Transferring an existing domain entails changing the registrar company that handles the domain registration service, so after the transfer itself, you will have to manage things like renewal payments or DNS updates through the new domain name registrar. The transfer procedure is standard with most universal and country-specific domain name extensions. Some country-code extensions are more specific and entail different steps, but in the general case transferring a domain name involves several necessary steps and one of them is unlocking the domain name. The lock is a safety feature, which is being embraced by more and more registry organizations. It is a default feature supported by all gTLDs. If a domain is locked, it will not be possible to start a transfer process, so no one can even attempt to snatch your domain. The domain lock can be annulled only through the account where the domain is registered in the first place and all new domain names that support this feature are locked by default the moment they are registered.
