How it works
A channel moves through five states between the seller listing it and the buyer owning it. Each one has to finish before the next can start.

Sellers create YouTube channel listings and submit them for moderation review.
Approved channel listings become searchable in the public marketplace.
Buyers review channel details, submit offers, and negotiate terms.
Accepted offers move into YouTube transfer and evidence checkpoints.
Transactions close only after channel access and required confirmation conditions are met.

Before a listing goes public
Every public listing has been through a seller-to-admin review workflow. A draft is not discoverable, and approval is what makes it so.