Is Domain Flipping Worth It 2022

describe topics of the cryptocurrency world…Is Domain Flipping Worth It. utilizing 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 individuals getting into the complicated crypto area prior to we in fact get to comprehending the power of unstoppable domains the first thing we’ll require to do is understand dns here at whiteboard crypto we love utilizing examples so that’s exactly what we’re going to be utilizing to help you understand dns so dns stands for domain service which is an elegant method of saying that it is a practical service which permits us humans to key in human understandable addresses into the search bar and then it will automatically turn them into device legible addresses so the majority of you are most likely knowledgeable about ip addresses and those are exactly how a computer system at one end of the web understands how to talk particularly to another computer somewhere else and not just shriek it into the abyss that is the web when you enter google.com and you hit enter your computer system 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 looking for them and after that grabs a plan back to send out to you now the package is then unpacked by your computer system to reveal you the whole of the google.com web page utilizing complex mathematics and software all of this

communication occurs behind the scenes however to you it’s easy and user friendly in fact if we needed to type in 8.8.8.8 into the url bar instead of google.com a lot more people would be puzzled right we don’t speak in numbers or ip addresses we speak in dot coms dot orgs and webs because it makes sense to us so that’s essentially what a dns is a translator for people to speak machine code next up let’s see how this works for crypto ens is essentially the exact same thing that i just discussed other than it’s for ethereum ens stands for ethereum name service and basically lets me inform you that whiteboardcrypto.eth is my wallet address so you can just 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 producing but anyways if you’re not utilized to comprehending crypto the option to sharing white boards crypto.eth with somebody is i ‘d need to share

Present domain register to launch 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 you can move it to wherever you want whatever wallet you desire with ease all right so now let’s delve into my laptop and get into the guide area of the video where i want to reveal you unstoppable domain how to get a domain how to establish a specific wallet so you can connect the domain name that you purchased to your wallet and so on so you can truly understand how to appropriately utilize unstoppable domain names so let’s start welcome to my laptop let’s begin so this is unstoppable domains.com now to begin with this website is really easy you simply come here and then you key in the domain that you want right here and after that click search now i desire simply want to discuss that they do have particular cost points for the number of characters remain in the domain that you wish to get so something over 8 characters will be 40 the smaller sized the domain name the more expensive it’s going to be so for instance if i was come here and i enter my surname 2 400 uh i believe i’ll pass however anyways let me proceed and simply add this to haul for presentation functions we’ll go to the carts which’s it all right and

then you click on here checkout which’s it therefore 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 versatile i like it’s that it’s not one of those odd crypto websites where you have to pay in cryptocurrency or you need to purchase unstoppable coin then exchange it or whatever no you can pay with however payment entrance you wish to utilize alright and that’s it therefore 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 site dot crypto which’s it how to declare your crypto domain address now the reason why you ‘d wish to go through the procedure and actually claim uh your domain addresses since one then you actually own it then 2 you can do whatever you desire with it if you want to go offer it on some type of like nft marketplace you can go on and do that alright 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 up 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 resembles a hot wallet i think you understand this is you you have not declared it yet so it’s an iou that you own this and so i just wish to briefly reference at the time of this video that there are a few ways to declare your domain the very first method is that you have to purchase a claim with credits charge so that costs uh at this time 40 per domain therefore that’s spends for the gas fees you resemble what are gas fees look this the ethereum network you actually need to pay uh to move things on and off through gas fees second is you can pay the gas costs directly from your own wallet so if you currently have a wallet established 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 option that makes it simple to claim but anyways to begin is very easy so we go here say if i want to claim this one make a website.crypto we’ll declare with ethereum right there declare procedure began so now we need to send out the code by email so click that therefore 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 ideal click copy paste there we go boom put that in all right great 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 specifically for ethereum now there are a few various 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 utilizing desktop and i like trust wallet for mobile uh with regards to unstoppable domains so we’re simply going to utilize metamask so to start with metamask is simple meta mask there we go okay so we click here then we wish to download it now click that install metamask for chrome alright and let’s go on and add to chrome add extension and there we go alright so now the metamask app is installed on our browser so we just click get going we are brand-new to metamask so here is where you have to establish a wallet a wallet is what you finish with your cryptocurrency Is Domain Flipping Worth It