I wouldn't call it a trap: they don't claim renewals are taken at a loss (and I wouldn't expect them to).
They charge $10.16/year to renew a .com (including the ICANN fee). Pretty reasonable to me, plus they let you specify your own nameserver for the domain.
I've been very happy with NameCheap: I was originally on GoDaddy (I was young and stupid), moved to 1&1 (still young, still stupid), and I've been with NameCheap ever since (~4 years).
Oh, I meant NS record delegation (I think, terminology might be wrong, it's been a while since I futzed with low-level DNS stuff), so that you could use ns1.mydomain.com as your nameserver, even if you registered mydomain.com through namecheap.
They all allow it - just they don't all make it a simple control panel process. Either email support, or do a search and it can be taken care of on all registrars.
Search "register domain GoDaddy" on Google and click on their sponsored links. They contain an embedded coupon code bringing down the .com price under 8 USD (the ad is targeted for most countries).
They charge $10.16/year to renew a .com (including the ICANN fee). Pretty reasonable to me, plus they let you specify your own nameserver for the domain.
I've been very happy with NameCheap: I was originally on GoDaddy (I was young and stupid), moved to 1&1 (still young, still stupid), and I've been with NameCheap ever since (~4 years).