The integration design and Unicrow’s user experience is intuitive enough for a reasonably experienced web3 user to skip this guide completely. However we encourage those not familiar with the basic concepts and tools to continue reading and we welcome them to the magical world of web3.

Basic concepts

Web3 wallet

Typically a browser extension that can interact with smart contracts and that manages keys for your crypto balance (e.g. ETH and stablecoins). The most popular web3 wallet is MetaMask.

Ethereum gas fees

It is necessary to pay a fee for every transaction on Ethereum or one of its Layer-2 networks. This fee goes to securing the network. It is paid in the Ethereum’s native currency Ether (ETH, often referred to simply as Ethereum).

Unicrow payments cost typically < $0.50 in ETH.

Arbitrum One (Ethereum Layer-2)

Since transactions with smart contracts on Ethereum’s main network (called mainnet) can get expensive, many users and protocols rely on layer-2 networks. Unicrow is currently deployed on the largest of the L2 networks called Arbitrum One.

Many of the largest exchanges including Binance, Coinbase, or Crypto.com now support Arbitrum One natively, i.e. you can withdraw and deposit funds directly to and from the network without ever having to interact with Ethereum mainnet. Go to https://portal.arbitrum.io/?categories=centralized-exchanges to see the latest list.

Your web3 wallet will almost certainly support Arbitrum natively, even though you might need to add it to the list of default networks. See screenshot how it’s done in MetaMask.

Step-by-step Guide

Pre-requisites

– Installed web3 wallet with Arbitrum One configured.
– Small amount ($1) of ETH on Arbitrum One network to pay for gas fees
– USDT balance needed for the domain purchase on Arbitrum One

Steps

1. Checkout with Unicrow

Once you add the domain you want to buy to the cart, proceed to checkout. There, select Unicrow as a payment method and press Place order

2. Payment

You’ll be taken to Unicrow’s app where you you’ll need to go through a few steps, depending on the status of your wallet’s connection to the app and to the network.

2.1 Connect Wallet

If this is your first time using Unicrow, you’ll need to connect your wallet. 

2.2 Connect to Arbitrum

If you are not connected to Arbitrum, the app will ask you to do so at this point

2.3 Review Details

You can review all the payment details before sending the payment to the wallet for signing

2.3 Set a spending cap

In order for Unicrow smart contracts to receive USDT from you, you need to give them permission to “spend” them from your wallet. By default, only the amount necessary for this transaction will be filled in.

2.4 Confirm the payment

Finally, you can send the payment. Unfortunately because of how web3 wallets and contract interactions work, you can’t see how much are you sending here. However, since you’ve approved only the amount needed for this payment, you have a guarantee that only that amount can be withdrawn.

3 Payment Complete

When you complete the payment, you’ll see the confirmation in the Unicrow app. You will be automatically brought back to DomainOutlet to see the order receipt

Thousands of high-quality domains listed at wholesale prices here at Domain Outlet can now be purchased using selected stablecoins, starting with USDT. To secure the transactions, the payments will be processed by a trust-minimized smart contract-powered escrow protocol Unicrow.

One of the main advantages of using cryptocurrencies is in their permissionless and global nature. Unicrow extends this advantage to Domain Outlet users by allowing buyers to deposit the funds instantly from any part of the world with no additional permissions or onboarding requirements. Thanks to the possibility to use stablecoins, it delivers these benefits even without any volatility risk.

However, the irreversibility of crypto-payments can be considered undesirable under certain circumstances including domain trading. Unicrow addresses this by holding the payment securely in a non-custodial, immutable smart contract until the domains are transferred to the buyers.

This integration also allows DomainOutlet to move towards its long-term goal which is facilitating sales for 3rd party sellers, because Unicrow is designed for specifically such use-cases. The protocol will allow the payments between buyers and sellers to be processed directly and in a non-custodial fashion while enabling DomainOutlet to guarantee that the trades are being conducted fairly.

Unicrow runs on Ethereum’s Layer-2 Arbitrum. For those unfamiliar with Arbitrum or web3 in general, read our step-by-step guide including a brief introduction to basic web3 concepts:

With thousands of high-quality domain names at unbeatable prices, DomainOutlet is already the go-to place for the best domain deals. The integration with Unicrow represents a new leap in its evolution towards more convenience for sophisticated domainers.

Under $100

Fiver letter brandable with Web3 Theme

Two Word Brandable

Domain Legal Business Name

Domain Store Name

One Word Animal .io

Geo Service – Pet Related

3 Phrase Names

$100-200

Huge Keyword .IO name

City .org Name

Payroll Tax Keyword Name

Buy domain names at wholesale prices.

Just like many business domain names have the public price, and the price other domain investors pay each other for names, usually 60-90% off.

We have sold millions of dollars of names at retail prices since 2002, but we have also sold thousands of names at wholesale prices on DomainOutlet.com and other venues.

Shop now by keyword in the search bar, or by category in the SHOP page.