1) You'll get an email from Wealthy Affiliate asking you to click a link, and agree to allow WA to be your new registrar. The email and form are pictured below:
2) Total transfer time took less than a day.
3) In the video I did not include the ";" symbol as part of the transfer code. This was a mistake. Symbols and punctuation are part of the code and need to be included!
4) From a comment here, it sounds like if you try to transfer TOO close to the renewal date that your request to transfer can be denied. Make sure to give yourself enough time before the renewal date!
For Godaddy: https://my.wealthyaffiliate.com/training/transfer-a-domain-from-godaddy-to-wealthy-affiliate