What does a domain transfer mean?
First thing's first: your domain name is the means by which you identify your website. It appears in the address bar of your browser. Each domain name is registered, and this can be done by anybody for both professional and personal purposes. There are a number of different domain providers, like 1&1, and each offers different features, services and prices. The most common reasons to transfer a domain are for different prices, services or features, or because of problems with current providers. The owner can transfer the domain to another provider at any given time. If you have transferred a domain name, registered one, or altered your details, you cannot do a domain transfer for another 60 days.