Do not lose your domain when you can easily set it up to assure you do not. When you get a domain use a godaddy promo code to get the best deal.
Now you need to register a domain for at least one year, but you can for up to 10 I believe. However that is obviously expensive, better to pay for 1 year at a time. But now you need to watch and assure you do not forget to renew. Or you can use the auto-renew feature.
By simply checking that auto renewal button you can be sure not to miss renewing your domain, or can you? You can still miss it if your payment method is not up to date. Therefore be sure if you use PayPal or a credit card that you keep it up to date. Other than that you are good to go.
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