Advantages and Disadvantages of Selling Domain on Godaddy

If you have thought of buying or selling second-hand domains, you may have come across domain auctions and domain trading platforms. Godaddy is one of the pioneers in the field that many refer to for buying or selling domains. However, there are a number of other domain trading platforms that serve you with significant beneficial features. This article discusses the advantages and disadvantages of selling domains on Godaddy and introduces a more reliable option.

Domain Auctions on Domain Trading Platforms

Domains’ values can extend to notable prices based on the name. Some domain names are easy to remember and rank higher in Google because they include particular keywords. Therefore, domain trading platforms conduct auctions to sell the domain names with more buying applicants. For example, to buy the domain “orderfoodonline.com,” all the online food provider services bid at the auction, and the highest bidder gets the domain.

Domain auctions are a win-win solution that helps sellers get the amount of money their domain deserves, and the buyers purchase their favorite domain name and take their website to the next level. Since Godaddy is a well-known domain registrar, many refer to it for other domain-related solutions. However, other domain trading platforms nowadays help you trade domains more securely. Let’s look at the most popular domain trading platforms and their pros and cons.

The Most Popular Domain Trading Platforms

1. Godaddy

Let’s start with Godaddy, one of the popular websites in the domain world. Godaddy mainly works on providing domain registration and website-building tools. Indeed, Godday is famous because it provides user-friendly tools to set up a website. So, even people with low information about tech can make and boot their websites.

However, when it comes to domain trading, Godaddy is not the most promising name. Although it has provided another website, “Afternic,” to organize the listing, auctions, and trading process, many users find it complicated and confusing. Moreover, on Godaddy, the payment process happens through common escrow services vulnerable to phishing users’ personal information.

1. Domchain

Domchain is another popular website that provides a user-friendly domain trading platform. Since Domchain particularly works on trading domain names, it is more likely to find more potential domain name buyers there. Many users claim that selling and buying domains on Domchain is straightforward. More importantly, Domchain is the ONLY platform that secures all the payment processes with blockchain technology. Therefore, it is the most straightforward and secure domain trading platform available. Furthermore, it has the lowest trading fees and guarantees to complete the payment transactions within a couple of hours.

However, if you want to create a website and are not very concerned about your domain name, Godaddy would be a better option. Yet, for domain trading solutions, Domchain is the most secure and promising option.

1. Sedo

Sedo is another popular domain trading platform on the web. Sedo lets users list their domains, and buyers can choose among the listed names. It also provides broker services so that the users can negotiate over prices.

However, Sedo also uses common escrow services for payments vulnerable to phishing.

Choosing a Domain Trading Platform

Domain trading platforms are not limited to the mentioned list; there are over 100 trading platforms on the internet that claim to be the best. So how can one choose the best one?

We believe in choosing the best of everything, so it is essential to consider the expert. In other words, the more expert one is in domain trading, the more practical it would be for you.

So, choosing a platform that expertly and professionally works on trading domains would be the wisest decision. Among all the domain trading platforms, Domchain is the one that exclusively works on trading domains. Domchain’s visitors are all potential buyers or sellers, so you may have a better chance of finding a match for domain trading. Moreover, Domchain provides smart contracts, a secure transaction process supported by blockchain, low fees, and a user-friendly platform exclusive for trading domain names.

Conclusion:

Godaddy is one of the well-known names in the domain world since it was one of the pioneers in providing domain registration services. Although Godaddy is a great solution for most domain-related issues, when it comes to domain trading, there are more promising options than Godaddy.

Domchain is more likely to turn out well among all domain trading platforms based on users. Domchain exclusively works on trading domain names, so all its users are potential domain sellers or buyers. More critically, Domchain secures all domain transactions with blockchain technology and guarantees to finish the payment transaction within a couple of hours.

Considering its low fees, great trading matches, user-friendly platform, and blockchain-secured transaction technology, many find Domchain a more promising platform for selling domains than Godaddy.