Many hosting companies will over you a free domain name with your hosting package, but it's best to keep your domain registration and hosting separate for a variety of reasons. The most important of these is that if you need to change hosting companies for some reason, you will not also have to transfer your domain - a process which many hosting companies make very difficult precisely because they want to keep their customers.

Full article available about keeping your hosting and domain registration separate.

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Domain Names - News & Information