doteasy offering $1 domains



they will gladly take your credit card and personal info and $1 in exchange for a domain.
 
Can you buy it then transfer to a real registrar like Namecheap with free private whois and get 2 years essentially for the price of one?
 
Haven't heard much about Doteasy except that they try to give you the run-around when you want to transfer out a domain.