Can I become my own domain registrar?

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I’m fed up with all the domain registration fees the registrars seem to slap on at the last minute. What’s stopping me from just registering my domain name myself? In other words, how do I become my own domain registrar? I understand I can’t purchase directly from ICANN (the organization that manages internet namespaces), so I’d like to know what it costs to do it myself and manage my own names. Thanks!

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