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In this video tutorial, David from WebsiteCrafter.com 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 tutorial highlights that the steps are similar across various registrars, such as Google Domains or Bluehost. The first step to initiate the transfer is to access your current registrar and locate the domain management section. It's crucial to change the domain's status from "locked" to "unlocked" to enable the transfer. This simple adjustment allows users to move their domain names effortlessly between registrars.