- >Best Crypto Tools
- >Unstoppable Domains Review: Crypto Addresses Made Easy
Unstoppable Domains Overview
- Unstoppable Domains is an entirely new product that streamlines the crypto transaction process
- One-time purchase also gives you access to website domain
- Replaces complicated public keys with an easy-to-remember domain for transactions
- Extremely competitive pricing that starts at just $20 with no renewal fees
Unstoppable Domains Pros & Cons
Pros
One-time purchase of domain
Simplifies way in which people interact with crypto addresses
Censor resistant domain stored in your wallet
More functionality than traditional domains
Supports 276 crypto assets
Cons
Have to spend ETH to claim domain
Still some question as to whether Unstoppable Domains will achieve widespread adoption
Some domains are still pre-sale only
What is Unstoppable Domains?
Unstoppable Domains was founded in 2018 by Matthew Gould, the current CEO, who saw a need for it to be easier for users to interact with crypto addresses. At first, it might seem a bit confusing how to use Unstoppable Domains but the aim is clear. Think of it this way: the company’s goal is like the DNS system is for web, so users do not have to learn IP addresses in order to get to websites, except for crypto addresses. Instead of typing an IP address like “25.456.425.25” to visit CNN’s website, you visit “CNN.com”. Crypto addresses can be long and complex, so sending and receiving presents risks. If the address was instead “SteveCrypto”, for example, it would be much easier to send to Steve.
In this manner they have succeeded greatly, as they have created a domain system that allows users to set up payments for 276 digital assets under a single domain name, while also being able to be used as a fully functioning website that can even have dApps built onto them because the domain is hosted on the blockchain. With a single payment and no annual renewal fees, Unstoppable Domains is an intriguing tool for crypto users.
Is Unstoppable Domains Safe?
Unstoppable Domains is extremely safe because once claimed the domains exist under your address on blockchain, meaning they are as secure as the blockchain itself.
It is doubly safe because this also means that the domain cannot be blocked by anyone other than you, so your website is never at risk of being down due to censorship. The site for purchasing the domains is safe as well and can be secured with two-factor authentication.
How Much is Unstoppable Domains?
The cost of Unstoppable Domains depends on a two main factors, though it should be noted that purchasing a domain is a one-time cost and requires no annual renewals of any sort.
The first factor is the cost of the domain itself, this can range from $20 USD to well over $1000 USD depending on the domain you choose, as cost is based on domain type (.crypto is more than .wallet for example), and the length of the domain name, with shorter domains costing extra. In addition, there are premium domains that cost tens of thousands.
The next factor is the gas fees associated with using the Ethereum blockchain to claim your domain, because the domains are stored on the Ethereum blockchain, the transaction to claim them comes in ETH and is not included in your initial purchase. The gas fees you will pay will depend on the current cost of ETH and the network congestion at the time of the transaction. Overall you can get likely yourself a cheap .crypto domain and claim it for under $50 total.
It’s worth noting that with that $50 investment (or less), you get full ownership. It’s decentralized, so it’s not as if you have to pay GoDaddy a fee each year. It’s yours permanently.
Maybe in the future other blockchains like Solana or Avalanche are included but we’ll have to see.
What Are the Best Features of Unstoppable Domains?
There are a few features of Unstoppable Domains that stand out. The fact that it is a one-time purchase with no annual renewal is extremely appealing considering the way traditional domain ownership works. In the traditional method, you have to pay a provider a yearly fee whether it’s GoDaddy or Hostinger or any other company. In addition, the domain is censor resistant, meaning it cannot be taken down by anyone other than the owner. We’ve seen that if governments or someone else doesn’t like what you’re doing (like the trucker protest in Canada), they can free your assets, free your website and cut you off from the world. With Unstoppable Domains, the government can’t just call GoDaddy and tell them to shut you down.
The domains also have more functionality than traditional domains because they can be used to a payment router, but also used to create websites with dApps built directly on them because they exist on the blockchain, allowing the use of smart contracts on your site. This offers incredible integration possibilities in the future.
Perhaps the best and most appealing feature is that when you buy Unstoppable Domains, your domain provides you a way to have one address for you to receive 276 different crypto assets, meaning once you set it up you will only ever need to know your domain and your payments will be routed to the wallets you set up for each cryptocurrency. It is easier not only for you, but for anyone who you want to receive funds from.
Potential Dealbreakers
There is only one real potential dealbreaker we discovered in our Unstoppable Domains review and that is the cost of claiming your domain with Ethereum.
Unstoppable Domains pricing may only be a dealbreaker. Some people also have issues because they do not have any Ethereum and need to purchase some in order to claim your domain. Sometimes people complain about the Ethereum gas fee too. However, this is a one-time transaction fee and these gripes are generally quite minor. This is one of the best domains for crypto and while there is a small learning curve with how to use Unstoppable Domains, you’ll be generally pretty happy once you get the hang of it.
Unstoppable Domains Frequently Asked Questions
The main goal is to simplify crypto addresses. Sending money to a complex address requires perfect copy-paste; with Unstoppable Domains, the addresses can be far more user-friendly names.
Unstoppable Domains are very secure. You own your domain and don’t have to worry about a central party shutting you down.
Unstoppable Domains was created by a company but the idea is that the domains are decentralized. That means you don’t have to deal with a company to renew each year like GoDaddy. You just get to own your domain permanently.
No, Unstoppable Domains are built on the Ethereum blockchain.
No, it’s not a wallet. Your domain is an address and when someone sends to that address, the money will be sent to your wallet.
The main point of a .crypto domain or any of the other domain extensions available for purchase through Unstoppable Domains is to provide a simple and secure way for people to interact with crypto addresses. Using a .crypto domain means you will never have to provide people with any other information than your domain in order to receive funds in over 275 digital assets.
The answer to this question is subjective but it should be said that Unstoppable Domains helps drive mass adoption by simplifying the way in which people interact with crypto addresses. By making it less complicated to send crypto to people with simplified domains that house all your receiving addresses Unstoppable Domains is good for crypto.