Is Domain Flipping Worth It 2022

describe subjects of the cryptocurrency world…Is Domain Flipping Worth It. using examples stories and examples so that you can quickly understand them in this video we are going to be describing what unstoppable domains is how they might be much better than ens and what that indicates for individuals entering the complex crypto space before we really get to understanding the power of unstoppable domains the first thing we’ll require to do is comprehend dns here at whiteboard crypto we like utilizing examples so that’s exactly what we’re going to be using to help you understand dns so dns means domain service which is an expensive method of saying that it is a handy service which enables us people to enter human understandable addresses into the search bar and then it will immediately turn them into machine readable addresses so most of you are probably acquainted with ip addresses and those are precisely how a computer at one end of the web knows how to talk specifically to another computer elsewhere and not simply yell it into the void that is the web when you enter google.com and you hit enter your computer system sends a message to your internet service provider stating yo where’s google the internet service provider discovers and goes to where google is tells them that you are looking for them and then grabs a package back to send to you now the package is then unpacked by your computer system to show you the entirety of the google.com home page using complex mathematics and software all of this

communication occurs behind the scenes but to you it’s basic and user friendly in fact if we had to key in 8.8.8.8 into the url bar instead of google.com a lot more people would be puzzled right we do not speak in numbers or ip addresses we speak in dot coms dot orgs and nets because it makes good sense to us so that’s basically what a dns is a translator for humans to speak machine code next up let’s see how this works for crypto ens is essentially the very same thing that i just discussed except it’s for ethereum ens stands for ethereum name service and practically lets me inform you that whiteboardcrypto.eth is my wallet address so you can merely type that in and pay me 20 if you desire by the way if you don’t have 20 and you want to support the channel feel free to leave a like listed below it’s complimentary and it rewards all our effort on this video and the past hundred that we have actually been really hard at work producing however anyways if you’re not used to comprehending crypto the option to sharing whiteboard crypto.eth with someone is i ‘d have to share

Current domain register to launch 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 transfer it to wherever you want whatever wallet you want with ease okay so now let’s jump into my laptop computer and get into the guide area of the video where i wish to reveal you unstoppable domain how to get a domain how to establish a particular wallet so you can attach the domain that you bought to your wallet and so on so you can really comprehend how to appropriately use unstoppable domain so let’s get started welcome to my laptop let’s begin so this is unstoppable domains.com now to get started with this site is extremely simple you simply come here and then you key in the domain name that you want right here and after that click on search now i desire just want to point out that they do have particular rate points for the number of characters remain in the domain name that you wish to get so something over 8 characters will be 40 the smaller the domain the more expensive it’s going to be so for instance if i was come here and i key in my surname 2 400 uh i believe i’ll pass but anyways let me go ahead and simply add this to cart for presentation functions we’ll go to the carts which’s it all right and

then you click here checkout which’s it and so you can pay with a charge card paypal crypto or you can pay with the crypto.com app and i truly like i like that it’s versatile i like it’s that it’s not one of those unusual crypto sites where you need to pay in cryptocurrency or you have to purchase unstoppable coin then exchange it or whatever no you can pay with nevertheless payment gateway you wish to use okay and that’s it and so once you’re all set then you’ll have your my domain name list in your account therefore we have right down there so i own my name dot crypto and make a website dot crypto and that’s it how to claim your crypto domain address now the reason why you ‘d want to go through the procedure and in fact declare uh your domain addresses because one then you actually own it then two you can do whatever you want with it if you want to go sell it on some type of like nft market you can proceed and do that all right so just like when you buy any type of cryptocurrency from an exchange like uh coinbase for example what it is is simply an iou it’s an iou until you actually move the cryptocurrency from coinbase to your own wallet this is the same so this is on there this is you know it resembles a hot wallet i guess you know this is you you have not declared it yet so it’s an iou that you own this therefore i just want to briefly mention at the time of this video that there are a few methods to claim your domain name the very first method is that you need to purchase a claim with credits cost so that expenses uh at this time 40 per domain name and so that’s spends for the gas charges you’re like what are gas fees look this the ethereum network you in fact have to pay uh to move things on and off through gas costs second 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 service that makes it simple to claim but anyways to begin is very simple so we go here state if i want to declare this one make a website.crypto we’ll declare with ethereum right there declare process began so now we need to send out the code by e-mail so click that and so right over here we’ll leap over here and wait on the code to hit my inbox there it is we’ll take this all right so here is the code i’ll take this we’ll just highlight that best click copy paste there we go boom put that in okay terrific now you resemble whoa what do i do select wallet for claiming so unstoppable domains has their own app we have a web 3 wallet coinbase wall all mu wall is specifically for ethereum now there are a couple of various wallets that they recommend 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 using desktop and i like trust wallet for mobile uh with regards to unstoppable domains so we’re simply going to use metamask so to start with metamask is easy meta mask there we go alright so we click here then we wish to download it now click on that set up metamask for chrome alright and let’s proceed and add to chrome include extension and there we go all right so now the metamask app is set up on our web browser so we simply click get going we are new to metamask so here is where you have to set up a wallet a wallet is what you finish with your cryptocurrency Is Domain Flipping Worth It