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In this video tutorial, David explains how to transfer a domain name from one registrar to another, specifically demonstrating the process of moving a domain from GoDaddy to Namecheap. The method is applicable to any registrars, such as moving from Google Domains or Bluehost to Namecheap. The first step involves accessing your current registrar's management settings for your domain. You need to locate the domain's status and change it from "locked" to "unlocked," as a locked status prevents the transfer. David emphasizes that this initial step is crucial for initiating the transfer process.