NFT Domains are the new iteration of web domains. Unfortunately, there are many scams online, especially within the crypto space. That being said, how safe are Unstoppable Domains?
Unstoppable Domains are safe considering they’re decentralized domains that are safeguarded by your web3 wallet. This makes it near impossible for hackers to gain access to your domain. Furthermore, the blockchain ensures that no one can censor or remove your domain, so you retain complete control.
Unstoppable Domains has put several elements in place to ensure that they provide safe services to their customers. A key part of this is ensuring that the domain is decentralized through the blockchain. Read on to learn more about this technology and how it protects users from censorship.
How Safe Are Unstoppable Domains?
There are a few reasons why customers can feel secure using Unstoppable Domains. First, the company has a strong reputation within the crypto community. The information that they gather about their users is protected by the blockchain.
Secondly, the product itself is designed to be secure. Once you have purchased a domain it’s yours forever. No one can remove it from your possession, including Unstoppable Domains.
Since Unstoppable Domains are NFTs, it’s important to note that the domain is technically only secure as the wallet you store it in.
This means that if a hacker is able to gain access to your wallet where your NFT domain is stored, they could transfer your domain to their own wallet and sell it for a quick profit.
Ensuring you know how to securely store your NFT domain is essential to keeping it safe.
Can Unstoppable Domains Be Censored?
Due to Unstoppable Domain’s decentralized nature, it’s impossible for any single entity to censor or alter the domain or how it is used. The only person who can manage an Unstoppable Domain is the owner (or whoever has access to the wallet it’s stored in).
Unfortunately, many countries around the world will want to censor what their citizens can see. Web3 aims to prevent this, and the services provided by Unstoppable Domains play a key role.
Once you have purchased a domain, it’s sent to your web3 wallet through the blockchain. This provides an immutable record, showing that you control the domain. This domain can’t be removed from your control without your approval.
Furthermore, because it’s on the blockchain, there is no central control over the domain. Without this, it would be difficult for a government to get it taken down or stop people from accessing it.
Unstoppable Domains also don’t have any control over the way that your domain is used. The company is unable to withdraw domain names from circulation. Even if Unstoppable Domains were to go bankrupt, the domains would remain in the user’s wallets and on the blockchain.
Are Unstoppable Domains Decentralized?
Since Unstoppable Domains’ are minted on Matic (a layer-2 for Ethereum), as ERC-721 tokens (the Ethereum standard for NFTs), they are completely decentralized. Unstoppable Domains prioritizes ownership of one’s digital identity and simplifies crypto payments, hence, ensuring their domains remain in control of the owner.
Some people opt to connect this domain to a website. In this case, the data from the website can be placed on a peer-to-peer network. This will make it impossible to regulate the type of content that can be placed on your website.
Decentralization isn’t just about protecting your website and payments from government interference. It will also be used as a way of storing valuable information safely. The personal information of users is stored in a decentralized way by Unstoppable Domains.
Through decentralization, the risk of hackers and other security issues is minimized. Even if they were able to gain access to a server, they would only gain a small part of the ledger. Without the other nodes (computers), their fragment would essentially be useless.
Where Are Unstoppable Domains Stored?
Unstoppable Domains are ultimately stored on the blockchain. Once you buy a domain it’s moved to “My Domains” in your UD profile. To publish it to the blockchain, you have to mint it. Only then will it be moved to your public wallet address that’s also stored on the blockchain.
Taking that into consideration, you don’t need a web3 wallet to purchase an Unstoppable Domain.
However, to mint your NFT domain you will need to have a valid web3 wallet. Storing a domain from Unstoppable Domains is exactly the same as storing any other NFT. Furthermore, the domain will work with most types of wallets.
As long as the wallet is from a reputable provider, there shouldn’t be any problems linking it to your account. You must hold the private keys to the wallet, which is why wallets on exchanges like Crypto.com won’t be suitable.
When you buy an Unstoppable Domain, you will have complete ownership of your domain. As a result, you can sell or transfer it at any time for any reason. There is no need to get the sale approved.
Should I Buy An Unstoppable Domain?
There are several reasons why you might want to consider buying an Unstoppable Domain, including:
- Unable to be controlled. There is no central authority that can control a domain or how it is used. This is especially beneficial for those who live in countries that have an authoritarian regime that places severe restrictions on the type of content they can see.
- Wide range of uses. An Unstoppable domain is ideal for use in web3. There is a wide range of decentralized applications that will be compatible with this technology. This area is set to rapidly increase over the coming years, adding even more utility to these domains. Plus, you can use a single domain as your universal login to blockchain projects.
- Can be bought and sold. Since you have complete control over the domain you will be able to sell it at will. Exchanges like OpenSea also have a lot of established domains available for purchase.
- One-time fee. Unlike a traditional domain, which comes with yearly recurring fees, an Unstoppable Domain is only bought once. After this, you have complete control, without any ongoing charges.
Based on this list, it’s clear that Unstoppable Domains offers plenty of value to its users. Because of this, they are the preferred provider of crypto domains.
How Do I Buy an Unstoppable Domain?
Buying an Unstoppable Domain is easy. Follow these four simple steps below.
1. Search for a domain
First, head over to Unstoppable Domains’ website to search for your domain. You’ll notice that there are numerous domain endings (TLDs) to choose from (.nft, .crypto, .x, etc.). All the endings provide you with the same functionalities. However, the domain endings can all be utilized differently depending on your goals.
After you decided which ending you want, enter your desired domain name into the search box. From there, you will be directed to the purchasing page.
2. Buy your domain
Once you have confirmed that the domain you want is available and the price is acceptable, you can buy your domain. Generally, Unstoppable will display the same domain name with different ending options in case you want to purchase a variety of endings for that same name.
Currently, there are four payment methods to choose from:
- Credit card
- Crypto (BTC, BCH, ETH, DAI, LTC, USDC)
- Crypto.com pay
If you are sending your payment from a crypto exchange like Coinbase, make sure you send enough to cover the fees implemented by the exchange. These fees are typically only a couple of dollars. You can preview the transaction before sending it to know exactly how much the exchange fee will be.
3. Connect your wallet to your account
You can buy your NFT domain name without connecting your web3 wallet. However, if you want to mint your domain, you’re going to need to connect your wallet.
To connect your wallet:
- Go to your Account Setting, and choose Add Wallet.
- Sign the transaction using your wallet to connect it to the Unstoppable Domains website.
If you don’t have a wallet, I recommend using Coinbase Wallet to get started. That being said, you should learn how to properly store your NFTs for maximum safety before buying one. Otherwise, you risk losing your NFTs to hackers and scammers.
4. Mint your domain
Your domain is not functional until you mint it. After you purchase your domain, it will appear under the My Domains section of your profile. This is where you will go to officially mint your NFT to the blockchain.
Follow these steps to mint your domain:
- Go to My Domains
- Click, Free Mint
- Enter your 2FA verification code
- Connect your wallet
- Confirm and sign the transaction
That’s it, you are now in complete control of your decentralized domain. After minting your domain you can set up your domain profile, add your cryptocurrency addresses, create your own decentralized website, or try to sell it for a profit.
Unstoppable Domains are as safe as can be. They can’t be controlled by third-party entities, their every move is tracked on the blockchain, it’s securely stored in your web3 wallet, and you remain in full control of your domain as the sole owner.
So if you have been contemplating getting an Unstoppable Domains NFT, you can now purchase one knowing you’re safe along with your domain name.