The 1st part is ".com", the second is "instance" plus the third portion is "purchase". The 3rd aspect is a subdomain of the second section, and the next portion can be a subdomain of the primary. It's a bit similar to a Matryoshka doll. For more on how domains are structured, see The subject "What do you have to understand about domains?".
Some try and upsell other products and services that you might not need to have, and Other individuals endeavor to lock you in by rendering it difficult to transfer your domain name.
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The pace on the transfer and the method in complete depends upon the so-referred to as "quick" transfer option availability to the domain you bought:
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Market-precise keyword phrases that aid search engines have an understanding of your site’s relevance to specific search queries
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