What will happen to the domain name if the website I purchased it from shuts down? Will my website also shut down? Is it possible to transfer the same domain name to a different domain registrar?

If the website where you purchased your domain name shuts down, it will depend on the specific circumstances. In most cases, your website will not be directly affected right away. However, if the domain registrar goes out of business or stops providing domain services, it may become challenging to manage your domain effectively.

To ensure uninterrupted service, you can transfer your domain name to a different domain registrar. The ability to transfer a domain depends on several factors, such as the domain extension and any restrictions imposed by the current registrar. Typically, you will need an authorization code from your current registrar to initiate the transfer process. It's important to note that some registrars might charge a fee for transferring a domain name.

To transfer your domain successfully, you should maintain a backup of your website and its content. This way, even if problems with the domain arise, you can still rebuild your website using the backup on a new domain. It's advisable to regularly back up your website regardless of any potential domain concerns.

When a domain registrar shuts down, there are usually processes in place to ensure continuity of service for existing customers. If the registrar is accredited by ICANN (Internet Corporation for Assigned Names and Numbers), they are required to have a plan for ensuring the seamless transition of domain management in case of closure.

In most cases, if a registrar shuts down, they will work with another registrar to transfer the management of domain names to ensure that websites continue to function without interruption. This usually involves notifying customers and providing instructions on how to transfer their domain to a new registrar.

During this transfer process, it's important to ensure that you have access to your domain control panel or registrar account, as you may need to provide certain information or take some action to facilitate the transfer. It's also advisable to keep an eye out for any email communications from your current registrar to stay informed about any necessary steps you need to take.

It's worth mentioning that transferring a domain name can take some time, typically a few days to a week, depending on the involved registrars and any domain-specific requirements. It's always a good idea to initiate the transfer process sooner rather than later to minimize any potential disruptions to your website or online services.

If your name appears in the registry, there will be no consequences. You will simply receive information about the company that will handle your registration instead of the one that has closed.

What could possibly be the reason for its closure? After all, they are making a whopping 1000% profit, essentially creating money out of nothing. It's as easy as adjusting a few symbols with just a couple of clicks in the settings.
Remarkably, they even organize auctions. The only possible outcome is complete domination. Naturally, everything will stay intact.