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What are the pros and cons for long-term domain registrations, such as 5 or 10 years?

One benefit I can think of is locking-in the domain price. I can't really think of any cons (beyond just not using the domain), especially since transferring between registrars is so easy.

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Pros

  • lock in price
  • don't have to worry about renewing
  • some believe it has a positive effect on SEO (it's tiny at best)
  • don't have issues transferring to a new registrar due to limitations of transferring near the domain's expiration date

Cons

  • higher up front cost/expendature
  • if you want to transfer to a new registrar you usually have to pay for another year that you don't need
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One more con: You might forget to renew your registration in 2021; that's a long way out.

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  • Actually that's a good point... I've almost forgotten about domains that I've held less than a year >_<
    – sourcenouveau
    Commented May 31, 2011 at 16:42

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