Is Buying Crypto Domains Profitable 2022

discuss subjects of the cryptocurrency world…Is Buying Crypto Domains Profitable. utilizing examples stories and examples so that you can quickly comprehend them in this video we are going to be discussing what unstoppable domains is how they might be much better than ens and what that means for individuals entering into the complex crypto area prior to we in fact get to comprehending the power of unstoppable domains the first thing we’ll require to do is comprehend dns here at white boards crypto we love using examples so that’s precisely what we’re going to be utilizing to help you comprehend dns so dns means domain service which is a fancy way of stating that it is a practical service which allows us people to key in human understandable addresses into the search bar and then it will immediately turn them into maker legible addresses so the majority of you are probably familiar with ip addresses and those are exactly how a computer system at one end of the internet understands how to talk particularly to another computer system elsewhere and not just shriek it into the abyss that is the web when you type in google.com and you struck enter your computer sends a message to your internet service provider saying yo where’s google the internet service provider learns and goes to where google is tells them that you are trying to find them and after that grabs a bundle back to send to you now the plan is then unpacked by your computer to show you the whole of the google.com home page utilizing complicated mathematics and software all of this

communication occurs behind the scenes however to you it’s simple and user friendly in fact if we needed to key in 8.8.8.8 into the url bar instead of google.com a lot more people would be confused right we do not speak in numbers or ip addresses we speak in dot coms dot orgs and webs because it makes sense to us so that’s basically what a dns is a translator for human beings to speak machine code next up let’s see how this works for crypto ens is basically the exact same thing that i simply pointed out except it’s for ethereum ens means ethereum name service and pretty much lets me inform you that whiteboardcrypto.eth is my wallet address so you can just type that in and pay me 20 if you desire by the way if you don’t have 20 and you wish to support the channel feel free to leave a like below it’s free and it rewards all our hard work on this video and the past hundred that we’ve been actually hard at work creating but anyways if you’re not used to comprehending crypto the option to sharing white boards crypto.eth with someone is i ‘d have to share

Present domain register to release domain name or in order to move it over to this other domain register etc uh when you have a dot crypto dot zill any type of blockchain based domain name you can move it to wherever you desire whatever wallet you desire with ease fine so now let’s delve into my laptop and enter the tutorial section of the video where i want to reveal you unstoppable domain how to get a domain name how to set up a specific wallet so you can attach the domain that you bought to your wallet etc so you can truly comprehend how to effectively use unstoppable domain names so let’s start welcome to my laptop computer let’s start so this is unstoppable domains.com now to start with this website is extremely simple you simply come here and after that you type in the domain name that you want right here and after that click on search now i desire simply want to point out that they do have specific rate points for how many characters are in the domain name that you wish to get so something over 8 characters will be 40 the smaller the domain the more pricey it’s going to be so for instance if i was come here and i key in my last name 2 400 uh i believe i’ll pass but anyways let me go on and just include this to haul for presentation purposes we’ll go to the carts and that’s it fine and

You click on here checkout and that’s it and so you can pay with a credit card paypal crypto or you can pay with the crypto.com app and i actually like i like that it’s flexible i like it’s that it’s not one of those weird crypto websites where you have to pay in cryptocurrency or you have to purchase unstoppable coin then exchange it or whatever no you can pay with however payment entrance you desire to utilize all right and that’s it and so as soon as you’re all set then you’ll have your my domain name list in your account and so we have right down there so i own my name dot crypto and make a site dot crypto and that’s it how to declare your crypto domain address now the factor why you ‘d want to go through the process and really declare uh your domain addresses since one then you in fact own it then 2 you can do whatever you want with it if you desire to go sell it on some type of like nft marketplace you can go ahead and do that fine so simply like when you purchase any type of cryptocurrency from an exchange like uh coinbase for example what it is is just an iou it’s an iou until you really move the cryptocurrency from coinbase to your own wallet this is the same so this is on there this is you understand it’s like a hot wallet i think you know this is you you have not claimed it yet so it’s an iou that you own this and so i just desire to briefly reference at the time of this video that there are a couple of ways to claim your domain name the first method is that you have to buy a claim with credits charge so that expenses uh at this time 40 per domain name and so that’s pays for the gas costs you’re like what are gas charges look this the ethereum network you in fact have to pay uh to move things on and off by means of gas costs number 2 is you can pay the gas costs straight from your own wallet so if you already have a wallet set up and you have ethereum in there you can pay with your own ethereum or you can simply wait till august so then they’ll have a scaling solution that makes it simple to claim but anyways to get started is very simple so we go here say if i desire to declare this one make a website.crypto we’ll claim with ethereum right there declare process started so now we have to send out the code by e-mail so click that and so right over here we’ll jump over here and wait for the code to strike my inbox there it is we’ll take this all right so here is the code i’ll take this we’ll simply highlight that best click copy paste there we go boom put that in okay terrific now you’re like whoa what do i do pick wallet for declaring so unstoppable domains has their own app we have a web 3 wallet coinbase wall all mu wall is particularly for ethereum now there are a couple of various wallets that they advise so for desktop there’s meta mask for mobile you can

use the coinbase wallet trust wallet for me personally i like metamask if you’re going to be utilizing desktop and i like trust wallet for mobile uh with regards to unstoppable domains so we’re simply going to use metamask so to get going with metamask is easy meta mask there we go okay so we click here then we wish to download it now click on that set up metamask for chrome alright and let’s go ahead and contribute to chrome add extension and there we go all right so now the metamask app is set up on our browser so we simply click start we are new to metamask so here is where you need to set up a wallet a wallet is what you finish with your cryptocurrency Is Buying Crypto Domains Profitable