Is Buying Crypto Domains Profitable 2022 – NFT Domains

describe subjects of the cryptocurrency world…Is Buying Crypto Domains Profitable. using analogies stories and examples so that you can quickly comprehend them in this video we are going to be discussing what unstoppable domains is how they might be better than ens and what that implies for people entering the complicated crypto area before we really get to comprehending the power of unstoppable domains the first thing we’ll need to do is comprehend dns here at whiteboard crypto we like using examples so that’s exactly what we’re going to be using to assist you comprehend dns so dns means domain name service which is a fancy method of stating that it is an useful service which allows us humans to key in human understandable addresses into the search bar and then it will immediately turn them into maker understandable addresses so most of you are probably knowledgeable about ip addresses and those are precisely how a computer at one end of the internet understands how to talk particularly to another computer elsewhere and not simply yell 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 stating yo where’s google the internet service provider finds out and goes to where google is tells them that you are looking for them and then gets a package back to send to you now the package is then unpacked by your computer to reveal you the entirety of the google.com home page utilizing complex math and software application all of this

interaction takes place behind the scenes however to you it’s basic and user friendly in fact if we needed to key in 8.8.8.8 into the url bar instead of google.com a lot more individuals would be puzzled right we don’t speak in numbers or ip addresses we speak in dot coms dot orgs and internet due to the fact that it makes sense to us so that’s basically 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 same thing that i simply discussed except it’s for ethereum ens stands for ethereum name service and pretty much lets me inform you that whiteboardcrypto.eth is my wallet address so you can simply 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’ve been actually hard at work creating however anyways if you’re not used to comprehending crypto the alternative to sharing whiteboard crypto.eth with someone is i ‘d need to share

Current domain register to launch domain name or in order to move it over to this other domain name register and so on uh when you have a dot crypto dot zill any kind of blockchain based domain you can transfer it to any place you desire whatever wallet you want with ease all right so now let’s jump into my laptop computer and enter the tutorial section of the video where i want to reveal you unstoppable domain names how to get a domain how to set up a particular wallet so you can connect the domain name that you bought to your wallet and so on so you can truly comprehend how to appropriately use unstoppable domain names so let’s get started welcome to my laptop let’s start so this is unstoppable domains.com now to begin with this site is very basic you just come here and after that you type in the domain that you desire right here and after that click on search now i want just want to mention that they do have specific rate points for the number of characters remain in the domain name that you want to get so something over 8 characters will be 40 the smaller the domain the more costly 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 ahead and just add this to haul for demonstration purposes we’ll go to the carts and that’s it okay and

then you click on here checkout and that’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 flexible i like it’s that it’s not one of those weird crypto sites where you have to pay in cryptocurrency or you need to purchase unstoppable coin then exchange it or whatever no you can pay with nevertheless payment entrance you want to use alright 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 site dot crypto and that’s it how to claim your crypto domain address now the reason you ‘d wish to go through the process and really claim uh your domain addresses since one then you really own it then 2 you can do whatever you desire with it if you want to go offer it on some kind of like nft marketplace you can go on and do that all right 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 really move the cryptocurrency from coinbase to your own wallet this is the same so this is on there this is you understand it’s like a hot wallet i think you know this is you you haven’t claimed 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 couple of methods to declare your domain the first way is that you need to buy a claim with credits cost so that expenses uh at this time 40 per domain therefore that’s pays for the gas costs you resemble what are gas charges look this the ethereum network you in fact have to pay uh to move things on and off via gas charges number two is you can pay the gas charges straight from your own wallet so if you already have a wallet established and you have ethereum in there you can pay with your own ethereum or you can just wait up until august so then they’ll have a scaling option that makes it easy to claim but anyways to start is very basic so we go here state if i wish to declare this one make a website.crypto we’ll claim with ethereum right there declare process began so now we need to send out the code by email so click that and so right over here we’ll jump over here and await 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 simply highlight that right click copy paste there we go boom put that in all right great now you’re like whoa what do i do choose wallet for declaring so unstoppable domains has their own app we have a web 3 wallet coinbase wall all mu wall is particularly 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 just going to use metamask so to get going with metamask is simple meta mask there we go fine so we click on this link then we wish to download it now click on that set up metamask for chrome all right and let’s go ahead 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 on begin we are new to metamask so here is where you need to establish a wallet a wallet is what you do with your cryptocurrency Is Buying Crypto Domains Profitable