What is Domain Renewal?
Your domain name is your most valuable online asset. As demand for domains continues to increase, holding on to your domain is critical. Without it, you lose your website and, once it’s gone, it’s very hard to get it back. This is a very high price to pay in comparison to the few quick clicks it takes to renew.
The fact is, you never truly own your domain outright – you rent it. The domain is registered to you for a specified time and, when that time is up, it’s time to renew. Most domains are costed per year but when you make a purchase it will require you to register for 2 years by default; however, in some cases you can opt to increase or decrease the duration depending on your needs.