The Hidden Purpose of Parked Domains: What Every Website Owner Needs to Know
You can park a domain for as long as you want by renewing your registration. Most registrars require an annual renewal, but you might also find multi-year options for longer-term parking.
For example, WordPress.com has different payment options for domains. Plus, your domain name is free for the first year when you subscribe to an annual WordPress.com hosting plan.

Is it safe to use parked domains?
Yes, it’s perfectly safe to use parked domains as long as you maintain control and use a trusted parking or registrar service.