Is Buying Crypto Domains Profitable 2022

discuss topics of the cryptocurrency world…Is Buying Crypto Domains Profitable. using examples stories and examples so that you can quickly comprehend them in this video we are going to be explaining what unstoppable domains is how they might be much better than ens and what that implies for people entering into the complex crypto area prior to we actually get to understanding the power of unstoppable domains the first thing we’ll require to do is understand dns here at white boards crypto we like utilizing examples so that’s precisely what we’re going to be using to assist you comprehend dns so dns means domain service which is an elegant method of saying that it is an useful service which allows us humans to type in human understandable addresses into the search bar and then it will immediately turn them into device understandable addresses so the majority of you are probably familiar with ip addresses and those are exactly how a computer at one end of the web knows how to talk particularly to another computer system somewhere else and not simply shout it into the void that is the web when you enter google.com and you struck enter your computer sends out a message to your internet service provider saying 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 gets a bundle back to send out to you now the package is then unpacked by your computer to show you the totality of the google.com web page using complicated mathematics and software all of this

interaction takes place behind the scenes but to you it’s simple and easy to use in fact if we had to type in 8.8.8.8 into the url bar instead of google.com a lot more individuals 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 sense to us so that’s essentially what a dns is a translator for humans to speak machine code next up let’s see how this works for crypto ens is basically the exact same thing that i just discussed other than it’s for ethereum ens means ethereum name service and basically lets me inform you that whiteboardcrypto.eth is my wallet address so you can merely type that in and pay me 20 if you want by the way if you don’t have 20 and you wish to support the channel do not hesitate to leave a like listed below it’s free and it rewards all our effort on this video and the past hundred that we’ve been really hard at work developing but anyways if you’re not utilized to comprehending crypto the option to sharing whiteboard crypto.eth with someone is i ‘d have to share

Existing domain name register to release domain or in order to move it over to this other domain register etc uh when you have a dot crypto dot zill any kind of blockchain based domain name you can transfer it to wherever you want whatever wallet you want with ease all right so now let’s delve into my laptop computer and enter the guide section of the video where i wish to reveal you unstoppable domain names how to get a domain name how to establish a specific wallet so you can attach the domain that you bought to your wallet etc so you can actually understand how to appropriately utilize unstoppable domain so let’s get started welcome to my laptop let’s start so this is unstoppable domains.com now to start with this site is extremely simple you simply come here and after that you key in the domain that you want right here and after that click on search now i want simply wish to discuss that they do have specific cost points for how many characters remain in the domain that you want 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 however anyways let me go on and just add this to cart for demonstration functions 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 truly like i like that it’s flexible i like it’s that it’s not one of those odd crypto sites where you have to pay in cryptocurrency or you have to buy unstoppable coin then exchange it or whatever no you can pay with however payment entrance you desire to utilize okay and that’s it and so when 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 website dot crypto and that’s it how to claim your crypto domain address now the factor why you ‘d want to go through the procedure and really claim uh your domain addresses because one then you really own it then 2 you can do whatever you desire with it if you desire to go sell it on some type of like nft market you can go ahead and do that fine so just 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 up until you in fact move the cryptocurrency from coinbase to your own wallet this is the exact same so this is on there this is you understand it’s like a hot wallet i think you understand this is you you haven’t declared it yet so it’s an iou that you own this and so i simply want to briefly reference at the time of this video that there are a few ways to claim your domain name the first method is that you have to acquire a claim with credits fee 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 costs look this the ethereum network you actually have to pay uh to move things on and off via gas charges number 2 is you can pay the gas fees straight from your own wallet so if you currently have a wallet set up and you have ethereum in there you can pay with your own ethereum or you can just wait until august so then they’ll have a scaling option that makes it simple to claim but anyways to get begun is extremely simple so we go here say if i desire to claim this one make a website.crypto we’ll declare with ethereum right there declare process began so now we have to send the code by e-mail so click that and so right over here we’ll leap 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 just highlight that best click copy paste there we go boom put that in alright terrific now you’re like whoa what do i do pick 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 different wallets that they suggest 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 just going to use metamask so to start with metamask is simple meta mask there we go fine so we click here then we want to download it now click that set up metamask for chrome fine and let’s go on and contribute to chrome include extension and there we go alright so now the metamask app is set up on our internet browser so we simply click begin we are brand-new to metamask so here is where you have to set up a wallet a wallet is what you finish with your cryptocurrency Is Buying Crypto Domains Profitable