Yes, cheap domain names are not cheap in the negative sense of the word but they’re low-cost domain names which are as good as full-priced ones, such as .com, .net, or .org. It’s more a matter of the customer's needs and preferences. Getting a cheap domain is very convenient for a person who needs an online presence but his budget does not allow for high priced ones. While, regular domain names can be a bit more expensive for someone who’s just starting out. Cheap domain names are technically web addresses just like any other domain names but with different extensions.