Domain Renewal (Auto-Renew)

Domain renewal is paying to extend a domain's registration for another term — typically one year — before it lapses. Most registrars offer auto-renew, which charges your payment method automatically so the domain never reaches expiration; it is the simplest insurance against losing a name to an oversight. Renewal pricing is set by the registry (plus the registrar's markup) and varies sharply by TLD. Renewal keeps the registration alive in the traditional system; for a tokenized domain, the on-chain ownership record and the registry renewal are complementary — you still renew the underlying name while holding its ownership in your wallet. Source: ICANN registrant FAQs.