Your domain name is your online identity as people refer to you by it.
Reasons for domain transfer
There are many reasons you may consider transferring your domain. These reasons include:
Legal reasons: In rare occasions, you may find that you have purchased a domain name that has already been bought by someone else. In such a scenario you will receive a letter from a lawyer asking you to transfer your domain to the person who purchased it first in order to avoid infringing on the copyright. For the right owner to receive the domain you have to transfer it.
Selling: Old domain names have online authority thus rank better than the new ones. If you are no longer interested in maintaining your website, you can sell the domain to another webmaster. The price that you sell at depends on the age of the domain and the number of backlinks pointing to it. For the new owner to receive it, you have to transfer it.
Change of hosts: Sometimes you might simply want to change your hosts. If you are uncomfortable with your current hosting company you can transfer your domain to another company.
Things you should know about domain transfer
When you are transferring a domain it's good to know that when you do it you don't change the servers for the domain. There is no problem if you are hosting your company with a DNS provider that you trust and love but if you are using your registrar's name servers, you have to switch to the DNSimple's name servers before you begin the transfer. This is to prevent the service provider from turning off your DNS records during the transfer.
For the transfer process to be possible, your domain name must be more than 60 days old. You also shouldn't have transferred it in the last 60 days. To begin the transfer process you need a transfer authorization code from your current registrar.
Failure of the transfer to go through
It's common for the transfer process to fail to go through. There are many reasons why this might happen. One of the reasons is if you haven't approved the transfer. For the process to begin you have to authorize it by clicking on the sent email. You should check on your admin email address to start the process.
The process also won't go through if your domain name has expired. For the process to proceed, you have to renew the domain. You should note that you have to wait for 60 days before you can be able to transfer it.
You also won't be able to transfer the domain if the domain is locked. You should check the admin area and if the domain is locked, unlock it.
Conclusion
This is what you need to know about domain name transfer. For the process to be possible you need have all the necessary requirements. You should have the transfer authorization code and your domain should be more than 60 days old. Also, ensure that the transfer credentials you give are correct.
