A domain name is a special address that you are able to buy via a registrar company. All units which are linked to the World-Wide Web, such as web servers, have numeric addresses, or IP addresses, which are rather hard to remember, because of this the domain system was introduced as an easy way to identify a certain site on the Internet. Using this method, your website can be reached at www.domain.com instead of 220.127.116.11, for example. Your domain name has two different parts - the Second-Level Domain, which is the actual site name that you will be able to select, as well as the Top-Level Domain, that is the extension - .com, .net, .org and so on. You are able to register your new domain from any kind of registrar or transfer a current domain between registrars in just a few simple steps. Whenever you choose to do the latter, your domain shall be renewed instantly by the gaining registrar as soon as the transfer process is finalized. Along with the universal Top-Level Domains, there're country-code ones as well. Some of them can be registered by anyone, while others will require local presence or even a business license.