Top platforms to buy and sell domains

In the first step, we should gain an overview of what exactly Domain trading

is; When directing to an Internet address or name, a domain or domain name is the location of a website. For instance, the domain name “google.com” points to the IP address “216.58.216.164”. Typically, it’s more comfortable to remember a name rather than a long series of numbers.

Domain trading platforms can provide convenience for your work; Selling and buying domain names (Domain trading) can be an outstanding investment; nevertheless, finding the right domain name is only part of the action. Finding the right place to sell and buy the domain name is significant and necessary. There are numerous options, but the main question is; Where are the best places to sell domains?

The Best Domain Name Marketplaces

There are numerous marketplaces on the internet through which you can purchase your desired domain names. In this part of our article, we will take a look at the top 7 domain name marketplaces.

1.GoDaddy Auction

GoDaddy is a global-admitted brand that attracts an enormous number of serious domain customers.

GoDaddy Auction has become one of the first places that a lot of people utilize to find good quality domain names, both used and expired, and its database continues to grow. Several new or unused domain names are also put up for auction. An auction place is an excellent choice for brandable, expired, and premium domains.

Weakness: The pricing for sellers is undoubtedly more expensive compared to other marketplaces. As long as your account is unverified, you will be given limited offers.

2. Flippa

Flippa takes pride in being the largest marketplace in the world. Flippa includes already created websites and online businesses, but also domain names. This is a marketplace where a number of sellers go to see the market for their specific domain names.

Weakness: Some great deals can be found here, but you must use tools like Ahrefs backlink checker and the Wayback Machine to check the history behind a domain name.

3. Namecheap Marketplace

The Namecheap Marketplace focuses particularly on domains. Also, this is where Namecheap permits domain name owners to list the domains for sale at a set price. Since this replaces an auction system, the costs are obvious.

Weakness: It’s free to list a domain, but a 10% transaction fee of the sales price will be applied.

4. eBay

Domain sellers need to know that eBay has an entire section dedicated to domain sales and an online marketplace with many domains, digital products, and other similar products. Thousands of domains are listed for sale.

5. Sedo

Sedo is consistently the best and most significant marketplace for domain sales; Sedo offers the option of listing fixed-priced for buying a domain, in addition to an auction-based model that makes it possible for buyers and sellers to choose which they prefer. This versatility is beneficial.

6. Bido

Bido is a domain name auction place that concentrates on domains. There is a community that votes on domain names.

Weakness: This is a much smaller marketplace, with only a handful of domains up for sale at any given time.

How to Sell a Second-hand Domain

The first thing you will need to do is appropriately price your domain. Determine the value of your domain. Decide how you’d like to sell. Prepare your domain listing. Use a service to accept the payment. Transfer the Domain.

How to Buy a Second-hand Domain

Before you even consider buying a domain name, you need to do some research to get the best option possible at a reasonable cost.

First, check the exact domain name you are looking for and see if there is a real website. The website may be a simple placeholder or may come up with a selling banner; so that you can directly approach the domain owner.

If the domain doesn’t show up in your browser, you may find the domain owner through WHOIS Service. There you may find the contact email address of the owner. Otherwise, you will need to search the domain on auction platforms like Sedo, Namecheap, and Flippa.

When you find your desired domain, you should negotiate with the owner (depending on the platform). Next, you should find an escrow service to secure your payment. We recommend Domchain platform as it uses state-of-the-art technology, Smart Contract to deliver the highest security at the lowest possible commission fee.

Domchain

Domchain is a considerably secure way, more comfortable than any other traditional platform. Domchain works as an innovative alternative for conventional domain trading platforms, which uses blockchain (smart contract) to secure and ease the process as well.

What are the advantages of Domchain?

Domchain has a blockchain-based domain.
No need for third-party intermediaries
Domchain automates the domain transaction process through the use of a Smart Contract.
Domchain is not a third-party broker, but a facilitator of all domain transition operations.
Smart contracts execute all processes like payments and domain verification.
The payment fee is calculated based on the consumed gas in the smart contract, and Domchain does not charge you any fees.
If any party prefers the security of an independent third party handling transfers, Domchain offers Concierge Service at a very reasonable price to handle the whole process on their behalf.

You may find some useful questions and answers in our FAQ Page.