individuals typing the erroneous combination by accident (iii.crypto looks very similar to iiii.crypto).
3. Customer Service
Some registrars don’t provide 24/7 support or even real people, which can leave you in a bind if you require assistance. Instead of offering a separate support crew, some companies will rely on their sales teams. When acquiring a domain, make careful to read reviews regarding your registrar’s support team or contact them directly before making a purchase. You want a registrar that is pleasant and professional in their services and help, not one who treats you like a cash register.
4. Support for native browsers
If you want to utilise your domain to host a website or an NFT gallery, you’ll want to make sure it’s compatible with as many native browsers as feasible or that it offers browser extensions.
Check if they’re compatible with Opera, Brave, and whether they have Chrome or Firefox extensions, to name a few. We expect more browsers to support NFT domains over time, but in the meanwhile, it’s best to stick with the ones that have the most support right now.
5. Wallet compatibility
What good is an NFT domain as a wallet username if the wallets you own don’t support it? Check to see if the domain registrar you’re working with supports some of the most popular wallets, such as Coinbase, Metamask, and Trust Wallet, to name a few. When you opt to change your wallet addresses with your domain name, believe us when we say that this will make your life a lot easier.
So what are you waiting for?
Search for your domain today at UNSTOPPABLE DOMAIN!
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