Domain registration is the process by which a company or individual can secure a website domain, such as www.yoursite.com. Once you have completed domain registration the domain becomes yours for the period of the contract, usually one year. Before registration expires it must be renewed, or the domain reverts back to being available to the general public.
If you are considering domain registration, ICANN recommends dealing with an accredited registrar. These registrars have entered into an official agreement with ICANN to meet minimal requirements for providing domain registration.
Be sure you will own the domain name, as some registrars maintain control over the domains they register. And be sure you retain the option to transfer the domain to another registrar, if you wish. There might be an initial period after which this becomes possible. Look for any fees that might be incurred as a result of transferring the domain. This could become important down the road if you wish to take advantage of another registrar’s products or services.
Yes. There is very minor price diffrences among various companies. Charges may depend upon tld. TLD means extensions like .com, .net,.me, etc.For first year, cost of domain may be cheaper than charges for renewal.