If you wish to create a web site, you need 2 things - your own domain name and a hosting plan for it. The domain registration is the actual web address which you enter in a web browser to reach a website, while the hosting space is where your site files will be. These are two very closely connected, yet individual services, even though many people think that registering the domain is enough. Much like the disk space and the monthly traffic features which a given web hosting plan provides, there are a certain number of registered domain names which you can add as hosted i.e. you can have the web content for them in some account even when the domains are actually registered using a different provider. In technical terms, it does not matter if a domain name is registered and hosted with the same company or is registered with one company and directed to another - either way your sites will operate the very same way.