Once an internet site name has been registered with a registrar, that registrar is responsible for notifying the registrant when their domain is on the brink of expiring and giving them the likelihood to renew, ensuring they don’t lose their name. In some cases, registrars will take advantage of their users’ expired domain names by buying those domains the second they expire then selling them back to the first registrant at an exorbitant price.

It’s important to make a decision on an honest and trustworthy registrar to avoid these sorts of predatory practices.